Atlassian (NASDAQ:TEAM) Director Purchases $239,754.60 in Stock

Key Points

• Atlassian Corporation PLC's Director, Scott Belsky, recently purchased 1,566 shares of the company’s stock for approximately $239,754.60, raising his ownership stake by over 107%.
• The company's shares have demonstrated volatility, trading at around $151.05, down from a one-year high of $326.00, with a market capitalization of $39.62 billion.
• Atlassian reported strong quarterly earnings with a revenue of $1.38 billion, surpassing estimates, and an EPS of $0.98, which beat the consensus by $0.15.

Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) Director Scott Belsky purchased 1,566 shares of Atlassian stock in a transaction that occurred on Wednesday, October 1st. The shares were purchased at an average price of $153.10 per share, for a total transaction of $239,754.60. Following the transaction, the director directly owned 3,021 shares in the company, valued at $462,515.10. This represents a 107.63% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Scott Belsky also recently made the following trade(s):

• On Thursday, August 28th, Scott Belsky purchased 1,455 shares of Atlassian stock. The shares were purchased at an average price of $173.00 per share, for a total transaction of $251,715.00.

Atlassian Price Performance

Shares of NASDAQ TEAM traded up $1.48 during trading hours on Thursday, hitting $151.05. 3,482,063 shares of the stock were exchanged, compared to its average volume of 2,396,862. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market cap of $39.62 billion, a PE ratio of -152.57 and a beta of 0.92. The company's fifty day simple moving average is $173.70 and its two-hundred day simple moving average is $196.59. Atlassian Corporation PLC has a 1-year low of $147.40 and a 1-year high of $326.00.

Atlassian (NASDAQ:TEAM - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The technology company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.83 by $0.15. The business had revenue of $1.38 billion during 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 firm's revenue was up 22.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.66 EPS. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, sell-side analysts predict that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Hedge Funds Weigh In On Atlassian

Several large investors have recently modified their holdings of the business. Clean Yield Group increased its position in shares of Atlassian by 372.0% during the first quarter. Clean Yield Group now owns 118 shares of the technology company's stock worth $25,000 after buying an additional 93 shares during the period. Capco Asset Management LLC acquired a new stake in shares of Atlassian during the second quarter worth $25,000. Smithfield Trust Co increased its position in shares of Atlassian by 90.7% during the first quarter. Smithfield Trust Co now owns 164 shares of the technology company's stock worth $34,000 after buying an additional 78 shares during the period. Geneos Wealth Management Inc. increased its position in shares of Atlassian by 447.2% during the first quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company's stock worth $42,000 after buying an additional 161 shares during the period. Finally, First Horizon Advisors Inc. increased its position in shares of Atlassian by 25.9% during the first quarter. First Horizon Advisors Inc. now owns 267 shares of the technology company's stock worth $57,000 after buying an additional 55 shares during the period. Institutional investors own 94.45% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Capital One Financial downgraded shares of Atlassian from an "overweight" rating to an "equal weight" rating and set a $211.00 price objective for the company. in a research note on Wednesday, July 16th. Guggenheim assumed coverage on shares of Atlassian in a research note on Thursday, September 11th. They issued a "buy" rating and a $225.00 price objective for the company. BMO Capital Markets dropped their price objective on shares of Atlassian from $225.00 to $200.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. Zacks Research raised shares of Atlassian from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 20th. Finally, Wells Fargo & Company assumed coverage on shares of Atlassian in a research note on Tuesday. They set an "overweight" rating and a $216.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $248.74.

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.

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