Knollwood Investment Advisory LLC Makes New Investment in Atlassian Corporation PLC $TEAM

Key Points

• Knollwood Investment Advisory LLC has acquired a new stake in Atlassian Corporation PLC, purchasing 1,985 shares worth approximately $421,000 during the first quarter.
• Insider trading activity included the sale of shares by CTO Rajeev Bashyam Rajan and CAO Gene Liu, who sold 3,517 and 765 shares respectively, contributing to a total of 510,700 shares sold by insiders in the last 90 days.
• Atlassian's stock has experienced a market capitalization of $43.63 billion, with recent earnings reporting $1.38 billion in revenue for the quarter and an EPS of $0.98, beating analysts' estimates.

Knollwood Investment Advisory LLC bought a new stake in Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,985 shares of the technology company's stock, valued at approximately $421,000.

Other large investors also recently made changes to their positions in the company. Clean Yield Group boosted its stake in Atlassian by 372.0% in the 1st quarter. Clean Yield Group now owns 118 shares of the technology company's stock worth $25,000 after purchasing an additional 93 shares during the period. Colonial Trust Co SC boosted its position in shares of Atlassian by 100.0% during the fourth quarter. Colonial Trust Co SC now owns 138 shares of the technology company's stock worth $34,000 after buying an additional 69 shares during the period. Smithfield Trust Co boosted its position in shares of Atlassian by 90.7% during the first quarter. Smithfield Trust Co now owns 164 shares of the technology company's stock worth $34,000 after buying an additional 78 shares during the period. GeoWealth Management LLC grew its holdings in shares of Atlassian by 26.8% during the fourth quarter. GeoWealth Management LLC now owns 180 shares of the technology company's stock worth $44,000 after buying an additional 38 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in Atlassian by 82.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 243 shares of the technology company's stock valued at $52,000 after acquiring an additional 110 shares in the last quarter. Institutional investors own 94.45% of the company's stock.

Analyst Ratings Changes

TEAM has been the topic of a number of research reports. 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 research report on Monday, August 11th. Macquarie cut their price objective on shares of Atlassian from $270.00 to $250.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. KeyCorp lowered their price target on Atlassian from $275.00 to $250.00 and set an "overweight" rating on the stock in a research report on Thursday, July 17th. Cantor Fitzgerald cut their target price on shares of Atlassian from $256.00 to $240.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. Finally, Capital One Financial downgraded shares of Atlassian from an "overweight" rating to an "equal weight" rating and set a $211.00 price objective for the company. in a research report on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $256.90.

Insider Buying and Selling at Atlassian

In related news, CAO Gene Liu sold 765 shares of the business's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $163.43, for a total transaction of $125,023.95. Following the sale, the chief accounting officer owned 50,595 shares in the company, valued at $8,268,740.85. The trade was a 1.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Anutthara Bharadwaj sold 7,728 shares of Atlassian stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $163.43, for a total transaction of $1,262,987.04. Following the sale, the president owned 182,801 shares in the company, valued at approximately $29,875,167.43. This represents a 4.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 510,134 shares of company stock worth $99,681,446 over the last three months. 38.55% of the stock is owned by corporate insiders.

Atlassian Price Performance

Shares of TEAM traded up $6.20 during midday trading on Friday, hitting $170.79. The company's stock had a trading volume of 1,724,901 shares, compared to its average volume of 2,876,878. Atlassian Corporation PLC has a one year low of $154.07 and a one year high of $326.00. The company's fifty day simple moving average is $190.67 and its two-hundred day simple moving average is $218.11. The company has a quick ratio of 1.26, a current ratio of 1.22 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $44.83 billion, a price-to-earnings ratio of -172.51 and a beta of 0.96.

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, beating 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 company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter last year, the company posted $0.66 EPS. The company'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. As a group, equities analysts expect that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

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.