Fifth Third Bancorp Has $107,000 Stake in Atlassian Corporation PLC $TEAM

Fifth Third Bancorp decreased its position in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 18.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 525 shares of the technology company’s stock after selling 122 shares during the period. Fifth Third Bancorp’s holdings in Atlassian were worth $107,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Clean Yield Group raised its position in Atlassian by 372.0% in the 1st quarter. Clean Yield Group now owns 118 shares of the technology company’s stock worth $25,000 after purchasing an additional 93 shares during the last quarter. Smithfield Trust Co increased its stake in shares of Atlassian by 90.7% in the 1st quarter. Smithfield Trust Co now owns 164 shares of the technology company’s stock valued at $34,000 after buying an additional 78 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Atlassian by 447.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock valued at $42,000 after buying an additional 161 shares during the period. First Horizon Advisors Inc. increased its stake in shares of Atlassian by 25.9% in the 1st quarter. First Horizon Advisors Inc. now owns 267 shares of the technology company’s stock valued at $57,000 after buying an additional 55 shares during the period. Finally, State of Wyoming increased its stake in shares of Atlassian by 20.3% in the 1st quarter. State of Wyoming now owns 278 shares of the technology company’s stock valued at $59,000 after buying an additional 47 shares during the period. Institutional investors and hedge funds own 94.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Canaccord Genuity Group lowered their target price on Atlassian from $255.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, August 8th. Wall Street Zen raised Atlassian from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Barclays lowered their target price on Atlassian from $244.00 to $215.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. Zacks Research raised shares of Atlassian from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 20th. Finally, Truist Financial set a $230.00 price objective on shares of Atlassian in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $248.74.

Insider Transactions at Atlassian

In other news, Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $189.37, for a total transaction of $1,451,521.05. Following the transaction, the director directly owned 406,245 shares of the company’s stock, valued at $76,930,615.65. This trade represents a 1.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Anutthara Bharadwaj sold 7,728 shares of Atlassian stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $163.43, for a total transaction of $1,262,987.04. Following the transaction, the president directly owned 182,801 shares in the company, valued at approximately $29,875,167.43. This represents a 4.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 536,278 shares of company stock valued at $96,884,301 over the last three months. 38.55% of the stock is currently owned by corporate insiders.

Atlassian Trading Down 6.3%

Shares of NASDAQ TEAM opened at $149.57 on Thursday. The company’s fifty day moving average is $173.70 and its 200-day moving average is $196.59. The stock has a market cap of $39.24 billion, a price-to-earnings ratio of -151.08 and a beta of 0.92. Atlassian Corporation PLC has a twelve month low of $149.06 and a twelve month high of $326.00. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.73.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings results on Thursday, August 7th. The technology company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 22.3% compared to the same quarter last year. During the same period last year, the firm posted $0.66 earnings per share. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Equities research analysts predict that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Atlassian 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.