111 Capital Grows Stock Holdings in Atlassian Corporation PLC $TEAM

Key Points

• 111 Capital increased its stake in Atlassian Corporation by 140.6%, owning 4,577 shares valued at approximately $930,000 after purchasing 2,675 additional shares in Q2.
• Atlassian reported $0.98 earnings per share for the most recent quarter, exceeding analyst expectations of $0.83, with a revenue of $1.38 billion that represented a 22.3% increase year-over-year.
• Several research firms have downgraded their target prices for Atlassian, with the consensus average now set at $248.74, and overall ratings ranging from "Strong Buy" to "Sell."

111 Capital increased its stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 140.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,577 shares of the technology company's stock after buying an additional 2,675 shares during the period. 111 Capital's holdings in Atlassian were worth $930,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Hennessy Advisors Inc. purchased a new stake in Atlassian during the second quarter worth about $100,000. QRG Capital Management Inc. increased its holdings in Atlassian by 3.2% during the 2nd quarter. QRG Capital Management Inc. now owns 9,206 shares of the technology company's stock valued at $1,870,000 after acquiring an additional 282 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in Atlassian by 14.5% during the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,548 shares of the technology company's stock valued at $314,000 after acquiring an additional 196 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Atlassian by 25.8% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 91,823 shares of the technology company's stock valued at $18,648,000 after acquiring an additional 18,830 shares in the last quarter. Finally, J. Safra Sarasin Holding AG purchased a new position in Atlassian during the 2nd quarter valued at about $1,761,000. Hedge funds and other institutional investors own 94.45% of the company's stock.

Atlassian Trading Down 0.4%

Shares of TEAM opened at $150.49 on Friday. The company has a market capitalization of $39.48 billion, a P/E ratio of -152.01 and a beta of 0.92. Atlassian Corporation PLC has a one year low of $147.40 and a one year high of $326.00. 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 stock has a 50-day moving average price of $171.67 and a 200 day moving average price of $195.39.

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on TEAM. BMO Capital Markets dropped their target price on shares of Atlassian from $225.00 to $200.00 and set an "outperform" rating for the company in a report on Friday, August 8th. Mizuho dropped their target price on shares of Atlassian from $265.00 to $235.00 and set an "outperform" rating for the company in a report on Friday, August 8th. Truist Financial set a $230.00 target price on shares of Atlassian in a report on Friday, August 8th. Barclays dropped their target price on shares of Atlassian from $244.00 to $215.00 and set an "overweight" rating for the company in a report on Friday, August 8th. Finally, Citigroup dropped their target price on shares of Atlassian from $300.00 to $240.00 and set a "buy" rating for the company in a report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $248.74.

Insider Buying and Selling

In related news, Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $152.50, for a total value of $1,168,912.50. Following the completion of the sale, the director owned 482,895 shares in the company, valued at approximately $73,641,487.50. The trade was a 1.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $152.50, for a total transaction of $1,168,912.50. Following the completion of the sale, the chief executive officer owned 482,895 shares of the company's stock, valued at approximately $73,641,487.50. This trade represents a 1.56% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 551,608 shares of company stock worth $99,222,126. Insiders own 38.55% of the company's stock.

Atlassian Company 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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