Atlassian Corporation PLC $TEAM Shares Acquired by Rafferty Asset Management LLC

Key Points

• Rafferty Asset Management LLC increased its stake in Atlassian Corporation PLC by 2.7%, holding 65,296 shares valued at approximately $13.86 million as of the latest SEC filing.
• Atlassian reported a quarterly earnings per share (EPS) of $0.98, exceeding expectations and demonstrating a 22.3% revenue growth year-over-year.
• Insiders sold a total of 524,898 shares valued at over $101 million in the last quarter, with company CEO Michael Cannon-Brookes selling 7,665 shares.

Rafferty Asset Management LLC boosted its position in Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 65,296 shares of the technology company's stock after purchasing an additional 1,734 shares during the quarter. Rafferty Asset Management LLC's holdings in Atlassian were worth $13,856,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. True Wealth Design LLC raised its position in shares of Atlassian by 21.6% during the 4th quarter. True Wealth Design LLC now owns 282 shares of the technology company's stock valued at $69,000 after buying an additional 50 shares during the period. Covenant Partners LLC increased its stake in Atlassian by 4.2% during the fourth quarter. Covenant Partners LLC now owns 1,328 shares of the technology company's stock worth $323,000 after acquiring an additional 53 shares during the last quarter. First Citizens Bank & Trust Co. raised its position in Atlassian by 4.7% in the first quarter. First Citizens Bank & Trust Co. now owns 1,192 shares of the technology company's stock valued at $253,000 after purchasing an additional 54 shares during the period. First Horizon Advisors Inc. raised its position in 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 purchasing an additional 55 shares during the period. Finally, Fulton Bank N.A. lifted its stake in shares of Atlassian by 3.1% in the 1st quarter. Fulton Bank N.A. now owns 1,892 shares of the technology company's stock valued at $402,000 after purchasing an additional 57 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company's stock.

Insider Activity at Atlassian

In other news, Director Scott Belsky purchased 1,455 shares of the firm's stock in a transaction that occurred on Thursday, August 28th. The stock was bought at an average price of $173.00 per share, for a total transaction of $251,715.00. Following the completion of the purchase, the director directly owned 1,455 shares of the company's stock, valued at $251,715. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $177.83, for a total transaction of $1,363,066.95. Following the completion of the sale, the chief executive officer directly owned 160,965 shares in the company, valued at approximately $28,624,405.95. This represents a 4.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 539,662 shares of company stock valued at $103,608,546 over the last 90 days. 38.55% of the stock is owned by corporate insiders.

Atlassian Stock Up 0.6%

Shares of NASDAQ TEAM traded up $1.00 during mid-day trading on Friday, hitting $177.78. The company had a trading volume of 2,893,757 shares, compared to its average volume of 3,086,541. Atlassian Corporation PLC has a 1-year low of $154.07 and a 1-year high of $326.00. The company has a market capitalization of $46.64 billion, a PE ratio of -179.57 and a beta of 0.96. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.22 and a quick ratio of 1.22. The business's 50-day simple moving average is $188.25 and its 200 day simple moving average is $213.06.

Atlassian (NASDAQ:TEAM - Get Free Report) last issued its quarterly 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. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.36 billion. Atlassian had a negative return on equity of 14.77% and a negative net margin of 4.92%.Atlassian's revenue was up 22.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.66 EPS. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, analysts predict that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TEAM. KeyCorp cut their price objective on Atlassian from $275.00 to $250.00 and set an "overweight" rating for the company in a research report on Thursday, July 17th. Oppenheimer dropped their price target on shares of Atlassian from $300.00 to $275.00 and set an "outperform" rating for the company in a research report on Monday, July 21st. Truist Financial set a $230.00 price objective on shares of Atlassian in a report on Friday, August 8th. Stephens dropped their target price on shares of Atlassian from $221.00 to $202.00 and set an "equal weight" rating for the company in a report on Monday, August 11th. Finally, Raymond James Financial cut their target price on Atlassian from $300.00 to $250.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $256.90.

About Atlassian

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.