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

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Nuveen LLC purchased a new stake in shares of Atlassian in the first quarter valued at $327,665,000. AQR Capital Management LLC raised its stake in shares of Atlassian by 145.6% in the first quarter. AQR Capital Management LLC now owns 1,715,287 shares of the technology company's stock valued at $354,858,000 after acquiring an additional 1,016,902 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Atlassian by 21.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,440,813 shares of the technology company's stock worth $730,175,000 after purchasing an additional 616,071 shares during the period. Vanguard Group Inc. increased its stake in Atlassian by 3.5% in the first quarter. Vanguard Group Inc. now owns 16,993,537 shares of the technology company's stock worth $3,606,198,000 after purchasing an additional 580,583 shares during the period. Finally, Baillie Gifford & Co. increased its stake in Atlassian by 7.1% in the first quarter. Baillie Gifford & Co. now owns 8,694,755 shares of the technology company's stock worth $1,845,114,000 after purchasing an additional 573,696 shares during the period. 94.45% of the stock is owned by hedge funds and other institutional investors.

Atlassian Stock Down 0.3%

NASDAQ TEAM traded down $0.58 during trading on Friday, hitting $169.05. The company's stock had a trading volume of 2,754,523 shares, compared to its average volume of 2,134,461. 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 company has a market cap of $44.35 billion, a PE ratio of -170.76 and a beta of 0.95. The business's 50 day simple moving average is $178.63 and its 200-day simple moving average is $199.89. Atlassian Corporation PLC has a fifty-two week low of $155.37 and a fifty-two week high of $326.00.

Atlassian (NASDAQ:TEAM - Get Free Report) last issued its quarterly earnings results 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. Atlassian had a negative return on equity of 14.77% and a negative net margin of 4.92%.The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the company earned $0.66 earnings per share. The company's quarterly 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. On average, equities analysts anticipate that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TEAM has been the topic of a number of recent analyst reports. Cantor Fitzgerald reduced their target price on Atlassian from $256.00 to $240.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. Raymond James Financial reduced their target price on Atlassian from $300.00 to $250.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Capital One Financial lowered Atlassian from an "overweight" rating to an "equal weight" rating and set a $211.00 target price on the stock. in a research note on Wednesday, July 16th. Citigroup cut their price target on Atlassian from $300.00 to $240.00 and set a "buy" rating on the stock in a research note on Monday, August 18th. Finally, Oppenheimer cut their price target on Atlassian from $300.00 to $275.00 and set an "outperform" rating on the stock in a research note on Monday, July 21st. One investment 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $255.45.

Insider Transactions at Atlassian

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