Diversified Trust Co Sells 3,379 Shares of Atlassian Corporation PLC $TEAM

Key Points

• Diversified Trust Co has reduced its holdings in Atlassian Corporation PLC by 16.1%, owning 17,546 shares valued at approximately $3.56 million after selling 3,379 shares in the second quarter.
• A number of large investors have increased their stakes in Atlassian, with Nuveen LLC investing around $328 million and AQR Capital Management raising its holdings by 145.6% during the first quarter.
• Atlassian reported $0.98 earnings per share in its last earnings report, exceeding estimates by $0.15, while revenue reached $1.38 billion, showcasing a 22.3% year-over-year increase.

Diversified Trust Co trimmed its holdings in Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 16.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,546 shares of the technology company's stock after selling 3,379 shares during the quarter. Diversified Trust Co's holdings in Atlassian were worth $3,563,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Clean Yield Group increased its stake in Atlassian by 372.0% in the 1st quarter. Clean Yield Group now owns 118 shares of the technology company's stock valued at $25,000 after buying an additional 93 shares during the period. Smithfield Trust Co boosted 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 worth $34,000 after purchasing an additional 78 shares in the last quarter. Geneos Wealth Management Inc. boosted 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 worth $42,000 after purchasing an additional 161 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Atlassian by 82.7% during 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 in the last quarter. Finally, First Horizon Advisors Inc. boosted its position in shares of 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 buying an additional 55 shares in the last quarter. 94.45% of the stock is owned by institutional investors and hedge funds.

Atlassian Stock Performance

TEAM stock traded down $3.65 during mid-day trading on Tuesday, reaching $166.98. The company had a trading volume of 1,415,235 shares, compared to its average volume of 2,369,828. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $43.80 billion, a P/E ratio of -168.70 and a beta of 0.95. Atlassian Corporation PLC has a one year low of $155.37 and a one year high of $326.00. The stock's 50-day simple moving average is $178.22 and its two-hundred day simple moving average is $199.06.

Atlassian (NASDAQ:TEAM - Get Free Report) last posted its earnings results 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 analysts' expectations 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 period last year, the business posted $0.66 earnings per share. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Research analysts anticipate that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TEAM. UBS Group restated a "hold" rating on shares of Atlassian in a report on Monday, July 7th. Guggenheim began coverage on shares of Atlassian in a report on Thursday, September 11th. They issued a "buy" rating and a $225.00 target price on the stock. Mizuho reduced their target price on shares of Atlassian from $265.00 to $235.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. Bank of America began coverage on shares of Atlassian in a report on Tuesday. They issued a "neutral" rating and a $200.00 target price on the stock. Finally, Oppenheimer reduced their target price on shares of Atlassian from $300.00 to $275.00 and set an "outperform" rating on the stock in a report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Atlassian currently has a consensus rating of "Moderate Buy" and an average price target of $253.04.

Insider Buying and Selling

In related 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 directly owned 182,801 shares in the company, valued at approximately $29,875,167.43. The trade was a 4.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Scott Farquhar sold 7,665 shares of the company's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $214.49, for a total value of $1,644,065.85. Following the completion of the transaction, the director owned 459,900 shares of the company's stock, valued at $98,643,951. The trade was a 1.64% 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 $99,238,836 over the last three months. Company insiders own 38.55% of the company's stock.

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.