Atlassian Corporation PLC $TEAM Shares Purchased by Plato Investment Management Ltd

Plato Investment Management Ltd increased its stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 30.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,403 shares of the technology company’s stock after purchasing an additional 1,938 shares during the quarter. Plato Investment Management Ltd’s holdings in Atlassian were worth $1,700,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. GAMMA Investing LLC raised its position in Atlassian by 96.9% in the first quarter. GAMMA Investing LLC now owns 571 shares of the technology company’s stock worth $121,000 after acquiring an additional 281 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Atlassian by 42.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,240 shares of the technology company’s stock worth $900,000 after acquiring an additional 1,259 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in 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 acquiring an additional 3,791 shares in the last quarter. Amalgamated Bank raised its position in Atlassian by 6.1% in the first quarter. Amalgamated Bank now owns 11,360 shares of the technology company’s stock worth $2,411,000 after acquiring an additional 650 shares in the last quarter. Finally, Private Trust Co. NA raised its position in Atlassian by 1,839.4% in the first quarter. Private Trust Co. NA now owns 640 shares of the technology company’s stock worth $136,000 after acquiring an additional 607 shares in the last quarter. 94.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TEAM has been the subject of several research analyst reports. Wells Fargo & Company initiated coverage on Atlassian in a research report on Tuesday, September 30th. They issued an “overweight” rating and a $216.00 price objective for the company. Citigroup reiterated a “buy” rating on shares of Atlassian in a research report on Wednesday, October 22nd. KeyCorp cut their price objective on Atlassian from $250.00 to $210.00 and set an “overweight” rating for the company in a research report on Thursday, October 23rd. Zacks Research cut Atlassian from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 7th. Finally, Sanford C. Bernstein dropped their price target on Atlassian from $296.00 to $290.00 and set an “outperform” rating for the company in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Atlassian currently has an average rating of “Moderate Buy” and an average price target of $239.84.

Atlassian Price Performance

Atlassian stock opened at $169.42 on Monday. The firm’s 50-day moving average is $164.09 and its two-hundred day moving average is $187.75. 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 12-month low of $144.32 and a 12-month high of $326.00. The stock has a market capitalization of $44.44 billion, a P/E ratio of -238.62 and a beta of 0.92.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.21. Atlassian had a negative return on equity of 7.20% and a negative net margin of 3.38%.The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period last year, the company earned $0.77 EPS. The firm’s quarterly revenue was up 20.6% on a year-over-year basis. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Equities analysts predict that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Insider Transactions at Atlassian

In other news, Director Scott Farquhar sold 7,665 shares of the business’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $160.41, for a total transaction of $1,229,542.65. Following the completion of the sale, the director owned 321,930 shares in the company, valued at approximately $51,640,791.30. The trade was a 2.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $160.40, for a total value of $1,229,466.00. Following the transaction, the chief executive officer directly owned 321,930 shares in the company, valued at $51,637,572. This trade represents a 2.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 536,278 shares of company stock valued at $88,401,522 in the last quarter. Company insiders own 36.66% of the company’s stock.

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.