Torrey Growth & Income Advisors trimmed its holdings in shares of Atlassian Corporation PLC (NASDAQ:TEAM – Free Report) by 75.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,360 shares of the technology company’s stock after selling 4,100 shares during the period. Torrey Growth & Income Advisors’ holdings in Atlassian were worth $245,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TEAM. Activest Wealth Management raised its stake in Atlassian by 372.4% in the third quarter. Activest Wealth Management now owns 137 shares of the technology company’s stock valued at $25,000 after buying an additional 108 shares during the last quarter. Manning & Napier Advisors LLC acquired a new position in shares of Atlassian during the second quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Atlassian by 139.2% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 378 shares of the technology company’s stock valued at $29,000 after acquiring an additional 220 shares in the last quarter. Western Wealth Management LLC purchased a new position in shares of Atlassian in the 1st quarter valued at approximately $30,000. Finally, State of Wyoming raised its position in shares of Atlassian by 65.7% in the 1st quarter. State of Wyoming now owns 449 shares of the technology company’s stock valued at $31,000 after purchasing an additional 178 shares during the last quarter. 94.45% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Atlassian
In other news, CRO Brian Duffy sold 1,851 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $172.45, for a total value of $319,204.95. Following the sale, the executive directly owned 218,223 shares of the company’s stock, valued at $37,632,556.35. This represents a 0.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Gene Liu sold 337 shares of the stock in a transaction on Monday, October 12th. The stock was sold at an average price of $210.00, for a total transaction of $70,770.00. Following the completion of the sale, the chief accounting officer owned 55,531 shares in the company, valued at $11,661,510. The trade was a 0.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 22,475 shares of company stock worth $3,822,643. Company insiders own 37.63% of the company’s stock.
Atlassian Trading Up 0.8%
Atlassian stock opened at $154.90 on Tuesday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.93. Atlassian Corporation PLC has a 52 week low of $56.01 and a 52 week high of $229.96. The company has a market capitalization of $39.21 billion, a price-to-earnings ratio of 430.29, a price-to-earnings-growth ratio of 20.25 and a beta of 1.16. The stock has a 50-day moving average price of $195.34 and a 200 day moving average price of $119.74.
Atlassian (NASDAQ:TEAM – Get Free Report) last issued its quarterly earnings results on Thursday, November 5th. The technology company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.26. Atlassian had a negative net margin of 0.82% and a positive return on equity of 20.99%. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the prior year, the company earned $1.04 EPS. Atlassian’s quarterly revenue was up 23.7% on a year-over-year basis. Sell-side analysts anticipate that Atlassian Corporation PLC will post 0.66 EPS for the current year.
Analysts Set New Price Targets
TEAM has been the subject of a number of recent analyst reports. Royal Bank Of Canada lifted their target price on shares of Atlassian from $215.00 to $235.00 and gave the stock an “outperform” rating in a research note on Monday, October 12th. KeyCorp upped their price target on shares of Atlassian from $185.00 to $235.00 and gave the company an “overweight” rating in a research note on Monday, October 19th. Mizuho raised their price target on shares of Atlassian from $215.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, October 15th. Piper Sandler lifted their price objective on shares of Atlassian from $175.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, TD Cowen boosted their price objective on shares of Atlassian from $145.00 to $180.00 and gave the company a “hold” rating in a report on Tuesday, November 3rd. Twenty-four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Atlassian currently has a consensus rating of “Moderate Buy” and an average price target of $209.48.
View Our Latest Report on TEAM
More Atlassian News
Here are the key news stories impacting Atlassian this week:
- Positive Sentiment: Atlassian beat fiscal Q1 2027 estimates for revenue, earnings and cloud growth. Citigroup and Barclays still rate the stock Buy and Overweight, respectively, despite lowering their targets to $220 and $210—both above the cited $154.90 share price. Atlassian Tanks After Huge Run as Guidance Disappoints, But Strength Remains
- Positive Sentiment: Truist reiterated its Buy rating, and another analyst raised its price target to $190, offering some counterweight to the broader set of target cuts. Truist Buy Rating Reiterated Price Target Raised to $190
- Neutral Sentiment: Technical commentary describes the stock as oversold, with a possible bounce facing heavy overhead supply—suggesting any recovery could encounter resistance. Oversold Bounce Test Meets Heavy Overhead Supply
- Negative Sentiment: Despite the earnings beat, management’s guidance implied slowing growth, triggering a sharp post-results selloff. Several analysts also reduced price targets, reflecting increased caution about the growth outlook. Guidance Disappointment and Analyst Revisions
About Atlassian
Atlassian Corporation develops collaboration and productivity software for software, IT and business teams. Its products help organizations plan and track work, manage software development and support services, and share information across teams.
Its product portfolio includes Jira for project and issue tracking, Confluence for team documentation and collaboration, Jira Service Management for IT and other service teams, Trello for visual work management, and Bitbucket for code collaboration.
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Want to see what other hedge funds are holding TEAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Atlassian Corporation PLC (NASDAQ:TEAM – Free Report).
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