Fox Run Management L.L.C. Makes New $1.58 Million Investment in Atlassian Corporation PLC $TEAM

Key Points

• Fox Run Management L.L.C. has acquired 7,456 shares of Atlassian Corporation PLC, valued at approximately $1,582,000, marking a new position for the institutional investor.
• Atlassian reported earnings of $0.98 per share for the last quarter, exceeding analyst expectations, with revenue reaching $1.38 billion, a 22.3% year-over-year increase.
• Insider sales involved significant transactions from both the Director and CEO, indicating a 10% and 11.11% decrease in their ownership stakes, respectively.

Fox Run Management L.L.C. acquired a new stake in Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 7,456 shares of the technology company's stock, valued at approximately $1,582,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TEAM. Clean Yield Group raised its stake in Atlassian by 372.0% in the 1st quarter. Clean Yield Group now owns 118 shares of the technology company's stock valued at $25,000 after acquiring an additional 93 shares during the period. Colonial Trust Co SC raised its stake in Atlassian by 100.0% in the 4th quarter. Colonial Trust Co SC now owns 138 shares of the technology company's stock valued at $34,000 after acquiring an additional 69 shares during the period. Smithfield Trust Co raised its stake in Atlassian by 90.7% in the 1st quarter. Smithfield Trust Co now owns 164 shares of the technology company's stock valued at $34,000 after acquiring an additional 78 shares during the period. GeoWealth Management LLC raised its stake in Atlassian by 26.8% in the 4th quarter. GeoWealth Management LLC now owns 180 shares of the technology company's stock valued at $44,000 after acquiring an additional 38 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Atlassian by 82.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 243 shares of the technology company's stock valued at $52,000 after acquiring an additional 110 shares during the period. 94.45% of the stock is currently owned by institutional investors.

Atlassian Price Performance

TEAM traded down $3.17 during midday trading on Tuesday, hitting $166.00. The stock had a trading volume of 1,113,839 shares, compared to its average volume of 2,395,588. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.26 and a current ratio of 1.26. Atlassian Corporation PLC has a 1 year low of $154.07 and a 1 year high of $326.00. The business has a fifty day moving average of $193.52 and a 200 day moving average of $220.88. The company has a market cap of $43.58 billion, a P/E ratio of -167.68 and a beta of 0.96.

Atlassian (NASDAQ:TEAM - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The technology company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. Atlassian had a negative return on equity of 15.19% and a negative net margin of 4.92%.The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the company posted $0.66 earnings per share. The business's revenue was up 22.3% on a year-over-year basis. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, equities analysts forecast that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Mizuho reduced their target price on Atlassian from $265.00 to $235.00 and set an "outperform" rating for the company in a report on Friday, August 8th. Truist Financial set a $230.00 target price on Atlassian in a report on Friday, August 8th. Barclays reduced their target price on Atlassian from $244.00 to $215.00 and set an "overweight" rating for the company in a report on Friday, August 8th. Wall Street Zen raised Atlassian from a "hold" rating to a "buy" rating in a report on Sunday, June 22nd. Finally, UBS Group reaffirmed a "hold" rating on shares of Atlassian in a report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $256.90.

Insider Transactions at Atlassian

In related news, CAO Gene Liu sold 765 shares of the company'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 $125,023.95. Following the completion of the transaction, the chief accounting officer owned 50,595 shares in the company, valued at $8,268,740.85. This represents a 1.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the company's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $163.26, for a total value of $1,251,387.90. Following the transaction, the chief executive officer owned 245,280 shares of the company's stock, 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 ninety days, insiders have sold 510,700 shares of company stock valued at $100,415,703. Insiders own 38.55% of the company's stock.

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.