Forsta AP Fonden Buys 1,200 Shares of Atlassian Corporation PLC $TEAM

Forsta AP Fonden grew its stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 3.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,000 shares of the technology company’s stock after purchasing an additional 1,200 shares during the period. Forsta AP Fonden’s holdings in Atlassian were worth $6,905,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in TEAM. Nuveen LLC acquired a new position in Atlassian during the 1st quarter worth approximately $327,665,000. AQR Capital Management LLC lifted its position in Atlassian by 145.6% in the 1st quarter. AQR Capital Management LLC now owns 1,715,287 shares of the technology company’s stock valued at $354,858,000 after acquiring an additional 1,016,902 shares in the last quarter. Vanguard Group Inc. boosted its stake in Atlassian by 3.5% during 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 purchasing an additional 580,583 shares during the last quarter. Baillie Gifford & Co. grew its holdings in Atlassian by 7.1% during the first quarter. Baillie Gifford & Co. now owns 8,694,755 shares of the technology company’s stock worth $1,845,114,000 after buying an additional 573,696 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in Atlassian by 1,169.0% during the 2nd quarter. Nordea Investment Management AB now owns 600,149 shares of the technology company’s stock valued at $121,998,000 after acquiring an additional 552,856 shares in the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Scott Farquhar sold 7,665 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $171.13, for a total value of $1,311,711.45. Following the transaction, the director directly owned 168,630 shares in the company, valued at approximately $28,857,651.90. This represents a 4.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $171.13, for a total transaction of $1,311,711.45. Following the sale, the chief executive officer owned 168,630 shares of the company’s stock, valued at approximately $28,857,651.90. The trade was a 4.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have bought 4,497 shares of company stock valued at $742,375 and have sold 551,880 shares valued at $90,337,237. 36.66% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. TD Cowen reduced their target price on shares of Atlassian from $220.00 to $205.00 and set a “hold” rating for the company in a research note on Monday, October 27th. Canaccord Genuity Group reiterated a “buy” rating and issued a $230.00 price objective on shares of Atlassian in a research note on Wednesday, October 22nd. Bank of America began coverage on Atlassian in a research note on Tuesday, September 23rd. They issued a “neutral” rating and a $200.00 target price on the stock. Stephens dropped their price target on Atlassian from $221.00 to $202.00 and set an “equal weight” rating on the stock in a report on Monday, August 11th. Finally, Zacks Research raised Atlassian from a “strong sell” rating to a “hold” rating in a research report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $239.44.

Atlassian Stock Performance

Shares of TEAM stock opened at $151.79 on Friday. 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 $39.94 billion, a P/E ratio of -213.79, a PEG ratio of 36.06 and a beta of 0.95. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.72. The firm’s 50 day moving average is $161.52 and its 200 day moving average is $184.46.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings results on Thursday, October 30th. The technology company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.21. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.40 billion. Atlassian had a negative return on equity of 7.11% and a negative net margin of 3.38%.The business’s revenue for the quarter was up 20.6% on a year-over-year basis. During the same period last year, the company earned $0.77 earnings per share. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. On average, sell-side analysts anticipate that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

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.