Vanguard Personalized Indexing Management LLC Grows Position in Atlassian Corporation PLC $TEAM

Key Points

• Vanguard Personalized Indexing Management LLC increased its holdings in Atlassian Corporation PLC by 12.6% during the second quarter, owning 17,200 shares valued at approximately $3.49 million.
• Atlassian recently reported a 22.3% increase in revenue year-over-year, with earnings per share at $0.98, exceeding estimates.
• Several institutional investors raised their stakes in Atlassian, with corporate insiders owning 38.55% of the company's stock, indicating strong investor confidence.

Vanguard Personalized Indexing Management LLC increased its holdings in shares of Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 12.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,200 shares of the technology company's stock after purchasing an additional 1,931 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Atlassian were worth $3,493,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Farther Finance Advisors LLC boosted its stake in Atlassian by 37.7% during the first quarter. Farther Finance Advisors LLC now owns 369 shares of the technology company's stock worth $80,000 after buying an additional 101 shares during the period. Yousif Capital Management LLC boosted its stake in Atlassian by 2.9% during the first quarter. Yousif Capital Management LLC now owns 2,063 shares of the technology company's stock worth $438,000 after buying an additional 58 shares during the period. GAMMA Investing LLC boosted its stake in Atlassian by 96.9% during the first quarter. GAMMA Investing LLC now owns 571 shares of the technology company's stock worth $121,000 after buying an additional 281 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Atlassian by 70.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 21,407 shares of the technology company's stock worth $4,543,000 after buying an additional 8,840 shares during the period. Finally, Brighton Jones LLC purchased a new position in Atlassian during the first quarter worth about $206,000. Institutional investors and hedge funds own 94.45% of the company's stock.

Atlassian Stock Up 4.7%

Shares of NASDAQ:TEAM opened at $156.37 on Wednesday. The firm's 50 day moving average price is $165.73 and its 200 day moving average price is $191.60. The stock has a market cap of $41.02 billion, a price-to-earnings ratio of -157.95 and a beta of 0.92. Atlassian Corporation PLC has a fifty-two week low of $144.32 and a fifty-two 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.

Atlassian (NASDAQ:TEAM - Get Free Report) last issued its earnings results on Thursday, August 7th. The technology company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. The firm had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.36 billion. Atlassian had a negative net margin of 4.92% and a negative return on equity of 14.77%. The firm's revenue was up 22.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.66 earnings per share. 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 Activity at Atlassian

In related news, Director Scott Farquhar sold 7,665 shares of the firm's stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $147.81, for a total value of $1,132,963.65. Following the sale, the director owned 421,575 shares of the company's stock, valued at $62,313,000.75. This trade represents a 1.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the firm's stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $147.81, for a total transaction of $1,132,963.65. Following the completion of the sale, the chief executive officer directly owned 421,575 shares in the company, valued at approximately $62,313,000.75. This trade represents a 1.79% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 551,608 shares of company stock worth $95,200,454. 38.55% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TEAM has been the subject of several research analyst reports. Stephens lowered their target price on shares of Atlassian from $221.00 to $202.00 and set an "equal weight" rating for the company in a research note on Monday, August 11th. Cantor Fitzgerald lowered their target price on shares of Atlassian from $256.00 to $240.00 and set an "overweight" rating for the company 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 for the company. in a research note on Wednesday, July 16th. Bank of America began coverage on shares of Atlassian in a research note on Tuesday, September 23rd. They issued a "neutral" rating and a $200.00 price objective for the company. Finally, Mizuho lowered their price objective on shares of Atlassian from $265.00 to $235.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Atlassian currently has an average rating of "Moderate Buy" and an average target price of $248.74.

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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