FNY Investment Advisers LLC Increases Position in Atlassian Corporation PLC $TEAM

FNY Investment Advisers LLC grew its stake in Atlassian Corporation PLC (NASDAQ:TEAM) by 1,503.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,420 shares of the technology company’s stock after acquiring an additional 9,770 shares during the quarter. FNY Investment Advisers LLC’s holdings in Atlassian were worth $810,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in TEAM. Snowden Capital Advisors LLC boosted its position in Atlassian by 1.6% during the second quarter. Snowden Capital Advisors LLC now owns 4,464 shares of the technology company’s stock valued at $907,000 after purchasing an additional 71 shares in the last quarter. Financial Perspectives Inc raised its holdings in Atlassian by 11.7% in the fourth quarter. Financial Perspectives Inc now owns 718 shares of the technology company’s stock worth $116,000 after purchasing an additional 75 shares in the last quarter. Slow Capital Inc. raised its holdings in Atlassian by 0.3% in the fourth quarter. Slow Capital Inc. now owns 33,486 shares of the technology company’s stock worth $5,429,000 after purchasing an additional 84 shares in the last quarter. Verdence Capital Advisors LLC lifted its position in shares of Atlassian by 3.0% during the fourth quarter. Verdence Capital Advisors LLC now owns 3,079 shares of the technology company’s stock valued at $499,000 after buying an additional 89 shares during the last quarter. Finally, Bogart Wealth LLC lifted its position in shares of Atlassian by 76.4% during the fourth quarter. Bogart Wealth LLC now owns 217 shares of the technology company’s stock valued at $35,000 after buying an additional 94 shares during the last quarter. 94.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Barclays raised their price target on shares of Atlassian from $106.00 to $112.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Atlassian in a research note on Monday, June 29th. Bank of America decreased their target price on shares of Atlassian from $110.00 to $105.00 and set a “neutral” rating for the company in a research report on Thursday, July 16th. Wall Street Zen downgraded shares of Atlassian from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 30th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $130.00 price target on shares of Atlassian in a report on Friday, July 10th. Twenty-one equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $139.23.

Atlassian Trading Down 2.8%

Atlassian stock opened at $110.17 on Friday. The stock has a 50-day moving average of $92.18 and a two-hundred day moving average of $86.48. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.70 and a current ratio of 0.70. Atlassian Corporation PLC has a one year low of $56.01 and a one year high of $189.69. The stock has a market cap of $27.96 billion, a PE ratio of -132.73, a price-to-earnings-growth ratio of 8.14 and a beta of 1.05.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings results on Thursday, August 6th. The technology company reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.37. Atlassian had a positive return on equity of 6.22% and a negative net margin of 3.50%.The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter last year, the company earned $0.98 earnings per share. The company’s quarterly revenue was up 27.6% on a year-over-year basis. On average, research analysts anticipate that Atlassian Corporation PLC will post 0.81 EPS for the current fiscal year.

Insider Activity at Atlassian

In other Atlassian news, CFO James Chuong sold 8,838 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $87.75, for a total transaction of $775,534.50. Following the sale, the chief financial officer owned 288,272 shares of the company’s stock, valued at approximately $25,295,868. The trade was a 2.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Brian Duffy sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $89.71, for a total transaction of $269,130.00. Following the transaction, the executive owned 227,691 shares in the company, valued at $20,426,159.61. The trade was a 1.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 20,041 shares of company stock valued at $1,801,069 over the last ninety days. 36.66% of the stock is currently owned by insiders.

Key Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Quarterly results exceeded expectations. Atlassian reported adjusted earnings of $1.87 per share, above the $1.50 analyst consensus, while revenue rose 27.6% year over year to $1.77 billion, surpassing estimates of $1.66 billion. Earnings also increased from $0.98 per share a year earlier. Atlassian Announces Fourth Quarter and Fiscal Year 2026 Results
• Positive Sentiment: Cloud and data-center demand remained strong. Cloud revenue increased 31% to $1.21 billion, and Data Center revenue reached $461.9 million, exceeding the $414.6 million estimate. Management cited continued demand for enterprise software, automation, and machine-learning tools such as Jira Service Management and Rovo. Atlassian beats quarterly estimates on strong cloud demand
• Positive Sentiment: Near-term guidance was better than expected. First-quarter fiscal 2027 revenue guidance was approximately $1.71 billion at the midpoint, about 2.8% above analyst expectations. The company also reported record numbers of large annual-contract-value deals, suggesting healthy enterprise momentum. Atlassian Beats Expectations in Strong Q2 CY2026
• Neutral Sentiment: Full-year fiscal 2027 revenue guidance of roughly $7.4 billion was broadly in line with consensus. This supports continued growth but does not represent a major upward revision to expectations. Atlassian beats quarterly estimates on strong cloud demand
• Negative Sentiment: Profit-taking is likely weighing on the stock. TEAM jumped more than 30% in extended trading after the report, so some investors may be locking in gains during regular trading. Atlassian also continues to report a negative net margin, underscoring that strong growth has not yet translated into consistent GAAP profitability.

Atlassian Company Profile

Atlassian Corporation Plc is a software company headquartered in Sydney, Australia, best known for developing collaboration, project management and software development tools. Founded in 2002 by Mike Cannon-Brookes and Scott Farquhar, Atlassian grew from a small engineering-focused team into a publicly traded company after its initial public offering in 2015. The company serves a global customer base that spans small teams to large enterprises across technology, financial services, government and other sectors.

Atlassian’s product portfolio centers on tools designed to help teams plan, build and support software and business processes.