Focus Partners Advisor Solutions LLC Acquires Shares of 4,410 Atlassian Corporation PLC $TEAM

Key Points

• Focus Partners Advisor Solutions LLC invested $936,000 in Atlassian Corporation PLC, acquiring 4,410 shares during the first quarter.
• Atlassian's recent earnings report showed a 22.3% revenue increase compared to the previous year, with earnings per share of $0.98, surpassing analyst expectations.
• Analysts have varied opinions on Atlassian's stock, with ratings ranging from "Strong Buy" to "Hold" and a consensus target price of $256.90.

Focus Partners Advisor Solutions LLC acquired a new stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 4,410 shares of the technology company's stock, valued at approximately $936,000.

Several other institutional investors have also modified their holdings of TEAM. Vanguard Group Inc. lifted its stake 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 acquiring an additional 580,583 shares in the last quarter. Baillie Gifford & Co. lifted its stake 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 acquiring an additional 573,696 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake 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 acquiring an additional 616,071 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in Atlassian by 6.7% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,972,130 shares of the technology company's stock valued at $418,506,000 after acquiring an additional 124,432 shares in the last quarter. Finally, Durable Capital Partners LP lifted its stake in Atlassian by 499.7% in the 4th quarter. Durable Capital Partners LP now owns 1,575,546 shares of the technology company's stock valued at $383,456,000 after acquiring an additional 1,312,820 shares in the last quarter. Institutional investors own 94.45% of the company's stock.

Atlassian Stock Performance

NASDAQ:TEAM traded up $4.35 on Friday, hitting $172.43. The company's stock had a trading volume of 2,352,239 shares, compared to its average volume of 2,861,181. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.22 and a quick ratio of 1.22. Atlassian Corporation PLC has a one year low of $154.07 and a one year high of $326.00. The stock has a fifty day moving average of $185.63 and a two-hundred day moving average of $207.47.

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 business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.36 billion. Atlassian had a negative return on equity of 14.77% and a negative net margin of 4.92%.The firm's revenue was up 22.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.66 EPS. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Research analysts expect that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on TEAM. BMO Capital Markets cut their target price on Atlassian from $225.00 to $200.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Truist Financial set a $230.00 target price on Atlassian in a research note on Friday, August 8th. Wall Street Zen cut Atlassian from a "buy" rating to a "hold" rating in a research note on Friday. Canaccord Genuity Group cut their target price on Atlassian from $255.00 to $230.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. Finally, Oppenheimer lowered their price target on Atlassian from $300.00 to $275.00 and set an "outperform" rating on the stock in a research report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, Atlassian has an average rating of "Moderate Buy" and an average target price of $256.90.

Insider Buying and Selling

In related news, President Anutthara Bharadwaj sold 7,728 shares of the business'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 transaction, the president directly owned 182,801 shares of the company's stock, valued at approximately $29,875,167.43. The trade was a 4.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 38,325 shares in the company, valued at $7,384,461. The trade was a 16.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 520,948 shares of company stock valued at $99,011,032. 38.55% of the stock is owned by insiders.

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.