Insider Selling: Atlassian (NASDAQ:TEAM) President Sells 9,847 Shares of Stock

Atlassian Corporation PLC (NASDAQ:TEAM) President Anutthara Bharadwaj sold 9,847 shares of the company’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $152.46, for a total value of $1,501,273.62. Following the completion of the sale, the president owned 242,092 shares in the company, valued at $36,909,346.32. This trade represents a 3.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Atlassian Trading Down 3.8%

Shares of TEAM traded down $5.77 during mid-day trading on Monday, reaching $146.02. 2,970,461 shares of the company were exchanged, compared to its average volume of 2,505,523. The business has a 50 day simple moving average of $161.52 and a two-hundred day simple moving average of $183.84. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market capitalization of $38.42 billion, a PE ratio of -205.66, a PEG ratio of 36.00 and a beta of 0.95. Atlassian Corporation PLC has a 52 week low of $144.32 and a 52 week high of $326.00.

Atlassian (NASDAQ:TEAM) last announced its earnings results on Thursday, October 30th. The technology company reported $1.04 EPS for the quarter, beating the consensus estimate 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 business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the prior year, the business posted $0.77 earnings per share. The firm’s 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. On average, analysts predict that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capco Asset Management LLC bought a new stake in shares of Atlassian during the second quarter valued at approximately $25,000. Physician Wealth Advisors Inc. grew its position in Atlassian by 60.4% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock valued at $26,000 after purchasing an additional 61 shares during the period. Smithfield Trust Co increased its stake in Atlassian by 90.7% during the 1st quarter. Smithfield Trust Co now owns 164 shares of the technology company’s stock valued at $34,000 after purchasing an additional 78 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Atlassian by 447.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock valued at $42,000 after purchasing an additional 161 shares in the last quarter. Finally, Atlantic Union Bankshares Corp raised its holdings in Atlassian by 19,900.0% during the third quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company’s stock worth $32,000 after buying an additional 199 shares during the last quarter. Institutional investors own 94.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. KeyCorp lowered their target price on shares of Atlassian from $250.00 to $210.00 and set an “overweight” rating for the company in a research note on Thursday, October 23rd. Barclays lowered their price objective on Atlassian from $244.00 to $215.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Canaccord Genuity Group reissued a “buy” rating and issued a $230.00 price objective on shares of Atlassian in a research note on Wednesday, October 22nd. Guggenheim started coverage on Atlassian in a research note on Thursday, September 11th. They set a “buy” rating and a $225.00 target price for the company. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $260.00 target price on shares of Atlassian in a report on Friday, October 31st. One investment 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $239.44.

About Atlassian

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.