Cwm LLC Grows Position in Atlassian Corporation PLC $TEAM

Cwm LLC boosted its stake in Atlassian Corporation PLC (NASDAQ:TEAM) by 5.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,421 shares of the technology company’s stock after buying an additional 1,284 shares during the quarter. Cwm LLC’s holdings in Atlassian were worth $5,366,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of TEAM. Nuveen LLC purchased a new stake in Atlassian in the 1st quarter valued at $327,665,000. AQR Capital Management LLC increased its position 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 valued at $354,858,000 after purchasing an additional 1,016,902 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position 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 valued at $730,175,000 after purchasing an additional 616,071 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Atlassian by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 16,993,537 shares of the technology company’s stock valued at $3,606,198,000 after purchasing an additional 580,583 shares during the last quarter. Finally, Baillie Gifford & Co. increased its position in shares of Atlassian by 7.1% during the 1st quarter. Baillie Gifford & Co. now owns 8,694,755 shares of the technology company’s stock valued at $1,845,114,000 after purchasing an additional 573,696 shares during the last quarter. 94.45% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Atlassian news, President Anutthara Bharadwaj sold 7,728 shares of the firm’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $163.43, for a total value of $1,262,987.04. Following the completion of the transaction, the president owned 182,801 shares in the company, valued at $29,875,167.43. This trade represents a 4.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Scott Farquhar sold 7,665 shares of the firm’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $202.05, for a total value of $1,548,713.25. Following the completion of the transaction, the director owned 344,925 shares of the company’s stock, valued at approximately $69,692,096.25. This represents a 2.17% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 551,608 shares of company stock worth $95,200,454 in the last quarter. 38.55% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Wall Street Zen raised Atlassian from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. KeyCorp decreased their target price on Atlassian from $275.00 to $250.00 and set an “overweight” rating for the company in a research report on Thursday, July 17th. Capital One Financial lowered Atlassian from an “overweight” rating to an “equal weight” rating and set a $211.00 target price for the company. in a research report on Wednesday, July 16th. BMO Capital Markets cut their price target on Atlassian from $225.00 to $200.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. Finally, Guggenheim began coverage on Atlassian in a research note on Thursday, September 11th. They set a “buy” rating and a $225.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $248.74.

Atlassian Stock Down 4.2%

Shares of NASDAQ TEAM opened at $149.84 on Thursday. Atlassian Corporation PLC has a 52 week low of $144.32 and a 52 week high of $326.00. The business has a 50-day simple moving average of $165.02 and a two-hundred day simple moving average of $191.31. 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 market cap of $39.31 billion, a P/E ratio of -151.35 and a beta of 0.92.

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

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.