Diversified Trust Co Trims Stock Holdings in 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 lessened its stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 16.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 17,546 shares of the technology company's stock after selling 3,379 shares during the period. Diversified Trust Co's holdings in Atlassian were worth $3,563,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Clean Yield Group boosted its holdings in Atlassian by 372.0% in the first quarter. Clean Yield Group now owns 118 shares of the technology company's stock worth $25,000 after acquiring an additional 93 shares in the last quarter. Smithfield Trust Co grew its holdings in shares of Atlassian by 90.7% during the first 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 last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Atlassian by 447.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company's stock worth $42,000 after acquiring an additional 161 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in Atlassian by 82.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 243 shares of the technology company's stock worth $52,000 after buying an additional 110 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings 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 valued at $57,000 after purchasing an additional 55 shares during the last quarter. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Michael Cannon-Brookes sold 7,665 shares of the firm's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $173.56, for a total value of $1,330,337.40. Following the completion of the transaction, the chief executive officer owned 61,320 shares in the company, valued at $10,642,699.20. This trade represents a 11.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Scott Farquhar sold 7,665 shares of the company's stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $173.56, for a total transaction of $1,330,337.40. Following the completion of the sale, the director directly owned 61,320 shares of the company's stock, valued at $10,642,699.20. The trade was a 11.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 536,278 shares of company stock valued at $99,596,944. Corporate insiders own 38.55% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Mizuho decreased 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. KeyCorp reduced their target price on Atlassian from $275.00 to $250.00 and set an "overweight" rating on the stock in a report on Thursday, July 17th. Wall Street Zen upgraded shares of Atlassian from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. Canaccord Genuity Group cut their price objective on shares of Atlassian from $255.00 to $230.00 and set a "buy" rating for the company in a report on Friday, August 8th. Finally, Truist Financial set a $230.00 price target on shares of Atlassian in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Atlassian presently has an average rating of "Moderate Buy" and an average target price of $255.45.

Atlassian Trading Down 0.3%

Shares of Atlassian stock traded down $0.58 during trading hours on Friday, reaching $169.05. The stock had a trading volume of 2,754,523 shares, compared to its average volume of 2,185,951. The firm has a 50 day simple moving average of $178.63 and a two-hundred day simple moving average of $199.53. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $44.35 billion, a price-to-earnings ratio of -170.76 and a beta of 0.95. Atlassian Corporation PLC has a 1 year low of $155.37 and a 1 year high of $326.00.

Atlassian (NASDAQ:TEAM - Get Free Report) last issued 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 company had revenue of $1.38 billion during the quarter, compared to the consensus estimate 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 was up 22.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.66 EPS. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, equities research analysts anticipate that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

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.