Kera Capital Partners Inc. Acquires Shares of 1,813 Atlassian Corporation PLC $TEAM

Key Points

• Kera Capital Partners Inc. has acquired 1,813 shares of Atlassian Corporation PLC, valued at approximately $368,000 in the second quarter.
• Atlassian reported an EPS of $0.98 for the last quarter, exceeding expectations and showing a revenue increase of 22.3% year-over-year.
• Insider trading included significant sales by CEO Michael Cannon-Brookes and Director Scott Farquhar, reducing their stock ownership by 50% and 25% respectively, totaling over $3 million in transactions.

Kera Capital Partners Inc. bought a new position in Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 1,813 shares of the technology company's stock, valued at approximately $368,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Focus Partners Wealth bought a new position in Atlassian during the 4th quarter valued at about $756,000. Laird Norton Wetherby Wealth Management LLC purchased a new position in shares of Atlassian during the fourth quarter valued at approximately $296,000. Lazard Asset Management LLC grew its stake in shares of Atlassian by 9.0% during the fourth quarter. Lazard Asset Management LLC now owns 15,457 shares of the technology company's stock valued at $3,761,000 after buying an additional 1,280 shares during the last quarter. Quantinno Capital Management LP raised its holdings in shares of Atlassian by 43.6% in the fourth quarter. Quantinno Capital Management LP now owns 19,213 shares of the technology company's stock worth $4,676,000 after buying an additional 5,832 shares during the period. Finally, Polar Asset Management Partners Inc. bought a new stake in shares of Atlassian during the 4th quarter worth approximately $1,606,000. Hedge funds and other institutional investors own 94.45% of the company's stock.

Atlassian Stock Performance

Shares of NASDAQ:TEAM opened at $174.87 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $45.87 billion, a price-to-earnings ratio of -176.63 and a beta of 0.95. The firm has a 50 day moving average of $182.36 and a 200 day moving average of $203.57. Atlassian Corporation PLC has a 52 week low of $154.07 and a 52 week high of $326.00.

Atlassian (NASDAQ:TEAM - Get Free Report) last released its quarterly 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. Atlassian had a negative return on equity of 14.77% and a negative net margin of 4.92%.The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period in the previous year, the company posted $0.66 EPS. The business's revenue for the quarter was up 22.3% compared to the same quarter last year. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, sell-side analysts predict that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Insider Transactions at Atlassian

In other news, CEO Michael Cannon-Brookes sold 7,665 shares of the company's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $203.66, for a total transaction of $1,561,053.90. Following the transaction, the chief executive officer directly owned 7,665 shares of the company's stock, valued at approximately $1,561,053.90. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Scott Farquhar sold 7,665 shares of the firm's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $199.71, for a total value of $1,530,777.15. Following the completion of the sale, the director directly owned 22,995 shares of the company's stock, valued at $4,592,331.45. The trade was a 25.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 536,278 shares of company stock valued at $100,612,557 in the last 90 days. Insiders own 38.55% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Raymond James Financial reduced their target price on Atlassian from $300.00 to $250.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. KeyCorp lowered their price objective on shares of Atlassian from $275.00 to $250.00 and set an "overweight" rating for the company in a research report on Thursday, July 17th. Barclays dropped their target price on shares of Atlassian from $244.00 to $215.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. Guggenheim began coverage on shares of Atlassian in a research note on Thursday. They set a "buy" rating and a $225.00 price target for the company. Finally, Cantor Fitzgerald dropped their price objective on Atlassian from $256.00 to $240.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, Atlassian has a consensus rating of "Moderate Buy" and an average price target of $255.45.

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.

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