Atlassian Corporation PLC $TEAM Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its holdings in Atlassian Corporation PLC (NASDAQ:TEAM) by 7.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,738 shares of the technology company’s stock after selling 2,344 shares during the period. Teacher Retirement System of Texas’ holdings in Atlassian were worth $5,836,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in TEAM. GAMMA Investing LLC boosted its stake in Atlassian by 96.9% in the 1st quarter. GAMMA Investing LLC now owns 571 shares of the technology company’s stock worth $121,000 after buying an additional 281 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Atlassian by 42.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,240 shares of the technology company’s stock worth $900,000 after acquiring an additional 1,259 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Atlassian by 47,387.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,799 shares of the technology company’s stock worth $822,000 after acquiring an additional 3,791 shares during the period. Amalgamated Bank lifted its holdings in shares of Atlassian by 6.1% during the 1st quarter. Amalgamated Bank now owns 11,360 shares of the technology company’s stock worth $2,411,000 after acquiring an additional 650 shares during the period. Finally, Alta Advisers Ltd purchased a new position in shares of Atlassian during the 1st quarter worth about $201,000. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction on Monday, August 11th. The shares were sold at an average price of $163.51, for a total transaction of $1,253,304.15. Following the sale, the chief executive officer owned 268,275 shares of the company’s stock, valued at $43,865,645.25. The trade was a 2.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Anutthara Bharadwaj sold 7,728 shares of Atlassian stock in a transaction 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 directly owned 182,801 shares in the company, valued at $29,875,167.43. This trade represents a 4.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 551,608 shares of company stock worth $91,244,164 in the last 90 days. 36.66% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TEAM has been the subject of several research analyst reports. Citigroup reaffirmed a “buy” rating on shares of Atlassian in a research report on Wednesday, October 22nd. Mizuho lowered their price objective on shares of Atlassian from $265.00 to $235.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. KeyCorp reduced their target price on Atlassian from $250.00 to $210.00 and set an “overweight” rating on the stock in a report on Thursday, October 23rd. Stephens reduced their target price on Atlassian from $221.00 to $202.00 and set an “equal weight” rating on the stock in a report on Monday, August 11th. Finally, Barclays cut their price objective on Atlassian from $244.00 to $215.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $243.58.

Atlassian Trading Up 0.9%

Shares of TEAM opened at $160.67 on Friday. The stock’s 50-day moving average is $164.12 and its two-hundred day moving average is $188.23. The stock has a market cap of $42.15 billion, a PE ratio of -162.29 and a beta of 0.92. Atlassian Corporation PLC has a 12 month low of $144.32 and a 12 month high of $326.00. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.22 and a quick ratio of 1.22.

Atlassian (NASDAQ:TEAM) last posted its earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.21. Atlassian had a negative return on equity of 14.77% and a negative net margin of 4.92%.During the same period last year, the company earned $0.77 earnings per share. The company’s revenue was up 20.6% compared to the same quarter last year. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Equities analysts forecast that Atlassian Corporation PLC will post -0.34 earnings per share 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.