Atlassian (TEAM) Receives a Hold from Raymond James

In a report released yesterday, Adam Tindle from Raymond James maintained a Hold rating on Atlassian (TEAMResearch Report). The company’s shares closed yesterday at $182.41.

According to TipRanks, Tindle is a 3-star analyst with an average return of 2.9% and a 46.61% success rate. Tindle covers the Technology sector, focusing on stocks such as Netgear, Palo Alto Networks, and ScanSource.

In addition to Raymond James, Atlassian also received a Hold from JMP Securities’s Patrick Walravens in a report issued today. However, on the same day, Morgan Stanley maintained a Buy rating on Atlassian (NASDAQ: TEAM).

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The company has a one-year high of $352.92 and a one-year low of $113.86. Currently, Atlassian has an average volume of 3.65M.

Based on the recent corporate insider activity of 361 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TEAM in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Founded in 2002, Atlassian Corporation Plc is an Australian software company that develops products for software developers and project managers. Its products include JIRA, Confluence, Trello, Bitbucket, Jira Service Deak, Jira Align, Atlassian Access, Crowd, Crucible, Fisheye, Jira Portfolio, Sourcetree, Bamboo, Opsgenie, and Statuspage.

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