Cwm LLC Invests $35,000 in Atlassian Co. Plc (NASDAQ:TEAM)

Cwm LLC purchased a new position in shares of Atlassian Co. Plc (NASDAQ:TEAMGet Rating) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 93 shares of the technology company’s stock, valued at approximately $35,000.

Other institutional investors have also modified their holdings of the company. Exane Derivatives boosted its stake in shares of Atlassian by 34,700.0% during the 4th quarter. Exane Derivatives now owns 696 shares of the technology company’s stock worth $265,000 after acquiring an additional 694 shares during the last quarter. United Capital Financial Advisers LLC lifted its stake in shares of Atlassian by 4.0% during the 3rd quarter. United Capital Financial Advisers LLC now owns 16,626 shares of the technology company’s stock valued at $6,508,000 after buying an additional 632 shares in the last quarter. Pendal Group Ltd lifted its stake in shares of Atlassian by 2.6% during the 4th quarter. Pendal Group Ltd now owns 343,850 shares of the technology company’s stock valued at $131,107,000 after buying an additional 8,662 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Atlassian during the 4th quarter valued at $192,265,000. Finally, MML Investors Services LLC lifted its stake in shares of Atlassian by 49.6% during the 3rd quarter. MML Investors Services LLC now owns 14,273 shares of the technology company’s stock valued at $5,587,000 after buying an additional 4,733 shares in the last quarter. Institutional investors and hedge funds own 86.08% of the company’s stock.

A number of research analysts recently weighed in on the stock. Truist Financial lowered their target price on shares of Atlassian from $400.00 to $375.00 and set a “hold” rating on the stock in a research note on Thursday, March 24th. StockNews.com assumed coverage on shares of Atlassian in a research note on Thursday, March 31st. They set a “hold” rating on the stock. BMO Capital Markets lowered their target price on shares of Atlassian from $515.00 to $382.00 in a research note on Friday, January 28th. Jefferies Financial Group reduced their price target on shares of Atlassian from $460.00 to $355.00 in a report on Thursday, January 6th. Finally, KeyCorp reduced their price target on shares of Atlassian from $442.00 to $397.00 and set an “overweight” rating on the stock in a report on Friday, April 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $405.53.

Atlassian stock opened at $245.29 on Friday. The company’s 50-day moving average price is $283.61 and its 200-day moving average price is $341.44. Atlassian Co. Plc has a twelve month low of $207.83 and a twelve month high of $483.13. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 8.08. The company has a market cap of $33.68 billion, a PE ratio of -115.70 and a beta of 0.93.

Atlassian (NASDAQ:TEAMGet Rating) last issued its quarterly earnings results on Thursday, January 27th. The technology company reported ($0.24) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.26). The firm had revenue of $688.00 million for the quarter, compared to the consensus estimate of $642.47 million. Atlassian had a negative net margin of 21.84% and a negative return on equity of 23.70%. The business’s revenue for the quarter was up 37.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.05 earnings per share. As a group, sell-side analysts expect that Atlassian Co. Plc will post -0.5 earnings per share for the current fiscal year.

About Atlassian (Get Rating)

Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its products include JIRA, a workflow management system for teams to plan, track, collaborate, and manage work, and projects; Jira Service Management, a service desk product for creating and managing service experiences for various service team providers, including IT, legal, and HR teams; Jira Align for enterprise agile planning; Opsgenie, an incident management tool that centralizes alerts and notifies right people at right time; and Statuspage for incident communication.

Further Reading

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Institutional Ownership by Quarter for Atlassian (NASDAQ:TEAM)

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