AE Wealth Management LLC Has $1.15 Million Holdings in Atlassian Corporation PLC $TEAM

AE Wealth Management LLC cut its position in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 8.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,670 shares of the technology company’s stock after selling 538 shares during the period. AE Wealth Management LLC’s holdings in Atlassian were worth $1,152,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TEAM. Nuveen LLC bought a new stake in Atlassian in the 1st quarter valued at $327,665,000. AQR Capital Management LLC boosted its position in shares of Atlassian by 145.6% during the 1st quarter. AQR Capital Management LLC now owns 1,715,287 shares of the technology company’s stock valued at $354,858,000 after acquiring an additional 1,016,902 shares in the last quarter. Vanguard Group Inc. increased its stake in Atlassian by 3.5% in the first quarter. Vanguard Group Inc. now owns 16,993,537 shares of the technology company’s stock valued at $3,606,198,000 after acquiring an additional 580,583 shares during the period. Baillie Gifford & Co. increased its stake in Atlassian by 7.1% in the first quarter. Baillie Gifford & Co. now owns 8,694,755 shares of the technology company’s stock valued at $1,845,114,000 after acquiring an additional 573,696 shares during the period. Finally, Nordea Investment Management AB raised its position in Atlassian by 1,169.0% in the second quarter. Nordea Investment Management AB now owns 600,149 shares of the technology company’s stock worth $121,998,000 after purchasing an additional 552,856 shares in the last quarter. 94.45% of the stock is owned by institutional investors.

Atlassian Trading Down 1.3%

TEAM stock opened at $155.50 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market capitalization of $40.91 billion, a price-to-earnings ratio of -219.01, a P/E/G ratio of 37.36 and a beta of 0.95. The business has a fifty day moving average price of $162.26 and a 200 day moving average price of $185.23. Atlassian Corporation PLC has a fifty-two week low of $144.32 and a fifty-two week high of $326.00.

Atlassian (NASDAQ:TEAM) last announced its earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.21. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.11%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period in the prior year, the business earned $0.77 earnings per share. Atlassian’s quarterly revenue was up 20.6% on a year-over-year basis. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Analysts expect that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Insider Buying and Selling at Atlassian

In related news, CEO Michael Cannon-Brookes sold 7,665 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $171.13, for a total value of $1,311,711.45. Following the transaction, the chief executive officer owned 168,630 shares in the company, valued at $28,857,651.90. This trade represents a 4.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $171.13, for a total value of $1,311,711.45. Following the completion of the sale, the director owned 168,630 shares of the company’s stock, valued at approximately $28,857,651.90. The trade was a 4.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have acquired 4,497 shares of company stock worth $742,375 and have sold 536,550 shares worth $87,979,943. 36.66% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TEAM shares. Bank of America began coverage on Atlassian in a report on Tuesday, September 23rd. They set a “neutral” rating and a $200.00 price objective on the stock. Barclays cut their target price on Atlassian from $244.00 to $215.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Wells Fargo & Company initiated coverage on Atlassian in a research report on Tuesday, September 30th. They issued an “overweight” rating and a $216.00 price target on the stock. Sanford C. Bernstein dropped their price objective on Atlassian from $296.00 to $290.00 and set an “outperform” rating for the company in a research note on Friday, October 31st. Finally, Zacks Research upgraded shares of Atlassian from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Atlassian presently has a consensus rating of “Moderate Buy” and an average target price of $239.44.

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.