Atlassian Corporation PLC $TEAM Shares Sold by Stanley Laman Group Ltd.

Key Points

• Stanley Laman Group Ltd. reduced its stake in Atlassian Corporation PLC by 10% during the second quarter, holding 31,311 shares valued at approximately $6.36 million.
• Atlassian outperformed analysts' expectations with a reported EPS of $0.98 for the quarter, compared to the forecasted $0.83, alongside a revenue increase of 22.3% year-over-year.
• Institutional ownership of Atlassian is substantial, with hedge funds owning 94.45% of the company's stock, indicating strong confidence among large investors.

Stanley Laman Group Ltd. lessened its stake in Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 10.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,311 shares of the technology company's stock after selling 3,479 shares during the quarter. Atlassian comprises about 0.9% of Stanley Laman Group Ltd.'s holdings, making the stock its 18th largest holding. Stanley Laman Group Ltd.'s holdings in Atlassian were worth $6,359,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. One Wealth Advisors LLC increased its holdings in shares of Atlassian by 56.7% in the second quarter. One Wealth Advisors LLC now owns 4,436 shares of the technology company's stock valued at $901,000 after purchasing an additional 1,606 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of Atlassian by 37.7% during the first quarter. Farther Finance Advisors LLC now owns 369 shares of the technology company's stock worth $80,000 after buying an additional 101 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of Atlassian by 42.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,240 shares of the technology company's stock worth $900,000 after buying an additional 1,259 shares during the period. Principal Financial Group Inc. boosted its position in shares of Atlassian by 350.1% during the first quarter. Principal Financial Group Inc. now owns 51,900 shares of the technology company's stock worth $11,014,000 after buying an additional 40,369 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Atlassian by 47,387.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,799 shares of the technology company's stock valued at $822,000 after purchasing an additional 3,791 shares during the period. Institutional investors and hedge funds own 94.45% of the company's stock.

Atlassian Price Performance

TEAM stock opened at $151.95 on Friday. Atlassian Corporation PLC has a 1 year low of $144.32 and a 1 year high of $326.00. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.22 and a current ratio of 1.22. The stock's 50 day moving average price is $164.28 and its 200 day moving average price is $190.44. The firm has a market cap of $39.86 billion, a P/E ratio of -153.48 and a beta of 0.92.

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. Atlassian had a negative return on equity of 14.77% and a negative net margin of 4.92%.The firm 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 company earned $0.66 EPS. Atlassian's revenue was up 22.3% on a year-over-year basis. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, sell-side analysts expect that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Mizuho decreased their target price on Atlassian from $265.00 to $235.00 and set an "outperform" rating for the company in a report on Friday, August 8th. UBS Group reiterated a "hold" rating on shares of Atlassian in a research report on Monday, July 7th. Zacks Research cut Atlassian from a "hold" rating to a "strong sell" rating in a research report on Tuesday, October 7th. Cantor Fitzgerald dropped their price target on Atlassian from $256.00 to $240.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. Finally, Wells Fargo & Company initiated coverage on Atlassian in a research report on Tuesday, September 30th. They issued an "overweight" rating and a $216.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, Atlassian currently has a consensus rating of "Moderate Buy" and a consensus target price of $248.74.

Insider Buying and Selling

In other Atlassian news, Director Scott Farquhar sold 7,665 shares of the business's stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $151.83, for a total value of $1,163,776.95. Following the completion of the transaction, the director directly owned 398,580 shares in the company, valued at approximately $60,516,401.40. The trade was a 1.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the business's stock in a transaction 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 transaction, the chief executive officer owned 398,580 shares of the company's stock, valued at $60,516,401.40. This trade represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 551,608 shares of company stock worth $94,572,077. 38.55% of the stock is owned by corporate insiders.

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.

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