Atlassian Corporation PLC $TEAM Shares Acquired by Swedbank AB

Key Points

• Swedbank AB increased its stake in Atlassian Corporation by 752.9% during the second quarter, now owning 572,976 shares valued at approximately $116 million.
• In the last ninety days, insiders have sold 536,278 shares, with CEO Michael Cannon-Brookes and Director Scott Farquhar each selling 7,665 shares.
• Atlassian's stock opened at $169.63 and reported a negative net margin of 4.92%, despite a year-over-year revenue increase of 22.3% to $1.38 billion.

Swedbank AB grew its holdings in Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 752.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 572,976 shares of the technology company's stock after buying an additional 505,797 shares during the quarter. Swedbank AB owned 0.22% of Atlassian worth $116,366,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Toronto Dominion Bank increased its position in shares of Atlassian by 14.6% during the fourth quarter. Toronto Dominion Bank now owns 26,405 shares of the technology company's stock worth $6,426,000 after purchasing an additional 3,371 shares in the last quarter. Vident Advisory LLC boosted its position in Atlassian by 14.3% during the fourth quarter. Vident Advisory LLC now owns 2,882 shares of the technology company's stock worth $701,000 after acquiring an additional 360 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Atlassian by 13.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,373,394 shares of the technology company's stock worth $334,257,000 after acquiring an additional 163,043 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Atlassian by 19.6% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 111,681 shares of the technology company's stock worth $27,181,000 after acquiring an additional 18,267 shares during the last quarter. Finally, Vise Technologies Inc. boosted its holdings in Atlassian by 40.9% in the 4th quarter. Vise Technologies Inc. now owns 1,784 shares of the technology company's stock valued at $434,000 after purchasing an additional 518 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company's stock.

Insider Buying and Selling at Atlassian

In related news, CEO Michael Cannon-Brookes sold 7,665 shares of the company's stock in a transaction on 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 sale, the chief executive officer directly owned 68,985 shares of the company's stock, valued at $11,973,036.60. This represents a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Scott Farquhar sold 7,665 shares of the 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 sale, the director directly owned 68,985 shares in the company, valued at $11,973,036.60. This trade represents a 10.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 536,278 shares of company stock worth $99,596,944 over the last ninety days. 38.55% of the stock is currently owned by corporate insiders.

Atlassian Price Performance

Atlassian stock opened at $169.63 on Friday. The company has a market cap of $44.50 billion, a P/E ratio of -171.34 and a beta of 0.95. 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 business has a fifty day moving average of $178.99 and a two-hundred day moving average of $201.14. Atlassian Corporation PLC has a one year low of $155.37 and a one year high of $326.00.

Atlassian (NASDAQ:TEAM - Get Free Report) last posted its earnings results on Thursday, August 7th. The technology company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. Atlassian had a negative net margin of 4.92% and a negative return on equity of 14.77%. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period last year, the firm posted $0.66 EPS. The firm's revenue for the quarter 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, analysts predict that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

TEAM has been the topic of several recent analyst reports. BMO Capital Markets decreased their price target on Atlassian from $225.00 to $200.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Truist Financial set a $230.00 target price on shares of Atlassian in a research note on Friday, August 8th. Capital One Financial downgraded shares of Atlassian from an "overweight" rating to an "equal weight" rating and set a $211.00 price target on the stock. in a research note on Wednesday, July 16th. Oppenheimer dropped their target price on Atlassian from $300.00 to $275.00 and set an "outperform" rating for the company in a research report on Monday, July 21st. Finally, Citigroup decreased their target price on Atlassian from $300.00 to $240.00 and set a "buy" rating for the company in a report on Monday, August 18th. One investment 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, the stock presently has an average rating of "Moderate Buy" and an average target price of $255.45.

About Atlassian

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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