11,232 Shares in Atlassian Corporation PLC $TEAM Bought by Curated Wealth Partners LLC

Curated Wealth Partners LLC acquired a new stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM) in the third quarter, HoldingsChannel.com reports. The firm acquired 11,232 shares of the technology company’s stock, valued at approximately $2,014,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. WealthPlan Investment Management LLC purchased a new position in shares of Atlassian during the 3rd quarter worth $246,000. Fortitude Family Office LLC increased its holdings in Atlassian by 23.0% in the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the technology company’s stock worth $52,000 after acquiring an additional 54 shares in the last quarter. Western Financial Corp CA bought a new stake in Atlassian during the 3rd quarter worth approximately $598,000. Sanders Morris Harris LLC bought a new position in shares of Atlassian in the third quarter worth approximately $4,644,000. Finally, Seelaus Asset Management LLC purchased a new stake in Atlassian in the 3rd quarter worth $558,000. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on TEAM. Mizuho set a $215.00 price target on Atlassian in a report on Monday, September 14th. Citigroup boosted their target price on Atlassian from $170.00 to $225.00 and gave the stock a “buy” rating in a research report on Tuesday, September 1st. Guggenheim raised their target price on shares of Atlassian from $115.00 to $165.00 and gave the company a “buy” rating in a report on Friday, August 7th. Bank of America upped their target price on shares of Atlassian from $175.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, August 31st. Finally, Barclays upped their price objective on Atlassian from $172.00 to $222.00 and gave the company an “overweight” rating in a research report on Tuesday. Twenty-five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $196.00.

Insider Buying and Selling at Atlassian

In other news, CRO Brian Duffy sold 1,851 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $172.45, for a total value of $319,204.95. Following the completion of the transaction, the executive directly owned 218,223 shares of the company’s stock, valued at approximately $37,632,556.35. The trade was a 0.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO James Chuong sold 9,054 shares of Atlassian stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $172.45, for a total transaction of $1,561,362.30. Following the completion of the transaction, the chief financial officer directly owned 279,218 shares in the company, valued at approximately $48,151,144.10. The trade was a 3.14% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 22,475 shares of company stock valued at $3,822,643. 36.66% of the stock is currently owned by corporate insiders.

Atlassian Trading Up 4.2%

Shares of Atlassian stock traded up $8.64 on Thursday, hitting $213.30. 1,611,293 shares of the company traded hands, compared to its average volume of 5,673,894. The stock’s 50 day moving average price is $181.48 and its 200-day moving average price is $118.43. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.93. Atlassian Corporation PLC has a 52 week low of $56.01 and a 52 week high of $214.77. The company has a market cap of $54.13 billion, a PE ratio of -1,123.98, a PEG ratio of 16.35 and a beta of 1.22.

Atlassian (NASDAQ:TEAM) last issued its earnings results on Friday, August 7th. The technology company reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.37. Atlassian had a positive return on equity of 20.99% and a negative net margin of 0.82%. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period in the previous year, the company posted $0.98 EPS. Atlassian’s revenue was up 27.6% on a year-over-year basis. Equities research analysts predict that Atlassian Corporation PLC will post 0.94 EPS for the current year.

About Atlassian

Atlassian Corporation develops collaboration, productivity and workflow-management software for technology, business and enterprise teams. Its products are designed to help organizations plan projects, manage software development, document and share knowledge, provide IT and customer support, and coordinate work across distributed teams.

Its product portfolio includes Jira for project and issue management, Confluence for team collaboration and knowledge sharing, Jira Service Management for IT service and support operations, and Trello for organizing tasks and projects.