Tredje AP fonden Makes New Investment in Atlassian Corporation PLC $TEAM

Tredje AP fonden acquired a new stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 187,167 shares of the technology company’s stock, valued at approximately $38,012,000. Tredje AP fonden owned about 0.07% of Atlassian as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Smithfield Trust Co raised its position in Atlassian by 90.7% during the first quarter. Smithfield Trust Co now owns 164 shares of the technology company’s stock valued at $34,000 after acquiring an additional 78 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Atlassian by 447.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock worth $42,000 after purchasing an additional 161 shares during the period. First Horizon Advisors Inc. increased its holdings in shares of Atlassian by 25.9% during the 1st quarter. First Horizon Advisors Inc. now owns 267 shares of the technology company’s stock valued at $57,000 after purchasing an additional 55 shares in the last quarter. State of Wyoming increased its holdings in shares of Atlassian by 20.3% during the 1st quarter. State of Wyoming now owns 278 shares of the technology company’s stock valued at $59,000 after purchasing an additional 47 shares in the last quarter. Finally, Banque Transatlantique SA acquired a new position in shares of Atlassian in the 1st quarter valued at $77,000. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Insider Transactions at Atlassian

In other Atlassian news, CEO Michael Cannon-Brookes sold 7,665 shares of the stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $160.40, for a total value of $1,229,466.00. Following the completion of the sale, the chief executive officer owned 321,930 shares in the company, valued at approximately $51,637,572. This represents a 2.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Scott Farquhar sold 7,665 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $160.41, for a total value of $1,229,542.65. Following the transaction, the director owned 321,930 shares in the company, valued at approximately $51,640,791.30. This represents a 2.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 551,608 shares of company stock valued at $91,244,164 over the last quarter. Company insiders own 36.66% of the company’s stock.

Atlassian Price Performance

Shares of Atlassian stock opened at $169.42 on Friday. The stock has a market capitalization of $44.44 billion, a P/E ratio of -238.62 and a beta of 0.92. The business has a 50 day simple moving average of $164.09 and a two-hundred day simple moving average of $187.87. Atlassian Corporation PLC has a 12 month low of $144.32 and a 12 month high of $326.00. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.22 and a quick ratio of 1.22.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings results on Thursday, October 30th. The technology company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.83 by $0.21. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Atlassian had a negative return on equity of 7.20% and a negative net margin of 3.38%.The firm’s revenue for the quarter was up 20.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.77 earnings per share. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. As a group, analysts predict that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TEAM has been the topic of several analyst reports. Barclays dropped their price target on shares of Atlassian from $244.00 to $215.00 and set an “overweight” rating on the stock in a research report on Friday, August 8th. Piper Sandler restated an “overweight” rating and set a $300.00 target price on shares of Atlassian in a research report on Friday. UBS Group cut their price target on Atlassian from $215.00 to $185.00 and set a “neutral” rating for the company in a research note on Friday, October 24th. TD Cowen lowered their price target on Atlassian from $220.00 to $205.00 and set a “hold” rating on the stock in a research report on Monday, October 27th. Finally, Robert W. Baird set a $230.00 price objective on Atlassian in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Atlassian has an average rating of “Moderate Buy” and an average target price of $239.84.

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.