Lyell Wealth Management LP Sells 368 Shares of Atlassian Corporation PLC $TEAM

Lyell Wealth Management LP lessened its position in Atlassian Corporation PLC (NASDAQ:TEAM) by 5.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,359 shares of the technology company’s stock after selling 368 shares during the quarter. Lyell Wealth Management LP’s holdings in Atlassian were worth $1,291,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TEAM. Nuveen LLC bought a new stake in Atlassian during the 1st quarter valued at about $327,665,000. AQR Capital Management LLC lifted its holdings in Atlassian by 145.6% during the 1st quarter. AQR Capital Management LLC now owns 1,715,287 shares of the technology company’s stock valued at $354,858,000 after buying an additional 1,016,902 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Atlassian by 21.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,440,813 shares of the technology company’s stock valued at $730,175,000 after buying an additional 616,071 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Atlassian by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 16,993,537 shares of the technology company’s stock valued at $3,606,198,000 after buying an additional 580,583 shares in the last quarter. Finally, Baillie Gifford & Co. lifted its holdings in Atlassian by 7.1% during the 1st quarter. Baillie Gifford & Co. now owns 8,694,755 shares of the technology company’s stock valued at $1,845,114,000 after buying an additional 573,696 shares in the last quarter. Institutional investors own 94.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Atlassian in a report on Wednesday, October 8th. Wells Fargo & Company assumed coverage on shares of Atlassian in a report on Tuesday, September 30th. They issued an “overweight” rating and a $216.00 price target for the company. Bank of America assumed coverage on shares of Atlassian in a report on Tuesday, September 23rd. They issued a “neutral” rating and a $200.00 price target for the company. Guggenheim assumed coverage on shares of Atlassian in a report on Thursday, September 11th. They issued a “buy” rating and a $225.00 price target for the company. Finally, Capital One Financial lowered shares of Atlassian from an “overweight” rating to an “equal weight” rating and set a $211.00 price target for the company. in a report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Atlassian has a consensus rating of “Moderate Buy” and a consensus target price of $248.74.

Insiders Place Their Bets

In other Atlassian news, Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction on Friday, August 1st. The shares were sold at an average price of $184.43, for a total value of $1,413,655.95. Following the transaction, the director directly owned 314,265 shares of the company’s stock, valued at approximately $57,959,893.95. The trade was a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction on Monday, August 4th. The stock was sold at an average price of $185.43, for a total transaction of $1,421,320.95. Following the completion of the transaction, the chief executive officer directly owned 306,600 shares in the company, valued at $56,852,838. This represents a 2.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 536,278 shares of company stock valued at $91,583,034. 36.66% of the stock is currently owned by insiders.

Atlassian Price Performance

Shares of TEAM opened at $151.95 on Monday. The company has a 50 day moving average of $164.28 and a two-hundred day moving average of $190.15. 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 Corporation PLC has a twelve month low of $144.32 and a twelve month high of $326.00. The company has a market cap of $39.86 billion, a price-to-earnings ratio of -153.48 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.15. Atlassian had a negative net margin of 4.92% and a negative return on equity of 14.77%. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the previous year, the company earned $0.66 earnings per share. The business’s revenue for the quarter was up 22.3% on a year-over-year basis. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, analysts predict that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal 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.