Atlassian Corporation PLC $TEAM Shares Acquired by Aberdeen Group plc

Aberdeen Group plc lifted its position in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 7.4% in the second quarter, Holdings Channel reports. The firm owned 109,267 shares of the technology company’s stock after purchasing an additional 7,526 shares during the period. Aberdeen Group plc’s holdings in Atlassian were worth $22,191,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of TEAM. Nuveen LLC purchased a new stake in shares of Atlassian during the 1st quarter worth about $327,665,000. AQR Capital Management LLC grew its holdings in shares of Atlassian by 145.6% during the 1st quarter. AQR Capital Management LLC now owns 1,715,287 shares of the technology company’s stock worth $354,858,000 after purchasing an additional 1,016,902 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of Atlassian by 21.8% during 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 purchasing an additional 616,071 shares during the period. Vanguard Group Inc. lifted its stake in shares of Atlassian by 3.5% during the first quarter. Vanguard Group Inc. now owns 16,993,537 shares of the technology company’s stock worth $3,606,198,000 after purchasing an additional 580,583 shares in the last quarter. Finally, Baillie Gifford & Co. lifted its stake in shares of Atlassian by 7.1% during the first quarter. Baillie Gifford & Co. now owns 8,694,755 shares of the technology company’s stock worth $1,845,114,000 after purchasing an additional 573,696 shares in the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Insider Activity at Atlassian

In other Atlassian news, President Anutthara Bharadwaj sold 7,728 shares of the company’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 sale, the president owned 182,801 shares in the company, valued at $29,875,167.43. This represents a 4.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the company’s stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $202.05, for a total value of $1,548,713.25. Following the sale, the chief executive officer owned 344,925 shares in the company, valued at $69,692,096.25. The trade was a 2.17% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 551,608 shares of company stock valued at $95,837,569. Insiders own 38.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. BMO Capital Markets reduced their price objective on Atlassian from $225.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, August 8th. UBS Group restated a “hold” rating on shares of Atlassian in a research note on Monday, July 7th. Stephens reduced their price objective on Atlassian from $221.00 to $202.00 and set an “equal weight” rating on the stock in a research note on Monday, August 11th. Wall Street Zen upgraded Atlassian from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Atlassian in a research note on Wednesday, October 8th. One investment 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $248.74.

Atlassian Trading Up 3.3%

Shares of TEAM opened at $149.39 on Tuesday. The company has a market capitalization of $39.19 billion, a P/E ratio of -150.90 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. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a 50-day moving average price of $166.31 and a 200 day moving average price of $191.84.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings results on Thursday, August 7th. The technology company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The firm 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%.Atlassian’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.66 earnings per share. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Sell-side analysts forecast that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

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.