Atlassian Corporation PLC $TEAM Shares Sold by Aviva PLC

Aviva PLC lessened its stake in Atlassian Corporation PLC (NASDAQ:TEAM) by 18.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,708 shares of the technology company’s stock after selling 28,133 shares during the period. Aviva PLC’s holdings in Atlassian were worth $25,124,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. One Wealth Advisors LLC lifted its stake in shares of Atlassian by 56.7% in the second quarter. One Wealth Advisors LLC now owns 4,436 shares of the technology company’s stock valued at $901,000 after purchasing an additional 1,606 shares during the period. Allianz Asset Management GmbH grew its holdings in Atlassian by 28.6% in the second quarter. Allianz Asset Management GmbH now owns 102,194 shares of the technology company’s stock valued at $20,755,000 after purchasing an additional 22,701 shares during the last quarter. Machina Capital S.A.S. increased its position in shares of Atlassian by 203.0% in the second quarter. Machina Capital S.A.S. now owns 9,376 shares of the technology company’s stock valued at $1,904,000 after buying an additional 6,282 shares in the last quarter. Nicholas Company Inc. increased its position in shares of Atlassian by 10.0% in the second quarter. Nicholas Company Inc. now owns 227,789 shares of the technology company’s stock valued at $46,262,000 after buying an additional 20,635 shares in the last quarter. Finally, Versor Investments LP raised its position in Atlassian by 121.7% during the second quarter. Versor Investments LP now owns 3,004 shares of the technology company’s stock worth $610,000 after acquiring an additional 1,649 shares during 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, Director Scott Farquhar sold 7,665 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $162.66, for a total value of $1,246,788.90. Following the completion of the transaction, the director owned 283,605 shares in the company, valued at $46,131,189.30. This represents a 2.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $162.66, for a total transaction of $1,246,788.90. Following the completion of the sale, the chief executive officer directly owned 283,605 shares of the company’s stock, valued at $46,131,189.30. This trade represents a 2.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have purchased 4,497 shares of company stock worth $742,375 and have sold 536,278 shares worth $88,136,466. Company insiders own 36.66% of the company’s stock.

Atlassian Stock Up 1.1%

TEAM opened at $157.83 on Monday. Atlassian Corporation PLC has a 1 year low of $144.32 and a 1 year high of $326.00. The firm has a 50 day moving average price of $163.23 and a 200 day moving average price of $186.41. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market cap of $41.53 billion, a PE ratio of -222.29, a price-to-earnings-growth ratio of 37.43 and a beta of 0.95.

Atlassian (NASDAQ:TEAM) last announced 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 net margin of 3.38% and a negative return on equity of 7.11%. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the previous year, the company posted $0.77 earnings per share. Atlassian’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. Sell-side analysts expect that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on TEAM shares. Canaccord Genuity Group reiterated a “buy” rating and set a $230.00 price target on shares of Atlassian in a report on Wednesday, October 22nd. TD Cowen lowered their price target on Atlassian from $220.00 to $205.00 and set a “hold” rating for the company in a report on Monday, October 27th. KeyCorp dropped their price objective on shares of Atlassian from $250.00 to $210.00 and set an “overweight” rating for the company in a research note on Thursday, October 23rd. Citigroup reiterated a “buy” rating on shares of Atlassian in a report on Wednesday, October 22nd. Finally, Barclays lowered their target price on shares of Atlassian from $244.00 to $215.00 and set an “overweight” rating for the company in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $239.44.

Atlassian 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.