NorthRock Partners LLC Invests $284,000 in Atlassian Corporation PLC $TEAM

NorthRock Partners LLC acquired a new position in Atlassian Corporation PLC (NASDAQ:TEAM) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,399 shares of the technology company’s stock, valued at approximately $284,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TEAM. Farther Finance Advisors LLC increased its stake in shares of Atlassian by 37.7% in the first quarter. Farther Finance Advisors LLC now owns 369 shares of the technology company’s stock worth $80,000 after acquiring an additional 101 shares during the period. Yousif Capital Management LLC increased its stake in shares of Atlassian by 2.9% in the first quarter. Yousif Capital Management LLC now owns 2,063 shares of the technology company’s stock worth $438,000 after acquiring an additional 58 shares during the period. GAMMA Investing LLC increased its stake in shares of Atlassian by 96.9% in the first quarter. GAMMA Investing LLC now owns 571 shares of the technology company’s stock worth $121,000 after acquiring an additional 281 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Atlassian by 70.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 21,407 shares of the technology company’s stock worth $4,543,000 after buying an additional 8,840 shares in the last quarter. Finally, Brighton Jones LLC purchased a new stake in Atlassian during the first quarter worth $206,000. Institutional investors and hedge funds own 94.45% of the company’s stock.

Atlassian Stock Performance

TEAM opened at $150.13 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.73. The company has a market cap of $39.38 billion, a price-to-earnings ratio of -151.64 and a beta of 0.92. Atlassian Corporation PLC has a 52-week low of $144.32 and a 52-week high of $326.00. The firm’s fifty day simple moving average is $164.60 and its two-hundred day simple moving average is $190.88.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.15. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.36 billion. Atlassian had a negative net margin of 4.92% and a negative return on equity of 14.77%. The company’s revenue was up 22.3% compared to the same quarter last year. During the same period last year, the firm posted $0.66 earnings per share. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Equities analysts anticipate that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

TEAM has been the topic of a number of recent analyst reports. Mizuho lowered their price target on shares of Atlassian from $265.00 to $235.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. BMO Capital Markets lowered their price target on shares of Atlassian from $225.00 to $200.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. Stephens lowered their price target on shares of Atlassian from $221.00 to $202.00 and set an “equal weight” rating on the stock in a report on Monday, August 11th. Capital One Financial downgraded shares of Atlassian from an “overweight” rating to an “equal weight” rating and set a $211.00 price target on the stock. in a report on Wednesday, July 16th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Atlassian in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $248.74.

Insider Transactions at Atlassian

In other news, CEO Michael Cannon-Brookes sold 7,665 shares of the firm’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $184.43, for a total value of $1,413,655.95. Following the transaction, the chief executive officer directly owned 314,265 shares of the company’s stock, valued at approximately $57,959,893.95. This trade represents a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Scott Farquhar sold 7,665 shares of the firm’s stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $197.88, for a total transaction of $1,516,750.20. Following the completion of the transaction, the director directly owned 329,595 shares in the company, valued at approximately $65,220,258.60. This represents a 2.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 551,608 shares of company stock valued at $94,572,077. Corporate insiders own 38.55% 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.