15,834 Shares in Atlassian Corporation PLC $TEAM Acquired by Kapitalo Investimentos Ltda

Kapitalo Investimentos Ltda acquired a new stake in Atlassian Corporation PLC (NASDAQ:TEAM) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,834 shares of the technology company’s stock, valued at approximately $2,529,000.

A number of other institutional investors have also recently bought and sold shares of TEAM. Snowden Capital Advisors LLC lifted its stake in shares of Atlassian by 1.6% in the 2nd quarter. Snowden Capital Advisors LLC now owns 4,464 shares of the technology company’s stock valued at $907,000 after purchasing an additional 71 shares during the period. Cetera Investment Advisers lifted its stake in Atlassian by 0.3% in the second quarter. Cetera Investment Advisers now owns 24,808 shares of the technology company’s stock valued at $5,038,000 after buying an additional 79 shares during the period. Allegiance Financial Group Advisory Services LLC lifted its stake in Atlassian by 6.6% in the third quarter. Allegiance Financial Group Advisory Services LLC now owns 1,307 shares of the technology company’s stock valued at $209,000 after buying an additional 81 shares during the period. Louisiana State Employees Retirement System grew its position in shares of Atlassian by 0.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 12,100 shares of the technology company’s stock worth $2,457,000 after buying an additional 100 shares during the period. Finally, First Horizon Advisors Inc. increased its stake in shares of Atlassian by 40.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 374 shares of the technology company’s stock valued at $76,000 after acquiring an additional 107 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Insider Transactions at Atlassian

In other news, President Anutthara Bharadwaj sold 9,847 shares of the business’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $152.46, for a total value of $1,501,273.62. Following the sale, the president owned 242,092 shares of the company’s stock, valued at $36,909,346.32. The trade was a 3.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the stock in a transaction on Friday, October 31st. The stock was sold at an average price of $167.61, for a total transaction of $1,284,730.65. Following the transaction, the chief executive officer owned 314,265 shares of the company’s stock, valued at $52,673,956.65. The trade was a 2.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 551,049 shares of company stock valued at $84,075,059 in the last ninety days. 36.66% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on TEAM shares. Piper Sandler reissued an “overweight” rating on shares of Atlassian in a research note on Tuesday, January 13th. UBS Group set a $145.00 price target on shares of Atlassian in a research report on Tuesday. Citigroup lowered their price objective on shares of Atlassian from $240.00 to $210.00 and set a “buy” rating for the company in a research report on Friday, January 16th. Robert W. Baird reduced their target price on Atlassian from $230.00 to $170.00 and set an “outperform” rating on the stock in a report on Monday. Finally, KeyCorp decreased their target price on Atlassian from $250.00 to $210.00 and set an “overweight” rating for the company in a research note on Thursday, October 23rd. Twenty-one equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $231.54.

Atlassian Stock Performance

Shares of Atlassian stock opened at $134.76 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market cap of $35.46 billion, a price-to-earnings ratio of -189.80, a price-to-earnings-growth ratio of 20.73 and a beta of 0.88. The stock’s 50-day moving average is $150.02 and its 200-day moving average is $162.32. Atlassian Corporation PLC has a one year low of $115.53 and a one year high of $326.00.

Atlassian (NASDAQ:TEAM) last announced its earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.21. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. Atlassian had a negative return on equity of 7.11% and a negative net margin of 3.38%.Atlassian’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.77 EPS. Equities analysts predict that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

About Atlassian

Atlassian Corporation Plc is a software company headquartered in Sydney, Australia, best known for developing collaboration, project management and software development tools. Founded in 2002 by Mike Cannon-Brookes and Scott Farquhar, Atlassian grew from a small engineering-focused team into a publicly traded company after its initial public offering in 2015. The company serves a global customer base that spans small teams to large enterprises across technology, financial services, government and other sectors.

Atlassian’s product portfolio centers on tools designed to help teams plan, build and support software and business processes.