7,344 Shares in Atlassian Corporation PLC $TEAM Acquired by Next Century Growth Investors LLC

Key Points

• Next Century Growth Investors LLC acquired 7,344 shares of Atlassian Corporation PLC, valued at approximately $1,558,000, during the first quarter.
• Atlassian's stock rose by 2.9% and reported earnings per share of $0.98, exceeding analysts' expectations of $0.83.
• Institutional investors own 94.45% of Atlassian's stock, indicating strong support from larger financial entities.

Next Century Growth Investors LLC acquired a new position in shares of Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,344 shares of the technology company's stock, valued at approximately $1,558,000.

Other large investors also recently added to or reduced their stakes in the company. Clean Yield Group raised its position in Atlassian by 372.0% during the first quarter. Clean Yield Group now owns 118 shares of the technology company's stock worth $25,000 after acquiring an additional 93 shares during the period. Colonial Trust Co SC raised its position in 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 acquiring an additional 69 shares during the period. Smithfield Trust Co raised its position in 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 acquiring an additional 78 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in Atlassian by 82.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 243 shares of the technology company's stock worth $52,000 after acquiring an additional 110 shares during the period. Finally, First Horizon Advisors Inc. raised its position in shares of Atlassian by 25.9% in the first quarter. First Horizon Advisors Inc. now owns 267 shares of the technology company's stock valued at $57,000 after buying an additional 55 shares during the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, President Anutthara Bharadwaj sold 7,728 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $163.43, for a total value of $1,262,987.04. Following the completion of the transaction, the president owned 182,801 shares of the company's stock, valued at approximately $29,875,167.43. This trade represents a 4.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Scott Farquhar sold 7,948 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $216.09, for a total transaction of $1,717,483.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 523,766 shares of company stock valued at $100,295,342. 38.55% of the stock is currently owned by company insiders.

Atlassian Trading Down 2.8%

TEAM stock traded down $4.96 during mid-day trading on Tuesday, hitting $172.82. 1,334,939 shares of the company were exchanged, compared to its average volume of 2,381,128. 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 capitalization of $45.34 billion, a P/E ratio of -173.99 and a beta of 0.95. The business has a fifty day simple moving average of $187.95 and a 200-day simple moving average of $210.65. 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 earnings results on Thursday, August 7th. The technology company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.15. Atlassian had a negative net margin of 4.92% and a negative return on equity of 14.77%. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter last year, the firm posted $0.66 earnings per share. Atlassian's revenue 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, equities research analysts predict that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on TEAM shares. Truist Financial set a $230.00 target price on shares of Atlassian in a research report on Friday, August 8th. Barclays reduced their target price on shares of Atlassian from $244.00 to $215.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. Capital One Financial cut shares of Atlassian from an "overweight" rating to an "equal weight" rating and set a $211.00 target price for the company. in a research report on Wednesday, July 16th. Canaccord Genuity Group dropped their price objective on shares of Atlassian from $255.00 to $230.00 and set a "buy" rating for the company in a report on Friday, August 8th. Finally, KeyCorp dropped their price objective on shares of Atlassian from $275.00 to $250.00 and set an "overweight" rating for the company in a report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Atlassian currently has an average rating of "Moderate Buy" and a consensus price target of $256.90.

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.