OFI Invest Asset Management Acquires 191 Shares of Atlassian Corporation PLC $TEAM

OFI Invest Asset Management increased its holdings in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 65.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 485 shares of the technology company’s stock after purchasing an additional 191 shares during the quarter. OFI Invest Asset Management’s holdings in Atlassian were worth $98,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Atlassian by 3.5% during the first 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 in the last quarter. Baillie Gifford & Co. increased its position in Atlassian by 7.1% during the first quarter. Baillie Gifford & Co. now owns 8,694,755 shares of the technology company’s stock valued at $1,845,114,000 after acquiring an additional 573,696 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Atlassian by 21.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,440,813 shares of the technology company’s stock valued at $730,175,000 after acquiring an additional 616,071 shares during the last quarter. Voya Investment Management LLC increased its position in Atlassian by 24.1% during the first quarter. Voya Investment Management LLC now owns 2,695,889 shares of the technology company’s stock valued at $571,894,000 after acquiring an additional 523,035 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its position in Atlassian by 6.7% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,972,130 shares of the technology company’s stock valued at $418,506,000 after acquiring an additional 124,432 shares during the last quarter. 94.45% of the stock is owned by institutional investors.

Insider Transactions at Atlassian

In other news, CEO Michael Cannon-Brookes sold 7,665 shares of the company’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $202.05, for a total value of $1,548,713.25. Following the completion of the transaction, the chief executive officer owned 344,925 shares of the company’s stock, valued at $69,692,096.25. This represents a 2.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Scott Farquhar sold 7,665 shares of the company’s stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $202.55, for a total value of $1,552,545.75. Following the completion of the transaction, the director directly owned 352,590 shares of the company’s stock, valued at approximately $71,417,104.50. This trade represents a 2.13% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 551,608 shares of company stock valued at $95,837,569 over the last 90 days. Company insiders own 38.55% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. KeyCorp reduced their price objective on Atlassian from $275.00 to $250.00 and set an “overweight” rating for the company in a research report on Thursday, July 17th. Canaccord Genuity Group reduced their price objective on Atlassian from $255.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, August 8th. Wells Fargo & Company assumed coverage on Atlassian in a research report on Tuesday, September 30th. They set an “overweight” rating and a $216.00 price objective for the company. UBS Group reiterated a “hold” rating on shares of Atlassian in a research report on Monday, July 7th. Finally, Cantor Fitzgerald reduced their price target on Atlassian from $256.00 to $240.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $248.74.

Atlassian Stock Performance

Shares of TEAM opened at $144.56 on Monday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.73. The business has a 50-day simple moving average of $167.04 and a two-hundred day simple moving average of $192.32. The stock has a market cap of $37.92 billion, a price-to-earnings ratio of -146.02 and a beta of 0.92. Atlassian Corporation PLC has a 52 week low of $144.32 and a 52 week high of $326.00.

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

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.