Unisphere Establishment Invests $6.96 Million in Atlassian Corporation PLC $TEAM

Key Points

• Unisphere Establishment has invested approximately $6.96 million in Atlassian Corporation PLC by acquiring 32,800 shares during the first quarter.
• The consensus rating for Atlassian's stock among analysts is "Moderate Buy," with an average price target of $256.90 after several recent price adjustments by different firms.
• Atlassian reported strong quarterly earnings, achieving $1.38 billion in revenue and an EPS of $0.98, surpassing analyst expectations.

Unisphere Establishment acquired a new position in shares of Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 32,800 shares of the technology company's stock, valued at approximately $6,960,000.

Other hedge funds have also modified their holdings of the company. Clean Yield Group raised its holdings in shares of Atlassian by 372.0% during the 1st quarter. Clean Yield Group now owns 118 shares of the technology company's stock worth $25,000 after acquiring an additional 93 shares in the last quarter. Colonial Trust Co SC increased its position in shares of 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 last quarter. Smithfield Trust Co increased its position in shares of 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 last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of 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 last quarter. Finally, First Horizon Advisors Inc. increased its position in shares of 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 last quarter. 94.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on TEAM shares. Raymond James Financial dropped their price objective on Atlassian from $300.00 to $250.00 and set an "outperform" rating for the company in a report on Friday, August 8th. Mizuho dropped their price objective on Atlassian from $265.00 to $235.00 and set an "outperform" rating for the company in a report on Friday, August 8th. Citigroup dropped their price objective on Atlassian from $300.00 to $240.00 and set a "buy" rating for the company in a report on Monday, August 18th. Cantor Fitzgerald dropped their price objective on Atlassian from $256.00 to $240.00 and set an "overweight" rating for the company in a report on Friday, August 8th. Finally, Truist Financial set a $230.00 target price on Atlassian 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 assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $256.90.

Atlassian Trading Up 0.6%

Shares of NASDAQ:TEAM opened at $177.78 on Tuesday. Atlassian Corporation PLC has a 12-month low of $154.07 and a 12-month high of $326.00. The business's fifty day simple moving average is $187.95 and its 200-day simple moving average is $210.65. The company has a market capitalization of $46.64 billion, a PE ratio of -179.57 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.

Atlassian (NASDAQ:TEAM - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The technology company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.83 by $0.15. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.36 billion. Atlassian had a negative return on equity of 14.77% and a negative net margin of 4.92%.The business's revenue for the quarter was up 22.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.66 EPS. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, equities research analysts predict that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Insider Transactions at Atlassian

In other news, CEO Michael Cannon-Brookes sold 7,665 shares of the firm's stock in a transaction on Friday, August 29th. The stock was sold at an average price of $177.83, for a total value of $1,363,066.95. Following the completion of the sale, the chief executive officer owned 160,965 shares of the company's stock, valued at $28,624,405.95. This trade represents a 4.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Scott Farquhar sold 7,665 shares of the firm's stock in a transaction on Friday, August 29th. The stock was 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 position. The disclosure for this sale can be found here. Insiders sold 523,766 shares of company stock valued at $100,295,342 in the last quarter. 38.55% of the stock is currently owned by corporate insiders.

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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