Public Employees Retirement System of Ohio bought a new stake in Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 48,309 shares of the technology company's stock, valued at approximately $3,758,000.
Other institutional investors have also added to or reduced their stakes in the company. MV Capital Management Inc. acquired a new stake in Atlassian in the fourth quarter valued at $25,000. Manning & Napier Advisors LLC acquired a new position in shares of Atlassian during the 2nd quarter worth about $27,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Atlassian by 139.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 378 shares of the technology company's stock valued at $29,000 after purchasing an additional 220 shares during the period. Western Wealth Management LLC acquired a new stake in Atlassian in the 1st quarter valued at about $30,000. Finally, State of Wyoming grew its holdings in Atlassian by 65.7% during the first quarter. State of Wyoming now owns 449 shares of the technology company's stock worth $31,000 after purchasing an additional 178 shares during the period. 94.45% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
TEAM has been the topic of a number of recent analyst reports. Raymond James Financial set a $180.00 price target on Atlassian in a research report on Friday, August 7th. BMO Capital Markets boosted their target price on Atlassian from $95.00 to $175.00 and gave the stock an "outperform" rating in a report on Friday, August 7th. TD Cowen increased their price target on Atlassian from $105.00 to $145.00 and gave the company a "hold" rating in a research note on Friday, August 7th. Guggenheim raised their price target on Atlassian from $115.00 to $165.00 and gave the company a "buy" rating in a report on Friday, August 7th. Finally, Wells Fargo & Company lifted their price objective on shares of Atlassian from $140.00 to $180.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Twenty-five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Atlassian currently has a consensus rating of "Moderate Buy" and an average target price of $183.81.
Check Out Our Latest Analysis on TEAM
Insider Activity
In related news, CFO James Chuong sold 9,054 shares of the company's stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $172.45, for a total value of $1,561,362.30. Following the transaction, the chief financial officer directly owned 279,218 shares in the company, valued at approximately $48,151,144.10. This represents a 3.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Gene Liu sold 939 shares of the firm's stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $190.00, for a total transaction of $178,410.00. Following the transaction, the chief accounting officer directly owned 55,868 shares in the company, valued at approximately $10,614,920. This represents a 1.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 31,288 shares of company stock valued at $4,597,259. 36.66% of the stock is owned by company insiders.
Atlassian Price Performance
Shares of NASDAQ TEAM opened at $194.68 on Friday. The firm has a market cap of $49.40 billion, a P/E ratio of -1,024.63, a price-to-earnings-growth ratio of 14.65 and a beta of 1.15. The business's 50 day moving average is $123.80 and its 200-day moving average is $94.95. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.93. Atlassian Corporation PLC has a 1-year low of $56.01 and a 1-year high of $198.60.
Atlassian (NASDAQ:TEAM - Get Free Report) last released its quarterly earnings results on Friday, August 7th. The technology company reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.37. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.66 billion. Atlassian had a positive return on equity of 20.99% and a negative net margin of 0.82%.The firm's quarterly revenue was up 27.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.98 EPS. Equities research analysts predict that Atlassian Corporation PLC will post 0.94 earnings per share for the current year.
More Atlassian News
Here are the key news stories impacting Atlassian this week:
- Positive Sentiment: BTIG raised its price target to $230 from $180 and upgraded Atlassian to “Buy,” implying further upside from the recent trading level. The revision reflects increased analyst confidence in the company’s growth outlook. BTIG price target update
- Positive Sentiment: Atlassian’s shares have gained substantially over the past three months, supported by strong AI adoption and cloud expansion. The rally indicates that investors are assigning greater value to the company’s long-term growth opportunities. Atlassian stock surge analysis
- Positive Sentiment: Atlassian Williams F1 Team renewed and expanded its global partnership with Komatsu beyond 2026. The agreement supports engineering collaboration, knowledge exchange and talent development, although its direct financial impact on Atlassian is likely limited. Komatsu and Atlassian Williams F1 Team partnership
- Positive Sentiment: Bank of America reportedly forecast strong price appreciation for Atlassian, adding to the favorable analyst backdrop around the stock. Bank of America Atlassian forecast
- Neutral Sentiment: Trading was volatile: software shares initially faced pressure when Treasury yields and crude oil prices rose, reviving inflation and interest-rate concerns, before gaining momentum as yields pulled back and Snowflake’s results supported the broader software sector. Software stocks trade higher
- Negative Sentiment: Analysts caution that Atlassian’s premium valuation and rising costs associated with AI investment could limit near-term gains or pressure profitability, despite the company’s strong recent performance. Atlassian valuation and AI cost analysis
About Atlassian
(
Free Report)
Atlassian Corporation Plc is a software company headquartered in Sydney, Australia, best known for developing collaboration, project management and software development tools. Founded in 2002 by Mike Cannon-Brookes and Scott Farquhar, Atlassian grew from a small engineering-focused team into a publicly traded company after its initial public offering in 2015. The company serves a global customer base that spans small teams to large enterprises across technology, financial services, government and other sectors.
Atlassian's product portfolio centers on tools designed to help teams plan, build and support software and business processes.
Further Reading
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