Equitable Trust Co. Has $1.70 Million Stock Position in Atlassian Corporation PLC $TEAM

Equitable Trust Co. raised its position in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 4.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,374 shares of the technology company’s stock after purchasing an additional 357 shares during the period. Equitable Trust Co.’s holdings in Atlassian were worth $1,701,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Atlassian by 3.5% during the first quarter. Vanguard Group Inc. now owns 16,993,537 shares of the technology company’s stock valued at $3,606,198,000 after purchasing an additional 580,583 shares in the last quarter. Baillie Gifford & Co. raised its position in Atlassian by 7.1% during the first quarter. Baillie Gifford & Co. now owns 8,694,755 shares of the technology company’s stock valued at $1,845,114,000 after purchasing an additional 573,696 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Atlassian by 21.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,440,813 shares of the technology company’s stock valued at $730,175,000 after purchasing an additional 616,071 shares in the last quarter. Voya Investment Management LLC raised its position in Atlassian by 24.1% during the first quarter. Voya Investment Management LLC now owns 2,695,889 shares of the technology company’s stock valued at $571,894,000 after purchasing an additional 523,035 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its position in Atlassian by 6.7% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,972,130 shares of the technology company’s stock valued at $418,506,000 after purchasing an additional 124,432 shares in the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Atlassian Stock Performance

NASDAQ TEAM opened at $156.37 on Wednesday. The company has a market capitalization of $41.02 billion, a price-to-earnings ratio of -157.95 and a beta of 0.92. Atlassian Corporation PLC has a twelve month low of $144.32 and a twelve month high of $326.00. The stock has a fifty day simple moving average of $165.73 and a 200 day simple moving average of $191.60. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.73.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.36 billion. Atlassian had a negative return on equity of 14.77% and a negative net margin of 4.92%.Atlassian’s quarterly revenue was up 22.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 earnings per share. 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 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TEAM shares. UBS Group reiterated a “hold” rating on shares of Atlassian in a report on Monday, July 7th. KeyCorp lowered their price target on shares of Atlassian from $275.00 to $250.00 and set an “overweight” rating for the company in a report on Thursday, July 17th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Atlassian in a report on Wednesday, October 8th. Bank of America started coverage on shares of Atlassian in a report on Tuesday, September 23rd. They set a “neutral” rating and a $200.00 price target for the company. Finally, Citigroup lowered their price target on shares of Atlassian from $300.00 to $240.00 and set a “buy” rating for the company in a report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Atlassian currently has an average rating of “Moderate Buy” and an average price target of $248.74.

Insiders Place Their Bets

In other Atlassian news, Director Scott Farquhar sold 7,665 shares of the company’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $147.81, for a total transaction of $1,132,963.65. Following the sale, the director owned 421,575 shares of the company’s stock, valued at approximately $62,313,000.75. This represents a 1.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the company’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $147.81, for a total transaction of $1,132,963.65. Following the sale, the chief executive officer directly owned 421,575 shares in the company, valued at $62,313,000.75. This trade represents a 1.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 551,608 shares of company stock worth $95,200,454 in the last ninety days. Insiders own 38.55% of the company’s stock.

Atlassian 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.