Toronto Dominion Bank Has $3.13 Million Stock Position in Atlassian Co. (NASDAQ:TEAM)

Toronto Dominion Bank lessened its holdings in Atlassian Co. (NASDAQ:TEAM) by 29.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,037 shares of the technology company’s stock after selling 6,808 shares during the period. Toronto Dominion Bank’s holdings in Atlassian were worth $3,129,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Graypoint LLC lifted its position in shares of Atlassian by 2.4% in the fourth quarter. Graypoint LLC now owns 1,784 shares of the technology company’s stock worth $424,000 after buying an additional 42 shares during the last quarter. First Trust Direct Indexing L.P. raised its stake in shares of Atlassian by 1.5% in the 1st quarter. First Trust Direct Indexing L.P. now owns 3,693 shares of the technology company’s stock valued at $721,000 after acquiring an additional 55 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Atlassian by 5.7% in the 4th quarter. UMB Bank n.a. now owns 1,041 shares of the technology company’s stock valued at $248,000 after acquiring an additional 56 shares in the last quarter. Park National Corp OH lifted its holdings in Atlassian by 4.0% in the 1st quarter. Park National Corp OH now owns 1,497 shares of the technology company’s stock worth $292,000 after purchasing an additional 58 shares during the last quarter. Finally, Atria Wealth Solutions Inc. boosted its position in Atlassian by 3.2% during the fourth quarter. Atria Wealth Solutions Inc. now owns 1,885 shares of the technology company’s stock worth $448,000 after purchasing an additional 59 shares during the period. 93.03% of the stock is currently owned by institutional investors.

Insider Activity at Atlassian

In other Atlassian news, President Anutthara Bharadwaj sold 4,856 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $184.26, for a total transaction of $894,766.56. Following the completion of the transaction, the president now directly owns 156,994 shares in the company, valued at $28,927,714.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Atlassian news, President Anutthara Bharadwaj sold 4,856 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $184.26, for a total transaction of $894,766.56. Following the sale, the president now directly owns 156,994 shares of the company’s stock, valued at $28,927,714.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Scott Farquhar sold 7,948 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $153.84, for a total value of $1,222,720.32. Following the completion of the transaction, the chief executive officer now directly owns 55,636 shares in the company, valued at $8,559,042.24. The disclosure for this sale can be found here. Insiders have sold a total of 276,164 shares of company stock valued at $47,848,092 in the last 90 days. 40.48% of the stock is owned by corporate insiders.

Atlassian Trading Down 0.5 %

Shares of Atlassian stock opened at $177.32 on Friday. The company’s fifty day moving average price is $170.19 and its two-hundred day moving average price is $193.91. The firm has a market capitalization of $46.16 billion, a PE ratio of -281.46 and a beta of 0.74. Atlassian Co. has a 52-week low of $152.34 and a 52-week high of $258.69. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.18 and a quick ratio of 1.18.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings data on Thursday, April 25th. The technology company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.27. Atlassian had a negative return on equity of 13.95% and a negative net margin of 3.90%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the business earned ($0.40) earnings per share. The company’s quarterly revenue was up 29.9% on a year-over-year basis. On average, analysts expect that Atlassian Co. will post -0.22 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on TEAM shares. Morgan Stanley dropped their price target on shares of Atlassian from $245.00 to $225.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 17th. Robert W. Baird cut their target price on shares of Atlassian from $270.00 to $230.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. TD Cowen decreased their price target on shares of Atlassian from $220.00 to $210.00 and set a “hold” rating for the company in a report on Friday, April 26th. Wells Fargo & Company dropped their price objective on Atlassian from $285.00 to $250.00 and set an “overweight” rating on the stock in a research note on Friday, June 21st. Finally, Mizuho decreased their target price on Atlassian from $225.00 to $220.00 and set an “outperform” rating for the company in a research note on Tuesday, July 16th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Atlassian has an average rating of “Moderate Buy” and an average target price of $228.81.

About Atlassian

Atlassian Corporation, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its product portfolio includes Jira Software and Jira Work Management, a project management system that connects technical and business teams so they can better plan, organize, track and manage their work and projects; Confluence, a connected workspace that organizes knowledge across all teams to move work forward; and Trello, a collaboration and organization product that captures and adds structure to fluid and fast-forming work for teams.