Assenagon Asset Management S.A. Has $78.05 Million Stock Holdings in Atlassian Corporation PLC $TEAM

Key Points

• Assenagon Asset Management S.A. increased its ownership in Atlassian Corporation PLC by 170.5%, holding a total of 384,328 shares valued at approximately $78 million after acquiring 242,236 additional shares.
• CEO Michael Cannon-Brookes and Director Scott Farquhar each sold 7,665 shares at an average price of $173.56, resulting in an 11.11% decrease in their respective holdings.
• Atlassian posted earnings of $0.98 per share for the last quarter, surpassing expectations and showing a 22.3% increase in revenue compared to the previous year.

Assenagon Asset Management S.A. increased its stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 170.5% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 384,328 shares of the technology company's stock after acquiring an additional 242,236 shares during the period. Assenagon Asset Management S.A. owned approximately 0.15% of Atlassian worth $78,053,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Perpetual Ltd increased its holdings in Atlassian by 4.9% during the 2nd quarter. Perpetual Ltd now owns 12,251 shares of the technology company's stock valued at $2,488,000 after purchasing an additional 571 shares in the last quarter. IFM Investors Pty Ltd boosted its stake in shares of Atlassian by 6.8% in the 2nd quarter. IFM Investors Pty Ltd now owns 30,433 shares of the technology company's stock worth $6,181,000 after buying an additional 1,938 shares during the last quarter. Mn Services Vermogensbeheer B.V. grew its position in Atlassian by 9.3% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 61,300 shares of the technology company's stock worth $12,449,000 after acquiring an additional 5,200 shares in the last quarter. Swedbank AB lifted its holdings in Atlassian by 752.9% in the second quarter. Swedbank AB now owns 572,976 shares of the technology company's stock worth $116,366,000 after buying an additional 505,797 shares during the period. Finally, Sivia Capital Partners LLC boosted its holdings in Atlassian by 27.5% in the second quarter. Sivia Capital Partners LLC now owns 1,873 shares of the technology company's stock worth $380,000 after purchasing an additional 404 shares during the last quarter. 94.45% of the stock is currently owned by institutional investors.

Atlassian Price Performance

Shares of NASDAQ TEAM traded down $0.58 during mid-day trading on Friday, reaching $169.05. The company's stock had a trading volume of 2,754,523 shares, compared to its average volume of 2,185,951. Atlassian Corporation PLC has a 52 week low of $155.37 and a 52 week high of $326.00. The firm has a market capitalization of $44.35 billion, a PE ratio of -170.76 and a beta of 0.95. The stock has a fifty day moving average of $178.63 and a two-hundred day moving average of $199.53. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.22 and a quick ratio of 1.22.

Atlassian (NASDAQ:TEAM - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $0.98 earnings per share (EPS) 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 company had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.36 billion. During the same period in the previous year, the firm posted $0.66 EPS. Atlassian's revenue was up 22.3% compared to the same quarter last year. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, sell-side analysts anticipate that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. UBS Group reiterated a "hold" rating on shares of Atlassian in a research note on Monday, July 7th. Zacks Research upgraded Atlassian from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 20th. Barclays decreased their target price on Atlassian from $244.00 to $215.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. Truist Financial set a $230.00 price target on Atlassian in a report on Friday, August 8th. Finally, Canaccord Genuity Group reduced their price objective on Atlassian from $255.00 to $230.00 and set a "buy" rating for the company in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Atlassian presently has a consensus rating of "Moderate Buy" and an average price target of $255.45.

Insider Buying and Selling at Atlassian

In other Atlassian news, CEO Michael Cannon-Brookes sold 7,665 shares of the business's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $173.56, for a total value of $1,330,337.40. Following the completion of the transaction, the chief executive officer directly owned 61,320 shares of the company's stock, valued at approximately $10,642,699.20. The trade was a 11.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Scott Farquhar sold 7,665 shares of the business's stock in a transaction on 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 director directly owned 61,320 shares in the company, valued at approximately $10,642,699.20. This represents a 11.11% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 536,278 shares of company stock worth $99,596,944 over the last 90 days. 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.