Temasek Holdings Private Ltd Sells 22,600 Shares of Atlassian Corporation PLC $TEAM

Key Points

• Temasek Holdings Private Ltd reduced its stake in Atlassian Corporation PLC by 46.2% in the first quarter, now owning 26,305 shares worth approximately $5.58 million.
• Atlassian reported $0.98 earnings per share in its most recent earnings release, surpassing the estimate of $0.83, with revenue reaching $1.38 billion.
• Analysts have lowered price targets for Atlassian, with several firms adjusting their forecasts to between $200.00 and $275.00, yet the consensus rating remains a "Moderate Buy".

Temasek Holdings Private Ltd decreased its stake in Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 46.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,305 shares of the technology company's stock after selling 22,600 shares during the quarter. Temasek Holdings Private Ltd's holdings in Atlassian were worth $5,582,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Atlassian by 3.5% during the first quarter. Vanguard Group Inc. now owns 16,993,537 shares of the technology company's stock worth $3,606,198,000 after purchasing an additional 580,583 shares during the period. Baillie Gifford & Co. raised its position in shares of Atlassian by 7.1% during the first quarter. Baillie Gifford & Co. now owns 8,694,755 shares of the technology company's stock worth $1,845,114,000 after purchasing an additional 573,696 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Atlassian by 21.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,440,813 shares of the technology company's stock worth $730,175,000 after purchasing an additional 616,071 shares during the period. T. Rowe Price Investment Management Inc. raised its position in shares of Atlassian by 6.7% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,972,130 shares of the technology company's stock worth $418,506,000 after purchasing an additional 124,432 shares during the period. Finally, AQR Capital Management LLC boosted its stake in Atlassian by 145.6% in the 1st quarter. AQR Capital Management LLC now owns 1,715,287 shares of the technology company's stock worth $354,858,000 after purchasing an additional 1,016,902 shares during the period. Institutional investors and hedge funds own 94.45% of the company's stock.

Atlassian Stock Up 5.6%

Shares of Atlassian stock traded up $9.66 on Tuesday, reaching $182.36. 3,624,122 shares of the company were exchanged, compared to its average volume of 2,410,099. Atlassian Corporation PLC has a one year low of $154.07 and a one year high of $326.00. The company has a market capitalization of $47.84 billion, a price-to-earnings ratio of -184.20 and a beta of 0.95. 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 50-day moving average of $184.52 and a 200 day moving average of $205.87.

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 analysts' consensus estimates 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 company had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.36 billion. During the same quarter in the prior year, the business posted $0.66 EPS. The business's revenue 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. On average, equities research analysts forecast that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TEAM shares. Barclays reduced their target price on shares of Atlassian from $244.00 to $215.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. UBS Group reissued a "hold" rating on shares of Atlassian in a research report on Monday, July 7th. Raymond James Financial dropped 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. KeyCorp dropped their target price on Atlassian from $275.00 to $250.00 and set an "overweight" rating on the stock in a research report on Thursday, July 17th. Finally, Cantor Fitzgerald dropped their target price on Atlassian from $256.00 to $240.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Atlassian presently has an average rating of "Moderate Buy" and an average target price of $256.90.

Insider Activity at Atlassian

In other news, Director Scott Belsky acquired 1,455 shares of the firm's stock in a transaction on Thursday, August 28th. The shares were purchased at an average cost of $173.00 per share, with a total value of $251,715.00. Following the acquisition, the director directly owned 1,455 shares in the company, valued at $251,715. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the company's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $171.59, for a total value of $1,315,237.35. Following the completion of the transaction, the chief executive officer directly owned 122,640 shares in the company, valued at approximately $21,043,797.60. This represents a 5.88% 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 $100,977,258. Company insiders own 38.55% of the company's stock.

Atlassian Company 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.