Atlassian Corporation PLC $TEAM Shares Bought by Credit Agricole S A

Credit Agricole S A boosted its position in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 1.9% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 17,697 shares of the technology company’s stock after acquiring an additional 329 shares during the quarter. Credit Agricole S A’s holdings in Atlassian were worth $3,755,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Clean Yield Group lifted its holdings in shares of Atlassian by 372.0% in the 1st quarter. Clean Yield Group now owns 118 shares of the technology company’s stock valued at $25,000 after buying an additional 93 shares during the period. Colonial Trust Co SC lifted its holdings in shares of Atlassian by 100.0% in the 4th quarter. Colonial Trust Co SC now owns 138 shares of the technology company’s stock valued at $34,000 after buying an additional 69 shares during the period. Smithfield Trust Co lifted its holdings in shares of Atlassian by 90.7% in the 1st 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 period. GeoWealth Management LLC lifted its holdings in shares of Atlassian by 26.8% in the 4th quarter. GeoWealth Management LLC now owns 180 shares of the technology company’s stock valued at $44,000 after buying an additional 38 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Atlassian by 82.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 243 shares of the technology company’s stock valued at $52,000 after buying an additional 110 shares during the period. Institutional investors and hedge funds own 94.45% of the company’s stock.

Insiders Place Their Bets

In other news, CTO Rajeev Bashyam Rajan sold 3,517 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $163.43, for a total value of $574,783.31. Following the completion of the sale, the chief technology officer directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Scott Farquhar sold 7,665 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $166.30, for a total value of $1,274,689.50. Following the completion of the sale, the director owned 206,955 shares of the company’s stock, valued at $34,416,616.50. This trade represents a 3.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 510,134 shares of company stock valued at $99,681,446. Insiders own 38.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TEAM shares. BMO Capital Markets decreased their price objective on Atlassian from $225.00 to $200.00 and set an “outperform” rating for the company in a report on Friday, August 8th. Capital One Financial lowered Atlassian from an “overweight” rating to an “equal weight” rating and set a $211.00 price target for the company. in a research note on Wednesday, July 16th. Cantor Fitzgerald cut their price target on Atlassian from $256.00 to $240.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. Oppenheimer cut their price target on Atlassian from $300.00 to $275.00 and set an “outperform” rating for the company in a research note on Monday, July 21st. Finally, Wall Street Zen upgraded Atlassian from a “hold” rating to a “buy” rating in a research note on Sunday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $256.90.

Atlassian Price Performance

NASDAQ:TEAM opened at $170.79 on Friday. Atlassian Corporation PLC has a 12 month low of $154.07 and a 12 month high of $326.00. The stock has a 50 day moving average of $190.67 and a two-hundred day moving average of $218.11. The company has a current ratio of 1.22, a quick ratio of 1.26 and a debt-to-equity ratio of 0.73. The firm has a market cap of $44.83 billion, a P/E ratio of -172.51 and a beta of 0.96.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings results 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 business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.36 billion. Atlassian had a negative return on equity of 14.77% and a negative net margin of 4.92%.The business’s revenue was up 22.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.66 earnings per share. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, analysts expect that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

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.