Brooklyn Investment Group Purchases 122 Shares of Atlassian Corporation PLC $TEAM

Brooklyn Investment Group boosted its stake in Atlassian Corporation PLC (NASDAQ:TEAM) by 12.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,111 shares of the technology company’s stock after purchasing an additional 122 shares during the period. Brooklyn Investment Group’s holdings in Atlassian were worth $236,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of TEAM. Clean Yield Group increased its stake 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 period. Colonial Trust Co SC increased its stake in Atlassian by 100.0% in the 4th quarter. Colonial Trust Co SC now owns 138 shares of the technology company’s stock worth $34,000 after purchasing an additional 69 shares during the period. Smithfield Trust Co increased its stake in 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 purchasing an additional 78 shares during the period. GeoWealth Management LLC increased its stake in Atlassian by 26.8% in the 4th quarter. GeoWealth Management LLC now owns 180 shares of the technology company’s stock worth $44,000 after purchasing an additional 38 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Atlassian by 82.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 243 shares of the technology company’s stock worth $52,000 after purchasing an additional 110 shares during the period. 94.45% of the stock is owned by hedge funds and other institutional investors.

Atlassian Price Performance

TEAM opened at $166.21 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.26 and a current ratio of 1.22. Atlassian Corporation PLC has a 52-week low of $154.07 and a 52-week high of $326.00. The stock has a market capitalization of $43.63 billion, a PE ratio of -167.89 and a beta of 0.96. The stock’s 50 day moving average price is $192.59 and its 200-day moving average price is $220.50.

Atlassian (NASDAQ:TEAM) last posted its earnings results on Thursday, August 7th. The technology company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.15. Atlassian had a negative return on equity of 14.77% and a negative net margin of 4.92%.The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the previous year, the firm earned $0.66 earnings per share. The business’s revenue was up 22.3% compared to the same quarter last year. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, equities research analysts predict that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Insider Activity at Atlassian

In related news, CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $163.26, for a total transaction of $1,251,387.90. Following the sale, the chief executive officer directly owned 245,280 shares in the company, valued at $40,044,412.80. The trade was a 3.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Rajeev Bashyam Rajan sold 3,517 shares of Atlassian stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $163.43, for a total value of $574,783.31. Following the sale, the chief technology officer owned 143,898 shares in the company, valued at $23,517,250.14. This represents a 2.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 510,700 shares of company stock valued at $100,415,703 over the last ninety days. Insiders own 38.55% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on TEAM. Citigroup decreased their price target on Atlassian from $300.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday. BMO Capital Markets reduced their target price on Atlassian from $225.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, August 8th. Barclays reduced 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. Raymond James Financial reduced their target price on Atlassian from $300.00 to $250.00 and set an “outperform” rating on the stock in a research note on Friday, August 8th. Finally, Wells Fargo & Company reduced their target price on Atlassian from $330.00 to $315.00 and set an “overweight” rating on the stock in a research note on Friday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $256.90.

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.