MassMutual Private Wealth & Trust FSB Decreases Stake in Atlassian Corporation PLC $TEAM

MassMutual Private Wealth & Trust FSB decreased its stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 30.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 170 shares of the technology company’s stock after selling 73 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Atlassian were worth $35,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. State of Wyoming lifted its position in shares of Atlassian by 20.3% during the first quarter. State of Wyoming now owns 278 shares of the technology company’s stock worth $59,000 after purchasing an additional 47 shares during the last quarter. First Citizens Bank & Trust Co. lifted its position in shares of Atlassian by 4.7% during the first quarter. First Citizens Bank & Trust Co. now owns 1,192 shares of the technology company’s stock worth $253,000 after purchasing an additional 54 shares during the last quarter. First Horizon Advisors Inc. lifted its position in shares of Atlassian by 25.9% during the first quarter. First Horizon Advisors Inc. now owns 267 shares of the technology company’s stock worth $57,000 after purchasing an additional 55 shares during the last quarter. Fulton Bank N.A. lifted its position in shares of Atlassian by 3.1% during the first quarter. Fulton Bank N.A. now owns 1,892 shares of the technology company’s stock worth $402,000 after purchasing an additional 57 shares during the last quarter. Finally, Yousif Capital Management LLC lifted its position in shares of Atlassian by 2.9% during the first quarter. Yousif Capital Management LLC now owns 2,063 shares of the technology company’s stock worth $438,000 after purchasing an additional 58 shares during the last quarter. Institutional investors own 94.45% of the company’s stock.

Wall Street Analysts Forecast Growth

TEAM has been the topic of several research analyst reports. Barclays reduced their price target on shares of Atlassian from $244.00 to $215.00 and set an “overweight” rating on the stock in a research report on Friday, August 8th. Capital One Financial cut shares of Atlassian from an “overweight” rating to an “equal weight” rating and set a $211.00 price target on the stock. in a research report on Wednesday, July 16th. KeyCorp dropped their price objective on shares of Atlassian from $275.00 to $250.00 and set an “overweight” rating on the stock in a research note on Thursday, July 17th. Guggenheim started coverage on shares of Atlassian in a research note on Thursday, September 11th. They set a “buy” rating and a $225.00 price objective on the stock. Finally, Truist Financial set a $230.00 price objective on shares of Atlassian in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Atlassian currently has an average rating of “Moderate Buy” and an average target price of $255.45.

Insider Buying and Selling

In related news, CEO Michael Cannon-Brookes sold 7,665 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $173.56, for a total transaction of $1,330,337.40. Following the completion of the sale, the chief executive officer directly owned 61,320 shares in the company, valued at approximately $10,642,699.20. This trade represents a 11.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Scott Farquhar sold 7,665 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $173.56, for a total transaction of $1,330,337.40. Following the sale, the director owned 61,320 shares of the company’s stock, valued at $10,642,699.20. The trade was a 11.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 520,948 shares of company stock valued at $96,643,160 over the last 90 days. 38.55% of the stock is currently owned by insiders.

Atlassian Price Performance

NASDAQ TEAM opened at $169.05 on Monday. Atlassian Corporation PLC has a 12 month low of $155.37 and a 12 month high of $326.00. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market capitalization of $44.35 billion, a PE ratio of -170.76 and a beta of 0.95. The company’s 50 day simple moving average is $178.63 and its 200 day simple moving average is $199.53.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.36 billion. Atlassian had a negative net margin of 4.92% and a negative return on equity of 14.77%. The business’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter last year, the business earned $0.66 earnings per share. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, equities research analysts forecast that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Atlassian Company Profile

Atlassian Corporation, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its product portfolio includes Jira Software and Jira Work Management, a project management system that connects technical and business teams so they can better plan, organize, track and manage their work and projects; Confluence, a connected workspace that organizes knowledge across all teams to move work forward; and Trello, a collaboration and organization product that captures and adds structure to fluid and fast-forming work for teams.