Wilmington Savings Fund Society FSB Grows Position in Atlassian Corporation PLC $TEAM

Wilmington Savings Fund Society FSB raised its holdings in shares of Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 87.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,252 shares of the technology company's stock after purchasing an additional 2,443 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Atlassian were worth $1,067,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. One Wealth Advisors LLC lifted its holdings in Atlassian by 56.7% during the second quarter. One Wealth Advisors LLC now owns 4,436 shares of the technology company's stock valued at $901,000 after purchasing an additional 1,606 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Atlassian by 37.7% during 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 last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in Atlassian by 42.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,240 shares of the technology company's stock valued at $900,000 after purchasing an additional 1,259 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Atlassian by 350.1% during the first quarter. Principal Financial Group Inc. now owns 51,900 shares of the technology company's stock valued at $11,014,000 after purchasing an additional 40,369 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Atlassian by 47,387.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,799 shares of the technology company's stock worth $822,000 after buying an additional 3,791 shares in the last quarter. 94.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Atlassian

In other Atlassian news, President Anutthara Bharadwaj sold 7,728 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $163.43, for a total transaction of $1,262,987.04. Following the transaction, the president directly owned 182,801 shares in the company, valued at $29,875,167.43. This trade represents a 4.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $184.43, for a total transaction of $1,413,655.95. Following the transaction, the chief executive officer owned 314,265 shares in the company, valued at $57,959,893.95. The trade was a 2.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 551,608 shares of company stock worth $94,572,077 over the last ninety days. Insiders own 38.55% of the company's stock.

Atlassian Trading Up 0.2%

Shares of TEAM opened at $150.13 on Friday. The firm's 50 day simple moving average is $164.60 and its 200 day simple moving average is $190.88. The company has a market capitalization of $39.38 billion, a P/E ratio of -151.64 and a beta of 0.92. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.22 and a quick ratio of 1.22. Atlassian Corporation PLC has a 1-year low of $144.32 and a 1-year high of $326.00.

Atlassian (NASDAQ:TEAM - Get Free Report) last announced its earnings results on Thursday, August 7th. The technology company reported $0.98 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.15. The business had revenue of $1.38 billion for 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%. Atlassian's quarterly revenue was up 22.3% on a year-over-year basis. During the same period last year, the firm posted $0.66 earnings per share. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Sell-side analysts forecast that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TEAM shares. UBS Group reissued a "hold" rating on shares of Atlassian in a report on Monday, July 7th. Oppenheimer lowered their price target on shares of Atlassian from $300.00 to $275.00 and set an "outperform" rating on the stock in a report on Monday, July 21st. Stephens lowered their price target on shares of Atlassian from $221.00 to $202.00 and set an "equal weight" rating on the stock in a report on Monday, August 11th. Barclays lowered their price target on shares of Atlassian from $244.00 to $215.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. Finally, Bank of America started coverage on shares of Atlassian in a report on Tuesday, September 23rd. They issued a "neutral" rating and a $200.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, Atlassian presently has an average rating of "Moderate Buy" and a consensus target price of $248.74.

Atlassian 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.

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