Jones Financial Companies Lllp Buys 31,679 Shares of Atlassian Corporation PLC $TEAM

Key Points

• Jones Financial Companies Lllp significantly increased its stake in Atlassian Corporation PLC by 2,581.8%, owning 32,906 shares valued at $6.98 million at the end of the latest quarter.
• Atlassian reported an EPS of $0.98 for its last quarter, surpassing analysts' expectations of $0.83, and its revenue growth reached 22.3% year-over-year.
• Despite recent strong performance, multiple analysts have downgraded their ratings on Atlassian, with UBS reaffirming a "hold" rating and Zacks raising it from "strong sell" to "hold."

Jones Financial Companies Lllp boosted its position in shares of Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 2,581.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,906 shares of the technology company's stock after purchasing an additional 31,679 shares during the period. Jones Financial Companies Lllp's holdings in Atlassian were worth $6,983,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd grew its position in Atlassian by 12.6% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 6,250 shares of the technology company's stock worth $1,326,000 after purchasing an additional 697 shares in the last quarter. Scge Management L.P. grew its position in Atlassian by 17.0% during the 1st quarter. Scge Management L.P. now owns 996,000 shares of the technology company's stock worth $211,361,000 after purchasing an additional 145,000 shares in the last quarter. Petrus Trust Company LTA purchased a new position in Atlassian during the 1st quarter worth approximately $232,000. Nissay Asset Management Corp Japan ADV grew its position in Atlassian by 11.5% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 39,578 shares of the technology company's stock worth $8,399,000 after purchasing an additional 4,068 shares in the last quarter. Finally, NewEdge Advisors LLC grew its position in Atlassian by 71.6% during the 1st quarter. NewEdge Advisors LLC now owns 5,432 shares of the technology company's stock worth $1,153,000 after purchasing an additional 2,267 shares in the last quarter. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Michael Cannon-Brookes sold 7,665 shares of the company'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 transaction of $1,561,053.90. Following the completion of the transaction, the chief executive officer directly owned 7,665 shares in the company, valued at $1,561,053.90. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Scott Farquhar sold 7,665 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $199.71, for a total transaction of $1,530,777.15. Following the sale, the director directly owned 22,995 shares in the company, valued at $4,592,331.45. The trade was a 25.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 536,278 shares of company stock worth $100,612,557. 38.55% of the stock is currently owned by corporate insiders.

Atlassian Price Performance

Shares of TEAM traded down $1.84 during mid-day trading on Friday, hitting $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 current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.73. The business has a 50-day moving average of $182.36 and a 200 day moving average of $204.16. The stock has a market capitalization of $45.87 billion, a price-to-earnings ratio of -176.63 and a beta of 0.95.

Atlassian (NASDAQ:TEAM - Get Free Report) last announced its earnings results on Thursday, August 7th. The technology company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.83 by $0.15. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate 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 was up 22.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.66 EPS. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, equities analysts expect that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Cantor Fitzgerald lowered 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. Capital One Financial cut shares of Atlassian from an "overweight" rating to an "equal weight" rating and set a $211.00 price objective for the company. in a report on Wednesday, July 16th. Truist Financial set a $230.00 price objective on shares of Atlassian in a report on Friday, August 8th. KeyCorp decreased their price objective on shares of Atlassian from $275.00 to $250.00 and set an "overweight" rating for the company in a report on Thursday, July 17th. Finally, Raymond James Financial decreased their price objective on shares of Atlassian from $300.00 to $250.00 and set an "outperform" rating for the company in a report on Friday, August 8th. One 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $255.45.

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.