Atlassian Corporation PLC $TEAM Stock Holdings Lifted by TD Asset Management Inc

Key Points

• TD Asset Management Inc increased its holdings in Atlassian Corporation PLC by 3.3% in the second quarter, owning approximately 213,723 shares valued at $43.4 million.
• Insiders, including the Director and CEO, sold a total of 15,330 shares at an average price of $151.83, resulting in a 1.85% decrease in their ownership.
• Atlassian's stock received mixed reviews from analysts, with target price adjustments ranging from $202 to $265, and an average consensus rating of "Moderate Buy."

TD Asset Management Inc increased its holdings in Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 3.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 213,723 shares of the technology company's stock after buying an additional 6,887 shares during the period. TD Asset Management Inc owned about 0.08% of Atlassian worth $43,405,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of TEAM. Smithfield Trust Co boosted its holdings in shares of Atlassian by 90.7% in the 1st quarter. Smithfield Trust Co now owns 164 shares of the technology company's stock valued at $34,000 after buying an additional 78 shares during the period. Geneos Wealth Management Inc. boosted its holdings 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 valued at $42,000 after buying an additional 161 shares during the period. 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 buying an additional 55 shares during the period. State of Wyoming boosted its holdings in shares of Atlassian by 20.3% in the 1st quarter. State of Wyoming now owns 278 shares of the technology company's stock valued at $59,000 after buying an additional 47 shares during the period. Finally, Banque Transatlantique SA acquired a new position in shares of Atlassian in the 1st quarter valued at about $77,000. 94.45% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Atlassian

In related news, Director Scott Farquhar sold 7,665 shares of the stock in a transaction that occurred on Wednesday, October 15th. The shares were 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. This represents a 1.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $151.83, for a total transaction of $1,163,776.95. Following the sale, the chief executive officer directly owned 406,245 shares of the company's stock, valued at approximately $61,680,178.35. This represents a 1.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 551,608 shares of company stock worth $94,572,077 over the last 90 days. 38.55% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TEAM has been the subject of several research reports. Stephens decreased their price target on shares of Atlassian from $221.00 to $202.00 and set an "equal weight" rating for the company in a report on Monday, August 11th. Raymond James Financial reduced their target price on shares of Atlassian from $300.00 to $250.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. Wells Fargo & Company started coverage on shares of Atlassian in a research note on Tuesday, September 30th. They set an "overweight" rating and a $216.00 target price for the company. Wall Street Zen raised shares of Atlassian from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Finally, Mizuho reduced their target price on shares of Atlassian from $265.00 to $235.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. One 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's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $248.74.

Atlassian Stock Up 0.2%

TEAM stock opened at $150.13 on Friday. Atlassian Corporation PLC has a 52 week low of $144.32 and a 52 week high of $326.00. The company has a market capitalization of $39.38 billion, a price-to-earnings ratio of -151.64 and a beta of 0.92. The firm's 50-day moving average is $164.60 and its two-hundred day moving average is $190.88. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.73.

Atlassian (NASDAQ:TEAM - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The technology company reported $0.98 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.15. Atlassian had a negative net margin of 4.92% and a negative return on equity of 14.77%. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the firm 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, analysts forecast 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.

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