TD Private Client Wealth LLC Raises Position in Atlassian Corporation PLC $TEAM

Key Points

• TD Private Client Wealth LLC increased its investment in Atlassian Corporation PLC by 24.0%, owning 15,611 shares valued at approximately $3.17 million as of the latest SEC filing.
• Institutional investors now collectively own 94.45% of Atlassian's stock, with significant position increases noted from several hedge funds in recent quarters.
• CEO Michael Cannon-Brookes and Director Scott Farquhar each sold 7,665 shares of Atlassian stock at $170.20 per share, resulting in a 16.67% decrease in their respective ownership.

TD Private Client Wealth LLC boosted its holdings in Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 24.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,611 shares of the technology company's stock after acquiring an additional 3,018 shares during the quarter. TD Private Client Wealth LLC's holdings in Atlassian were worth $3,170,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC grew its position in shares of Atlassian by 37.7% in the first quarter. Farther Finance Advisors LLC now owns 369 shares of the technology company's stock valued at $80,000 after purchasing an additional 101 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of Atlassian by 42.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,240 shares of the technology company's stock worth $900,000 after buying an additional 1,259 shares during the period. Principal Financial Group Inc. grew its stake in shares of Atlassian by 350.1% in the first quarter. Principal Financial Group Inc. now owns 51,900 shares of the technology company's stock valued at $11,014,000 after buying an additional 40,369 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Atlassian by 47,387.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,799 shares of the technology company's stock valued at $822,000 after buying an additional 3,791 shares during the period. Finally, Amalgamated Bank lifted its position in Atlassian by 6.1% during the 1st quarter. Amalgamated Bank now owns 11,360 shares of the technology company's stock worth $2,411,000 after acquiring an additional 650 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company's stock.

Insider Activity

In other Atlassian news, CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $170.20, for a total value of $1,304,583.00. Following the completion of the transaction, the chief executive officer directly owned 38,325 shares in the company, valued at $6,522,915. The trade was a 16.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Scott Farquhar sold 7,665 shares of the company's stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $170.20, for a total value of $1,304,583.00. Following the transaction, the director directly owned 38,325 shares of the company's stock, valued at $6,522,915. This trade represents a 16.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 536,278 shares of company stock worth $98,786,447. 38.55% of the stock is owned by company insiders.

Analyst Ratings Changes

TEAM has been the topic of a number of analyst reports. Barclays dropped their price objective on shares of Atlassian from $244.00 to $215.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. Capital One Financial lowered shares of Atlassian from an "overweight" rating to an "equal weight" rating and set a $211.00 price objective on the stock. in a report on Wednesday, July 16th. Guggenheim began coverage on Atlassian in a research note on Thursday, September 11th. They set a "buy" rating and a $225.00 target price for the company. Citigroup cut their price target on Atlassian from $300.00 to $240.00 and set a "buy" rating on the stock in a research note on Monday, August 18th. Finally, Oppenheimer lowered their price objective on Atlassian from $300.00 to $275.00 and set an "outperform" rating for the company in a research note on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, Atlassian has a consensus rating of "Moderate Buy" and an average price target of $253.04.

Atlassian Trading Down 1.1%

NASDAQ:TEAM opened at $163.83 on Thursday. Atlassian Corporation PLC has a 52 week low of $155.37 and a 52 week high of $326.00. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.73. The company has a market cap of $42.98 billion, a PE ratio of -165.48 and a beta of 0.95. The business's 50 day moving average is $177.24 and its two-hundred day moving average is $198.58.

Atlassian (NASDAQ:TEAM - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The technology company reported $0.98 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts' expectations of $1.36 billion. During the same period last year, the business posted $0.66 earnings per share. The firm's revenue for the quarter 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, analysts predict that Atlassian Corporation PLC will post -0.34 EPS for the current year.

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.

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