Atria Wealth Solutions Inc. Sells 19,137 Shares of Atlassian Corporation PLC $TEAM

Atria Wealth Solutions Inc. lessened its stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 95.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 977 shares of the technology company's stock after selling 19,137 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Atlassian were worth $207,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in TEAM. Townsquare Capital LLC lifted its position in shares of Atlassian by 53.4% during the 4th quarter. Townsquare Capital LLC now owns 2,052 shares of the technology company's stock worth $499,000 after purchasing an additional 714 shares during the last quarter. Mariner LLC boosted its position in Atlassian by 19.4% in the 4th quarter. Mariner LLC now owns 10,036 shares of the technology company's stock valued at $2,443,000 after buying an additional 1,634 shares during the last quarter. CreativeOne Wealth LLC acquired a new position in shares of Atlassian in the 4th quarter valued at $221,000. United Capital Financial Advisors LLC lifted its stake in shares of Atlassian by 6.0% in the 4th quarter. United Capital Financial Advisors LLC now owns 2,095 shares of the technology company's stock valued at $510,000 after purchasing an additional 118 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in shares of Atlassian by 41.2% in the 4th quarter. NewEdge Advisors LLC now owns 3,165 shares of the technology company's stock valued at $770,000 after purchasing an additional 924 shares during the period. Institutional investors and hedge funds own 94.45% of the company's stock.

Atlassian Price Performance

TEAM traded up $0.34 during trading on Wednesday, hitting $166.55. 1,729,971 shares of the stock traded hands, compared to its average volume of 2,398,915. Atlassian Corporation PLC has a twelve month low of $154.07 and a twelve month high of $326.00. The company has a market cap of $43.72 billion, a price-to-earnings ratio of -168.23 and a beta of 0.96. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.22 and a quick ratio of 1.26. The business has a 50 day moving average price of $192.59 and a 200 day moving average price of $220.50.

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, topping analysts' consensus estimates of $0.83 by $0.15. The firm had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.36 billion. Atlassian had a negative net margin of 4.92% and a negative return on equity of 14.77%. The company's revenue was up 22.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.66 earnings per share. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Equities research analysts forecast that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Gene Liu sold 765 shares of the business's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $163.43, for a total value of $125,023.95. Following the sale, the chief accounting officer owned 50,595 shares of the company's stock, valued at $8,268,740.85. The trade was a 1.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Scott Farquhar sold 7,665 shares of the business's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $163.26, for a total transaction of $1,251,387.90. Following the completion of the sale, the director directly owned 245,280 shares in the company, valued at approximately $40,044,412.80. This represents a 3.03% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 510,700 shares of company stock valued at $100,415,703. 38.55% of the stock is currently owned by insiders.

Analysts Set New Price Targets

TEAM has been the topic of several research analyst reports. UBS Group reaffirmed a "hold" rating on shares of Atlassian in a research note on Monday, July 7th. BMO Capital Markets decreased their price objective on Atlassian from $225.00 to $200.00 and set an "outperform" rating for the company in a report on Friday, August 8th. Mizuho reduced their price target on Atlassian from $265.00 to $235.00 and set an "outperform" rating for the company in a report on Friday, August 8th. Wall Street Zen upgraded Atlassian from a "hold" rating to a "buy" rating in a report on Sunday, June 22nd. Finally, Piper Sandler restated an "overweight" rating and set a $300.00 price objective (down from $365.00) on shares of Atlassian in a research report on Friday, May 2nd. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $256.90.

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.