This afternoon we watched Atlassian drop -5.5% to a price of $156.01 per share. The Large-Cap Software company is now trading -24.77% below its average target price of $207.38. Analysts have set target prices ranging from $160.0 to $250.0 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 1.6%. The stock's short ratio is 1.08. The company's insiders own 0.28% 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 91.7%. In conclusion, we believe there is positive market sentiment regarding Atlassian.
Institutions Invested in Atlassian
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Vanguard Group Inc | 10% | 15,969,616 | $2,491,499,630 |
| 2024-06-30 | Blackrock Inc. | 7% | 10,756,678 | $1,678,203,111 |
| 2024-06-30 | Price (T.Rowe) Associates Inc | 6% | 9,268,102 | $1,445,962,927 |
| 2024-06-30 | Baillie Gifford and Company | 5% | 8,435,585 | $1,316,077,788 |
| 2024-06-30 | WCM Investment Management, LLC | 5% | 7,472,043 | $1,165,750,784 |
| 2024-06-30 | Artisan Partners Limited Partnership | 3% | 4,334,813 | $676,295,847 |
| 2024-06-30 | Sands Capital Management, LLC | 3% | 4,262,719 | $665,048,102 |
| 2024-06-30 | Brown Advisory Inc. | 3% | 4,080,729 | $636,654,932 |
| 2024-06-30 | State Street Corporation | 2% | 3,551,424 | $554,075,413 |
| 2024-06-30 | Dragoneer Investment Group, LLC | 2% | 2,656,057 | $414,384,731 |
