Atlassian Corporation PLC $TEAM Stock Holdings Lifted by Caerus Investment Advisors LLC

Caerus Investment Advisors LLC raised its position in Atlassian Corporation PLC (NASDAQ:TEAM) by 275.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,623 shares of the technology company’s stock after purchasing an additional 7,791 shares during the quarter. Atlassian makes up approximately 0.6% of Caerus Investment Advisors LLC’s holdings, making the stock its 26th biggest position. Caerus Investment Advisors LLC’s holdings in Atlassian were worth $1,722,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NewEdge Advisors LLC boosted its stake in shares of Atlassian by 71.6% during the 1st quarter. NewEdge Advisors LLC now owns 5,432 shares of the technology company’s stock worth $1,153,000 after acquiring an additional 2,267 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Atlassian by 39.5% during the 1st quarter. Empowered Funds LLC now owns 4,689 shares of the technology company’s stock worth $995,000 after acquiring an additional 1,328 shares in the last quarter. Focus Partners Wealth boosted its stake in shares of Atlassian by 32.6% during the 1st quarter. Focus Partners Wealth now owns 4,122 shares of the technology company’s stock worth $875,000 after acquiring an additional 1,014 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Atlassian by 447.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock worth $42,000 after acquiring an additional 161 shares in the last quarter. Finally, Sivia Capital Partners LLC boosted its stake in shares of Atlassian by 27.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,873 shares of the technology company’s stock worth $380,000 after acquiring an additional 404 shares in the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Atlassian Price Performance

NASDAQ TEAM opened at $89.20 on Friday. Atlassian Corporation PLC has a twelve month low of $56.01 and a twelve month high of $222.59. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a market capitalization of $22.64 billion, a PE ratio of -107.47, a P/E/G ratio of 5.19 and a beta of 1.07. The stock has a 50-day simple moving average of $81.07 and a 200 day simple moving average of $104.69.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings data on Thursday, April 30th. The technology company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.42. Atlassian had a positive return on equity of 6.22% and a negative net margin of 3.50%.The business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter in the previous year, the firm earned $0.97 EPS. The firm’s revenue was up 31.7% compared to the same quarter last year. Research analysts anticipate that Atlassian Corporation PLC will post 0.81 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Zacks Research upgraded Atlassian from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 6th. Wall Street Zen downgraded Atlassian from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 30th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Atlassian in a research note on Monday, April 20th. Truist Financial upped their price target on Atlassian from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Finally, UBS Group decreased their price target on Atlassian from $105.00 to $95.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $145.63.

Insider Activity

In other Atlassian news, CFO James Chuong sold 8,838 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $87.75, for a total value of $775,534.50. Following the completion of the transaction, the chief financial officer owned 288,272 shares of the company’s stock, valued at $25,295,868. This represents a 2.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Brian Duffy sold 1,986 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $87.75, for a total value of $174,271.50. Following the completion of the transaction, the executive directly owned 236,841 shares of the company’s stock, valued at approximately $20,782,797.75. This trade represents a 0.83% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 13,796 shares of company stock valued at $1,236,563 in the last three months. 36.66% of the stock is owned by insiders.

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.