Eastern Bank Sells 944 Shares of Atlassian Corporation PLC $TEAM

Eastern Bank lessened its position in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 75.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 314 shares of the technology company’s stock after selling 944 shares during the period. Eastern Bank’s holdings in Atlassian were worth $64,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Atlassian by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 16,993,537 shares of the technology company’s stock worth $3,606,198,000 after acquiring an additional 580,583 shares during the period. Baillie Gifford & Co. increased its holdings in shares of Atlassian by 7.1% in the 1st quarter. Baillie Gifford & Co. now owns 8,694,755 shares of the technology company’s stock worth $1,845,114,000 after buying an additional 573,696 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Atlassian by 21.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,440,813 shares of the technology company’s stock worth $730,175,000 after buying an additional 616,071 shares during the last quarter. Voya Investment Management LLC increased its holdings in shares of Atlassian by 24.1% in the 1st quarter. Voya Investment Management LLC now owns 2,695,889 shares of the technology company’s stock worth $571,894,000 after buying an additional 523,035 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its holdings in shares of Atlassian by 6.7% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,972,130 shares of the technology company’s stock worth $418,506,000 after buying an additional 124,432 shares during the last quarter. Institutional investors own 94.45% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Truist Financial set a $230.00 price target on shares of Atlassian in a report on Friday, August 8th. Raymond James Financial decreased their price target on shares of Atlassian from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. Bank of America assumed coverage on shares of Atlassian in a report on Tuesday, September 23rd. They issued a “neutral” rating and a $200.00 price target on the stock. Canaccord Genuity Group decreased their price target on shares of Atlassian from $255.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, August 8th. Finally, Mizuho reduced their target price on shares of Atlassian from $265.00 to $235.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Atlassian presently has a consensus rating of “Moderate Buy” and a consensus price target of $248.74.

Atlassian Price Performance

TEAM stock opened at $144.56 on Monday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.22 and a current ratio of 1.22. Atlassian Corporation PLC has a 52 week low of $144.32 and a 52 week high of $326.00. The firm’s fifty day moving average is $167.04 and its 200 day moving average is $192.32. The firm has a market cap of $37.92 billion, a P/E ratio of -146.02 and a beta of 0.92.

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

Insider Buying and Selling at Atlassian

In other news, Director Scott Belsky purchased 1,566 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was acquired at an average price of $153.10 per share, with a total value of $239,754.60. Following the transaction, the director directly owned 3,021 shares of the company’s stock, valued at approximately $462,515.10. This represents a 107.63% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Scott Farquhar sold 7,665 shares of the stock in a transaction on Friday, October 10th. The shares were sold at an average price of $145.85, for a total transaction of $1,117,940.25. Following the sale, the director directly owned 429,240 shares of the company’s stock, valued at $62,604,654. The trade was a 1.75% decrease in their position. The disclosure for this sale can be found here. Insiders sold 551,608 shares of company stock valued at $95,837,569 in the last quarter. Company insiders own 38.55% of the company’s stock.

Atlassian Company 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.