OMERS ADMINISTRATION Corp Has $3 Million Stock Position in Atlassian Corporation PLC $TEAM

Key Points

• OMERS ADMINISTRATION Corp increased its stake in Atlassian Corporation PLC by 19.6%, owning 14,142 shares valued at approximately $3 million after acquiring an additional 2,313 shares in the first quarter.
• Atlassian reported earnings of $0.98 EPS for the quarter, beating analysts' expectations by 15 cents, with revenue rising 22.3% year-over-year to $1.38 billion.
• Insider trading saw both CEO Michael Cannon-Brookes and Director Scott Farquhar sell 7,665 shares each at an average price of $177.83, marking a 4.55% decrease in their ownership.

OMERS ADMINISTRATION Corp increased its stake in Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 19.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,142 shares of the technology company's stock after purchasing an additional 2,313 shares during the period. OMERS ADMINISTRATION Corp's holdings in Atlassian were worth $3,001,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Clean Yield Group raised its position in shares of Atlassian by 372.0% during the 1st quarter. Clean Yield Group now owns 118 shares of the technology company's stock valued at $25,000 after acquiring an additional 93 shares during the last quarter. Colonial Trust Co SC lifted its position in Atlassian by 100.0% during the 4th quarter. Colonial Trust Co SC now owns 138 shares of the technology company's stock worth $34,000 after buying an additional 69 shares in the last quarter. Smithfield Trust Co raised its stake in shares of Atlassian by 90.7% during the 1st quarter. Smithfield Trust Co now owns 164 shares of the technology company's stock worth $34,000 after purchasing an additional 78 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised 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 during the period. Finally, First Horizon Advisors Inc. boosted its holdings in shares of Atlassian by 25.9% during the first quarter. First Horizon Advisors Inc. now owns 267 shares of the technology company's stock worth $57,000 after acquiring an additional 55 shares during the period. 94.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. 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 research note on Thursday, July 17th. Citigroup cut their price target on Atlassian from $300.00 to $240.00 and set a "buy" rating for the company in a research note on Monday, August 18th. Mizuho reduced their price target on Atlassian from $265.00 to $235.00 and set an "outperform" rating on the stock in a research report 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. Finally, BMO Capital Markets cut their target price on Atlassian from $225.00 to $200.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. One 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, the stock has a consensus rating of "Moderate Buy" and an average price target of $256.90.

Insider Activity

In related news, President Anutthara Bharadwaj sold 7,728 shares of the stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $163.43, for a total value of $1,262,987.04. Following the completion of the sale, the president directly owned 182,801 shares in the company, valued at $29,875,167.43. This represents a 4.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael Cannon-Brookes sold 7,948 shares of the business's stock in a transaction 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 90 days, insiders sold 523,766 shares of company stock valued at $100,295,342. Insiders own 38.55% of the company's stock.

Atlassian Price Performance

Atlassian stock traded down $5.10 during mid-day trading on Tuesday, reaching $172.68. The company had a trading volume of 2,077,827 shares, compared to its average volume of 2,386,007. The business has a fifty day simple moving average of $187.95 and a 200 day simple moving average of $210.65. The company has a market cap of $45.30 billion, a P/E ratio of -174.42 and a beta of 0.95. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.73. Atlassian Corporation PLC has a fifty-two week low of $154.07 and a fifty-two week high of $326.00.

Atlassian (NASDAQ:TEAM - Get Free Report) last posted its earnings results on Thursday, August 7th. The technology company reported $0.98 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 firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period last year, the company earned $0.66 earnings per share. The business's quarterly revenue was up 22.3% on a year-over-year basis. 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 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.