10,459 Shares of Atlassian Corporation PLC $TEAM Bought by Kestra Investment Management LLC

Kestra Investment Management LLC bought a new stake in Atlassian Corporation PLC (NASDAQ:TEAM) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 10,459 shares of the technology company’s stock, valued at approximately $1,875,000.

A number of other hedge funds have also made changes to their positions in TEAM. Carmignac Gestion boosted its holdings in shares of Atlassian by 115.8% during the first quarter. Carmignac Gestion now owns 2,603,770 shares of the technology company’s stock worth $177,707,000 after purchasing an additional 1,397,402 shares during the period. First Trust Advisors LP increased its stake in Atlassian by 48.4% in the 1st quarter. First Trust Advisors LP now owns 2,349,842 shares of the technology company’s stock valued at $160,377,000 after buying an additional 766,922 shares during the period. KBC Group NV lifted its position in Atlassian by 1,691.2% in the 1st quarter. KBC Group NV now owns 1,440,019 shares of the technology company’s stock worth $98,281,000 after buying an additional 1,359,624 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Atlassian by 111.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 469,100 shares of the technology company’s stock worth $84,105,000 after buying an additional 247,540 shares in the last quarter. Finally, Artemis Investment Management LLP boosted its stake in shares of Atlassian by 53.0% during the 3rd quarter. Artemis Investment Management LLP now owns 461,537 shares of the technology company’s stock valued at $82,749,000 after buying an additional 159,884 shares during the period. 94.45% of the stock is owned by hedge funds and other institutional investors.

Atlassian Stock Down 4.1%

Atlassian stock opened at $148.60 on Wednesday. The company has a market capitalization of $37.62 billion, a P/E ratio of 412.79, a P/E/G ratio of 16.70 and a beta of 1.16. The firm’s fifty day simple moving average is $194.43 and its 200-day simple moving average is $119.84. The company has a current ratio of 0.72, a quick ratio of 0.78 and a debt-to-equity ratio of 1.09. Atlassian Corporation PLC has a 1-year low of $56.01 and a 1-year high of $229.96.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings data on Thursday, November 5th. The technology company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.26. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Atlassian had a net margin of 1.28% and a return on equity of 33.53%. Atlassian’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.04 earnings per share. Sell-side analysts forecast that Atlassian Corporation PLC will post 0.67 earnings per share for the current fiscal year.

Key Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Atlassian beat fiscal first-quarter 2027 estimates for revenue, earnings and cloud growth. Some analysts also maintained positive ratings, including Truist’s reiterated Buy rating; another report said a price target was raised to $190. Atlassian Tanks After Huge Run as Guidance Disappoints, But Strength Remains Truist Reiterates Buy Rating
• Neutral Sentiment: Citigroup lowered its target to $220 from $245 and Barclays cut its target to $210 from $222, but both retained bullish ratings—Buy and Overweight, respectively. Citigroup Ratings Barclays Ratings
• Negative Sentiment: The key concern is guidance: investors reacted to indications of slowing growth, and shares fell sharply after the outlook overshadowed the quarterly beat. Reports also noted price-target reductions from Oppenheimer, Wells Fargo, BTIG and Jefferies, reinforcing a more cautious near-term outlook. Guidance and Analyst Revisions Oppenheimer Target Reduction Wells Fargo Target Reduction

Analyst Ratings Changes

Several research firms have recently commented on TEAM. Cantor Fitzgerald boosted their price target on shares of Atlassian from $220.00 to $252.00 and gave the company an “overweight” rating in a report on Monday, November 2nd. Truist Financial reiterated a “buy” rating and set a $200.00 price objective (down from $250.00) on shares of Atlassian in a report on Friday, November 6th. Weiss Ratings reissued a “sell (e+)” rating on shares of Atlassian in a research report on Thursday, October 15th. Robert W. Baird lifted their price objective on Atlassian from $200.00 to $245.00 and gave the company an “outperform” rating in a research report on Monday, September 28th. Finally, Royal Bank Of Canada boosted their target price on Atlassian from $215.00 to $235.00 and gave the company an “outperform” rating in a research note on Monday, October 12th. Twenty-four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Atlassian has an average rating of “Moderate Buy” and a consensus target price of $209.48.

Insider Buying and Selling at Atlassian

In other Atlassian news, CFO James Chuong sold 9,054 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $172.45, for a total value of $1,561,362.30. Following the completion of the sale, the chief financial officer owned 279,218 shares of the company’s stock, valued at $48,151,144.10. The trade was a 3.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Gene Liu sold 1,125 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $175.00, for a total value of $196,875.00. Following the sale, the chief accounting officer owned 56,807 shares of the company’s stock, valued at approximately $9,941,225. This trade represents a 1.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 22,475 shares of company stock worth $3,822,643 over the last three months. Corporate insiders own 37.63% of the company’s stock.

Atlassian Profile

Atlassian Corporation develops collaboration and productivity software for software, IT and business teams. Its products help organizations plan and track work, manage software development and support services, and share information across teams. Its product portfolio includes Jira for project and issue tracking, Confluence for team documentation and collaboration, Jira Service Management for IT and other service teams, Trello for visual work management, and Bitbucket for code collaboration. Atlassian also offers cloud-based products and tools for distributed teams.