Raymond James Financial Inc. Increases Stock Holdings in Atlassian Corporation PLC $TEAM

Key Points

• Raymond James Financial Inc. increased its stake in Atlassian Corporation by 113.5%, owning 82,703 shares valued at $17.55 million after purchasing an additional 43,960 shares.
• Atlassian reported $1.38 billion in revenue for the latest quarter, exceeding expectations, with an earnings per share of $0.98, surpassing the consensus estimate by $0.15.
• Analysts have mixed views on Atlassian, with ratings ranging from a Strong Buy to a Hold, and an average target price of $256.90.

Raymond James Financial Inc. raised its stake in Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 113.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,703 shares of the technology company's stock after purchasing an additional 43,960 shares during the period. Raymond James Financial Inc.'s holdings in Atlassian were worth $17,550,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of TEAM. Nuveen LLC acquired a new stake in Atlassian in the 1st quarter valued at about $327,665,000. Durable Capital Partners LP raised its position in Atlassian by 499.7% in the 4th quarter. Durable Capital Partners LP now owns 1,575,546 shares of the technology company's stock valued at $383,456,000 after purchasing an additional 1,312,820 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in Atlassian in the 4th quarter valued at about $298,327,000. Whale Rock Capital Management LLC acquired a new stake in Atlassian in the 4th quarter valued at about $170,943,000. Finally, Massachusetts Financial Services Co. MA raised its position in Atlassian by 21.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,440,813 shares of the technology company's stock valued at $730,175,000 after purchasing an additional 616,071 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company's stock.

Insider Buying and Selling at Atlassian

In other Atlassian news, President Anutthara Bharadwaj sold 7,728 shares of Atlassian 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 transaction, the president directly owned 182,801 shares in the company, valued at approximately $29,875,167.43. This trade represents a 4.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Scott Farquhar sold 7,948 shares of Atlassian stock in a transaction that occurred 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 director owned 23,844 shares in the company, valued at $4,969,804.92. This trade represents a 25.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 539,662 shares of company stock worth $103,608,546. 38.55% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have issued reports on TEAM. Barclays reduced 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. Wall Street Zen raised Atlassian from a "hold" rating to a "buy" rating in a research report on Sunday, June 22nd. Stephens cut their target price on Atlassian from $221.00 to $202.00 and set an "equal weight" rating on the stock in a research report on Monday, August 11th. Citigroup cut their target price on Atlassian from $300.00 to $240.00 and set a "buy" rating on the stock in a research report on Monday, August 18th. Finally, Canaccord Genuity Group cut their target price on Atlassian from $255.00 to $230.00 and set a "buy" rating on the stock in a research report on Friday, August 8th. One investment 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 stock. According to MarketBeat.com, Atlassian has a consensus rating of "Moderate Buy" and a consensus target price of $256.90.

Atlassian Stock Performance

NASDAQ:TEAM traded up $1.00 during mid-day trading on Monday, reaching $177.78. 2,893,757 shares of the stock were exchanged, compared to its average volume of 3,134,040. The company has a 50 day simple moving average of $188.25 and a 200-day simple moving average of $211.60. The stock 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 quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.73. Atlassian Corporation PLC has a 1 year low of $154.07 and a 1 year high of $326.00.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.15. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 22.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 EPS. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Analysts anticipate that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Atlassian Company 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.