Rajeev Bashyam Rajan Sells 3,017 Shares of Atlassian (NASDAQ:TEAM) Stock

Atlassian Corporation PLC (NASDAQ:TEAM) CTO Rajeev Bashyam Rajan sold 3,017 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $147.46, for a total value of $444,886.82. Following the completion of the sale, the chief technology officer directly owned 219,997 shares of the company’s stock, valued at $32,440,757.62. The trade was a 1.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Rajeev Bashyam Rajan also recently made the following trade(s):

• On Friday, November 14th, Rajeev Bashyam Rajan sold 5,652 shares of Atlassian stock. The shares were sold at an average price of $152.46, for a total value of $861,703.92.

Atlassian Stock Up 1.6%

Shares of TEAM opened at $146.28 on Friday. The company has a market cap of $38.49 billion, a PE ratio of -206.03, a P/E/G ratio of 34.16 and a beta of 0.95. The business has a fifty day moving average of $158.53 and a 200 day moving average of $181.89. Atlassian Corporation PLC has a 52-week low of $139.70 and a 52-week high of $326.00. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.72.

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

Institutional Investors Weigh In On Atlassian

A number of institutional investors and hedge funds have recently bought and sold shares of TEAM. State of Wyoming increased its stake in shares of Atlassian by 20.3% during 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 period. Physician Wealth Advisors Inc. lifted its stake in Atlassian by 60.4% in the third quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock worth $26,000 after acquiring an additional 61 shares during the period. EP Wealth Advisors LLC grew its holdings in Atlassian by 2.8% during the 1st quarter. EP Wealth Advisors LLC now owns 2,641 shares of the technology company’s stock worth $561,000 after acquiring an additional 71 shares in the last quarter. Snowden Capital Advisors LLC increased its position in Atlassian by 1.6% during the 2nd quarter. Snowden Capital Advisors LLC now owns 4,464 shares of the technology company’s stock valued at $907,000 after purchasing an additional 71 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Atlassian by 11.5% in the 1st quarter. Smartleaf Asset Management LLC now owns 716 shares of the technology company’s stock valued at $156,000 after purchasing an additional 74 shares in the last quarter. 94.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

TEAM has been the subject of several analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Atlassian in a research note on Wednesday, October 8th. Piper Sandler reiterated an “overweight” rating and issued a $300.00 price target on shares of Atlassian in a report on Friday, October 31st. Cantor Fitzgerald restated an “overweight” rating and set a $240.00 price objective on shares of Atlassian in a report on Friday, October 31st. Mizuho upped their price objective on Atlassian from $235.00 to $245.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Finally, Cowen reiterated a “hold” rating on shares of Atlassian in a research report on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $240.00.

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.