Diker Management LLC Makes New $849,000 Investment in Atlassian Corporation PLC $TEAM

Key Points

• Diker Management LLC has invested approximately $849,000 in Atlassian Corporation PLC by acquiring 4,000 shares, making it the 12th largest position in their portfolio.
• Insider transactions show that Director Scott Farquhar sold 7,665 shares, decreasing his ownership by 16.67%, while President Anutthara Bharadwaj sold 7,728 shares, representing a 4.06% decrease in their holdings.
• Analysts have mixed ratings on Atlassian, with a consensus price target of $256.90 following several downgrades and mixed recommendations from different financial institutions.

Diker Management LLC bought a new stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,000 shares of the technology company's stock, valued at approximately $849,000. Atlassian accounts for 1.0% of Diker Management LLC's portfolio, making the stock its 12th biggest holding.

Several other institutional investors also recently bought and sold shares of the stock. Clean Yield Group lifted its holdings in Atlassian by 372.0% in the 1st quarter. Clean Yield Group now owns 118 shares of the technology company's stock worth $25,000 after buying an additional 93 shares during the period. Smithfield Trust Co lifted its holdings in Atlassian by 90.7% in the 1st quarter. Smithfield Trust Co now owns 164 shares of the technology company's stock worth $34,000 after buying an additional 78 shares during the period. Geneos Wealth Management Inc. lifted its holdings in Atlassian by 447.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company's stock worth $42,000 after buying an additional 161 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in Atlassian by 82.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 243 shares of the technology company's stock worth $52,000 after buying an additional 110 shares during the period. Finally, First Horizon Advisors Inc. lifted its holdings in Atlassian by 25.9% in the 1st quarter. First Horizon Advisors Inc. now owns 267 shares of the technology company's stock worth $57,000 after buying an additional 55 shares during the period. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TEAM has been the subject of several research analyst reports. Wall Street Zen cut Atlassian from a "buy" rating to a "hold" rating in a report on Friday, September 5th. Raymond James Financial dropped their price objective on Atlassian from $300.00 to $250.00 and set an "outperform" rating for the company in a report on Friday, August 8th. Stephens dropped their price objective on Atlassian from $221.00 to $202.00 and set an "equal weight" rating for the company in a report on Monday, August 11th. Canaccord Genuity Group lowered their target price on Atlassian from $255.00 to $230.00 and set a "buy" rating for the company in a research note on Friday, August 8th. Finally, Guggenheim assumed coverage on Atlassian in a research note on Thursday. They issued a "buy" rating and a $225.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Atlassian presently has a consensus rating of "Moderate Buy" and a consensus price target of $255.45.

Insider Activity at Atlassian

In related news, President Anutthara Bharadwaj sold 7,728 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $163.43, for a total transaction of $1,262,987.04. Following the completion of the transaction, the president owned 182,801 shares of the company's stock, valued at $29,875,167.43. This trade represents a 4.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $203.66, for a total value of $1,561,053.90. Following the transaction, the chief executive officer directly owned 7,665 shares of the company's stock, valued at approximately $1,561,053.90. This trade represents a 50.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 536,278 shares of company stock valued at $100,612,557 in the last 90 days. Corporate insiders own 38.55% of the company's stock.

Atlassian Stock Down 1.0%

TEAM stock traded down $1.84 on Friday, reaching $174.87. 1,384,717 shares of the company traded hands, compared to its average volume of 2,159,024. Atlassian Corporation PLC has a one year low of $154.07 and a one year high of $326.00. 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 company has a market cap of $45.87 billion, a P/E ratio of -176.63 and a beta of 0.95. The firm has a fifty day simple moving average of $182.36 and a 200-day simple moving average of $204.16.

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

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.