Arohi Asset Management PTE Ltd. Has $51.40 Million Stock Holdings in Atlassian Corporation PLC $TEAM

Key Points

• Arohi Asset Management PTE Ltd. reduced its holdings in Atlassian Corporation PLC by 45.7%, owning now 242,222 shares, valued at approximately $51.4 million.
• The company's quarterly earnings exceeded expectations, reporting $0.98 EPS on revenue of $1.38 billion, signaling a 22.3% increase year-over-year.
• Insider trading activity included CEO Michael Cannon-Brookes selling 7,665 shares, indicating a 4.17% decrease in his ownership stake.

Arohi Asset Management PTE Ltd. cut its stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 45.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 242,222 shares of the technology company's stock after selling 203,972 shares during the quarter. Atlassian accounts for 17.3% of Arohi Asset Management PTE Ltd.'s portfolio, making the stock its 3rd largest holding. Arohi Asset Management PTE Ltd. owned 0.09% of Atlassian worth $51,402,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Clean Yield Group lifted its position in shares of 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 in the last quarter. Colonial Trust Co SC increased its stake in Atlassian by 100.0% in the 4th quarter. Colonial Trust Co SC now owns 138 shares of the technology company's stock valued at $34,000 after buying an additional 69 shares during the period. Smithfield Trust Co increased its stake in Atlassian by 90.7% in the 1st quarter. Smithfield Trust Co now owns 164 shares of the technology company's stock valued at $34,000 after buying an additional 78 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake 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 buying an additional 110 shares during the period. Finally, First Horizon Advisors Inc. increased its stake in Atlassian by 25.9% in the 1st 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 during the period. 94.45% of the stock is owned by institutional investors.

Insider Activity at Atlassian

In related news, President Anutthara Bharadwaj sold 7,728 shares of the firm's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $163.43, for a total value of $1,262,987.04. Following the transaction, the president owned 182,801 shares in the company, valued at $29,875,167.43. This trade represents a 4.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Cannon-Brookes sold 7,948 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $216.09, for a total value of $1,717,483.32. The disclosure for this sale can be found here. Insiders have sold a total of 523,766 shares of company stock worth $100,295,342 over the last 90 days. Insiders own 38.55% of the company's stock.

Atlassian Price Performance

Shares of NASDAQ TEAM traded down $5.18 during midday trading on Tuesday, reaching $172.60. 1,655,538 shares of the company traded hands, compared to its average volume of 2,381,570. The firm has a market cap of $45.28 billion, a PE ratio of -174.34 and a beta of 0.95. The stock's 50-day simple moving average is $187.95 and its 200-day simple moving average is $210.65. Atlassian Corporation PLC has a 12 month low of $154.07 and a 12 month high of $326.00. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.22 and a current ratio of 1.22.

Atlassian (NASDAQ:TEAM - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The technology company reported $0.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.36 billion. During the same period last year, the business earned $0.66 earnings per share. The business'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. As a group, equities analysts anticipate that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TEAM has been the topic of several research reports. 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. Raymond James Financial dropped their price target on shares of Atlassian from $300.00 to $250.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Cantor Fitzgerald reduced their price objective on shares of Atlassian from $256.00 to $240.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. UBS Group reaffirmed a "hold" rating on shares of Atlassian in a research report on Monday, July 7th. Finally, KeyCorp dropped their target price on shares of Atlassian from $275.00 to $250.00 and set an "overweight" rating on the stock in a research report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $256.90.

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.