IFM Investors Pty Ltd Has $6.18 Million Stock Position in Atlassian Corporation PLC $TEAM

IFM Investors Pty Ltd boosted its position in Atlassian Corporation PLC (NASDAQ:TEAM) by 6.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,433 shares of the technology company’s stock after buying an additional 1,938 shares during the quarter. IFM Investors Pty Ltd’s holdings in Atlassian were worth $6,181,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Clean Yield Group grew its stake in 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 last quarter. Smithfield Trust Co grew its stake in 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 last quarter. Geneos Wealth Management Inc. grew its stake in Atlassian by 447.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock valued at $42,000 after buying an additional 161 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew 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 valued at $52,000 after buying an additional 110 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its stake in Atlassian by 25.9% in the 1st quarter. First Horizon Advisors Inc. now owns 267 shares of the technology company’s stock valued at $57,000 after buying an additional 55 shares during the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Atlassian Trading Down 0.3%

Shares of Atlassian stock opened at $169.05 on Friday. The stock has a market capitalization of $44.35 billion, a P/E ratio of -170.76 and a beta of 0.95. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.73. The company has a 50-day simple moving average of $178.63 and a 200 day simple moving average of $199.89. Atlassian Corporation PLC has a 12-month low of $155.37 and a 12-month high of $326.00.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TEAM shares. Mizuho lowered their target price on shares of Atlassian from $265.00 to $235.00 and set an “outperform” rating on the stock in a research note on Friday, August 8th. UBS Group reissued a “hold” rating on shares of Atlassian in a report on Monday, July 7th. Guggenheim initiated coverage on shares of Atlassian in a report on Thursday, September 11th. They issued a “buy” rating and a $225.00 price target for the company. Truist Financial set a $230.00 price target on shares of Atlassian in a report on Friday, August 8th. Finally, Canaccord Genuity Group reduced their price target on shares of Atlassian from $255.00 to $230.00 and set a “buy” rating for the company in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $255.45.

Insider Activity

In other Atlassian news, CEO Michael Cannon-Brookes sold 7,665 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $173.56, for a total value of $1,330,337.40. Following the completion of the sale, the chief executive officer owned 61,320 shares in the company, valued at approximately $10,642,699.20. This trade represents a 11.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Scott Farquhar sold 7,665 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $173.56, for a total transaction of $1,330,337.40. Following the completion of the sale, the director owned 61,320 shares of the company’s stock, valued at $10,642,699.20. The trade was a 11.11% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 536,278 shares of company stock valued at $99,596,944 in the last 90 days. Corporate insiders own 38.55% of the company’s stock.

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.