Caisse DE Depot ET Placement DU Quebec Purchases 31,282 Shares of Atlassian Corporation PLC $TEAM

Key Points

• Caisse de Depot et Placement du Quebec increased its stake in Atlassian Corporation PLC by 88.2%, owning 66,731 shares valued at approximately $14.16 million.
• Atlassian reported $0.98 EPS in its latest quarterly earnings, surpassing expectations of $0.83, with revenue reaching $1.38 billion for the quarter.
• Insider sales have seen 509,002 shares sold by company insiders over the past three months, showcasing a 25% decrease in ownership for CEO Michael Cannon-Brookes and Director Scott Farquhar.

Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 88.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 66,731 shares of the technology company's stock after acquiring an additional 31,282 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in Atlassian were worth $14,161,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Clean Yield Group grew its stake in shares of Atlassian by 372.0% during the 1st 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 period. Colonial Trust Co SC boosted its stake in Atlassian by 100.0% in the 4th quarter. Colonial Trust Co SC now owns 138 shares of the technology company's stock worth $34,000 after purchasing an additional 69 shares during the period. Smithfield Trust Co boosted its stake in Atlassian by 90.7% in the 1st quarter. Smithfield Trust Co now owns 164 shares of the technology company's stock worth $34,000 after purchasing an additional 78 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in Atlassian by 82.7% in 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 during the period. Finally, First Horizon Advisors Inc. boosted its stake in Atlassian by 25.9% in the 1st quarter. First Horizon Advisors Inc. now owns 267 shares of the technology company's stock worth $57,000 after purchasing an additional 55 shares during the period. 94.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Atlassian

In other Atlassian news, President Anutthara Bharadwaj sold 7,728 shares of the company's stock in a transaction 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 transaction, the president owned 182,801 shares of the company's stock, valued at $29,875,167.43. This represents a 4.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Michael Cannon-Brookes sold 7,948 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $208.43, for a total value of $1,656,601.64. Following the completion of the transaction, the chief executive officer directly owned 23,844 shares in the company, valued at $4,969,804.92. This trade represents a 25.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 539,662 shares of company stock valued at $103,608,546 in the last quarter. 38.55% of the stock is owned by insiders.

Atlassian Trading Up 0.6%

NASDAQ:TEAM traded up $1.00 during midday trading on Monday, hitting $177.78. 2,893,757 shares of the company traded hands, compared to its average volume of 3,134,040. The firm's fifty day moving average is $188.25 and its 200-day moving average is $211.60. Atlassian Corporation PLC has a 12-month low of $154.07 and a 12-month high of $326.00. The firm has a market capitalization of $46.64 billion, a P/E ratio of -179.57 and a beta of 0.95. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.73.

Atlassian (NASDAQ:TEAM - Get Free Report) last released its quarterly 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 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 analyst estimates of $1.36 billion. During the same quarter in the prior year, the firm posted $0.66 EPS. Atlassian's quarterly 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. On average, sell-side analysts predict that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Citigroup dropped their price target on Atlassian from $300.00 to $240.00 and set a "buy" rating for the company in a research note on Monday, August 18th. Mizuho dropped their price target on Atlassian from $265.00 to $235.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. Oppenheimer dropped their price target on Atlassian from $300.00 to $275.00 and set an "outperform" rating for the company in a research note on Monday, July 21st. Barclays decreased their price objective on Atlassian from $244.00 to $215.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. Finally, UBS Group reaffirmed a "hold" rating on shares of Atlassian in a report on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Atlassian currently has an average rating of "Moderate Buy" and an average target price of $256.90.

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.