75,169 Shares in Atlassian Corporation PLC $TEAM Acquired by Aware Super Pty Ltd as trustee of Aware Super

Key Points

• Aware Super Pty Ltd acquired 75,169 shares of Atlassian Corporation PLC, valued at approximately $15.3 million, according to its recent Form 13F filing.
• CEO Michael Cannon-Brookes and Director Scott Farquhar each sold 7,665 shares at an average price of $147.81, resulting in a total transaction of about $1.13 million.
• A variety of institutional investors have made significant modifications to their stakes in Atlassian, with 94.45% of the stock now owned by institutional investors and hedge funds.

Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 75,169 shares of the technology company's stock, valued at approximately $15,266,000.

A number of other institutional investors have also modified their holdings of the business. Smithfield Trust Co boosted its stake in Atlassian by 90.7% during the 1st quarter. Smithfield Trust Co now owns 164 shares of the technology company's stock worth $34,000 after purchasing an additional 78 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of 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 during the last quarter. First Horizon Advisors Inc. boosted its stake 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 worth $57,000 after buying an additional 55 shares during the period. State of Wyoming grew its holdings in shares of Atlassian by 20.3% during the first quarter. State of Wyoming now owns 278 shares of the technology company's stock worth $59,000 after buying an additional 47 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in Atlassian by 37.7% in the 1st quarter. Farther Finance Advisors LLC now owns 369 shares of the technology company's stock valued at $80,000 after acquiring an additional 101 shares during the period. 94.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Atlassian

In related news, CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction on Monday, October 13th. The stock was sold at an average price of $147.81, for a total transaction of $1,132,963.65. Following the completion of the transaction, the chief executive officer directly owned 413,910 shares of the company's stock, valued at approximately $61,180,037.10. The trade was a 1.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Scott Farquhar sold 7,665 shares of the business's stock in a transaction on Monday, October 13th. The stock was sold at an average price of $147.81, for a total value of $1,132,963.65. Following the sale, the director owned 413,910 shares in the company, valued at approximately $61,180,037.10. The trade was a 1.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 551,608 shares of company stock worth $95,200,454 in the last three months. Corporate insiders own 38.55% of the company's stock.

Atlassian Stock Performance

NASDAQ:TEAM opened at $149.84 on Thursday. 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 Corporation PLC has a fifty-two week low of $144.32 and a fifty-two week high of $326.00. The stock has a market cap of $39.31 billion, a PE ratio of -151.35 and a beta of 0.92. The firm's fifty day simple moving average is $165.02 and its 200-day simple moving average is $191.31.

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

Analysts Set New Price Targets

A number of research firms have weighed in on TEAM. Zacks Research cut Atlassian from a "hold" rating to a "strong sell" rating in a research report on Tuesday, October 7th. Citigroup decreased their price target on Atlassian from $300.00 to $240.00 and set a "buy" rating for the company in a report on Monday, August 18th. Canaccord Genuity Group dropped their price objective on shares of Atlassian from $255.00 to $230.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. Barclays reduced their target price on shares of Atlassian from $244.00 to $215.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. Finally, BMO Capital Markets dropped their price target on shares of Atlassian from $225.00 to $200.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $248.74.

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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