Atlassian Corporation PLC $TEAM Shares Acquired by Allworth Financial LP

Allworth Financial LP increased its position in Atlassian Corporation PLC (NASDAQ:TEAM) by 68.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 2,600 shares of the technology company’s stock after purchasing an additional 1,059 shares during the period. Allworth Financial LP’s holdings in Atlassian were worth $528,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Smithfield Trust Co lifted its stake in Atlassian by 90.7% in the first 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 last quarter. Geneos Wealth Management Inc. increased its holdings 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 acquiring an additional 161 shares during the period. State of Wyoming raised its position in 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 purchasing an additional 47 shares during the last quarter. First Horizon Advisors Inc. raised its position in Atlassian by 40.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 374 shares of the technology company’s stock valued at $76,000 after purchasing an additional 107 shares during the last quarter. Finally, Banque Transatlantique SA acquired a new stake in Atlassian during the 1st quarter worth $77,000. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Insider Buying and Selling at Atlassian

In other news, Director Scott Farquhar sold 7,665 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $171.13, for a total value of $1,311,711.45. Following the completion of the transaction, the director owned 168,630 shares in the company, valued at $28,857,651.90. This trade represents a 4.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $171.13, for a total transaction of $1,311,711.45. Following the completion of the sale, the chief executive officer owned 168,630 shares of the company’s stock, valued at $28,857,651.90. This trade represents a 4.35% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders acquired 4,497 shares of company stock valued at $742,375 and sold 551,880 shares valued at $90,337,237. Corporate insiders own 36.66% of the company’s stock.

Atlassian Price Performance

Shares of NASDAQ:TEAM opened at $151.79 on Friday. Atlassian Corporation PLC has a 52 week low of $144.32 and a 52 week high of $326.00. The company has a 50-day moving average price of $161.52 and a 200 day moving average price of $184.15. The company has a market cap of $39.94 billion, a P/E ratio of -213.79, a PEG ratio of 36.00 and a beta of 0.95. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.72.

Atlassian (NASDAQ:TEAM) last issued 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. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. Atlassian had a negative return on equity of 7.11% and a negative net margin of 3.38%.The company’s revenue for the quarter was up 20.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.77 EPS. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Research analysts predict that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on TEAM. Citigroup restated a “buy” rating on shares of Atlassian in a research note on Wednesday, October 22nd. Raymond James Financial lowered their price target on Atlassian from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. BMO Capital Markets upped their price objective on Atlassian from $190.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $240.00 price objective on shares of Atlassian in a research report on Friday, October 31st. Finally, Barclays lowered their target price on Atlassian from $244.00 to $215.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $239.44.

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.