Gilder Gagnon Howe & Co. LLC grew its holdings in Atlassian Co. PLC (NASDAQ:TEAM) by 0.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,493 shares of the technology company’s stock after purchasing an additional 515 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned about 0.16% of Atlassian worth $24,021,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. L & S Advisors Inc acquired a new stake in Atlassian in the 2nd quarter valued at approximately $759,000. Delta Investment Management LLC grew its stake in shares of Atlassian by 0.8% in the third quarter. Delta Investment Management LLC now owns 17,870 shares of the technology company’s stock worth $2,241,000 after acquiring an additional 141 shares in the last quarter. Morgens Waterfall Vintiadis & Co. Inc. grew its stake in shares of Atlassian by 7.8% in the second quarter. Morgens Waterfall Vintiadis & Co. Inc. now owns 41,500 shares of the technology company’s stock worth $5,430,000 after acquiring an additional 3,000 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Atlassian by 15.2% in the second quarter. Envestnet Asset Management Inc. now owns 11,437 shares of the technology company’s stock worth $1,496,000 after acquiring an additional 1,507 shares in the last quarter. Finally, Vista Equity Partners Management LLC grew its stake in shares of Atlassian by 132.4% in the third quarter. Vista Equity Partners Management LLC now owns 183,916 shares of the technology company’s stock worth $23,070,000 after acquiring an additional 104,784 shares in the last quarter. 87.04% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ:TEAM traded up $2.54 on Thursday, reaching $122.88. The company’s stock had a trading volume of 2,044,390 shares, compared to its average volume of 1,116,786. Atlassian Co. PLC has a 52-week low of $84.29 and a 52-week high of $149.80. The stock’s 50-day moving average is $122.73 and its two-hundred day moving average is $129.29. The stock has a market capitalization of $14.98 billion, a P/E ratio of -722.82, a PEG ratio of 116.39 and a beta of 1.28.
Atlassian (NASDAQ:TEAM) last issued its quarterly earnings results on Thursday, October 17th. The technology company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. Atlassian had a negative net margin of 24.95% and a negative return on equity of 2.76%. The business had revenue of $363.40 million for the quarter, compared to analyst estimates of $351.79 million. During the same period in the previous year, the business posted $0.20 earnings per share. The business’s revenue was up 36.0% compared to the same quarter last year. On average, sell-side analysts forecast that Atlassian Co. PLC will post 0.05 earnings per share for the current year.
Several equities analysts have commented on the stock. Cowen restated a “buy” rating on shares of Atlassian in a research note on Friday, October 18th. Cleveland Research assumed coverage on shares of Atlassian in a research report on Friday, December 20th. They set a “buy” rating and a $132.00 price objective for the company. BidaskClub cut shares of Atlassian from a “buy” rating to a “hold” rating in a research report on Thursday, December 12th. Morgan Stanley set a $145.00 price objective on shares of Atlassian and gave the stock a “hold” rating in a research report on Friday, October 18th. Finally, William Blair reaffirmed a “buy” rating on shares of Atlassian in a research report on Friday, September 13th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $140.88.
Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. It provides project tracking, content creation and sharing, and service management products. The company's products include JIRA, a workflow management system that enables teams to plan, organize, track, and manage their work and projects; Confluence, a content collaboration platform that is used to create, share, organize, and discuss projects; and Trello, a Web-based project management application for capturing and adding structure to fluid, fast-forming work for teams.
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