This afternoon we watched Atlassian drop -16.3% to a price of $145.0 per share. The Large-Cap Software company is now trading -37.13% below its average target price of $230.65. Analysts have set target prices ranging from $180.0 to $300.0 per share for Atlassian, and have given the stock an average rating of buy.
Atlassian's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.4%. The stock's short ratio is 2.41. The company's insiders own 0.27% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 92.2%. In conclusion, we believe there is mixed market sentiment regarding Atlassian.
Institutions Invested in Atlassian
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Vanguard Group Inc | 10% | 15,577,302 | $2,258,708,790 |
| 2024-03-31 | Price (T.Rowe) Associates Inc | 7% | 11,141,645 | $1,615,538,525 |
| 2024-03-31 | Blackrock Inc. | 6% | 9,197,995 | $1,333,709,275 |
| 2024-06-30 | Baillie Gifford and Company | 5% | 8,435,585 | $1,223,159,825 |
| 2024-06-30 | WCM Investment Management, LLC | 5% | 7,472,043 | $1,083,446,235 |
| 2024-03-31 | Artisan Partners Limited Partnership | 3% | 5,052,671 | $732,637,295 |
| 2024-03-31 | Sands Capital Management, LLC | 3% | 4,210,974 | $610,591,230 |
| 2024-03-31 | Brown Advisory Inc. | 2% | 3,920,849 | $568,523,105 |
| 2024-03-31 | State Street Corporation | 2% | 3,466,262 | $502,607,990 |
| 2024-03-31 | JP Morgan Chase & Company | 2% | 2,596,938 | $376,556,010 |
