Callan Family Office LLC Acquires New Position in Atlassian Corporation PLC $TEAM

Key Points

• Callan Family Office LLC acquired a new position in Atlassian Corporation PLC, purchasing 1,814 shares valued at approximately $368,000 during the second quarter.
• Atlassian's stock performance shows a 12-month low of $144.32 and a high of $326.00, with the current share price at $149.84.
• Despite a challenging financial outlook, including a negative net margin and return on equity, Atlassian reported $1.38 billion in revenue for the latest quarter, exceeding analyst expectations.

Callan Family Office LLC acquired a new stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,814 shares of the technology company's stock, valued at approximately $368,000.

Other institutional investors also recently bought and sold shares of the company. Smithfield Trust Co grew its position in Atlassian by 90.7% during the 1st quarter. Smithfield Trust Co now owns 164 shares of the technology company's stock valued at $34,000 after purchasing an additional 78 shares during the last quarter. Geneos Wealth Management Inc. grew its position in Atlassian by 447.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company's stock valued at $42,000 after purchasing an additional 161 shares during the last quarter. First Horizon Advisors Inc. grew its position in Atlassian by 25.9% during the 1st quarter. First Horizon Advisors Inc. now owns 267 shares of the technology company's stock valued at $57,000 after purchasing an additional 55 shares during the last quarter. State of Wyoming grew its position in Atlassian by 20.3% during the 1st quarter. State of Wyoming now owns 278 shares of the technology company's stock valued at $59,000 after purchasing an additional 47 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position 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 purchasing an additional 101 shares during the last quarter. 94.45% of the stock is owned by hedge funds and other institutional investors.

Atlassian Price Performance

Shares of NASDAQ:TEAM opened at $149.84 on Thursday. The firm's 50 day moving average price is $165.02 and its 200-day moving average price is $191.31. Atlassian Corporation PLC has a twelve month low of $144.32 and a twelve month high of $326.00. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $39.31 billion, a PE ratio of -151.35 and a beta of 0.92.

Atlassian (NASDAQ:TEAM - Get Free Report) last released its 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 analysts' expectations of $1.36 billion. During the same quarter last year, the business earned $0.66 EPS. The firm's revenue was up 22.3% compared to the same quarter last year. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Equities research analysts expect that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Insider Buying and Selling

In other Atlassian news, Director Scott Farquhar sold 7,665 shares of the firm's stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $147.81, for a total transaction of $1,132,963.65. Following the sale, the director owned 413,910 shares in the company, valued at approximately $61,180,037.10. This trade represents a 1.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the firm's stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $147.81, for a total transaction of $1,132,963.65. Following the sale, the chief executive officer owned 413,910 shares in the company, valued at approximately $61,180,037.10. The trade was a 1.82% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 551,608 shares of company stock worth $95,200,454. 38.55% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Barclays lowered their target price on shares of Atlassian from $244.00 to $215.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. Wells Fargo & Company assumed coverage on shares of Atlassian in a research note on Tuesday, September 30th. They set an "overweight" rating and a $216.00 target price on the stock. Wall Street Zen upgraded shares of Atlassian from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Raymond James Financial lowered their target price on shares of Atlassian from $300.00 to $250.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Finally, Zacks Research cut shares of Atlassian from a "hold" rating to a "strong sell" rating in a research note on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, Atlassian currently has an average rating of "Moderate Buy" and a consensus target price 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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