Oak Ridge Investments LLC raised its stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM – Free Report) by 1.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,164 shares of the technology company’s stock after purchasing an additional 381 shares during the period. Oak Ridge Investments LLC’s holdings in Atlassian were worth $4,095,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Smithfield Trust Co raised its position in Atlassian by 90.7% during the 1st quarter. Smithfield Trust Co now owns 164 shares of the technology company’s stock worth $34,000 after purchasing an additional 78 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Atlassian by 447.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock worth $42,000 after purchasing an additional 161 shares during the last quarter. First Horizon Advisors Inc. raised its position in Atlassian by 25.9% during the 1st quarter. First Horizon Advisors Inc. now owns 267 shares of the technology company’s stock worth $57,000 after purchasing an additional 55 shares during the last quarter. State of Wyoming raised its position in Atlassian by 20.3% during the 1st quarter. State of Wyoming now owns 278 shares of the technology company’s stock worth $59,000 after purchasing an additional 47 shares during the last quarter. Finally, Opal Wealth Advisors LLC bought a new position in Atlassian during the 1st quarter worth $63,000. 94.45% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research analysts recently issued reports on TEAM shares. Raymond James Financial lowered their target price on Atlassian from $300.00 to $250.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Barclays lowered their price objective on Atlassian from $244.00 to $215.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Stephens lowered their price objective on Atlassian from $221.00 to $202.00 and set an “equal weight” rating for the company in a research report on Monday, August 11th. Canaccord Genuity Group lowered their price objective on Atlassian from $255.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, August 8th. Finally, Wall Street Zen raised Atlassian from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $248.74.
Atlassian Stock Performance
Shares of TEAM opened at $144.56 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a 50-day moving average of $167.04 and a 200-day moving average of $192.53. The company has a market cap of $37.92 billion, a PE ratio of -146.02 and a beta of 0.92. Atlassian Corporation PLC has a one year low of $144.32 and a one year high of $326.00.
Atlassian (NASDAQ:TEAM – Get Free Report) last issued its earnings results on Thursday, August 7th. The technology company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.83 by $0.15. The company had revenue of $1.38 billion during 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 for the quarter was up 22.3% compared to the same quarter last year. During the same period last year, the business posted $0.66 EPS. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, equities research analysts predict that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.
Insider Activity
In other news, Director Scott Farquhar sold 7,665 shares of the firm’s stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $145.85, for a total value of $1,117,940.25. Following the completion of the sale, the director directly owned 429,240 shares in the company, valued at $62,604,654. This trade represents a 1.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Scott Belsky bought 1,566 shares of Atlassian stock in a transaction dated Wednesday, October 1st. The stock was purchased at an average price of $153.10 per share, with a total value of $239,754.60. Following the completion of the purchase, the director owned 3,021 shares in the company, valued at $462,515.10. This trade represents a 107.63% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 566,938 shares of company stock worth $98,781,848 in the last three months. Company insiders own 38.55% of the company’s stock.
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.
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