Cresset Asset Management LLC Has $1.65 Million Stock Holdings in Atlassian Corporation PLC $TEAM

Cresset Asset Management LLC lessened its holdings in Atlassian Corporation PLC (NASDAQ:TEAM) by 3.4% during the first quarter, HoldingsChannel reports. The firm owned 7,789 shares of the technology company’s stock after selling 272 shares during the quarter. Cresset Asset Management LLC’s holdings in Atlassian were worth $1,653,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of TEAM. GeoWealth Management LLC boosted its holdings in shares of Atlassian by 26.8% during the 4th quarter. GeoWealth Management LLC now owns 180 shares of the technology company’s stock valued at $44,000 after acquiring an additional 38 shares in the last quarter. True Wealth Design LLC boosted its holdings in shares of Atlassian by 21.6% during the 4th quarter. True Wealth Design LLC now owns 282 shares of the technology company’s stock valued at $69,000 after acquiring an additional 50 shares in the last quarter. Covenant Partners LLC boosted its holdings in shares of Atlassian by 4.2% during the 4th quarter. Covenant Partners LLC now owns 1,328 shares of the technology company’s stock valued at $323,000 after acquiring an additional 53 shares in the last quarter. First Citizens Bank & Trust Co. boosted its holdings in shares of Atlassian by 4.7% during the 1st quarter. First Citizens Bank & Trust Co. now owns 1,192 shares of the technology company’s stock valued at $253,000 after acquiring an additional 54 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in shares of Atlassian by 25.9% during the 1st quarter. First Horizon Advisors Inc. now owns 267 shares of the technology company’s stock valued at $57,000 after acquiring an additional 55 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Insider Transactions at Atlassian

In other news, Director Scott Farquhar sold 7,948 shares of the business’s stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $208.43, for a total value of $1,656,601.64. Following the transaction, the director directly owned 23,844 shares of the company’s stock, valued at $4,969,804.92. The trade was a 25.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael Cannon-Brookes sold 7,948 shares of the business’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $208.43, for a total value of $1,656,601.64. Following the completion of the transaction, the chief executive officer directly owned 23,844 shares in the company, valued at $4,969,804.92. This represents a 25.00% 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 worth $100,415,703 over the last three months. 38.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TEAM has been the topic of several recent research reports. Stephens cut their price objective on Atlassian from $221.00 to $202.00 and set an “equal weight” rating on the stock in a report on Monday, August 11th. Mizuho cut their price objective on Atlassian from $265.00 to $235.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. Truist Financial set a $230.00 target price on Atlassian in a report on Friday, August 8th. Piper Sandler reaffirmed an “overweight” rating and set a $300.00 target price (down from $365.00) on shares of Atlassian in a report on Friday, May 2nd. Finally, KeyCorp cut their target price on Atlassian from $275.00 to $250.00 and set an “overweight” rating on the stock in a report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $256.90.

Atlassian Stock Up 0.2%

Shares of NASDAQ:TEAM opened at $166.55 on Thursday. The company has a market capitalization of $43.72 billion, a price-to-earnings ratio of -168.23 and a beta of 0.96. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.22 and a quick ratio of 1.26. The business’s 50-day moving average is $191.89 and its 200-day moving average is $220.13. Atlassian Corporation PLC has a 1 year low of $154.07 and a 1 year high of $326.00.

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

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.