Stableford Capital II LLC Acquires Shares of 4,194 Atlassian Corporation PLC $TEAM

Key Points

• Stableford Capital II LLC has acquired 4,194 shares of Atlassian Corporation PLC, valued at approximately $851,000, during the second quarter.
• CEO Michael Cannon-Brookes and President Anutthara Bharadwaj sold a combined total of 15,393 shares, resulting in a decrease in their ownership of the company's stock.
• Analysts have issued mixed ratings on Atlassian, with price targets being adjusted downwards, while the stock maintains a consensus rating of "Moderate Buy."

Stableford Capital II LLC purchased a new position in shares of Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,194 shares of the technology company's stock, valued at approximately $851,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in shares of Atlassian during the 2nd quarter worth approximately $15,266,000. Allianz Asset Management GmbH increased its holdings in shares of Atlassian by 28.6% during the 2nd quarter. Allianz Asset Management GmbH now owns 102,194 shares of the technology company's stock worth $20,755,000 after buying an additional 22,701 shares during the last quarter. Generali Asset Management SPA SGR increased its holdings in shares of Atlassian by 48.8% during the 2nd quarter. Generali Asset Management SPA SGR now owns 10,678 shares of the technology company's stock worth $2,169,000 after buying an additional 3,503 shares during the last quarter. Equitable Trust Co. increased its holdings in shares of Atlassian by 4.5% during the 2nd quarter. Equitable Trust Co. now owns 8,374 shares of the technology company's stock worth $1,701,000 after buying an additional 357 shares during the last quarter. Finally, TD Asset Management Inc increased its holdings in shares of Atlassian by 3.3% during the 2nd quarter. TD Asset Management Inc now owns 213,723 shares of the technology company's stock worth $43,405,000 after buying an additional 6,887 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company's stock.

Insiders Place Their Bets

In related news, CEO Michael Cannon-Brookes sold 7,665 shares of the stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $197.88, for a total transaction of $1,516,750.20. Following the completion of the transaction, the chief executive officer directly owned 329,595 shares of the company's stock, valued at $65,220,258.60. This represents a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, President Anutthara Bharadwaj sold 7,728 shares of the stock in a transaction dated Thursday, August 14th. The shares were 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 directly 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 disclosure for this sale can be found here. In the last three months, insiders have sold 551,608 shares of company stock valued at $95,200,454. Insiders own 38.55% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TEAM shares. Oppenheimer cut their price target on shares of Atlassian from $300.00 to $275.00 and set an "outperform" rating for the company in a report on Monday, July 21st. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Atlassian in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Atlassian from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Cantor Fitzgerald lowered their price objective on shares of Atlassian from $256.00 to $240.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. Finally, Raymond James Financial lowered their price objective on shares of Atlassian from $300.00 to $250.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Atlassian has a consensus rating of "Moderate Buy" and an average target price of $248.74.

Atlassian Price Performance

Shares of TEAM opened at $149.84 on Thursday. Atlassian Corporation PLC has a twelve month low of $144.32 and a twelve month high of $326.00. The firm's fifty day simple moving average is $165.02 and its 200-day simple moving average is $191.31. The firm has a market capitalization of $39.31 billion, a price-to-earnings ratio of -151.35 and a beta of 0.92. 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 (NASDAQ:TEAM - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The technology company reported $0.98 EPS 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 firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period last year, the business earned $0.66 EPS. Atlassian's revenue for the quarter 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. Equities analysts forecast that Atlassian Corporation PLC will post -0.34 EPS 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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