Kaufman Rossin Wealth LLC Takes Position in Atlassian Corporation PLC $TEAM

Key Points

• Kaufman Rossin Wealth LLC has acquired 2,105 shares of Atlassian Corporation PLC, valued at approximately $447,000, indicating growing institutional interest in the company.
• Atlassian reported a quarterly EPS of $0.98, exceeding estimates and achieving a year-over-year revenue growth of 22.3%.
• Despite a negative return on equity and ongoing insider selling, Atlassian maintains a significant institutional ownership rate of 94.45%.

Kaufman Rossin Wealth LLC purchased a new position in shares of Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,105 shares of the technology company's stock, valued at approximately $447,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Voya Investment Management LLC increased its stake in Atlassian by 17,941.0% during the 4th quarter. Voya Investment Management LLC now owns 2,172,854 shares of the technology company's stock worth $528,693,000 after buying an additional 2,160,810 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Atlassian in the first quarter worth approximately $327,665,000. Durable Capital Partners LP increased its position in shares of Atlassian by 499.7% during the fourth quarter. Durable Capital Partners LP now owns 1,575,546 shares of the technology company's stock worth $383,456,000 after purchasing an additional 1,312,820 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in Atlassian in the 4th quarter valued at $298,327,000. Finally, Whale Rock Capital Management LLC acquired a new position in Atlassian in the 4th quarter valued at $170,943,000. 94.45% of the stock is owned by hedge funds and other institutional investors.

Atlassian Trading Up 0.2%

Shares of Atlassian stock opened at $166.55 on Thursday. The stock has a 50 day moving average of $191.89 and a 200 day moving average of $220.13. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.26 and a current ratio of 1.22. The firm has a market capitalization of $43.72 billion, a price-to-earnings ratio of -168.23 and a beta of 0.96. Atlassian Corporation PLC has a fifty-two week low of $154.07 and a fifty-two week high of $326.00.

Atlassian (NASDAQ:TEAM - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The technology company reported $0.98 EPS for the quarter, beating the consensus estimate 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 company's quarterly revenue was up 22.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.66 EPS. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, research analysts predict that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Oppenheimer lowered their target price on shares of Atlassian from $300.00 to $275.00 and set an "outperform" rating on the stock in a research note on Monday, July 21st. Canaccord Genuity Group cut their price objective on shares of Atlassian from $255.00 to $230.00 and set a "buy" rating for the company in a report on Friday, August 8th. BMO Capital Markets lowered their target price on Atlassian from $225.00 to $200.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. Truist Financial set a $230.00 price target on Atlassian in a research report on Friday, August 8th. Finally, Raymond James Financial reduced their price objective on Atlassian from $300.00 to $250.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $256.90.

Insider Activity

In other news, CEO Michael Cannon-Brookes sold 7,948 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $208.43, for a total value of $1,656,601.64. Following the sale, the chief executive officer directly owned 23,844 shares of the company's stock, valued at approximately $4,969,804.92. The trade was a 25.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Scott Farquhar sold 7,948 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $208.43, for a total transaction of $1,656,601.64. Following the completion of the transaction, the director owned 23,844 shares in the company, valued at approximately $4,969,804.92. This represents 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 have sold 510,700 shares of company stock valued at $100,415,703. 38.55% of the stock is currently owned by insiders.

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.

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