Jump Financial LLC Increases Stock Holdings in Atlassian Corporation PLC $TEAM

Key Points

• Jump Financial LLC significantly increased its stake in Atlassian Corporation PLC, boosting its holdings by 336.1% during the first quarter, now owning 128,797 shares valued at approximately $27.3 million.
• Multiple institutional investors, including Clean Yield Group and Colonial Trust Co SC, also enhanced their positions in Atlassian, with overall institutional ownership at 94.45% of the stock.
• In recent analyst reports, target prices for Atlassian stock were mostly reduced, highlighting a consensus average target of $256.90, despite the company's recent earnings beat with a reported EPS of $0.98.

Jump Financial LLC increased its position in shares of Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 336.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,797 shares of the technology company's stock after acquiring an additional 99,263 shares during the quarter. Jump Financial LLC's holdings in Atlassian were worth $27,332,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its holdings in shares of Atlassian by 11.5% during the 1st quarter. Smartleaf Asset Management LLC now owns 716 shares of the technology company's stock valued at $156,000 after purchasing an additional 74 shares during the last quarter. Biondo Investment Advisors LLC grew its stake in Atlassian by 0.6% during the 1st quarter. Biondo Investment Advisors LLC now owns 33,572 shares of the technology company's stock worth $7,124,000 after buying an additional 200 shares during the last quarter. Elwood Capital Partners LP increased its position in Atlassian by 25.5% during the 1st quarter. Elwood Capital Partners LP now owns 17,676 shares of the technology company's stock valued at $3,751,000 after buying an additional 3,588 shares in the last quarter. Allstate Corp raised its stake in Atlassian by 40.1% in the first quarter. Allstate Corp now owns 6,639 shares of the technology company's stock valued at $1,409,000 after buying an additional 1,900 shares during the last quarter. Finally, Circle Wealth Management LLC boosted its holdings in Atlassian by 10.2% in the first quarter. Circle Wealth Management LLC now owns 7,236 shares of the technology company's stock worth $1,536,000 after acquiring an additional 671 shares in the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Atlassian Stock Performance

Shares of NASDAQ TEAM traded down $4.42 during midday trading on Tuesday, reaching $164.25. 2,280,070 shares of the stock were exchanged, compared to its average volume of 2,923,929. 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 firm has a 50-day simple moving average of $189.36 and a two-hundred day simple moving average of $215.31. Atlassian Corporation PLC has a twelve month low of $154.07 and a twelve month high of $326.00.

Atlassian (NASDAQ:TEAM - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The technology company reported $0.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.15. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.36 billion. Atlassian had a negative return on equity of 14.77% and a negative net margin of 4.92%.Atlassian's revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.66 earnings per share. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, sell-side analysts predict that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Insider Transactions at Atlassian

In other news, CEO Michael Cannon-Brookes sold 7,665 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $169.40, for a total value of $1,298,451.00. Following the transaction, the chief executive officer owned 191,625 shares in the company, valued at $32,461,275. This trade represents a 3.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Rajeev Bashyam Rajan sold 3,517 shares of the firm's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $163.43, for a total transaction of $574,783.31. Following the completion of the transaction, the chief technology officer directly owned 143,898 shares in the company, valued at approximately $23,517,250.14. This represents a 2.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 524,898 shares of company stock valued at $101,529,273 in the last 90 days. Corporate insiders own 38.55% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Stephens cut their price objective on shares of Atlassian from $221.00 to $202.00 and set an "equal weight" rating on the stock in a report on Monday, August 11th. BMO Capital Markets cut their price target on shares of Atlassian from $225.00 to $200.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. UBS Group reiterated a "hold" rating on shares of Atlassian in a research note on Monday, July 7th. Citigroup dropped their price objective on shares of Atlassian from $300.00 to $240.00 and set a "buy" rating on the stock in a report on Monday, August 18th. Finally, Barclays reduced their target price on Atlassian from $244.00 to $215.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $256.90.

Atlassian Company 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.