Federation des caisses Desjardins du Quebec Has $2.67 Million Stock Position in Atlassian Corporation PLC $TEAM

Key Points

• Federation des caisses Desjardins du Quebec increased its stake in Atlassian Corporation PLC by 135.8% during the first quarter, now holding shares worth approximately $2.67 million.
• CEO Michael Cannon-Brookes and President Anutthara Bharadwaj both sold significant shares of Atlassian, with insiders overall selling 520,948 shares valued at around $99 million in the last three months.
• Analysts have adjusted their price targets for Atlassian, with Oppenheimer lowering theirs to $275.00 and Mizuho to $235.00, while the stock currently holds an average rating of "Moderate Buy".

Federation des caisses Desjardins du Quebec raised its holdings in Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 135.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,558 shares of the technology company's stock after buying an additional 7,233 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Atlassian were worth $2,665,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TEAM. Nuveen LLC acquired a new stake in Atlassian in the 1st quarter valued at approximately $327,665,000. Whale Rock Capital Management LLC acquired a new stake in Atlassian in the 4th quarter valued at approximately $170,943,000. Massachusetts Financial Services Co. MA grew its holdings in Atlassian by 21.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,440,813 shares of the technology company's stock valued at $730,175,000 after buying an additional 616,071 shares during the last quarter. Vanguard Group Inc. grew its holdings in Atlassian by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 16,993,537 shares of the technology company's stock valued at $3,606,198,000 after buying an additional 580,583 shares during the last quarter. Finally, Baillie Gifford & Co. grew its holdings in Atlassian by 7.1% in the 1st quarter. Baillie Gifford & Co. now owns 8,694,755 shares of the technology company's stock valued at $1,845,114,000 after buying an additional 573,696 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company's stock.

Atlassian Price Performance

Shares of Atlassian stock traded up $9.66 during midday trading on Tuesday, hitting $182.36. 3,624,122 shares of the company were exchanged, compared to its average volume of 2,396,498. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market cap of $47.84 billion, a P/E ratio of -184.20 and a beta of 0.95. Atlassian Corporation PLC has a 52 week low of $154.07 and a 52 week high of $326.00. The firm has a 50 day simple moving average of $184.52 and a 200-day simple moving average of $205.87.

Atlassian (NASDAQ:TEAM - Get Free Report) last posted its earnings results on Thursday, August 7th. The technology company reported $0.98 EPS for the quarter, topping the consensus estimate 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 business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last 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. Research analysts forecast that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Insider Buying and Selling at Atlassian

In other Atlassian news, Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $192.68, for a total value of $1,476,892.20. Following the completion of the transaction, the director owned 38,325 shares in the company, valued at approximately $7,384,461. The trade was a 16.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $199.71, for a total value of $1,530,777.15. Following the completion of the transaction, the chief executive officer owned 22,995 shares of the company's stock, valued at approximately $4,592,331.45. The trade was a 25.00% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 520,948 shares of company stock worth $98,346,783. 38.55% of the stock is currently owned by insiders.

Analyst Ratings Changes

TEAM has been the topic of a number of research analyst reports. Oppenheimer lowered their target price on Atlassian from $300.00 to $275.00 and set an "outperform" rating on the stock in a report on Monday, July 21st. Canaccord Genuity Group reduced their price objective on Atlassian from $255.00 to $230.00 and set a "buy" rating for the company in a research report on Friday, August 8th. Wall Street Zen downgraded Atlassian from a "buy" rating to a "hold" rating in a research report on Friday. Zacks Research upgraded Atlassian from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 20th. Finally, Mizuho reduced their price objective on Atlassian from $265.00 to $235.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Atlassian has an average rating of "Moderate Buy" and a consensus price target of $256.90.

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.