Catalyst Private Wealth LLC Sells 65 Shares of Atlassian Co. (NASDAQ:TEAM)

Catalyst Private Wealth LLC lessened its holdings in Atlassian Co. (NASDAQ:TEAM) by 0.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 239,972 shares of the technology company’s stock after selling 65 shares during the period. Atlassian comprises approximately 26.0% of Catalyst Private Wealth LLC’s portfolio, making the stock its biggest position. Catalyst Private Wealth LLC owned about 0.09% of Atlassian worth $58,404,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of Atlassian by 22.9% during the 4th quarter. GAMMA Investing LLC now owns 290 shares of the technology company’s stock worth $71,000 after purchasing an additional 54 shares in the last quarter. Legacy Wealth Asset Management LLC raised its position in Atlassian by 2.1% during the third quarter. Legacy Wealth Asset Management LLC now owns 3,428 shares of the technology company’s stock valued at $544,000 after acquiring an additional 70 shares in the last quarter. Brown Brothers Harriman & Co. lifted its stake in Atlassian by 23.2% in the third quarter. Brown Brothers Harriman & Co. now owns 436 shares of the technology company’s stock valued at $69,000 after acquiring an additional 82 shares during the last quarter. Commerce Bank grew its position in Atlassian by 1.8% in the third quarter. Commerce Bank now owns 4,966 shares of the technology company’s stock worth $789,000 after acquiring an additional 90 shares in the last quarter. Finally, Signaturefd LLC increased its stake in shares of Atlassian by 4.8% during the 3rd quarter. Signaturefd LLC now owns 2,411 shares of the technology company’s stock worth $383,000 after purchasing an additional 111 shares during the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Atlassian Trading Down 2.5 %

Atlassian stock traded down $6.15 during mid-day trading on Monday, hitting $236.24. The stock had a trading volume of 1,091,569 shares, compared to its average volume of 1,850,432. The stock has a market capitalization of $61.52 billion, a PE ratio of -155.42 and a beta of 0.83. Atlassian Co. has a 12 month low of $135.29 and a 12 month high of $287.97. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.96. The stock has a 50-day simple moving average of $254.33 and a two-hundred day simple moving average of $199.79.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings results on Thursday, October 31st. The technology company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.13. Atlassian had a negative net margin of 8.59% and a negative return on equity of 23.35%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the firm posted ($0.07) earnings per share. Atlassian’s revenue for the quarter was up 21.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Atlassian Co. will post -0.54 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on TEAM shares. Oppenheimer upped their price objective on shares of Atlassian from $270.00 to $300.00 and gave the stock an “outperform” rating in a report on Monday, January 6th. Morgan Stanley increased their price objective on Atlassian from $216.00 to $224.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Macquarie initiated coverage on Atlassian in a research report on Thursday, December 12th. They set a “neutral” rating and a $290.00 target price for the company. BMO Capital Markets upgraded shares of Atlassian from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $255.00 to $292.00 in a research note on Friday. Finally, Mizuho lifted their target price on shares of Atlassian from $240.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $266.10.

Insider Activity at Atlassian

In other news, CEO Michael Cannon-Brookes sold 7,948 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $192.16, for a total value of $1,527,287.68. Following the completion of the transaction, the chief executive officer now owns 397,400 shares in the company, valued at $76,364,384. This represents a 1.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Anutthara Bharadwaj sold 760 shares of the firm’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $188.79, for a total transaction of $143,480.40. Following the sale, the president now owns 228,996 shares in the company, valued at approximately $43,232,154.84. The trade was a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 255,532 shares of company stock worth $60,838,451 in the last ninety days. Company insiders own 38.55% of the company’s stock.

Atlassian Profile

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.