US Bancorp DE Reduces Holdings in Atlassian Corporation PLC $TEAM

US Bancorp DE decreased its position in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 7.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,032 shares of the technology company’s stock after selling 1,925 shares during the period. US Bancorp DE’s holdings in Atlassian were worth $4,678,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State of Wyoming increased its position in shares of Atlassian by 20.3% in the 1st quarter. State of Wyoming now owns 278 shares of the technology company’s stock worth $59,000 after purchasing an additional 47 shares during the last quarter. First Horizon Advisors Inc. lifted its position in shares of Atlassian by 25.9% during the first quarter. First Horizon Advisors Inc. now owns 267 shares of the technology company’s stock worth $57,000 after purchasing an additional 55 shares during the last quarter. Yousif Capital Management LLC lifted its position in shares of Atlassian by 2.9% during the first quarter. Yousif Capital Management LLC now owns 2,063 shares of the technology company’s stock worth $438,000 after purchasing an additional 58 shares during the last quarter. Johnson Investment Counsel Inc. lifted its position in shares of Atlassian by 6.5% during the first quarter. Johnson Investment Counsel Inc. now owns 978 shares of the technology company’s stock worth $208,000 after purchasing an additional 60 shares during the last quarter. Finally, EP Wealth Advisors LLC lifted its position in shares of Atlassian by 2.8% during the first quarter. EP Wealth Advisors LLC now owns 2,641 shares of the technology company’s stock worth $561,000 after purchasing an additional 71 shares during the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TEAM. Mizuho reduced their price target on shares of Atlassian from $265.00 to $235.00 and set an “outperform” rating on the stock in a research report on Friday, August 8th. Raymond James Financial reduced their price target on shares of Atlassian from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Friday, August 8th. Canaccord Genuity Group reduced their price target on shares of Atlassian from $255.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, August 8th. Barclays reduced 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. Finally, Cantor Fitzgerald lowered their price objective on shares of Atlassian from $256.00 to $240.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Atlassian has a consensus rating of “Moderate Buy” and an average price target of $248.74.

Insider Buying and Selling at Atlassian

In other Atlassian news, Director Scott Farquhar sold 7,665 shares of the business’s stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $202.55, for a total transaction of $1,552,545.75. Following the completion of the transaction, the director directly owned 352,590 shares of the company’s stock, valued at $71,417,104.50. The trade was a 2.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the business’s stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $202.05, for a total transaction of $1,548,713.25. Following the transaction, the chief executive officer directly owned 344,925 shares of the company’s stock, valued at $69,692,096.25. The trade was a 2.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 551,608 shares of company stock valued at $95,837,569 in the last ninety days. Company insiders own 38.55% of the company’s stock.

Atlassian Trading Up 3.3%

Atlassian stock opened at $149.39 on Tuesday. 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 firm has a 50-day moving average price of $166.31 and a two-hundred day moving average price of $191.84. The firm has a market capitalization of $39.19 billion, a price-to-earnings ratio of -150.90 and a beta of 0.92. Atlassian Corporation PLC has a 52-week low of $144.32 and a 52-week high of $326.00.

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