Atlassian Corporation PLC $TEAM Stake Lowered by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC reduced its stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 7.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,459 shares of the technology company’s stock after selling 121 shares during the period. Transcend Capital Advisors LLC’s holdings in Atlassian were worth $296,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TEAM. Vanguard Group Inc. lifted its position in shares of Atlassian by 3.5% in the first quarter. Vanguard Group Inc. now owns 16,993,537 shares of the technology company’s stock worth $3,606,198,000 after buying an additional 580,583 shares during the last quarter. Baillie Gifford & Co. boosted its holdings 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 acquiring an additional 573,696 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings 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 acquiring an additional 616,071 shares during the period. Voya Investment Management LLC boosted its holdings 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 acquiring an additional 523,035 shares during the period. Finally, T. Rowe Price Investment Management Inc. boosted its holdings 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 acquiring an additional 124,432 shares during the period. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TEAM has been the subject of a number of recent analyst reports. Cowen restated a “hold” rating on shares of Atlassian in a report on Monday. Raymond James Financial decreased their price target on shares of Atlassian from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Friday, August 8th. KeyCorp decreased their price target on shares of Atlassian from $250.00 to $210.00 and set an “overweight” rating for the company in a report on Thursday, October 23rd. BMO Capital Markets cut their price objective on shares of Atlassian from $200.00 to $190.00 and set an “outperform” rating for the company in a research report on Friday, October 24th. Finally, Truist Financial set a $230.00 price objective on shares of Atlassian in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $243.58.

Atlassian Stock Performance

NASDAQ:TEAM opened at $160.67 on Friday. Atlassian Corporation PLC has a 12-month low of $144.32 and a 12-month high of $326.00. 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 market capitalization of $42.15 billion, a PE ratio of -162.29 and a beta of 0.92. The firm has a 50-day moving average price of $164.12 and a 200 day moving average price of $188.23.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings data on Thursday, October 30th. The technology company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.21. Atlassian had a negative net margin of 4.92% and a negative return on equity of 14.77%. The company’s revenue for the quarter was up 20.6% on a year-over-year basis. During the same quarter last year, the business earned $0.77 earnings per share. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Research analysts anticipate that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Insider Transactions at Atlassian

In other news, Director Scott Farquhar sold 7,665 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $163.51, for a total value of $1,253,304.15. Following the transaction, the director directly owned 268,275 shares of the company’s stock, valued at $43,865,645.25. The trade was a 2.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Anutthara Bharadwaj sold 7,728 shares of the business’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $163.43, for a total value of $1,262,987.04. Following the completion of the transaction, the president directly owned 182,801 shares in the company, valued at $29,875,167.43. The trade was a 4.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 551,608 shares of company stock valued at $91,244,164 in the last three months. 36.66% of the stock is owned by corporate insiders.

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.