Atlassian (NASDAQ:TEAM) Hits New 12-Month Low Following Insider Selling

Atlassian Corporation PLC (NASDAQ:TEAM) reached a new 52-week low on Wednesday following insider selling activity. The company traded as low as $154.56 and last traded at $154.27, with a volume of 665984 shares traded. The stock had previously closed at $159.70.

Specifically, CEO Michael Cannon-Brookes sold 7,665 shares of the firm’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $166.36, for a total value of $1,275,149.40. Following the completion of the transaction, the chief executive officer directly owned 7,665 shares of the company’s stock, valued at $1,275,149.40. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Scott Farquhar sold 7,665 shares of the firm’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $166.36, for a total value of $1,275,149.40. Following the completion of the transaction, the director directly owned 7,665 shares of the company’s stock, valued at approximately $1,275,149.40. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In related news, Director Scott Farquhar sold 7,665 shares of the firm’s stock in a transaction on Friday, September 26th. The stock was sold at an average price of $165.26, for a total value of $1,266,717.90. Following the completion of the transaction, the director directly owned 15,330 shares of the company’s stock, valued at $2,533,435.80. This trade represents a 33.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Wall Street Analyst Weigh In

TEAM has been the subject of several research reports. BMO Capital Markets reduced their target price on Atlassian from $225.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Guggenheim began coverage on Atlassian in a report on Thursday, September 11th. They set a “buy” rating and a $225.00 price objective for the company. Zacks Research raised Atlassian from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 20th. UBS Group reissued a “hold” rating on shares of Atlassian in a report on Monday, July 7th. Finally, Cantor Fitzgerald cut their price objective on Atlassian from $256.00 to $240.00 and set an “overweight” rating for the company in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $248.74.

Atlassian Price Performance

The stock has a fifty day moving average of $173.70 and a 200-day moving average of $196.59. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $39.24 billion, a P/E ratio of -151.08 and a beta of 0.92.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Praxis Investment Management Inc. increased its position in Atlassian by 188.3% in the third quarter. Praxis Investment Management Inc. now owns 4,700 shares of the technology company’s stock worth $751,000 after purchasing an additional 3,070 shares during the period. Corient Private Wealth LLC increased its position in Atlassian by 1.0% in the second quarter. Corient Private Wealth LLC now owns 11,899 shares of the technology company’s stock worth $2,417,000 after purchasing an additional 116 shares during the period. Osaic Holdings Inc. increased its position in Atlassian by 12.8% in the second quarter. Osaic Holdings Inc. now owns 8,082 shares of the technology company’s stock worth $1,641,000 after purchasing an additional 916 shares during the period. Orion Porfolio Solutions LLC increased its position in Atlassian by 27.2% in the second quarter. Orion Porfolio Solutions LLC now owns 4,460 shares of the technology company’s stock worth $906,000 after purchasing an additional 953 shares during the period. Finally, Stance Capital LLC acquired a new stake in Atlassian in the second quarter worth about $1,329,000. 94.45% of the stock is owned by institutional investors.

About Atlassian

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.