J. Safra Sarasin Holding AG Takes Position in Atlassian Corporation PLC $TEAM

J. Safra Sarasin Holding AG acquired a new stake in Atlassian Corporation PLC (NASDAQ:TEAM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 8,671 shares of the technology company’s stock, valued at approximately $1,761,000.

Several other large investors also recently made changes to their positions in the stock. Clean Yield Group lifted its stake in Atlassian by 372.0% in the 1st quarter. Clean Yield Group now owns 118 shares of the technology company’s stock valued at $25,000 after purchasing an additional 93 shares during the last quarter. Smithfield Trust Co lifted its stake in Atlassian by 90.7% in 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 during the last quarter. Geneos Wealth Management Inc. lifted its stake in Atlassian by 447.2% in 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 during the last quarter. First Horizon Advisors Inc. lifted 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 valued at $57,000 after buying an additional 55 shares during the last quarter. Finally, State of Wyoming lifted 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 valued at $59,000 after buying an additional 47 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on TEAM shares. Stephens cut their price objective on shares of Atlassian from $221.00 to $202.00 and set an “equal weight” rating for the company in a research report on Monday, August 11th. Cantor Fitzgerald dropped their price target on Atlassian from $256.00 to $240.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Truist Financial set a $230.00 target price on Atlassian in a report on Friday, August 8th. Oppenheimer dropped their target price on Atlassian from $300.00 to $275.00 and set an “outperform” rating for the company in a report on Monday, July 21st. Finally, Wall Street Zen upgraded shares of Atlassian from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $248.74.

Insider Transactions at Atlassian

In other Atlassian news, President Anutthara Bharadwaj sold 7,728 shares of the business’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 of the company’s stock, valued at approximately $29,875,167.43. The trade was a 4.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the business’s stock in a transaction dated Friday, July 18th. The stock was 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 of the company’s stock, valued at approximately $75,376,230.30. The trade was a 1.92% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 551,608 shares of company stock valued at $99,222,126. Corporate insiders own 38.55% of the company’s stock.

Atlassian Price Performance

Shares of NASDAQ:TEAM opened at $150.49 on Friday. The firm has a 50 day moving average of $171.67 and a 200-day moving average of $195.63. The stock has a market capitalization of $39.48 billion, a PE ratio of -152.01 and a beta of 0.92. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.73. Atlassian Corporation PLC has a 12 month low of $147.40 and a 12 month high of $326.00.

Atlassian (NASDAQ:TEAM) last issued its earnings results on Thursday, August 7th. The technology company reported $0.98 EPS for the quarter, beating the consensus estimate 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 company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the previous year, the company earned $0.66 EPS. The business’s revenue for the quarter 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. On average, equities research analysts predict that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal 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.