Atlassian Corporation PLC $TEAM Shares Acquired by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its stake in Atlassian Corporation PLC by 35.2% during the 1st quarter, owning approximately 0.09% of the company valued at $51.5 million.
• Atlassian reported earnings of $0.98 per share for the last quarter, exceeding analysts' expectations of $0.83, with revenues reaching $1.38 billion.
• Currently, 94.45% of Atlassian's shares are held by institutional investors, indicating strong institutional interest in the company.

American Century Companies Inc. grew its stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 35.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 242,794 shares of the technology company's stock after acquiring an additional 63,221 shares during the period. American Century Companies Inc. owned about 0.09% of Atlassian worth $51,523,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. GeoWealth Management LLC lifted its position in shares of Atlassian by 26.8% during the 4th quarter. GeoWealth Management LLC now owns 180 shares of the technology company's stock valued at $44,000 after acquiring an additional 38 shares during the period. True Wealth Design LLC raised its position in shares of Atlassian by 21.6% during the 4th quarter. True Wealth Design LLC now owns 282 shares of the technology company's stock worth $69,000 after purchasing an additional 50 shares during the last quarter. Covenant Partners LLC raised its position in shares of Atlassian by 4.2% during the 4th quarter. Covenant Partners LLC now owns 1,328 shares of the technology company's stock worth $323,000 after purchasing an additional 53 shares during the last quarter. First Citizens Bank & Trust Co. raised its position in shares of Atlassian by 4.7% during the 1st quarter. First Citizens Bank & Trust Co. now owns 1,192 shares of the technology company's stock worth $253,000 after purchasing an additional 54 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its position in shares of Atlassian by 25.9% during the 1st quarter. First Horizon Advisors Inc. now owns 267 shares of the technology company's stock worth $57,000 after purchasing an additional 55 shares during the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Atlassian news, CEO Michael Cannon-Brookes sold 7,948 shares of the business's stock in a transaction 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 transaction, the chief executive officer owned 23,844 shares in the company, valued at $4,969,804.92. The trade was a 25.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Scott Farquhar sold 7,948 shares of the business's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $208.43, for a total transaction 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 represents a 25.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 510,134 shares of company stock worth $99,681,446 in the last quarter. 38.55% of the stock is owned by corporate insiders.

Atlassian Stock Up 3.8%

Shares of NASDAQ:TEAM traded up $6.20 during midday trading on Friday, hitting $170.79. 1,724,901 shares of the company's stock traded hands, compared to its average volume of 2,876,878. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.26 and a current ratio of 1.22. The company has a market cap of $44.83 billion, a PE ratio of -172.51 and a beta of 0.96. The firm's fifty day moving average price is $190.67 and its two-hundred day moving average price is $218.11. Atlassian Corporation PLC has a twelve month low of $154.07 and a twelve month high of $326.00.

Atlassian (NASDAQ:TEAM - Get Free Report) last posted its earnings results on Thursday, August 7th. The technology company reported $0.98 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the business posted $0.66 EPS. The business's quarterly 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, equities research analysts anticipate that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on TEAM shares. Cantor Fitzgerald cut their price objective on Atlassian from $256.00 to $240.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. UBS Group reaffirmed a "hold" rating on shares of Atlassian in a research note on Monday, July 7th. Barclays lowered their price objective on shares of Atlassian from $244.00 to $215.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. Wall Street Zen raised shares of Atlassian from a "hold" rating to a "buy" rating in a research note on Sunday, June 22nd. Finally, Mizuho lowered their price objective 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 investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Atlassian presently has a consensus rating of "Moderate Buy" and a consensus price target of $256.90.

About Atlassian

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.