Trexquant Investment LP Has $33.18 Million Holdings in Atlassian Corporation PLC $TEAM

Key Points

• Trexquant Investment LP increased its stake in Atlassian by 168.7% in Q1, owning 156,350 shares valued at approximately $33.18 million, making it the fund's 29th largest holding.
• Institutional investors hold around 94.45% of Atlassian's stock, with several hedge funds, including True Wealth Design LLC and First Horizon Advisors Inc., recently increasing their positions.
• Analysts have generally downgraded their price targets for Atlassian, with significant decreases noted by firms such as Stephens and Raymond James Financial, while the average price target is now $256.90 with an overall rating of "Moderate Buy."

Trexquant Investment LP raised its position in shares of Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 168.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 156,350 shares of the technology company's stock after purchasing an additional 98,157 shares during the period. Atlassian accounts for approximately 0.4% of Trexquant Investment LP's holdings, making the stock its 29th biggest position. Trexquant Investment LP owned approximately 0.06% of Atlassian worth $33,179,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TEAM. Clean Yield Group boosted its stake in Atlassian by 372.0% during the 1st quarter. Clean Yield Group now owns 118 shares of the technology company's stock valued at $25,000 after purchasing an additional 93 shares during the period. Colonial Trust Co SC boosted its stake in Atlassian by 100.0% during the 4th quarter. Colonial Trust Co SC now owns 138 shares of the technology company's stock valued at $34,000 after purchasing an additional 69 shares during the period. Smithfield Trust Co boosted its stake in Atlassian by 90.7% during the 1st quarter. Smithfield Trust Co now owns 164 shares of the technology company's stock valued at $34,000 after purchasing an additional 78 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in Atlassian by 82.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 243 shares of the technology company's stock valued at $52,000 after purchasing an additional 110 shares during the period. Finally, First Horizon Advisors Inc. boosted its stake in Atlassian by 25.9% during the 1st 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. 94.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TEAM has been the topic of a number of recent analyst reports. Canaccord Genuity Group dropped their price target on shares of Atlassian from $255.00 to $230.00 and set a "buy" rating on the stock in a research report on Friday, August 8th. Oppenheimer dropped their price target on shares of Atlassian from $300.00 to $275.00 and set an "outperform" rating on the stock in a research report on Monday, July 21st. Raymond James Financial dropped their target price on shares of Atlassian from $300.00 to $250.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. UBS Group restated a "hold" rating on shares of Atlassian in a report on Monday, July 7th. Finally, KeyCorp cut their price target on shares of Atlassian from $275.00 to $250.00 and set an "overweight" rating on the stock in a report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $256.90.

Insiders Place Their Bets

In other Atlassian news, Director Scott Farquhar sold 7,665 shares of the business's stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $177.83, for a total value of $1,363,066.95. Following the completion of the sale, the director directly owned 160,965 shares of the company's stock, valued at $28,624,405.95. The trade was a 4.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the company's stock in a transaction on Friday, August 29th. The stock was sold at an average price of $177.83, for a total transaction of $1,363,066.95. Following the sale, the chief executive officer directly owned 160,965 shares of the company's stock, 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 sold 539,662 shares of company stock valued at $103,608,546 over the last ninety days. Corporate insiders own 38.55% of the company's stock.

Atlassian Stock Up 0.6%

TEAM stock traded up $1.00 during trading hours on Monday, hitting $177.78. The company's stock had a trading volume of 2,893,757 shares, compared to its average volume of 3,134,040. 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 capitalization of $46.64 billion, a PE ratio of -179.57 and a beta of 0.95. Atlassian Corporation PLC has a 12 month low of $154.07 and a 12 month high of $326.00. The stock has a 50 day moving average price of $188.25 and a two-hundred day moving average price of $211.60.

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