Rajeev Bashyam Rajan Sells 5,652 Shares of Atlassian (NASDAQ:TEAM) Stock

Atlassian Corporation PLC (NASDAQ:TEAM) CTO Rajeev Bashyam Rajan sold 5,652 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $152.46, for a total value of $861,703.92. Following the completion of the sale, the chief technology officer owned 223,014 shares of the company’s stock, valued at $34,000,714.44. This trade represents a 2.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Atlassian Stock Performance

Shares of TEAM opened at $148.75 on Wednesday. The stock has a market capitalization of $39.14 billion, a PE ratio of -209.50, a price-to-earnings-growth ratio of 34.63 and a beta of 0.95. The business’s fifty day moving average price is $160.32 and its 200 day moving average price is $182.84. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.26 and a quick ratio of 1.26. Atlassian Corporation PLC has a 12-month low of $144.32 and a 12-month high of $326.00.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. DNB Asset Management AS lifted its holdings in Atlassian by 266.6% in the third quarter. DNB Asset Management AS now owns 2,806,888 shares of the technology company’s stock worth $448,260,000 after purchasing an additional 2,041,210 shares during the period. Norges Bank bought a new stake in shares of Atlassian during the 2nd quarter worth about $377,794,000. Artisan Partners Limited Partnership lifted its stake in shares of Atlassian by 66.3% in the 2nd quarter. Artisan Partners Limited Partnership now owns 3,878,133 shares of the technology company’s stock worth $787,610,000 after acquiring an additional 1,545,546 shares during the period. Nuveen LLC bought a new position in shares of Atlassian in the first quarter valued at approximately $327,665,000. Finally, Vanguard Group Inc. increased its stake in shares of Atlassian by 6.0% during the third quarter. Vanguard Group Inc. now owns 18,479,561 shares of the technology company’s stock valued at $2,951,186,000 after acquiring an additional 1,049,483 shares during the period. Institutional investors own 94.45% of the company’s stock.

Wall Street Analyst Weigh In

TEAM has been the subject of several recent research reports. Cowen reaffirmed a “hold” rating on shares of Atlassian in a report on Monday, October 27th. Robert W. Baird set a $230.00 price objective on Atlassian in a research report on Friday, October 31st. BMO Capital Markets increased their target price on Atlassian from $190.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Citigroup reiterated a “buy” rating on shares of Atlassian in a research note on Wednesday, October 22nd. Finally, Canaccord Genuity Group restated a “buy” rating and set a $230.00 price target on shares of Atlassian in a research report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.