Financiere des Professionnels Fonds d investissement inc. Buys Shares of 2,092 Atlassian Corporation PLC $TEAM

Key Points

• Financiere des Professionnels Fonds d'investissement inc. has acquired 2,092 shares of Atlassian Corporation PLC, valued at approximately $425,000, as reported in their recent SEC filing.
• Analysts have issued various revised price targets for Atlassian, with Barclays setting a target of $215.00, down from $244.00, indicating a generally cautious outlook.
• Atlassian's latest quarterly earnings report showed a 22.3% year-over-year revenue increase to $1.38 billion, and an EPS of $0.98, surpassing analysts’ expectations.

Financiere des Professionnels Fonds d investissement inc. acquired a new position in shares of Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,092 shares of the technology company's stock, valued at approximately $425,000.

Other hedge funds have also recently bought and sold shares of the company. Clean Yield Group boosted its position in Atlassian by 372.0% in the first quarter. Clean Yield Group now owns 118 shares of the technology company's stock valued at $25,000 after buying an additional 93 shares in the last quarter. Smithfield Trust Co boosted its position in Atlassian by 90.7% in the first quarter. Smithfield Trust Co now owns 164 shares of the technology company's stock valued at $34,000 after buying an additional 78 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in Atlassian by 447.2% in the first quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company's stock valued at $42,000 after buying an additional 161 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Atlassian by 82.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 243 shares of the technology company's stock valued at $52,000 after buying an additional 110 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its position in Atlassian by 25.9% in the first quarter. First Horizon Advisors Inc. now owns 267 shares of the technology company's stock valued at $57,000 after buying an additional 55 shares in the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Mizuho reduced their target price on shares of Atlassian from $265.00 to $235.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. BMO Capital Markets reduced their target price on shares of Atlassian from $225.00 to $200.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. Guggenheim began coverage on shares of Atlassian in a research note on Thursday, September 11th. They set a "buy" rating and a $225.00 price target for the company. KeyCorp dropped their price target on shares of Atlassian from $275.00 to $250.00 and set an "overweight" rating for the company in a research note on Thursday, July 17th. Finally, Stephens dropped their price target on shares of Atlassian from $221.00 to $202.00 and set an "equal weight" rating for the company in a research note on Monday, August 11th. One equities research 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 stock. According to MarketBeat, Atlassian presently has an average rating of "Moderate Buy" and an average price target of $255.45.

Insiders Place Their Bets

In other Atlassian news, CEO Michael Cannon-Brookes sold 7,665 shares of the stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $173.56, for a total value of $1,330,337.40. Following the completion of the sale, the chief executive officer owned 61,320 shares in the company, valued at $10,642,699.20. This trade represents a 11.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Scott Farquhar sold 7,665 shares of the stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $173.56, for a total transaction of $1,330,337.40. Following the completion of the sale, the director owned 61,320 shares of the company's stock, valued at approximately $10,642,699.20. This represents a 11.11% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 536,278 shares of company stock valued at $99,596,944. Corporate insiders own 38.55% of the company's stock.

Atlassian Stock Down 0.3%

TEAM traded down $0.58 during trading hours on Friday, hitting $169.05. 2,754,523 shares of the company's stock were exchanged, compared to its average volume of 2,379,551. Atlassian Corporation PLC has a 1-year low of $155.37 and a 1-year high of $326.00. The stock's 50-day moving average is $178.99 and its two-hundred day moving average is $201.14. The stock has a market cap of $44.35 billion, a price-to-earnings ratio of -170.76 and a beta of 0.95. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.73.

Atlassian (NASDAQ:TEAM - Get Free Report) last announced its earnings results on Thursday, August 7th. The technology company reported $0.98 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $1.36 billion. During the same quarter in the prior year, the company posted $0.66 earnings per share. The firm's revenue was up 22.3% on a year-over-year basis. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Sell-side analysts predict that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

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.