Aberdeen Group plc Raises Holdings in Atlassian Corporation PLC $TEAM

Key Points

• Aberdeen Group plc increased its stake in Atlassian Corporation PLC by 7.4%, owning 109,267 shares valued at approximately $22.19 million following additional purchases in Q2.
• Several large investors, including Principal Financial Group and Allspring Global Investments, significantly increased their holdings in Atlassian in recent quarters, indicating a strong institutional interest.
• Atlassian's stock has a consensus rating of "Moderate Buy" with a target price of $248.74. The company reported earnings exceeding analyst expectations, with revenue growth of 22.3% year-over-year.

Aberdeen Group plc lifted its holdings in shares of Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 7.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 109,267 shares of the technology company's stock after buying an additional 7,526 shares during the period. Aberdeen Group plc's holdings in Atlassian were worth $22,191,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. One Wealth Advisors LLC raised its stake in shares of Atlassian by 56.7% during the 2nd quarter. One Wealth Advisors LLC now owns 4,436 shares of the technology company's stock worth $901,000 after buying an additional 1,606 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Atlassian by 37.7% during the 1st quarter. Farther Finance Advisors LLC now owns 369 shares of the technology company's stock worth $80,000 after buying an additional 101 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Atlassian by 42.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,240 shares of the technology company's stock worth $900,000 after buying an additional 1,259 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Atlassian by 350.1% during the 1st quarter. Principal Financial Group Inc. now owns 51,900 shares of the technology company's stock worth $11,014,000 after buying an additional 40,369 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Atlassian by 47,387.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,799 shares of the technology company's stock worth $822,000 after buying an additional 3,791 shares in the last quarter. 94.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TEAM shares. UBS Group reaffirmed a "hold" rating on shares of Atlassian in a research note on Monday, July 7th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Atlassian in a research note on Wednesday, October 8th. Barclays dropped their price objective on Atlassian from $244.00 to $215.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. Citigroup dropped their price objective on Atlassian from $300.00 to $240.00 and set a "buy" rating for the company in a research note on Monday, August 18th. Finally, Bank of America started coverage on Atlassian in a research note on Tuesday, September 23rd. They issued a "neutral" rating and a $200.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $248.74.

Atlassian Stock Performance

Atlassian stock opened at $149.39 on Tuesday. 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 fifty day moving average of $166.31 and a two-hundred day moving average of $191.84. The company has a market capitalization of $39.19 billion, a price-to-earnings ratio of -150.90 and a beta of 0.92. Atlassian Corporation PLC has a fifty-two week low of $144.32 and a fifty-two week high of $326.00.

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 analysts' consensus estimates of $0.83 by $0.15. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.36 billion. Atlassian had a negative return on equity of 14.77% and a negative net margin of 4.92%.The business's revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.66 earnings per share. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, analysts anticipate that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Insider Activity

In other news, CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction on Friday, October 10th. The stock was sold at an average price of $145.85, for a total value of $1,117,940.25. Following the completion of the sale, the chief executive officer owned 429,240 shares of the company's stock, valued at $62,604,654. The trade was a 1.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction on Friday, October 10th. The shares were sold at an average price of $145.85, for a total value of $1,117,940.25. Following the completion of the sale, the director directly owned 429,240 shares of the company's stock, valued at approximately $62,604,654. This represents a 1.75% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 551,608 shares of company stock valued at $95,837,569 over the last quarter. Company insiders own 38.55% of the company's stock.

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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