Whittier Trust Co. Has $438,000 Stock Holdings in Atlassian Corporation PLC $TEAM

Whittier Trust Co. grew its position in Atlassian Corporation PLC (NASDAQ:TEAM) by 11.9% during the 2nd quarter, Holdings Channel reports. The firm owned 2,157 shares of the technology company’s stock after purchasing an additional 230 shares during the quarter. Whittier Trust Co.’s holdings in Atlassian were worth $438,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TEAM. Smithfield Trust Co boosted its stake in shares of Atlassian by 90.7% in the 1st quarter. Smithfield Trust Co now owns 164 shares of the technology company’s stock valued at $34,000 after purchasing an additional 78 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Atlassian by 447.2% in the first quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock valued at $42,000 after buying an additional 161 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Atlassian by 25.9% in the first quarter. First Horizon Advisors Inc. now owns 267 shares of the technology company’s stock valued at $57,000 after buying an additional 55 shares during the last quarter. State of Wyoming raised its holdings in shares of Atlassian by 20.3% in the first quarter. State of Wyoming now owns 278 shares of the technology company’s stock valued at $59,000 after buying an additional 47 shares during the last quarter. Finally, Banque Transatlantique SA bought a new position in shares of Atlassian in the first quarter valued at about $77,000. Institutional investors and hedge funds own 94.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TEAM shares. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $230.00 price target on shares of Atlassian in a report on Wednesday. Cantor Fitzgerald cut their price target on Atlassian from $256.00 to $240.00 and set an “overweight” rating for the company in a report on Friday, August 8th. KeyCorp cut their price target on Atlassian from $250.00 to $210.00 and set an “overweight” rating for the company in a report on Thursday. Zacks Research cut Atlassian from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 7th. Finally, BMO Capital Markets dropped their price objective on Atlassian from $225.00 to $200.00 and set an “outperform” rating for the company in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Atlassian currently has an average rating of “Moderate Buy” and a consensus price target of $247.00.

Insider Transactions at Atlassian

In other news, CEO Michael Cannon-Brookes sold 7,665 shares of the business’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $185.81, for a total transaction of $1,424,233.65. Following the completion of the transaction, the chief executive officer directly owned 291,270 shares in the company, valued at approximately $54,120,878.70. The trade was a 2.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Anutthara Bharadwaj sold 7,728 shares of the business’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 transaction, the president owned 182,801 shares of the company’s stock, valued at $29,875,167.43. The trade was a 4.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 551,608 shares of company stock worth $92,691,699. 36.66% of the stock is currently owned by company insiders.

Atlassian Stock Performance

Shares of NASDAQ:TEAM opened at $165.01 on Friday. The stock has a market capitalization of $43.29 billion, a P/E ratio of -166.68 and a beta of 0.92. Atlassian Corporation PLC has a 1-year low of $144.32 and a 1-year high of $326.00. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.73. The business has a 50-day moving average price of $164.57 and a two-hundred day moving average price of $189.50.

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