Vident Advisory LLC Grows Holdings in Atlassian Corporation PLC $TEAM

Key Points

• Vident Advisory LLC significantly increased its holdings in Atlassian by 143.8% in the first quarter, now owning 7,025 shares worth approximately $1.49 million.
• Atlassian's stock has seen several institutional investors boost their stakes, with a total of 94.45% of the stock owned by institutional investors and hedge funds.
• Atlassian recently reported earnings per share of $0.98, exceeding expectations, and its revenue grew 22.3% year-over-year.

Vident Advisory LLC raised its position in Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 143.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,025 shares of the technology company's stock after buying an additional 4,143 shares during the period. Vident Advisory LLC's holdings in Atlassian were worth $1,491,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of TEAM. Canada Pension Plan Investment Board lifted its holdings in Atlassian by 75.4% during the first quarter. Canada Pension Plan Investment Board now owns 249,507 shares of the technology company's stock worth $52,948,000 after acquiring an additional 107,271 shares during the period. State of Wyoming boosted its holdings in shares of Atlassian by 20.3% in the 1st quarter. State of Wyoming now owns 278 shares of the technology company's stock worth $59,000 after buying an additional 47 shares during the last quarter. Trexquant Investment LP increased its holdings in Atlassian by 168.7% during the first quarter. Trexquant Investment LP now owns 156,350 shares of the technology company's stock worth $33,179,000 after buying an additional 98,157 shares during the last quarter. Next Century Growth Investors LLC bought a new stake in Atlassian in the first quarter worth about $1,558,000. Finally, OMERS ADMINISTRATION Corp boosted its stake in Atlassian by 19.6% in the first quarter. OMERS ADMINISTRATION Corp now owns 14,142 shares of the technology company's stock valued at $3,001,000 after acquiring an additional 2,313 shares during the last quarter. Institutional investors own 94.45% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Mizuho decreased their price target on shares of Atlassian from $265.00 to $235.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. Capital One Financial lowered Atlassian from an "overweight" rating to an "equal weight" rating and set a $211.00 price objective for the company. in a report on Wednesday, July 16th. Truist Financial set a $230.00 target price on Atlassian in a research note on Friday, August 8th. Barclays dropped their price target on Atlassian from $244.00 to $215.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. Finally, Wall Street Zen lowered Atlassian from a "buy" rating to a "hold" rating in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $256.90.

Insider Transactions at Atlassian

In other Atlassian news, CEO Michael Cannon-Brookes sold 7,665 shares of the firm's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $171.14, for a total value of $1,311,788.10. Following the completion of the transaction, the chief executive officer directly owned 137,970 shares of the company's stock, valued at $23,612,185.80. This trade represents a 5.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Scott Farquhar sold 7,665 shares of the business's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $171.14, for a total transaction of $1,311,788.10. Following the transaction, the director owned 137,970 shares of the company's stock, valued at $23,612,185.80. This trade represents a 5.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 520,948 shares of company stock valued at $99,011,032. 38.55% of the stock is currently owned by corporate insiders.

Atlassian Stock Performance

Shares of NASDAQ:TEAM traded up $4.35 during trading on Friday, hitting $172.43. 2,352,239 shares of the company were exchanged, compared to its average volume of 2,861,181. Atlassian Corporation PLC has a 52-week low of $154.07 and a 52-week high of $326.00. The stock has a 50 day moving average of $185.63 and a 200 day moving average of $208.13. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market cap of $45.23 billion, a PE ratio of -174.17 and a beta of 0.95.

Atlassian (NASDAQ:TEAM - Get Free Report) last released 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. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the company posted $0.66 EPS. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, equities research analysts predict that Atlassian Corporation PLC will post -0.34 EPS for the current year.

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.