The Vanguard Group, Inc. has recently announced that it has increased stake in Atlassian Corporation (NASDAQ:TEAM) by 0.75%. After grabbing 14.52 million shares, the institutional investor is now in possession of 0.11 million shares of the Technology Company. The new investment brought the stake of investor firm to 9.37% having worth around $2.77 billion. Moreover, Artisan Partners LP increased its share by 63903.0 to have a control over 6.05 million shares. And SSgA Funds Management, Inc. raised its holdings to 88236.0 shares by acquiring 3.14 million shares or 2.03% of the stake.
Atlassian Corporation (TEAM) concluded trading on 12/21/23 at a closing price of $245.03, with 1.7 million shares of worth about $416.09 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 50.87% during that period and on Thursday the price saw a gain of about 3.13%. Currently the company’s common shares owned by public are about 259.10M shares, out of which, 153.65M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 3308 times over the past 12 months. They bought 4,425,324 shares in 15 of the transactions. In 3,293 selling transactions, insiders dumped 3,969,207 shares.
Vanguard Total Stock Market ETF, Vanguard Mid Cap Index Fund, and Hanwha Arirang NASDAQ Tech are the top 3 mutual funds which are holding stakes in Atlassian Corporation Vanguard Total Stock Market ETF is currently holding 4.8 million shares of worth totaling $916.14 million. The company recently came buying 20474.0 shares which brought its stake up to 3.10% of the company’s outstanding shares. Vanguard Mid Cap Index Fund bought 9170.0 shares, after which its hold over company’s outstanding shares expand to 2.25%, leaving 3.48 million shares with the mutual fund that have a worth of about $664.8 million. Hanwha Arirang NASDAQ Tech, after buying 3.35 million shares, have now control over 2.16% of the stake in the company. It holds 3.35 million shares of worth $639.36 million.
Atlassian Corporation (NASDAQ: TEAM) started trading at $240.00, above $2.4 from concluding price of the previous day. However, the stock later moved at a day high price of 245.33, or with a gain of 3.13%. Stock saw a price change of 10.41% in past 5 days and over the past one month there was a price change of 32.40%. Year-to-date (YTD), TEAM shares are showing a performance of 90.42% which increased to 77.53% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $116.40 but also hit the highest price of $238.90 during that period. The average intraday trading volume for Atlassian Corporation shares is 1.56 million. The stock is currently trading 21.51% above its 20-day simple moving average (SMA20), while that difference is up 28.39% for SMA50 and it goes to 37.43% higher than SMA200.
The Vanguard Group, Inc. acquired 14.52 million shares of Atlassian Corporation having value of about $2.77 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.11 million shares in the company valued at close to $26388015.79, or have control over 0.75% stake in the company. Atlassian Corporation (NASDAQ: TEAM) currently have 259.10M outstanding shares and institutions hold larger chunk of about 52.60% of that. Holding of mutual funds in the company is about 39.40% while other institutional holders and individual stake holders have control over 49.58% and 0.97% of the stake respectively.
The stock has a current market capitalization of $63.49B and its 3Y-monthly beta is at 0.70. It has posted earnings per share of -$1.97 in the same period. It has Quick Ratio of 1.42 while making debt-to-equity ratio of 1.64. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TEAM, volatility over the week remained 2.96% while standing at 3.62% over the month.
Analysts are in expectations that Atlassian Corporation (TEAM) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to rise by 24.74% while it is estimated to increase by 24.53% in next year.
Analysts at 30 brokerage firms have issued recommendations for the Atlassian Corporation (TEAM)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 30 Wall Street analysts, 13 recommended a “Buy” rating, while 13 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by CapitalOne on December 18, 2023 offering an Equal weight rating for the stock and assigned a target price of $238 to it.
