Blair William & Co. IL Reduces Stock Position in Atlassian Corporation PLC $TEAM

Blair William & Co. IL reduced its stake in Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 6.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,603 shares of the technology company's stock after selling 3,717 shares during the period. Blair William & Co. IL's holdings in Atlassian were worth $10,277,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Farther Finance Advisors LLC grew its holdings in Atlassian by 37.7% during the 1st quarter. Farther Finance Advisors LLC now owns 369 shares of the technology company's stock valued at $80,000 after buying an additional 101 shares in the last quarter. Yousif Capital Management LLC boosted its stake in Atlassian by 2.9% during the first quarter. Yousif Capital Management LLC now owns 2,063 shares of the technology company's stock valued at $438,000 after buying an additional 58 shares during the period. GAMMA Investing LLC boosted its stake in Atlassian by 96.9% during the first quarter. GAMMA Investing LLC now owns 571 shares of the technology company's stock valued at $121,000 after buying an additional 281 shares during the period. Simon Quick Advisors LLC bought a new stake in Atlassian during the first quarter valued at $266,000. Finally, NorthCrest Asset Manangement LLC bought a new stake in Atlassian during the first quarter valued at $439,000. 94.45% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, President Anutthara Bharadwaj sold 7,728 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $163.43, for a total value of $1,262,987.04. Following the completion of the transaction, the president directly owned 182,801 shares of the company's stock, valued at $29,875,167.43. This represents a 4.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Scott Farquhar sold 7,665 shares of the stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $202.78, for a total transaction of $1,554,308.70. Following the completion of the transaction, the director directly owned 367,920 shares of the company's stock, valued at approximately $74,606,817.60. The trade was a 2.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 566,938 shares of company stock valued at $98,781,848 over the last three months. Corporate insiders own 38.55% of the company's stock.

Atlassian Price Performance

Shares of Atlassian stock opened at $144.56 on Friday. 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 business's 50 day simple moving average is $167.04 and its two-hundred day simple moving average is $192.53. The stock has a market capitalization of $37.92 billion, a P/E ratio of -146.02 and a beta of 0.92. Atlassian Corporation PLC has a one year low of $144.32 and a one year 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, topping analysts' consensus estimates of $0.83 by $0.15. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.36 billion. Atlassian had a negative net margin of 4.92% and a negative return on equity of 14.77%. Atlassian's revenue for the quarter was up 22.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 earnings per share. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Analysts forecast that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Oppenheimer cut their price objective on Atlassian from $300.00 to $275.00 and set an "outperform" rating for the company in a report on Monday, July 21st. Wall Street Zen raised shares of Atlassian from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. Cantor Fitzgerald decreased their price target on shares of Atlassian from $256.00 to $240.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. UBS Group reissued a "hold" rating on shares of Atlassian in a report on Monday, July 7th. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of Atlassian in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $248.74.

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.

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