Makena Capital Management LLC Acquires 14,959 Shares of Atlassian Corporation PLC $TEAM

Key Points

• Makena Capital Management LLC increased its holdings in Atlassian Corporation PLC by 48.7%, owning 45,688 shares valued at approximately $9.70 million.
• Several institutional investors significantly boosted their stakes in Atlassian, with Clean Yield Group increasing its holdings by 372% during the first quarter.
• Atlassian reported $0.98 EPS for the last quarter, surpassing analysts' estimates and showing a 22.3% increase in revenue compared to the previous year.

Makena Capital Management LLC lifted its holdings in Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 48.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,688 shares of the technology company's stock after purchasing an additional 14,959 shares during the period. Atlassian accounts for about 1.0% of Makena Capital Management LLC's investment portfolio, making the stock its 23rd biggest holding. Makena Capital Management LLC's holdings in Atlassian were worth $9,695,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in TEAM. Townsquare Capital LLC boosted its position in Atlassian by 53.4% during the fourth quarter. Townsquare Capital LLC now owns 2,052 shares of the technology company's stock worth $499,000 after purchasing an additional 714 shares during the period. Mariner LLC grew its stake in Atlassian by 19.4% in the 4th quarter. Mariner LLC now owns 10,036 shares of the technology company's stock valued at $2,443,000 after buying an additional 1,634 shares during the last quarter. CreativeOne Wealth LLC bought a new position in Atlassian in the 4th quarter worth $221,000. United Capital Financial Advisors LLC lifted its position in Atlassian by 6.0% during the 4th quarter. United Capital Financial Advisors LLC now owns 2,095 shares of the technology company's stock worth $510,000 after acquiring an additional 118 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in Atlassian by 41.2% during the 4th quarter. NewEdge Advisors LLC now owns 3,165 shares of the technology company's stock worth $770,000 after acquiring an additional 924 shares during the last quarter. Institutional investors own 94.45% of the company's stock.

Atlassian Price Performance

TEAM stock traded up $0.34 during midday trading on Wednesday, reaching $166.55. 1,730,075 shares of the company's stock traded hands, compared to its average volume of 2,398,931. 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 company has a market cap of $43.72 billion, a price-to-earnings ratio of -168.23 and a beta of 0.96. The company has a 50-day simple moving average of $192.59 and a two-hundred day simple moving average of $220.50. Atlassian Corporation PLC has a 1-year low of $154.07 and a 1-year high of $326.00.

Atlassian (NASDAQ:TEAM - Get Free Report) last announced its 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. The company had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.36 billion. Atlassian had a negative return on equity of 14.77% and a negative net margin of 4.92%.The business'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 earned $0.66 earnings per share. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, analysts anticipate that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Stephens cut their price target on Atlassian from $221.00 to $202.00 and set an "equal weight" rating for the company in a report on Monday, August 11th. Cantor Fitzgerald lowered their price objective on Atlassian from $256.00 to $240.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. Citigroup dropped their price objective on shares of Atlassian from $300.00 to $240.00 and set a "buy" rating for the company in a research note on Monday. Mizuho decreased their target price 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. Finally, UBS Group restated a "hold" rating on shares of Atlassian in a research note on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, Atlassian presently has an average rating of "Moderate Buy" and an average target price of $256.90.

Insider Buying and Selling

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