Atlassian Corporation PLC $TEAM Shares Sold by Lbp Am Sa

Lbp Am Sa lowered its holdings in Atlassian Corporation PLC (NASDAQ:TEAM) by 13.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,588 shares of the technology company’s stock after selling 897 shares during the period. Lbp Am Sa’s holdings in Atlassian were worth $1,135,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in TEAM. Clean Yield Group increased its position in shares of Atlassian by 372.0% in the first quarter. Clean Yield Group now owns 118 shares of the technology company’s stock worth $25,000 after acquiring an additional 93 shares in the last quarter. Smithfield Trust Co increased its position in shares of Atlassian by 90.7% in the first quarter. Smithfield Trust Co now owns 164 shares of the technology company’s stock worth $34,000 after acquiring an additional 78 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Atlassian by 447.2% in the first quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock worth $42,000 after acquiring an additional 161 shares in the last quarter. First Horizon Advisors Inc. increased its position in shares of Atlassian by 25.9% in the first quarter. First Horizon Advisors Inc. now owns 267 shares of the technology company’s stock worth $57,000 after acquiring an additional 55 shares in the last quarter. Finally, State of Wyoming increased its position in shares of Atlassian by 20.3% in the first quarter. State of Wyoming now owns 278 shares of the technology company’s stock worth $59,000 after acquiring an additional 47 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Atlassian Trading Up 1.0%

NASDAQ TEAM opened at $151.05 on Friday. Atlassian Corporation PLC has a 12 month low of $147.40 and a 12 month high of $326.00. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market capitalization of $39.62 billion, a price-to-earnings ratio of -152.57 and a beta of 0.92. The company’s fifty day moving average price is $172.72 and its two-hundred day moving average price is $196.11.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Atlassian had a negative net margin of 4.92% and a negative return on equity of 14.77%. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the firm posted $0.66 EPS. The firm’s revenue was up 22.3% compared to the same quarter last year. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, research analysts predict that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Insider Buying and Selling at Atlassian

In other news, CEO Michael Cannon-Brookes sold 7,665 shares of the firm’s stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $192.82, for a total value of $1,477,965.30. Following the transaction, the chief executive officer directly owned 390,915 shares in the company, valued at approximately $75,376,230.30. This trade represents a 1.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Anutthara Bharadwaj sold 7,728 shares of the firm’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $163.43, for a total transaction of $1,262,987.04. Following the completion of the transaction, the president owned 182,801 shares in the company, valued at approximately $29,875,167.43. The trade was a 4.06% 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 $99,222,126 in the last ninety days. 38.55% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Citigroup dropped their price objective on shares of Atlassian from $300.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, August 18th. Barclays lowered their price target on shares of Atlassian from $244.00 to $215.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Raymond James Financial lowered their price target on shares of Atlassian from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Friday, August 8th. BMO Capital Markets lowered their price target on shares of Atlassian from $225.00 to $200.00 and set an “outperform” rating for the company 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 set a “neutral” rating and a $200.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $248.74.

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.