Greenleaf Trust Buys New Position in Atlassian Corporation PLC $TEAM

Greenleaf Trust acquired a new position in Atlassian Corporation PLC (NASDAQ:TEAM) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,111 shares of the technology company’s stock, valued at approximately $242,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TEAM. MV Capital Management Inc. purchased a new position in shares of Atlassian during the fourth quarter valued at approximately $25,000. Manning & Napier Advisors LLC purchased a new stake in shares of Atlassian in the 2nd quarter worth approximately $27,000. MassMutual Private Wealth & Trust FSB increased its position in Atlassian by 139.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 378 shares of the technology company’s stock valued at $29,000 after buying an additional 220 shares in the last quarter. Western Wealth Management LLC bought a new position in Atlassian during the 1st quarter valued at approximately $30,000. Finally, State of Wyoming raised its stake in Atlassian by 65.7% during the first quarter. State of Wyoming now owns 449 shares of the technology company’s stock valued at $31,000 after buying an additional 178 shares during the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Sanford C. Bernstein reissued an “outperform” rating on shares of Atlassian in a research note on Monday, June 29th. BTIG Research lifted their price target on Atlassian from $180.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday. Guggenheim upped their price target on shares of Atlassian from $115.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. KeyCorp increased their price objective on shares of Atlassian from $115.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Finally, Raymond James Financial set a $180.00 price objective on shares of Atlassian in a research note on Friday, August 7th. Twenty-five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $183.81.

Trending Headlines about Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: BTIG raised its price target to $230 from $180 and upgraded Atlassian to “Buy,” implying further upside from the recent trading level. The revision reflects increased analyst confidence in the company’s growth outlook. BTIG price target update
• Positive Sentiment: Atlassian’s shares have gained substantially over the past three months, supported by strong AI adoption and cloud expansion. The rally indicates that investors are assigning greater value to the company’s long-term growth opportunities. Atlassian stock surge analysis
• Positive Sentiment: Atlassian Williams F1 Team renewed and expanded its global partnership with Komatsu beyond 2026. The agreement supports engineering collaboration, knowledge exchange and talent development, although its direct financial impact on Atlassian is likely limited. Komatsu and Atlassian Williams F1 Team partnership
• Positive Sentiment: Bank of America reportedly forecast strong price appreciation for Atlassian, adding to the favorable analyst backdrop around the stock. Bank of America Atlassian forecast
• Neutral Sentiment: Trading was volatile: software shares initially faced pressure when Treasury yields and crude oil prices rose, reviving inflation and interest-rate concerns, before gaining momentum as yields pulled back and Snowflake’s results supported the broader software sector. Software stocks trade higher
• Negative Sentiment: Analysts caution that Atlassian’s premium valuation and rising costs associated with AI investment could limit near-term gains or pressure profitability, despite the company’s strong recent performance. Atlassian valuation and AI cost analysis

Insider Activity at Atlassian

In related news, CRO Brian Duffy sold 1,851 shares of Atlassian stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $172.45, for a total value of $319,204.95. Following the completion of the sale, the executive directly owned 218,223 shares in the company, valued at approximately $37,632,556.35. This trade represents a 0.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Gene Liu sold 939 shares of the business’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $190.00, for a total value of $178,410.00. Following the completion of the transaction, the chief accounting officer directly owned 55,868 shares of the company’s stock, valued at approximately $10,614,920. This trade represents a 1.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 31,288 shares of company stock valued at $4,597,259 over the last ninety days. Insiders own 36.66% of the company’s stock.

Atlassian Stock Performance

Shares of TEAM opened at $194.68 on Friday. The business’s fifty day simple moving average is $123.80 and its two-hundred day simple moving average is $94.95. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.93. Atlassian Corporation PLC has a 12 month low of $56.01 and a 12 month high of $198.60. The company has a market cap of $49.40 billion, a price-to-earnings ratio of -1,024.63, a P/E/G ratio of 14.65 and a beta of 1.15.

Atlassian (NASDAQ:TEAM) last posted its earnings results on Friday, August 7th. The technology company reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.37. Atlassian had a positive return on equity of 20.99% and a negative net margin of 0.82%.The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same quarter last year, the company earned $0.98 EPS. The company’s quarterly revenue was up 27.6% compared to the same quarter last year. Research analysts anticipate that Atlassian Corporation PLC will post 0.94 earnings per share for the current fiscal year.

Atlassian Profile

Atlassian Corporation Plc is a software company headquartered in Sydney, Australia, best known for developing collaboration, project management and software development tools. Founded in 2002 by Mike Cannon-Brookes and Scott Farquhar, Atlassian grew from a small engineering-focused team into a publicly traded company after its initial public offering in 2015. The company serves a global customer base that spans small teams to large enterprises across technology, financial services, government and other sectors.

Atlassian’s product portfolio centers on tools designed to help teams plan, build and support software and business processes.