Wealthfront Advisers LLC Increases Position in Atlassian Corporation PLC $TEAM

Wealthfront Advisers LLC lifted its position in Atlassian Corporation PLC (NASDAQ:TEAM) by 58.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,485 shares of the technology company’s stock after purchasing an additional 5,733 shares during the period. Wealthfront Advisers LLC’s holdings in Atlassian were worth $3,145,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of TEAM. GAMMA Investing LLC boosted its holdings in Atlassian by 96.9% in the 1st quarter. GAMMA Investing LLC now owns 571 shares of the technology company’s stock worth $121,000 after buying an additional 281 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in shares of Atlassian by 42.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,240 shares of the technology company’s stock valued at $900,000 after acquiring an additional 1,259 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Atlassian by 24.3% in the first quarter. Sequoia Financial Advisors LLC now owns 2,609 shares of the technology company’s stock valued at $554,000 after acquiring an additional 510 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Atlassian by 47,387.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,799 shares of the technology company’s stock valued at $822,000 after purchasing an additional 3,791 shares during the period. Finally, Essex Financial Services Inc. raised its stake in Atlassian by 19.0% during the 1st quarter. Essex Financial Services Inc. now owns 1,480 shares of the technology company’s stock valued at $314,000 after purchasing an additional 236 shares during the period. Institutional investors own 94.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TEAM. Zacks Research lowered shares of Atlassian from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 7th. Mizuho dropped their target price on shares of Atlassian from $265.00 to $235.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Wall Street Zen upgraded shares of Atlassian from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Oppenheimer decreased their price target on shares of Atlassian from $300.00 to $275.00 and set an “outperform” rating on the stock in a research note on Monday, July 21st. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Atlassian in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $243.58.

Atlassian Stock Performance

Atlassian stock opened at $159.28 on Thursday. The company’s 50-day moving average price is $164.20 and its 200-day moving average price is $188.42. Atlassian Corporation PLC has a twelve month low of $144.32 and a twelve month high of $326.00. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.73. The company has a market cap of $41.78 billion, a PE ratio of -160.89 and a beta of 0.92.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings results on Thursday, August 7th. The technology company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.83 by $0.15. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.36 billion. Atlassian had a negative return on equity of 14.77% and a negative net margin of 4.92%.The firm’s revenue was up 22.3% on a year-over-year basis. During the same quarter last year, the business posted $0.66 earnings per share. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, equities research analysts forecast that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Insider Activity at Atlassian

In other news, CEO Michael Cannon-Brookes sold 7,665 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $165.03, for a total transaction of $1,264,954.95. Following the transaction, the chief executive officer owned 344,925 shares of the company’s stock, valued at approximately $56,922,972.75. The trade was a 2.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Scott Farquhar sold 7,665 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $165.03, for a total value of $1,264,954.95. Following the transaction, the director directly owned 344,925 shares in the company, valued at approximately $56,922,972.75. This represents a 2.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 551,608 shares of company stock valued at $91,612,467 over the last ninety days. Corporate insiders own 36.66% of the company’s stock.

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.