Atlassian Corporation PLC $TEAM Shares Bought by One Wealth Advisors LLC

Key Points

• One Wealth Advisors LLC increased its holdings in Atlassian Corporation PLC by 56.7% in the second quarter, totaling 4,436 shares worth approximately $901,000.
• Atlassian's most recent quarterly earnings report showed earnings of $0.98 per share, surpassing analysts' expectations of $0.83.
• Institutional investors and hedge funds own 94.45% of Atlassian's stock, indicating strong institutional interest in the firm.

One Wealth Advisors LLC raised its holdings in Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 56.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,436 shares of the technology company's stock after buying an additional 1,606 shares during the period. One Wealth Advisors LLC's holdings in Atlassian were worth $901,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of TEAM. Farther Finance Advisors LLC raised its stake in shares of Atlassian by 37.7% in the first quarter. Farther Finance Advisors LLC now owns 369 shares of the technology company's stock valued at $80,000 after acquiring an additional 101 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in Atlassian by 42.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,240 shares of the technology company's stock worth $900,000 after purchasing an additional 1,259 shares during the period. Principal Financial Group Inc. raised its position in Atlassian by 350.1% in the 1st quarter. Principal Financial Group Inc. now owns 51,900 shares of the technology company's stock valued at $11,014,000 after purchasing an additional 40,369 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Atlassian by 47,387.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,799 shares of the technology company's stock valued at $822,000 after purchasing an additional 3,791 shares in the last quarter. Finally, Amalgamated Bank boosted its stake in shares of Atlassian by 6.1% in the 1st quarter. Amalgamated Bank now owns 11,360 shares of the technology company's stock valued at $2,411,000 after buying an additional 650 shares during the period. Institutional investors and hedge funds own 94.45% of the company's stock.

Atlassian Trading Down 0.8%

NASDAQ TEAM opened at $165.31 on Tuesday. The firm's fifty day moving average price is $175.53 and its 200 day moving average price is $197.18. Atlassian Corporation PLC has a 12 month low of $155.37 and a 12 month high of $326.00. 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 capitalization of $43.37 billion, a price-to-earnings ratio of -166.98 and a beta of 0.95.

Atlassian (NASDAQ:TEAM - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The technology company reported $0.98 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.15. The firm had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.36 billion. Atlassian had a negative net margin of 4.92% and a negative return on equity of 14.77%. Atlassian's quarterly revenue was up 22.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.66 earnings per share. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, sell-side analysts expect that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Cantor Fitzgerald cut their target price on shares of Atlassian from $256.00 to $240.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. Mizuho lowered their price target on shares of Atlassian from $265.00 to $235.00 and set an "outperform" rating for the company in a report 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 objective on the stock. in a research report on Wednesday, July 16th. Stephens reduced their price objective on shares of Atlassian from $221.00 to $202.00 and set an "equal weight" rating on the stock in a report on Monday, August 11th. Finally, Oppenheimer lowered their target price on shares of Atlassian from $300.00 to $275.00 and set an "outperform" rating for the company in a research note on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, Atlassian currently has an average rating of "Moderate Buy" and a consensus price target of $253.04.

Insiders Place Their Bets

In other Atlassian news, President Anutthara Bharadwaj sold 7,728 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the president owned 182,801 shares in the company, valued at approximately $29,875,167.43. The trade was a 4.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Scott Farquhar sold 7,665 shares of the stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $192.06, for a total value of $1,472,139.90. Following the completion of the sale, the director directly owned 421,575 shares of the company's stock, valued at $80,967,694.50. The trade was a 1.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 536,278 shares of company stock valued at $97,614,162 over the last quarter. Company insiders own 38.55% of the company's stock.

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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