KLP Kapitalforvaltning AS Has $16.45 Million Holdings in Atlassian Corporation PLC $TEAM

KLP Kapitalforvaltning AS boosted its stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 4.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,000 shares of the technology company’s stock after purchasing an additional 3,600 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Atlassian were worth $16,450,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of TEAM. One Wealth Advisors LLC raised its stake in shares of Atlassian by 56.7% in the 2nd quarter. One Wealth Advisors LLC now owns 4,436 shares of the technology company’s stock valued at $901,000 after buying an additional 1,606 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Atlassian by 37.7% in the 1st quarter. Farther Finance Advisors LLC now owns 369 shares of the technology company’s stock valued at $80,000 after buying an additional 101 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Atlassian by 42.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,240 shares of the technology company’s stock valued at $900,000 after buying an additional 1,259 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Atlassian by 350.1% in the 1st quarter. Principal Financial Group Inc. now owns 51,900 shares of the technology company’s stock valued at $11,014,000 after buying an additional 40,369 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Atlassian by 47,387.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,799 shares of the technology company’s stock valued at $822,000 after buying an additional 3,791 shares in the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TEAM. KeyCorp dropped their price objective on shares of Atlassian from $275.00 to $250.00 and set an “overweight” rating for the company in a research note on Thursday, July 17th. Cantor Fitzgerald lowered their target price on shares of Atlassian from $256.00 to $240.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Capital One Financial lowered shares of Atlassian from an “overweight” rating to an “equal weight” rating and set a $211.00 target price on the stock. in a report on Wednesday, July 16th. BMO Capital Markets lowered their target price on shares of Atlassian from $225.00 to $200.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. Finally, Wells Fargo & Company began coverage on shares of Atlassian in a report on Tuesday, September 30th. They issued an “overweight” rating and a $216.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $248.74.

Atlassian Stock Down 0.4%

Shares of NASDAQ:TEAM opened at $149.52 on Thursday. Atlassian Corporation PLC has a 12 month low of $146.16 and a 12 month high of $326.00. The company’s 50-day moving average price is $168.69 and its two-hundred day moving average price is $194.02. 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 firm has a market cap of $39.22 billion, a P/E ratio of -151.03 and a beta of 0.92.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings data on Thursday, August 7th. The technology company reported $0.98 EPS for the quarter, topping 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 firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the firm earned $0.66 EPS. The company’s revenue was up 22.3% on a year-over-year basis. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, research analysts forecast that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Insiders Place Their Bets

In other Atlassian news, CEO Michael Cannon-Brookes sold 7,665 shares of the stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $150.75, for a total transaction of $1,155,498.75. Following the sale, the chief executive officer owned 452,235 shares of the company’s stock, valued at $68,174,426.25. This represents a 1.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Scott Belsky acquired 1,566 shares of the firm’s stock in a transaction on Wednesday, October 1st. The shares were bought at an average cost of $153.10 per share, for a total transaction of $239,754.60. Following the acquisition, the director owned 3,021 shares in the company, valued at approximately $462,515.10. The trade was a 107.63% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 551,608 shares of company stock valued at $97,185,382 in the last 90 days. 38.55% of the stock is currently owned by insiders.

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.