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JPMorgan boosts investment in Atlassian despite the company reporting negative financial metrics.
JPMorgan Chase & Co. significantly increased its investment in Atlassian Co. (NASDAQ:TEAM), purchasing an additional 1.8 million shares in the fourth quarter, bringing their total holdings to over $1 billion.
Atlassian's CEO and CAO have also sold shares recently.
Despite these investments, Atlassian reported negative financial metrics in its latest quarter, with a return on equity of -17.37% and a net margin of -7.22%.
The company's market capitalization is now $57.11 billion.
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JPMorgan impulsa la inversión en Atlassian a pesar de que la compañía reportó métricas financieras negativas.