Plancorp LLC Purchases Shares of 2,122 Atlassian Corporation PLC $TEAM

Key Points

• Plancorp LLC acquired 2,122 shares of Atlassian Corporation PLC, valued at approximately $431,000, marking a significant investment in the technology firm during the second quarter.
• Institutional investors now own 94.45% of Atlassian's stock, indicating strong confidence in the company's prospects among large investment firms.
• Despite a recent decline in analyst price targets, the stock maintains a consensus rating of Moderate Buy with a target price of $253.04.

Plancorp LLC acquired a new position in shares of Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,122 shares of the technology company's stock, valued at approximately $431,000.

Other large investors also recently modified their holdings of the company. Clean Yield Group boosted its holdings in shares of Atlassian by 372.0% during the 1st quarter. Clean Yield Group now owns 118 shares of the technology company's stock worth $25,000 after buying an additional 93 shares during the period. Smithfield Trust Co lifted 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 last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Atlassian by 447.2% during the first quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company's stock worth $42,000 after acquiring an additional 161 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in shares of Atlassian by 82.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 243 shares of the technology company's stock valued at $52,000 after purchasing an additional 110 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its stake 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 purchasing an additional 55 shares during the period. 94.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Raymond James Financial decreased their price objective on Atlassian from $300.00 to $250.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. Canaccord Genuity Group reduced their target price on shares of Atlassian from $255.00 to $230.00 and set a "buy" rating for the company in a research report on Friday, August 8th. Oppenheimer lowered their price target on shares of Atlassian from $300.00 to $275.00 and set an "outperform" rating on the stock in a research report on Monday, July 21st. Mizuho dropped their price objective on shares of Atlassian from $265.00 to $235.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. Finally, Citigroup cut their price objective on shares of Atlassian from $300.00 to $240.00 and set a "buy" rating for the company in a report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $253.04.

Insider Transactions at Atlassian

In other Atlassian news, President Anutthara Bharadwaj sold 7,728 shares of the business's stock in a transaction dated 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 completion of the transaction, the president owned 182,801 shares of the company's stock, valued at approximately $29,875,167.43. The trade was a 4.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $192.06, for a total transaction of $1,472,139.90. Following the completion of the transaction, the chief executive officer directly owned 421,575 shares of the company's stock, valued at $80,967,694.50. This trade represents a 1.79% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 536,278 shares of company stock valued at $98,195,169. Corporate insiders own 38.55% of the company's stock.

Atlassian Stock Performance

Shares of Atlassian stock opened at $162.42 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.73. The company has a market cap of $42.61 billion, a PE ratio of -164.06 and a beta of 0.95. The company has a 50 day moving average of $176.68 and a 200-day moving average of $198.22. Atlassian Corporation PLC has a 1-year low of $155.37 and a 1-year 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, beating 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 business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the business earned $0.66 earnings per share. The company's 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. As a group, equities research analysts forecast that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal 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.

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