1,449 Shares in Atlassian Corporation PLC $TEAM Bought by OMNI 360 Wealth Inc.

Key Points

• OMNI 360 Wealth Inc. purchased 1,449 shares of Atlassian Corporation PLC, valued at approximately $294,000, marking the fund's new position in the company during Q2.
• Insiders, including Director Scott Farquhar and CEO Michael Cannon-Brookes, sold 7,665 shares each at an average price of $175.76, indicating a 7.14% decrease in their ownership of Atlassian stock.
• Analysts have mixed ratings for Atlassian, with a moderate buy average rating and a target price range between $211.00 and $265.00 reflecting various changes in outlook.

OMNI 360 Wealth Inc. bought a new position in shares of Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,449 shares of the technology company's stock, valued at approximately $294,000.

Other institutional investors have also added to or reduced their stakes in the company. Nuveen LLC bought a new stake in shares of Atlassian during the 1st quarter worth $327,665,000. AQR Capital Management LLC lifted its stake in Atlassian by 145.6% during the first quarter. AQR Capital Management LLC now owns 1,715,287 shares of the technology company's stock worth $354,858,000 after purchasing an additional 1,016,902 shares during the last quarter. Whale Rock Capital Management LLC bought a new position in shares of Atlassian during the 4th quarter valued at about $170,943,000. Massachusetts Financial Services Co. MA grew its position in Atlassian by 21.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,440,813 shares of the technology company's stock valued at $730,175,000 after acquiring an additional 616,071 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Atlassian by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 16,993,537 shares of the technology company's stock valued at $3,606,198,000 after purchasing an additional 580,583 shares during the last quarter. 94.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Atlassian

In other Atlassian news, Director Scott Farquhar sold 7,665 shares of the stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $175.76, for a total value of $1,347,200.40. Following the transaction, the director owned 99,645 shares of the company's stock, valued at approximately $17,513,605.20. This represents a 7.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the company's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $175.76, for a total transaction of $1,347,200.40. Following the sale, the chief executive officer directly owned 99,645 shares of the company's stock, valued at $17,513,605.20. The trade was a 7.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold 520,948 shares of company stock valued at $97,536,133 in the last ninety days. 38.55% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Mizuho decreased their target price on shares of Atlassian from $265.00 to $235.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Zacks Research upgraded shares of Atlassian from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 20th. Raymond James Financial lowered their price objective on shares of Atlassian from $300.00 to $250.00 and set an "outperform" rating for the company in a report on Friday, August 8th. Capital One Financial downgraded Atlassian from an "overweight" rating to an "equal weight" rating and set a $211.00 price objective for the company. in a report on Wednesday, July 16th. Finally, Truist Financial set a $230.00 target price on shares of Atlassian in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $255.45.

Atlassian Stock Performance

TEAM stock opened at $174.87 on Monday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.73. Atlassian Corporation PLC has a 12-month low of $154.07 and a 12-month high of $326.00. The stock has a market capitalization of $45.87 billion, a PE ratio of -176.63 and a beta of 0.95. The stock's 50 day simple moving average is $182.36 and its 200 day simple moving average is $203.05.

Atlassian (NASDAQ:TEAM - Get Free Report) last posted its earnings results on Thursday, August 7th. The technology company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.15. Atlassian had a negative net margin of 4.92% and a negative return on equity of 14.77%. The business had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.36 billion. During the same quarter in the prior year, the business earned $0.66 EPS. The business'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. As a group, research analysts forecast 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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