OVERSEA CHINESE BANKING Corp Ltd Cuts Stock Position in Atlassian Corporation PLC $TEAM

OVERSEA CHINESE BANKING Corp Ltd lessened its holdings in Atlassian Corporation PLC (NASDAQ:TEAM) by 87.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,351 shares of the technology company’s stock after selling 15,901 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Atlassian were worth $477,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. State of Wyoming increased its stake in 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 buying an additional 47 shares in the last quarter. First Horizon Advisors Inc. increased its stake in Atlassian by 25.9% in the 1st quarter. First Horizon Advisors Inc. now owns 267 shares of the technology company’s stock worth $57,000 after buying an additional 55 shares in the last quarter. EP Wealth Advisors LLC increased its stake in Atlassian by 2.8% in the 1st quarter. EP Wealth Advisors LLC now owns 2,641 shares of the technology company’s stock worth $561,000 after buying an additional 71 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Atlassian by 11.5% in the 1st quarter. Smartleaf Asset Management LLC now owns 716 shares of the technology company’s stock worth $156,000 after buying an additional 74 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC increased its stake in Atlassian by 5.5% in the 1st quarter. Ashton Thomas Private Wealth LLC now owns 1,412 shares of the technology company’s stock worth $300,000 after buying an additional 74 shares in the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Insider Activity at Atlassian

In other Atlassian news, Director Scott Farquhar sold 7,665 shares of the business’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $164.50, for a total transaction of $1,260,892.50. Following the sale, the director directly owned 352,590 shares of the company’s stock, valued at $58,001,055. The trade was a 2.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the business’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $164.50, for a total value of $1,260,892.50. Following the transaction, the chief executive officer owned 352,590 shares of the company’s stock, valued at $58,001,055. This trade represents a 2.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 551,608 shares of company stock worth $92,116,058 over the last three months. 36.66% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TEAM shares. Cantor Fitzgerald cut their price target on Atlassian from $256.00 to $240.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. Citigroup reaffirmed a “buy” rating on shares of Atlassian in a report on Wednesday, October 22nd. UBS Group reduced their target price on Atlassian from $215.00 to $185.00 and set a “neutral” rating on the stock in a report on Friday. Mizuho reduced their target price on Atlassian from $265.00 to $235.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. Finally, Wall Street Zen raised Atlassian from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $243.58.

Atlassian Trading Up 1.0%

Shares of NASDAQ TEAM opened at $164.26 on Tuesday. The business’s 50 day moving average is $164.39 and its two-hundred day moving average is $188.93. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.22 and a quick ratio of 1.22. Atlassian Corporation PLC has a 1-year low of $144.32 and a 1-year high of $326.00. The stock has a market capitalization of $43.09 billion, a P/E ratio of -165.92 and a beta of 0.92.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings data on Thursday, August 7th. The technology company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.15. Atlassian had a negative return on equity of 14.77% and a negative net margin of 4.92%.The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the previous year, the firm posted $0.66 earnings per share. The firm’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, research analysts expect that Atlassian Corporation PLC will post -0.34 EPS for the current year.

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.