CenterBook Partners LP Sells 16,663 Shares of Atlassian Corporation PLC $TEAM

CenterBook Partners LP lowered its stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 43.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,039 shares of the technology company’s stock after selling 16,663 shares during the period. CenterBook Partners LP’s holdings in Atlassian were worth $4,476,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Artisan Partners Limited Partnership raised its position in shares of Atlassian by 66.3% in the 2nd quarter. Artisan Partners Limited Partnership now owns 3,878,133 shares of the technology company’s stock worth $787,610,000 after acquiring an additional 1,545,546 shares in the last quarter. Nuveen LLC bought a new position in Atlassian in the first quarter worth about $327,665,000. AQR Capital Management LLC lifted its position in shares of Atlassian by 145.6% during the first quarter. AQR Capital Management LLC now owns 1,715,287 shares of the technology company’s stock valued at $354,858,000 after buying an additional 1,016,902 shares during the last quarter. DNB Asset Management AS lifted its position in shares of Atlassian by 2,676.8% during the second quarter. DNB Asset Management AS now owns 765,678 shares of the technology company’s stock valued at $155,502,000 after buying an additional 738,104 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Atlassian by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 16,993,537 shares of the technology company’s stock valued at $3,606,198,000 after buying an additional 580,583 shares in the last quarter. Institutional investors own 94.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on TEAM shares. Barclays decreased their target price on shares of Atlassian from $244.00 to $215.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Guggenheim assumed coverage on Atlassian in a report on Thursday, September 11th. They set a “buy” rating and a $225.00 price objective for the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Atlassian in a research report on Wednesday, October 8th. Zacks Research raised Atlassian from a “strong sell” rating to a “hold” rating in a research report on Monday, November 3rd. Finally, Bank of America started coverage on Atlassian in a research note on Tuesday, September 23rd. They issued 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, twenty have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Atlassian presently has a consensus rating of “Moderate Buy” and an average target price of $240.00.

Atlassian Price Performance

NASDAQ TEAM opened at $146.28 on Friday. The company has a market cap of $38.49 billion, a price-to-earnings ratio of -206.03, a PEG ratio of 34.16 and a beta of 0.95. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.26 and a quick ratio of 1.26. The stock’s fifty day moving average price is $158.53 and its 200 day moving average price is $181.89. Atlassian Corporation PLC has a 1 year low of $139.70 and a 1 year high of $326.00.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.21. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. Atlassian had a negative return on equity of 7.11% and a negative net margin of 3.38%.The company’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.77 EPS. 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 earnings per share for the current year.

Insider Transactions at Atlassian

In other Atlassian news, Director Scott Farquhar sold 7,665 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $147.63, for a total transaction of $1,131,583.95. Following the completion of the transaction, the director directly owned 206,955 shares of the company’s stock, valued at approximately $30,552,766.65. This trade represents a 3.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CRO Brian Duffy sold 1,940 shares of Atlassian stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $147.46, for a total transaction of $286,072.40. Following the sale, the executive owned 126,536 shares of the company’s stock, valued at approximately $18,658,998.56. The trade was a 1.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have bought 4,497 shares of company stock valued at $742,375 and have sold 581,181 shares valued at $94,142,284. Corporate insiders own 36.66% of the company’s stock.

Atlassian 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.