Retireful LLC Decreases Holdings in Atlassian Corporation PLC $TEAM

Retireful LLC lowered its holdings in Atlassian Corporation PLC (NASDAQ:TEAM) by 24.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 3,693 shares of the technology company’s stock after selling 1,203 shares during the quarter. Retireful LLC’s holdings in Atlassian were worth $750,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Clean Yield Group raised its holdings in Atlassian by 372.0% during the first quarter. Clean Yield Group now owns 118 shares of the technology company’s stock worth $25,000 after purchasing an additional 93 shares in the last quarter. Smithfield Trust Co raised its stake in Atlassian by 90.7% during the 1st quarter. Smithfield Trust Co now owns 164 shares of the technology company’s stock worth $34,000 after acquiring an additional 78 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Atlassian by 447.2% in the first quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock valued at $42,000 after acquiring an additional 161 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Atlassian by 82.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 243 shares of the technology company’s stock worth $52,000 after purchasing an additional 110 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its stake in Atlassian by 25.9% during the 1st quarter. First Horizon Advisors Inc. now owns 267 shares of the technology company’s stock worth $57,000 after buying an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Analysts Set New Price Targets

TEAM has been the subject of several research analyst reports. BMO Capital Markets decreased their price objective on Atlassian from $225.00 to $200.00 and set an “outperform” rating for the company in a report on Friday, August 8th. Raymond James Financial decreased their price target on shares of Atlassian from $300.00 to $250.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. Barclays dropped their price objective on shares of Atlassian from $244.00 to $215.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. Wall Street Zen raised Atlassian from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Finally, Mizuho reduced their price objective on Atlassian from $265.00 to $235.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $253.04.

Insider Activity at Atlassian

In other news, CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $219.98, for a total transaction of $1,686,146.70. Following the completion of the transaction, the chief executive officer owned 444,570 shares of the company’s stock, valued at $97,796,508.60. The trade was a 1.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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 sale, the president owned 182,801 shares in the company, valued at $29,875,167.43. This represents a 4.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 536,278 shares of company stock valued at $98,786,447 in the last ninety days. Corporate insiders own 38.55% of the company’s stock.

Atlassian Price Performance

Shares of NASDAQ TEAM opened at $163.83 on Thursday. The company’s fifty day moving average is $177.24 and its two-hundred day moving average is $198.58. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market capitalization of $42.98 billion, a P/E ratio of -165.48 and a beta of 0.95. Atlassian Corporation PLC has a one year low of $155.37 and a one year high of $326.00.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings data 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 firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter last year, the business earned $0.66 earnings per share. 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. Analysts forecast that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

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.