Scott Belsky Purchases 1,476 Shares of Atlassian (NASDAQ:TEAM) Stock

Atlassian Corporation PLC (NASDAQ:TEAM) Director Scott Belsky bought 1,476 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was bought at an average price of $169.99 per share, with a total value of $250,905.24. Following the completion of the acquisition, the director owned 4,497 shares of the company’s stock, valued at $764,445.03. This trade represents a 48.86% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Scott Belsky also recently made the following trade(s):

• On Wednesday, October 1st, Scott Belsky bought 1,566 shares of Atlassian stock. The stock was bought at an average price of $153.10 per share, with a total value of $239,754.60.
• On Thursday, August 28th, Scott Belsky bought 1,455 shares of Atlassian stock. The stock was bought at an average price of $173.00 per share, with a total value of $251,715.00.

Atlassian Stock Down 6.3%

NASDAQ:TEAM traded down $11.08 during midday trading on Tuesday, reaching $165.00. The company had a trading volume of 4,898,819 shares, compared to its average volume of 2,499,999. Atlassian Corporation PLC has a 12-month low of $144.32 and a 12-month high of $326.00. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $43.28 billion, a price-to-earnings ratio of -232.39 and a beta of 0.95. The stock’s fifty day simple moving average is $164.24 and its 200-day simple moving average is $187.56.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings results 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. Atlassian had a negative return on equity of 7.20% and a negative net margin of 3.38%.The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period last year, the firm earned $0.77 earnings per share. Atlassian’s quarterly revenue was up 20.6% on a year-over-year basis. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. On average, sell-side analysts anticipate that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Atlassian

Several institutional investors have recently added to or reduced their stakes in the stock. Physician Wealth Advisors Inc. increased its position in Atlassian by 60.4% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock valued at $26,000 after acquiring an additional 61 shares during the period. Atlantic Union Bankshares Corp increased its position in Atlassian by 19,900.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company’s stock valued at $32,000 after acquiring an additional 199 shares during the period. Jones Financial Companies Lllp increased its position in Atlassian by 42.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,319 shares of the technology company’s stock valued at $386,000 after acquiring an additional 694 shares during the period. Mediolanum International Funds Ltd increased its position in Atlassian by 108.4% in the 3rd quarter. Mediolanum International Funds Ltd now owns 41,963 shares of the technology company’s stock valued at $6,937,000 after acquiring an additional 21,829 shares during the period. Finally, Frank Rimerman Advisors LLC acquired a new position in Atlassian in the 3rd quarter valued at about $257,000. Institutional investors and hedge funds own 94.45% of the company’s stock.

Wall Street Analysts Forecast Growth

TEAM has been the topic of a number of analyst reports. Barclays cut their price target on Atlassian from $244.00 to $215.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. Citigroup restated a “buy” rating on shares of Atlassian in a research note on Wednesday, October 22nd. Canaccord Genuity Group reissued a “buy” rating and issued a $230.00 target price on shares of Atlassian in a report on Wednesday, October 22nd. The Goldman Sachs Group reissued a “buy” rating and issued a $260.00 target price on shares of Atlassian in a report on Friday. Finally, TD Cowen reduced their target price on Atlassian from $220.00 to $205.00 and set a “hold” rating for the company in a report on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $239.44.

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.