Alberta Investment Management Corp Decreases Position in Atlassian Corporation PLC $TEAM

Alberta Investment Management Corp cut its holdings in Atlassian Corporation PLC (NASDAQ:TEAM) by 81.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,000 shares of the technology company’s stock after selling 94,799 shares during the quarter. Alberta Investment Management Corp’s holdings in Atlassian were worth $4,468,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TEAM. Intech Investment Management LLC boosted its holdings in shares of Atlassian by 365.8% in the second quarter. Intech Investment Management LLC now owns 50,292 shares of the technology company’s stock worth $10,214,000 after buying an additional 39,495 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Atlassian by 0.3% during the 2nd quarter. Cetera Investment Advisers now owns 24,808 shares of the technology company’s stock valued at $5,038,000 after acquiring an additional 79 shares during the period. Creative Planning raised its holdings in Atlassian by 218.7% in the 2nd quarter. Creative Planning now owns 43,402 shares of the technology company’s stock worth $8,815,000 after purchasing an additional 29,783 shares during the period. Sustainable Growth Advisers LP lifted its position in Atlassian by 35.3% during the second quarter. Sustainable Growth Advisers LP now owns 67,970 shares of the technology company’s stock valued at $13,804,000 after purchasing an additional 17,747 shares in the last quarter. Finally, Capco Asset Management LLC purchased a new stake in Atlassian in the second quarter worth about $25,000. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

Atlassian Stock Down 0.2%

Shares of Atlassian stock opened at $151.79 on Monday. The stock has a market cap of $39.94 billion, a price-to-earnings ratio of -213.79, a PEG ratio of 36.00 and a beta of 0.95. Atlassian Corporation PLC has a 1 year low of $144.32 and a 1 year high of $326.00. 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 firm’s 50-day moving average is $161.52 and its two-hundred day moving average is $183.84.

Atlassian (NASDAQ:TEAM) last issued its quarterly 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 for 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 business’s quarterly revenue was up 20.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.77 earnings per share. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. As a group, research analysts expect that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Insider Activity at Atlassian

In related news, Director Scott Farquhar sold 7,665 shares of the stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $153.77, for a total transaction of $1,178,647.05. Following the transaction, the director owned 245,280 shares of the company’s stock, valued at approximately $37,716,705.60. This represents a 3.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Scott Belsky bought 1,476 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were purchased at an average price of $169.99 per share, for a total transaction of $250,905.24. Following the completion of the purchase, the director directly owned 4,497 shares of the company’s stock, valued at approximately $764,445.03. This trade represents a 48.86% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have purchased 4,497 shares of company stock worth $742,375 and have sold 551,880 shares worth $90,337,237. 36.66% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TEAM. UBS Group lowered their target price on shares of Atlassian from $215.00 to $185.00 and set a “neutral” rating on the stock in a research note on Friday, October 24th. BMO Capital Markets upped their price objective on Atlassian from $190.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Wells Fargo & Company started coverage on Atlassian in a research note on Tuesday, September 30th. They set an “overweight” rating and a $216.00 target price on the stock. Cowen restated a “hold” rating on shares of Atlassian in a research note on Monday, October 27th. Finally, Zacks Research upgraded shares of Atlassian from a “strong sell” rating to a “hold” rating in a research report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.