IFM Investors Pty Ltd Acquires 1,938 Shares of Atlassian Corporation PLC $TEAM

Key Points

• IFM Investors Pty Ltd increased its stake in Atlassian Corporation PLC by 6.8%, holding 30,433 shares valued at approximately $6.18 million as of its latest SEC filing.
• A significant portion of Atlassian's stock, approximately 94.45%, is currently owned by institutional investors, highlighting strong institutional interest in the company.
• Atlassian's recent financial performance exceeded expectations, with earnings per share of $0.98 for the last quarter, which surpasses analysts' estimates of $0.83.

IFM Investors Pty Ltd lifted its holdings in shares of Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 6.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 30,433 shares of the technology company's stock after purchasing an additional 1,938 shares during the period. IFM Investors Pty Ltd's holdings in Atlassian were worth $6,181,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Clean Yield Group boosted its holdings in Atlassian by 372.0% in the first 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. Smithfield Trust Co lifted its holdings in shares of Atlassian by 90.7% during the 1st quarter. Smithfield Trust Co now owns 164 shares of the technology company's stock valued at $34,000 after purchasing an additional 78 shares in the last quarter. Geneos Wealth Management Inc. boosted 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 period. MassMutual Private Wealth & Trust FSB increased its holdings in Atlassian by 82.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 243 shares of the technology company's stock worth $52,000 after purchasing an additional 110 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its holdings 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 in the last quarter. 94.45% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Atlassian news, Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction dated 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 transaction, the director owned 61,320 shares in the company, valued at approximately $10,642,699.20. The trade was a 11.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $173.56, for a total value of $1,330,337.40. Following the completion of the sale, the chief executive officer directly owned 61,320 shares of the company's stock, valued at approximately $10,642,699.20. This trade represents a 11.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 520,948 shares of company stock valued at $96,643,160 in the last three months. Insiders own 38.55% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on TEAM. Cantor Fitzgerald decreased their price target on Atlassian from $256.00 to $240.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. Barclays dropped their price objective on shares of Atlassian from $244.00 to $215.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. Citigroup reduced their target price on shares of 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 lowered their price target on shares of Atlassian from $255.00 to $230.00 and set a "buy" rating on the stock in a report on Friday, August 8th. Finally, Stephens dropped their target price on Atlassian from $221.00 to $202.00 and set an "equal weight" rating for the company in a report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $255.45.

Atlassian Trading Up 0.9%

Atlassian stock traded up $1.58 during mid-day trading on Monday, hitting $170.63. 1,633,224 shares of the stock were exchanged, compared to its average volume of 2,375,378. The stock has a market capitalization of $44.76 billion, a price-to-earnings ratio of -172.35 and a beta of 0.95. Atlassian Corporation PLC has a 12 month low of $155.37 and a 12 month high of $326.00. 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's fifty day simple moving average is $178.63 and its two-hundred day simple moving average is $199.53.

Atlassian (NASDAQ:TEAM - Get Free Report) last issued its earnings results on Thursday, August 7th. The technology company reported $0.98 earnings per share for the quarter, topping 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 firm's revenue for the quarter was up 22.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.66 earnings per share. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Analysts forecast that Atlassian Corporation PLC will post -0.34 EPS for the current year.

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.