Atlassian Corporation Plc – Cla (NASDAQ:TEAM) Stock Closed 30.8% Above Its 50 Day Average


Company shares are trading at $49.00 which is quite a bit above the 50 day moving average of $37.45 and which is significantly above the 200 day moving average of $35.80. The 50 day moving average was up $11.55 whereas the 200 day average was up by +36.88%. Trading volume for Atlassian Corporation Plc – Cla was 7,227K by the end of trading on Tuesday. Volume was up 871.52% over the stocks average daily volume.

Traders are more bearish on shares of the company considering the change in short interest. The firm had a rise in short interest between September 15, 2017 and September 29, 2017 of 23.02%. Short interest increased 839,896 over that period. With short interest at 4,487,797 and short average daily volume at 561,601, the short-interest ratio is 8.0 and the percentage of shorted shares is 0.02% as of September 29.

These firms have modified their investment in TEAM. As of the end of the quarter Cutler Group LP had sold a total of 503 shares trimming its position 71.9%. The value in dollars went from $0 to $6,000 a change of inf% for the reporting period. As of quarter end Bank Of Montreal /can/ had acquired 58 shares growing its stake by 27.9%. The value of the investment in TEAM increased from $7,000 to $9,000 a change of $2,000 quarter to quarter.

As of quarter end Glynn Capital Management LLC had bought a total of 25,606 shares growing its holdings by 5.3%. The value of the investment in (TEAM) increased from $17,128,000 to $18,013,000 increasing 5.2% since the last quarter. Baillie Gifford & Co augmented its stake by buying 746,425 shares an increase of 182.8% from 06/30/2017 to 09/30/2017. Baillie Gifford & Co controls 1,154,705 shares valued at $40,588,000. The value of the position overall is up by 182.6%.

On July 25, 2017 the stock rating was changed to “Overweight” in a report from Morgan Stanley which is up from the previous “Equal-weight” rating.

Atlassian Corporation Plc, launched on November 14, 2013, is a holding company. The Company offers a range of team collaboration products. The Company offers products, including JIRA, Confluence, HipChat, Bitbucket and JIRA Service Desk, for software developers, information technology (IT) managers and knowledge workers. The Company offers JIRA for team planning and project management; Confluence for team content creation and sharing; HipChat for team real-time messaging and communications; Bitbucket for team code sharing and management, and JIRA Service Desk for team service and support applications. The Company also offers additional tools for software developers, such as FishEye, Clover, Crowd, Crucible, Bamboo and SourceTree. The Company conducts its business through its subsidiaries, including Atlassian Pty Ltd and Atlassian, Inc..