Atlassian Corporation PLC $TEAM Stock Holdings Increased by Blueshift Asset Management LLC

Blueshift Asset Management LLC lifted its holdings in Atlassian Corporation PLC (NASDAQ:TEAM) by 189.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,496 shares of the technology company’s stock after purchasing an additional 6,872 shares during the quarter. Atlassian accounts for approximately 0.7% of Blueshift Asset Management LLC’s holdings, making the stock its 17th largest position. Blueshift Asset Management LLC’s holdings in Atlassian were worth $2,132,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capco Asset Management LLC bought a new position in Atlassian in the 2nd quarter valued at about $25,000. Smithfield Trust Co lifted 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 worth $34,000 after acquiring an additional 78 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Atlassian by 447.2% in the first 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 in the last quarter. State of Wyoming increased its stake in shares of Atlassian by 20.3% during the first quarter. State of Wyoming now owns 278 shares of the technology company’s stock valued at $59,000 after acquiring an additional 47 shares during the period. Finally, Virtus Advisers LLC bought a new stake in Atlassian during the second quarter worth approximately $61,000. 94.45% of the stock is currently owned by institutional investors.

Atlassian Trading Up 1.4%

NASDAQ TEAM opened at $151.58 on Tuesday. The firm’s 50 day moving average price is $155.84 and its two-hundred day moving average price is $178.57. The stock has a market cap of $39.88 billion, a price-to-earnings ratio of -213.49, a PEG ratio of 28.20 and a beta of 0.89. Atlassian Corporation PLC has a twelve month low of $139.70 and a twelve month high of $326.00. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.26 and a current ratio of 1.26.

Atlassian (NASDAQ:TEAM) last issued its earnings results on Thursday, October 30th. The technology company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.83 by $0.21. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Atlassian had a negative return on equity of 7.11% and a negative net margin of 3.38%.Atlassian’s revenue was up 20.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.77 earnings per share. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Equities analysts anticipate that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Insider Buying and Selling at Atlassian

In other Atlassian news, President Anutthara Bharadwaj sold 9,847 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $152.46, for a total value of $1,501,273.62. Following the transaction, the president owned 242,092 shares in the company, valued at approximately $36,909,346.32. This represents a 3.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Scott Farquhar sold 7,665 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $175.17, for a total transaction of $1,342,678.05. Following the completion of the sale, the director owned 91,980 shares of the company’s stock, valued at approximately $16,112,136.60. The trade was a 7.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 596,511 shares of company stock valued at $95,225,961 in the last 90 days. 36.66% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

TEAM has been the subject of a number of research reports. Raymond James Financial decreased their price target on Atlassian from $300.00 to $250.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. KeyCorp decreased their target price on Atlassian from $250.00 to $210.00 and set an “overweight” rating for the company in a research note on Thursday, October 23rd. Sanford C. Bernstein boosted their price target on shares of Atlassian from $290.00 to $304.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 18th. Citigroup restated a “buy” rating on shares of Atlassian in a research report on Wednesday, October 22nd. Finally, Zacks Research raised 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 assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $240.00.

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.