KLP Kapitalforvaltning AS Has $16.45 Million Holdings in Atlassian Corporation PLC $TEAM

KLP Kapitalforvaltning AS increased its position in shares of Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 4.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,000 shares of the technology company's stock after acquiring an additional 3,600 shares during the quarter. KLP Kapitalforvaltning AS's holdings in Atlassian were worth $16,450,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TEAM. Smithfield Trust Co grew its position in Atlassian by 90.7% during the first quarter. Smithfield Trust Co now owns 164 shares of the technology company's stock valued at $34,000 after purchasing an additional 78 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Atlassian by 447.2% during the first quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company's stock valued at $42,000 after purchasing an additional 161 shares in the last quarter. First Horizon Advisors Inc. grew its position in Atlassian by 25.9% during the first quarter. First Horizon Advisors Inc. now owns 267 shares of the technology company's stock valued at $57,000 after purchasing an additional 55 shares in the last quarter. State of Wyoming grew its position in Atlassian by 20.3% during the first quarter. State of Wyoming now owns 278 shares of the technology company's stock valued at $59,000 after purchasing an additional 47 shares in the last quarter. Finally, Opal Wealth Advisors LLC purchased a new position in Atlassian during the first quarter valued at approximately $63,000. 94.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TEAM has been the topic of a number of research analyst reports. Mizuho lowered their price objective on shares of Atlassian from $265.00 to $235.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. UBS Group reissued a "hold" rating on shares of Atlassian in a research report on Monday, July 7th. Wall Street Zen raised shares of Atlassian from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Stephens decreased their target price on shares of Atlassian from $221.00 to $202.00 and set an "equal weight" rating for the company in a research report on Monday, August 11th. Finally, Cantor Fitzgerald decreased their target price on shares of Atlassian from $256.00 to $240.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $248.74.

Insider Buying and Selling

In related news, Director Scott Belsky bought 1,566 shares of the business's stock in a transaction that occurred on Wednesday, October 1st. The stock was purchased at an average cost of $153.10 per share, for a total transaction of $239,754.60. Following the purchase, the director directly owned 3,021 shares in the company, valued at $462,515.10. This trade represents a 107.63% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Scott Farquhar sold 7,665 shares of the company's stock in a transaction on Monday, October 6th. The shares were sold at an average price of $150.75, for a total transaction of $1,155,498.75. Following the transaction, the director owned 452,235 shares of the company's stock, valued at approximately $68,174,426.25. The trade was a 1.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 551,608 shares of company stock valued at $97,185,382. Company insiders own 38.55% of the company's stock.

Atlassian Price Performance

NASDAQ TEAM opened at $149.52 on Thursday. 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 company has a fifty day simple moving average of $168.69 and a 200 day simple moving average of $194.02. The company has a market cap of $39.22 billion, a P/E ratio of -151.03 and a beta of 0.92. Atlassian Corporation PLC has a 1 year low of $146.16 and a 1 year high of $326.00.

Atlassian (NASDAQ:TEAM - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $0.98 earnings per share (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 quarterly revenue was up 22.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.66 EPS. 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 EPS for the current year.

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.

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