Atlassian Corporation PLC $TEAM Holdings Cut by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in Atlassian Corporation PLC (NASDAQ:TEAM) by 8.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 99,463 shares of the technology company’s stock after selling 8,744 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Atlassian were worth $20,200,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in TEAM. Victory Capital Management Inc. boosted its position in Atlassian by 4.1% during the 1st quarter. Victory Capital Management Inc. now owns 125,784 shares of the technology company’s stock valued at $26,693,000 after purchasing an additional 4,903 shares during the period. Diversify Advisory Services LLC acquired a new stake in Atlassian in the first quarter worth $266,000. Kestra Private Wealth Services LLC lifted its stake in Atlassian by 28.2% in the first quarter. Kestra Private Wealth Services LLC now owns 6,099 shares of the technology company’s stock valued at $1,294,000 after buying an additional 1,340 shares during the last quarter. J.W. Cole Advisors Inc. boosted its holdings in shares of Atlassian by 24.5% during the first quarter. J.W. Cole Advisors Inc. now owns 4,929 shares of the technology company’s stock valued at $1,046,000 after acquiring an additional 971 shares during the period. Finally, Lindbrook Capital LLC grew its position in shares of Atlassian by 12.5% during the first quarter. Lindbrook Capital LLC now owns 2,044 shares of the technology company’s stock worth $434,000 after acquiring an additional 227 shares during the last quarter. 94.45% of the stock is owned by institutional investors.

Insider Activity at Atlassian

In other news, President Anutthara Bharadwaj sold 9,847 shares of the firm’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $152.46, for a total transaction of $1,501,273.62. Following the completion of the transaction, the president owned 242,092 shares in the company, valued at approximately $36,909,346.32. This trade represents a 3.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $171.13, for a total transaction of $1,311,711.45. Following the completion of the transaction, the chief executive officer directly owned 168,630 shares in the company, valued at $28,857,651.90. This represents a 4.35% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders bought 4,497 shares of company stock valued at $742,375 and sold 574,422 shares valued at $93,484,396. Company insiders own 36.66% of the company’s stock.

Analysts Set New Price Targets

TEAM has been the topic of several recent research reports. The Goldman Sachs Group reiterated a “buy” rating and issued a $260.00 price objective on shares of Atlassian in a research report on Friday, October 31st. Guggenheim assumed coverage on Atlassian in a report on Thursday, September 11th. They set a “buy” rating and a $225.00 price target on the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $240.00 price objective on shares of Atlassian in a research report on Friday, October 31st. Bank of America assumed coverage on Atlassian in a report on Tuesday, September 23rd. They issued a “neutral” rating and a $200.00 price objective for the company. Finally, Sanford C. Bernstein raised their target price on Atlassian from $290.00 to $304.00 and gave the company an “outperform” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $240.00.

Atlassian Price Performance

NASDAQ TEAM opened at $148.75 on Wednesday. Atlassian Corporation PLC has a 12 month low of $144.32 and a 12 month high of $326.00. The firm has a market capitalization of $39.14 billion, a PE ratio of -209.50, a P/E/G ratio of 34.63 and a beta of 0.95. The company’s 50 day simple moving average is $160.32 and its 200 day simple moving average is $182.84. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.26 and a quick ratio of 1.26.

Atlassian (NASDAQ:TEAM) last released its earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.21. Atlassian had a negative return on equity of 7.11% and a negative net margin of 3.38%.The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the prior year, the firm posted $0.77 earnings per share. The firm’s revenue for the quarter was up 20.6% compared to the same quarter last year. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. As a group, equities research analysts forecast that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Atlassian Company 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.