Atlassian Corporation PLC $TEAM Stake Decreased by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC lessened its holdings in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 7.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,459 shares of the technology company’s stock after selling 121 shares during the period. Transcend Capital Advisors LLC’s holdings in Atlassian were worth $296,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. One Wealth Advisors LLC raised its holdings in shares of Atlassian by 56.7% during the second quarter. One Wealth Advisors LLC now owns 4,436 shares of the technology company’s stock valued at $901,000 after buying an additional 1,606 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in shares of Atlassian by 28.6% during the second quarter. Allianz Asset Management GmbH now owns 102,194 shares of the technology company’s stock valued at $20,755,000 after buying an additional 22,701 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Atlassian by 42.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,240 shares of the technology company’s stock valued at $900,000 after buying an additional 1,259 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Atlassian by 350.1% during the first quarter. Principal Financial Group Inc. now owns 51,900 shares of the technology company’s stock valued at $11,014,000 after buying an additional 40,369 shares during the last quarter. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of Atlassian by 21.9% during the second quarter. Cullen Frost Bankers Inc. now owns 38,694 shares of the technology company’s stock valued at $7,858,000 after buying an additional 6,962 shares during the last quarter. Institutional investors own 94.45% of the company’s stock.

Atlassian Stock Performance

Shares of TEAM stock opened at $160.67 on Friday. 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 company has a market capitalization of $42.15 billion, a price-to-earnings ratio of -162.29 and a beta of 0.92. The stock’s fifty day simple moving average is $164.12 and its 200-day simple moving average is $188.23.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share 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 quarter in the prior year, the business earned $0.77 EPS. The firm’s quarterly revenue was up 20.6% on a year-over-year basis. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. On average, sell-side analysts predict that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Scott Farquhar sold 7,665 shares of the business’s 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 transaction, the director directly owned 268,275 shares in the company, valued at $43,865,645.25. The trade was a 2.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Anutthara Bharadwaj sold 7,728 shares of the business’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $163.43, for a total transaction of $1,262,987.04. Following the transaction, the president owned 182,801 shares in the company, valued at approximately $29,875,167.43. This represents a 4.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 551,608 shares of company stock worth $91,244,164. 36.66% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Zacks Research cut Atlassian from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 7th. Stephens lowered their price objective on shares of Atlassian from $221.00 to $202.00 and set an “equal weight” rating on the stock in a research note on Monday, August 11th. Cantor Fitzgerald lowered their price objective on shares of Atlassian from $256.00 to $240.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. Oppenheimer dropped their price objective on Atlassian from $300.00 to $275.00 and set an “outperform” rating on the stock in a research note on Monday, July 21st. Finally, Wells Fargo & Company started coverage on Atlassian in a research note on Tuesday, September 30th. They issued an “overweight” rating and a $216.00 price objective on the stock. One investment 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, Atlassian has an average rating of “Moderate Buy” and a consensus price target of $243.58.

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.