Atlassian Corporation PLC $TEAM Shares Purchased by Generali Asset Management SPA SGR

Key Points

• Generali Asset Management SPA SGR increased its holdings in Atlassian Corporation by 48.8%, owning 10,678 shares valued at approximately $2.17 million.
• Hedge funds have shown increased interest in Atlassian, with 94.45% of the stock now owned by institutional investors, along with significant increases in positions from multiple firms.
• Atlassian recently reported earnings that surpassed expectations with an EPS of $0.98, compared to the consensus estimate of $0.83, signaling strong performance amidst a 22.3% year-over-year revenue increase.

Generali Asset Management SPA SGR boosted its position in Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 48.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,678 shares of the technology company's stock after purchasing an additional 3,503 shares during the period. Generali Asset Management SPA SGR's holdings in Atlassian were worth $2,169,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Smithfield Trust Co lifted its position 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 acquiring an additional 78 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Atlassian by 447.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company's stock valued at $42,000 after acquiring an additional 161 shares during the period. First Horizon Advisors Inc. lifted its position in shares of Atlassian by 25.9% during the 1st quarter. First Horizon Advisors Inc. now owns 267 shares of the technology company's stock valued at $57,000 after acquiring an additional 55 shares during the period. State of Wyoming lifted its position in shares of Atlassian by 20.3% during the 1st quarter. State of Wyoming now owns 278 shares of the technology company's stock valued at $59,000 after acquiring an additional 47 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in shares of Atlassian by 37.7% during the 1st 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 during the period. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on TEAM shares. Bank of America started coverage on shares of Atlassian in a research report on Tuesday, September 23rd. They set a "neutral" rating and a $200.00 price target for the company. Wells Fargo & Company initiated coverage on shares of Atlassian in a research report on Tuesday, September 30th. They set an "overweight" rating and a $216.00 price target for the company. Citigroup cut their price objective on Atlassian from $300.00 to $240.00 and set a "buy" rating for the company in a research report on Monday, August 18th. Stephens cut their price objective on Atlassian from $221.00 to $202.00 and set an "equal weight" rating for the company in a research report on Monday, August 11th. Finally, Cantor Fitzgerald cut their price objective on Atlassian from $256.00 to $240.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $248.74.

Atlassian Stock Up 0.2%

TEAM stock opened at $150.13 on Friday. The stock has a market capitalization of $39.38 billion, a P/E ratio of -151.64 and a beta of 0.92. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.22 and a current ratio of 1.22. Atlassian Corporation PLC has a one year low of $144.32 and a one year high of $326.00. The company has a 50 day moving average price of $164.60 and a two-hundred day moving average price of $190.88.

Atlassian (NASDAQ:TEAM - Get Free Report) last released its earnings results on Thursday, August 7th. The technology company reported $0.98 EPS for the quarter, topping the consensus estimate 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 revenue for the quarter was up 22.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.66 EPS. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, sell-side analysts expect that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Insider Activity at Atlassian

In other Atlassian news, CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $151.83, for a total value of $1,163,776.95. Following the completion of the sale, the chief executive officer directly owned 406,245 shares of the company's stock, valued at approximately $61,680,178.35. The trade was a 1.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $151.83, for a total transaction of $1,163,776.95. Following the completion of the sale, the director directly owned 406,245 shares of the company's stock, valued at $61,680,178.35. The trade was a 1.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 551,608 shares of company stock valued at $94,572,077 over the last ninety days. 38.55% of the stock is owned by corporate insiders.

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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