Rhumbline Advisers Buys 50,354 Shares of Atlassian Corporation PLC $TEAM

Rhumbline Advisers boosted its stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 25.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 245,901 shares of the technology company’s stock after buying an additional 50,354 shares during the period. Rhumbline Advisers owned approximately 0.09% of Atlassian worth $49,940,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Avantax Advisory Services Inc. increased its position in Atlassian by 47.3% during the first quarter. Avantax Advisory Services Inc. now owns 4,361 shares of the technology company’s stock valued at $926,000 after acquiring an additional 1,401 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of Atlassian by 19.8% during the 1st quarter. Cetera Investment Advisers now owns 24,729 shares of the technology company’s stock worth $5,248,000 after purchasing an additional 4,090 shares during the period. HB Wealth Management LLC grew its holdings in Atlassian by 422.6% during the 1st quarter. HB Wealth Management LLC now owns 7,850 shares of the technology company’s stock valued at $1,666,000 after purchasing an additional 6,348 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Atlassian by 4.2% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 99,261 shares of the technology company’s stock worth $21,064,000 after purchasing an additional 3,987 shares during the period. Finally, LPL Financial LLC raised its position in Atlassian by 28.8% in the 1st quarter. LPL Financial LLC now owns 66,397 shares of the technology company’s stock worth $14,090,000 after purchasing an additional 14,863 shares during the period. 94.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Mizuho boosted their target price on Atlassian from $235.00 to $245.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Wells Fargo & Company initiated coverage on Atlassian in a research note on Tuesday, September 30th. They set an “overweight” rating and a $216.00 price target for the company. Robert W. Baird set a $230.00 price objective on Atlassian in a research report on Friday, October 31st. Bank of America began coverage on Atlassian in a research report on Tuesday, September 23rd. They set a “neutral” rating and a $200.00 target price for the company. Finally, Wall Street Zen raised shares of Atlassian from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Atlassian presently has an average rating of “Moderate Buy” and a consensus target price of $240.00.

Atlassian Price Performance

Shares of TEAM stock opened at $146.45 on Tuesday. Atlassian Corporation PLC has a twelve month low of $139.70 and a twelve month high of $326.00. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.72. The stock has a fifty day simple moving average of $157.99 and a two-hundred day simple moving average of $181.10. The stock has a market capitalization of $38.53 billion, a price-to-earnings ratio of -206.26, a P/E/G ratio of 34.69 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 EPS for the quarter, beating the consensus estimate of $0.83 by $0.21. Atlassian had a negative return on equity of 7.11% and a negative net margin of 3.38%.The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter last year, the firm posted $0.77 earnings per share. The business’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, analysts predict that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Insider Buying and Selling at Atlassian

In related news, CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $171.13, for a total transaction of $1,311,711.45. Following the transaction, the chief executive officer directly owned 168,630 shares of the company’s stock, valued at $28,857,651.90. This trade represents a 4.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Scott Farquhar sold 7,665 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $171.13, for a total transaction of $1,311,711.45. Following the completion of the transaction, the director directly owned 168,630 shares of the company’s stock, valued at $28,857,651.90. This trade represents a 4.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have acquired 4,497 shares of company stock valued at $742,375 and have sold 581,181 shares valued at $93,753,208. Insiders own 36.66% of the company’s stock.

About Atlassian

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.