Allstate Corp Has $1.41 Million Stock Holdings in Atlassian Corporation PLC $TEAM

Allstate Corp increased its position in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 40.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,639 shares of the technology company’s stock after buying an additional 1,900 shares during the quarter. Allstate Corp’s holdings in Atlassian were worth $1,409,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its holdings in Atlassian by 41.2% during the fourth quarter. NewEdge Advisors LLC now owns 3,165 shares of the technology company’s stock valued at $770,000 after purchasing an additional 924 shares in the last quarter. GeoWealth Management LLC boosted its holdings in Atlassian by 26.8% during the fourth quarter. GeoWealth Management LLC now owns 180 shares of the technology company’s stock valued at $44,000 after purchasing an additional 38 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Atlassian by 3.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 157,752 shares of the technology company’s stock valued at $38,398,000 after purchasing an additional 5,878 shares in the last quarter. MML Investors Services LLC boosted its holdings in Atlassian by 8.0% during the fourth quarter. MML Investors Services LLC now owns 15,110 shares of the technology company’s stock valued at $3,678,000 after purchasing an additional 1,121 shares in the last quarter. Finally, IHT Wealth Management LLC acquired a new stake in Atlassian during the fourth quarter valued at approximately $208,000. 94.45% of the stock is owned by institutional investors and hedge funds.

Atlassian Stock Performance

NASDAQ:TEAM opened at $170.79 on Friday. Atlassian Corporation PLC has a 1 year low of $154.07 and a 1 year high of $326.00. The firm has a 50 day moving average of $190.67 and a 200-day moving average of $217.40. 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 stock has a market capitalization of $44.83 billion, a P/E ratio of -172.51 and a beta of 0.96.

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 analysts’ consensus estimates of $0.83 by $0.15. Atlassian had a negative net margin of 4.92% and a negative return on equity of 14.77%. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the previous year, the company posted $0.66 earnings per share. Atlassian’s quarterly 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. As a group, sell-side analysts anticipate that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Michael Cannon-Brookes sold 7,948 shares of the business’s stock in a transaction that occurred on 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 owned 23,844 shares in the company, valued at $4,969,804.92. The trade was a 25.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Anutthara Bharadwaj sold 7,728 shares of the business’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 transaction of $1,262,987.04. Following the completion of the transaction, the president owned 182,801 shares of the company’s stock, valued at $29,875,167.43. This trade represents a 4.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold 510,134 shares of company stock worth $99,681,446 in the last quarter. Insiders own 38.55% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on TEAM shares. Oppenheimer decreased their price objective on Atlassian from $300.00 to $275.00 and set an “outperform” rating on the stock in a report on Monday, July 21st. KeyCorp decreased their price objective on Atlassian from $275.00 to $250.00 and set an “overweight” rating on the stock in a report on Thursday, July 17th. Raymond James Financial decreased their price objective on Atlassian from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. Wall Street Zen raised Atlassian from a “hold” rating to a “buy” rating in a report on Sunday, June 22nd. Finally, Wells Fargo & Company decreased their price objective on Atlassian from $330.00 to $315.00 and set an “overweight” rating on the stock in a report on Friday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.