Atlassian Corporation PLC $TEAM Shares Bought by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. raised its position in Atlassian Corporation PLC (NASDAQ:TEAM) by 21.9% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 38,694 shares of the technology company’s stock after buying an additional 6,962 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Atlassian were worth $7,858,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of TEAM. Whittier Trust Co. grew its stake in shares of Atlassian by 11.9% during the 2nd quarter. Whittier Trust Co. now owns 2,157 shares of the technology company’s stock worth $438,000 after purchasing an additional 230 shares during the period. DekaBank Deutsche Girozentrale grew its stake in shares of Atlassian by 1.8% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 27,083 shares of the technology company’s stock worth $5,463,000 after purchasing an additional 471 shares during the period. Stephens Inc. AR acquired a new position in shares of Atlassian during the 2nd quarter worth $290,000. Chicago Partners Investment Group LLC grew its stake in shares of Atlassian by 128.3% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 2,466 shares of the technology company’s stock worth $500,000 after purchasing an additional 1,386 shares during the period. Finally, Mutual of America Capital Management LLC acquired a new position in shares of Atlassian during the 2nd quarter worth $828,000. 94.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Atlassian

In other Atlassian news, CEO Michael Cannon-Brookes sold 7,665 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $185.81, for a total value of $1,424,233.65. Following the transaction, the chief executive officer directly owned 291,270 shares in the company, valued at approximately $54,120,878.70. This represents a 2.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Scott Farquhar sold 7,665 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $185.43, for a total transaction of $1,421,320.95. Following the completion of the transaction, the director owned 306,600 shares in the company, valued at approximately $56,852,838. This trade represents a 2.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 551,608 shares of company stock worth $93,203,568. Corporate insiders own 36.66% of the company’s stock.

Atlassian Price Performance

NASDAQ:TEAM opened at $167.89 on Thursday. The firm has a market cap of $44.04 billion, a price-to-earnings ratio of -169.58 and a beta of 0.92. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.73. The company’s 50-day moving average is $164.56 and its two-hundred day moving average is $189.65. Atlassian Corporation PLC has a 12-month low of $144.32 and a 12-month high of $326.00.

Atlassian (NASDAQ:TEAM) last released 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 company had revenue of $1.38 billion for 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%. The firm’s quarterly revenue was up 22.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.66 EPS. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Research analysts expect that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Mizuho lowered their price target on shares of Atlassian from $265.00 to $235.00 and set an “outperform” rating on the stock in a research note on Friday, August 8th. Stephens lowered their price target on shares of Atlassian from $221.00 to $202.00 and set an “equal weight” rating on the stock in a research note on Monday, August 11th. Canaccord Genuity Group reiterated a “buy” rating and issued a $230.00 price objective on shares of Atlassian in a research report on Wednesday. KeyCorp decreased their price objective on shares of Atlassian from $275.00 to $250.00 and set an “overweight” rating on the stock in a research report on Thursday, July 17th. Finally, Guggenheim initiated coverage on shares of Atlassian in a research report on Thursday, September 11th. They issued a “buy” rating and a $225.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $248.74.

Atlassian Company 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.