103,266 Shares in Atlassian Corporation PLC $TEAM Purchased by Strs Ohio

Key Points

• Strs Ohio purchased 103,266 shares of Atlassian Corporation PLC, valued at approximately $21.91 million, marking a significant new position in the company.
• Institutional investors and hedge funds now own 94.45% of Atlassian's stock, reflecting strong interest among large financial players.
• Atlassian reported earnings of $0.98 per share, exceeding expectations and showing a 22.3% year-over-year revenue increase in its latest quarterly performance.

Strs Ohio purchased a new position in Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 103,266 shares of the technology company's stock, valued at approximately $21,914,000.

A number of other large investors also recently bought and sold shares of the business. State of Wyoming raised its holdings in Atlassian by 20.3% in the 1st quarter. State of Wyoming now owns 278 shares of the technology company's stock worth $59,000 after purchasing an additional 47 shares during the period. First Citizens Bank & Trust Co. raised its holdings in shares of Atlassian by 4.7% during the first quarter. First Citizens Bank & Trust Co. now owns 1,192 shares of the technology company's stock valued at $253,000 after acquiring an additional 54 shares during the last quarter. First Horizon Advisors Inc. raised its holdings 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 valued at $57,000 after acquiring an additional 55 shares during the last quarter. Fulton Bank N.A. raised its holdings in shares of Atlassian by 3.1% during the first quarter. Fulton Bank N.A. now owns 1,892 shares of the technology company's stock valued at $402,000 after acquiring an additional 57 shares during the last quarter. Finally, Yousif Capital Management LLC raised its holdings in shares of Atlassian by 2.9% during the first quarter. Yousif Capital Management LLC now owns 2,063 shares of the technology company's stock valued at $438,000 after acquiring an additional 58 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on TEAM. BMO Capital Markets reduced their target price on Atlassian from $225.00 to $200.00 and set an "outperform" rating for the company in a report on Friday, August 8th. Citigroup reduced their target price on Atlassian from $300.00 to $240.00 and set a "buy" rating for the company in a report on Monday, August 18th. Stephens reduced their target price on Atlassian from $221.00 to $202.00 and set an "equal weight" rating for the company in a report on Monday, August 11th. Barclays dropped their price target on Atlassian from $244.00 to $215.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. Finally, UBS Group restated a "hold" rating on shares of Atlassian in a research report on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $255.45.

Insider Buying and Selling

In related news, President Anutthara Bharadwaj sold 7,728 shares of the stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $163.43, for a total value of $1,262,987.04. Following the completion of the transaction, the president directly owned 182,801 shares in the company, valued at approximately $29,875,167.43. This represents a 4.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $203.66, for a total value of $1,561,053.90. Following the completion of the transaction, the chief executive officer owned 7,665 shares of the company's stock, valued at $1,561,053.90. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 536,278 shares of company stock worth $100,612,557. Company insiders own 38.55% of the company's stock.

Atlassian Price Performance

TEAM stock opened at $174.87 on Friday. The firm has a market capitalization of $45.87 billion, a PE ratio of -176.63 and a beta of 0.95. Atlassian Corporation PLC has a 1 year low of $154.07 and a 1 year high of $326.00. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.22 and a quick ratio of 1.22. The business has a 50 day simple moving average of $182.36 and a 200-day simple moving average of $204.16.

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

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.

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