Dorsey & Whitney Trust CO LLC Purchases 802 Shares of Atlassian Corporation PLC $TEAM

Dorsey & Whitney Trust CO LLC grew its position in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 65.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,029 shares of the technology company’s stock after purchasing an additional 802 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Atlassian were worth $412,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in TEAM. Capco Asset Management LLC purchased a new position in Atlassian during the second quarter worth about $25,000. Smithfield Trust Co raised its holdings in shares of Atlassian by 90.7% in the 1st quarter. Smithfield Trust Co now owns 164 shares of the technology company’s stock valued at $34,000 after acquiring an additional 78 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Atlassian by 447.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock valued at $42,000 after acquiring an additional 161 shares during the last quarter. State of Wyoming grew its holdings in shares of Atlassian by 20.3% during the first quarter. State of Wyoming now owns 278 shares of the technology company’s stock worth $59,000 after purchasing an additional 47 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its position in shares of Atlassian by 40.1% in the second quarter. First Horizon Advisors Inc. now owns 374 shares of the technology company’s stock worth $76,000 after purchasing an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Guggenheim started coverage on shares of Atlassian in a research report on Thursday, September 11th. They set a “buy” rating and a $225.00 target price for the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Atlassian in a report on Wednesday, October 8th. KeyCorp cut their target price on shares of Atlassian from $250.00 to $210.00 and set an “overweight” rating for the company in a research report on Thursday, October 23rd. Canaccord Genuity Group reissued a “buy” rating and issued a $230.00 target price on shares of Atlassian in a research note on Wednesday, October 22nd. Finally, Mizuho raised their price target on Atlassian from $235.00 to $245.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $240.00.

Atlassian Price Performance

TEAM stock opened at $146.51 on Thursday. The firm has a market cap of $38.55 billion, a P/E ratio of -206.35, a P/E/G ratio of 35.28 and a beta of 0.95. The firm’s fifty day moving average is $159.76 and its 200 day moving average is $182.58. Atlassian Corporation PLC has a 52 week low of $144.32 and a 52 week high of $326.00. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.26 and a current ratio of 1.26.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share for the quarter, topping 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 business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the firm posted $0.77 earnings per share. The firm’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. Research analysts predict that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Scott Farquhar sold 7,665 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $147.41, for a total transaction of $1,129,897.65. Following the completion of the sale, the director owned 222,285 shares of the company’s stock, valued at approximately $32,767,031.85. This represents a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $147.41, for a total transaction of $1,129,897.65. Following the completion of the transaction, the chief executive officer owned 222,285 shares in the company, valued at $32,767,031.85. This represents a 3.33% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have purchased 4,497 shares of company stock worth $742,375 and have sold 574,422 shares worth $93,484,396. Insiders own 36.66% of the company’s stock.

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.