Bokf Na Increases Stake in Atlassian Co. by 170.1% in Q4
June 18, 2023
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Atlassian ($NASDAQ:TEAM) Co. is a technology company that produces software solutions designed to help teams collaborate and work more efficiently. In the fourth quarter, Bokf Na significantly increased its shareholding in Atlassian Co. to 170.1%, as per the most recent filing with the Securities and Exchange Commission. This significant increase in stake indicates that Bokf Na has great confidence in the company and its ability to continue to provide innovative and reliable software solutions in the future.
This strategic partnership between the two companies is likely to bring even more success and growth opportunities for Atlassian Co. in the years to come. With this increased stake, Bokf Na will have the opportunity to help shape the company’s long-term vision and strategy, and both parties stand to benefit from this partnership.
Analysis
At GoodWhale, we recently conducted an analysis of ATLASSIAN CORP‘s fundamentals. Our Risk Rating system assigns risk levels to investments based on their financial and business aspects. After a thorough review, we are pleased to report that ATLASSIAN CORP is a medium risk investment. That being said, we did detect two risk warnings in ATLASSIAN CORP’s income sheet and financial journal. If you are interested in learning more about these warnings, we encourage you to become a registered user within the GoodWhale platform. Our comprehensive reports will give you more in-depth insight into the potential risks associated with investing in ATLASSIAN CORP. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Atlassian Corp. More…
| Total Revenues | Net Income | Net Margin |
| 3.36k | -533.27 | -8.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Atlassian Corp. More…
| Operations | Investing | Financing |
| 825.73 | -1.58 | -41.49 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Atlassian Corp. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.84k | 3.26k | 2.25 |
Key Ratios Snapshot
Some of the financial key ratios for Atlassian Corp are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 30.3% | – | -9.1% |
| FCF Margin | ROE | ROA |
| 23.2% | -33.0% | -5.0% |
Peers
Atlassian Corporation PLC, Microsoft Corp, DocuSign Inc, and Salesforce Inc are all vying for a spot in the top software company. While Atlassian Corporation PLC may be the current leader, the competition is fierce and any of the companies could take the top spot. All four companies offer a variety of software products and services that are essential for businesses of all sizes. The products and services offered by these companies help businesses to run more efficiently and connect with customers.
– Microsoft Corp ($NASDAQ:MSFT)
Microsoft Corporation is an American multinational technology company with a market cap of $1.76 trillion and a return on equity of 45.3%. The company develops, manufactures, licenses, supports, and sells computer software, consumer electronics, personal computers, and related services. Its best known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers.
– DocuSign Inc ($NASDAQ:DOCU)
DocuSign Inc. is an American company that provides electronic signature technology and digital transaction management services for facilitating electronic exchanges of contracts and other documents. The company has a market capitalization of $9.35 billion as of May 2021 and a negative return on equity of 15.28%. DocuSign’s revenue for the fiscal year 2020 was $1.1 billion, an increase of 47% from the previous fiscal year. The company’s primary competitors include Adobe Sign, HelloSign, and eSignLive.
– Salesforce Inc ($NYSE:CRM)
Salesforce Inc.’s market cap as of 2022 is 153.67B. The company’s ROE for the same year is 0.08%. Salesforce Inc. is a cloud-based software company that provides customer relationship management (CRM) and enterprise cloud computing services.
Summary
Investors have been bullish on Atlassian Corp. during the fourth quarter, as Bokf Na significantly increased its stake in the company by 170.1%. Analysts are also optimistic on the company’s prospects, citing its strong product portfolio, solid customer satisfaction ratings, and strong competitive positioning in the collaboration software market. Going forward, investors should watch Atlassian Corp. for further developments in its product lineup and for any potential movements in the stock price.
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