Amundi Acquires 527,913 Shares of Atlassian Corporation PLC $TEAM

Key Points

• Amundi increased its stake in Atlassian Corporation PLC by 72.9% to own 1,252,557 shares worth approximately $248.45 million as of its latest SEC filing.
• Atlassian reported an earnings per share (EPS) of $0.98, exceeding analysts' expectations of $0.83, while quarterly revenue rose by 22.3% year-over-year.
• Analysts have set a consensus target price of $256.90 for Atlassian stock, which is currently rated as a "Moderate Buy" based on 18 "Buy" and 6 "Hold" ratings.

Amundi increased its position in shares of Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 72.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,252,557 shares of the technology company's stock after purchasing an additional 527,913 shares during the quarter. Amundi owned 0.48% of Atlassian worth $248,445,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of TEAM. Clean Yield Group raised its holdings in Atlassian by 372.0% in the 1st quarter. Clean Yield Group now owns 118 shares of the technology company's stock valued at $25,000 after acquiring an additional 93 shares during the last quarter. Colonial Trust Co SC lifted its holdings in shares of Atlassian by 100.0% during the 4th quarter. Colonial Trust Co SC now owns 138 shares of the technology company's stock valued at $34,000 after acquiring an additional 69 shares in the last quarter. Smithfield Trust Co boosted its position 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. MassMutual Private Wealth & Trust FSB increased its holdings in Atlassian by 82.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 243 shares of the technology company's stock valued at $52,000 after purchasing an additional 110 shares in the last quarter. Finally, First Horizon Advisors Inc. raised 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 purchasing an additional 55 shares during the period. Institutional investors and hedge funds own 94.45% of the company's stock.

Atlassian Stock Performance

NASDAQ TEAM traded down $7.13 during trading hours on Wednesday, hitting $175.23. The company had a trading volume of 716,303 shares, compared to its average volume of 2,385,903. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.73. The firm has a market cap of $45.97 billion, a P/E ratio of -177.17 and a beta of 0.95. Atlassian Corporation PLC has a fifty-two week low of $154.07 and a fifty-two week high of $326.00. The business has a fifty day simple moving average of $184.52 and a 200-day simple moving average of $205.87.

Atlassian (NASDAQ:TEAM - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The technology company reported $0.98 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.15. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.36 billion. Atlassian had a negative net margin of 4.92% and a negative return on equity of 14.77%. Atlassian's revenue was up 22.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.66 EPS. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Equities analysts predict that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Insider Buying and Selling

In other Atlassian news, Director Scott Farquhar sold 7,665 shares of the company's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $192.68, for a total transaction of $1,476,892.20. Following the completion of the sale, the director directly owned 38,325 shares of the company's stock, valued at approximately $7,384,461. This represents a 16.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Anutthara Bharadwaj sold 7,728 shares of the business's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $163.43, for a total transaction of $1,262,987.04. Following the sale, the president owned 182,801 shares in the company, valued at $29,875,167.43. This represents a 4.06% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 536,278 shares of company stock valued at $100,977,258. 38.55% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on TEAM shares. Wall Street Zen downgraded Atlassian from a "buy" rating to a "hold" rating in a report on Friday, September 5th. Stephens lowered their price objective on shares of Atlassian from $221.00 to $202.00 and set an "equal weight" rating for the company in a research report on Monday, August 11th. UBS Group reiterated a "hold" rating on shares of Atlassian in a research note on Monday, July 7th. Raymond James Financial reduced their target price on shares of Atlassian from $300.00 to $250.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. Finally, BMO Capital Markets decreased their target price on shares of Atlassian from $225.00 to $200.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Atlassian has an average rating of "Moderate Buy" and an average target price of $256.90.

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.