KBC Group NV Acquires 177,585 Shares of Atlassian Corporation PLC $TEAM

KBC Group NV grew its holdings in Atlassian Corporation PLC (NASDAQ:TEAM) by 42.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 598,789 shares of the technology company’s stock after purchasing an additional 177,585 shares during the period. KBC Group NV’s holdings in Atlassian were worth $121,608,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Jupiter Asset Management Ltd. acquired a new position in Atlassian during the second quarter valued at approximately $302,000. Mitsubishi UFJ Trust & Banking Corp lifted its stake in Atlassian by 3.7% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 258,299 shares of the technology company’s stock valued at $52,458,000 after purchasing an additional 9,274 shares during the last quarter. SBI Securities Co. Ltd. increased its position in Atlassian by 236.3% during the second quarter. SBI Securities Co. Ltd. now owns 26,903 shares of the technology company’s stock worth $5,464,000 after buying an additional 18,904 shares during the last quarter. National Pension Service boosted its stake in shares of Atlassian by 0.7% during the 2nd quarter. National Pension Service now owns 241,800 shares of the technology company’s stock worth $49,107,000 after acquiring an additional 1,570 shares during the period. Finally, Glynn Capital Management LLC lifted its holdings in Atlassian by 10.6% during the 2nd quarter. Glynn Capital Management LLC now owns 116,586 shares of the technology company’s stock valued at $23,677,000 after purchasing an additional 11,148 shares during the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. KeyCorp decreased their price target on shares of Atlassian from $250.00 to $210.00 and set an “overweight” rating on the stock in a research note on Thursday, October 23rd. TD Cowen lowered their price target on shares of Atlassian from $220.00 to $205.00 and set a “hold” rating on the stock in a research report on Monday, October 27th. Robert W. Baird set a $230.00 price objective on shares of Atlassian in a report on Friday, October 31st. Zacks Research upgraded shares of Atlassian from a “strong sell” rating to a “hold” rating in a research report on Monday, November 3rd. Finally, Macquarie dropped their price target on shares of Atlassian from $250.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Atlassian has a consensus rating of “Moderate Buy” and a consensus target price of $239.44.

Atlassian Stock Down 1.0%

Shares of NASDAQ TEAM opened at $157.54 on Wednesday. Atlassian Corporation PLC has a 1 year low of $144.32 and a 1 year high of $326.00. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market cap of $41.45 billion, a PE ratio of -221.88, a price-to-earnings-growth ratio of 37.74 and a beta of 0.95. The company has a 50 day simple moving average of $162.56 and a 200 day simple moving average of $185.44.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter last year, the firm earned $0.77 earnings per share. The company’s revenue for the quarter 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, research analysts forecast that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Insider Transactions at Atlassian

In other Atlassian news, CEO Michael Cannon-Brookes sold 7,665 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $169.40, for a total transaction of $1,298,451.00. Following the completion of the transaction, the chief executive officer owned 183,960 shares in the company, valued at approximately $31,162,824. This trade represents a 4.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Anutthara Bharadwaj sold 7,728 shares of the company’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 completion of the sale, the president directly 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 ninety days, insiders purchased 4,497 shares of company stock worth $742,375 and sold 566,938 shares worth $92,943,648. 36.66% of the stock is owned by corporate insiders.

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.