MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 6,368 Shares of Atlassian Corporation PLC $TEAM

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 6.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 109,867 shares of the technology company's stock after acquiring an additional 6,368 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Atlassian were worth $23,317,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Atlassian by 3.5% during the first quarter. Vanguard Group Inc. now owns 16,993,537 shares of the technology company's stock valued at $3,606,198,000 after acquiring an additional 580,583 shares during the period. Baillie Gifford & Co. lifted its holdings in shares of Atlassian by 7.1% during the first quarter. Baillie Gifford & Co. now owns 8,694,755 shares of the technology company's stock valued at $1,845,114,000 after acquiring an additional 573,696 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Atlassian by 21.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,440,813 shares of the technology company's stock valued at $730,175,000 after acquiring an additional 616,071 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Atlassian by 6.7% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,972,130 shares of the technology company's stock valued at $418,506,000 after acquiring an additional 124,432 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of Atlassian by 145.6% during the first quarter. AQR Capital Management LLC now owns 1,715,287 shares of the technology company's stock valued at $354,858,000 after acquiring an additional 1,016,902 shares during the period. 94.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Mizuho lowered their target price on Atlassian from $265.00 to $235.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. Zacks Research upgraded Atlassian from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 20th. Capital One Financial lowered Atlassian from an "overweight" rating to an "equal weight" rating and set a $211.00 target price for the company. in a research note on Wednesday, July 16th. Canaccord Genuity Group lowered their target price on Atlassian from $255.00 to $230.00 and set a "buy" rating for the company in a research note on Friday, August 8th. Finally, Truist Financial set a $230.00 target price on Atlassian in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $256.90.

Insider Buying and Selling

In related news, CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $171.14, for a total value of $1,311,788.10. Following the completion of the sale, the chief executive officer directly owned 137,970 shares in the company, valued at $23,612,185.80. This trade represents a 5.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Scott Belsky acquired 1,455 shares of the stock in a transaction that occurred on Thursday, August 28th. The stock was purchased at an average price of $173.00 per share, with a total value of $251,715.00. Following the completion of the transaction, the director owned 1,455 shares of the company's stock, valued at approximately $251,715. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 505,618 shares of company stock worth $95,711,556 over the last three months. 38.55% of the stock is currently owned by company insiders.

Atlassian Price Performance

Shares of TEAM stock opened at $172.43 on Monday. The stock has a 50-day moving average price of $185.63 and a 200 day moving average price of $206.83. 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 firm has a market cap of $45.23 billion, a price-to-earnings ratio of -174.17 and a beta of 0.95. Atlassian Corporation PLC has a 12 month low of $154.07 and a 12 month high of $326.00.

Atlassian (NASDAQ:TEAM - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The technology company reported $0.98 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.15. The firm had revenue of $1.38 billion during 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 revenue was up 22.3% on a year-over-year basis. During the same period last year, the company earned $0.66 earnings per share. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Research analysts expect that Atlassian Corporation PLC will post -0.34 EPS for the current 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.

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