Nisa Investment Advisors LLC Cuts Position in Atlassian Corporation PLC $TEAM

Nisa Investment Advisors LLC lessened its holdings in Atlassian Corporation PLC (NASDAQ:TEAM) by 94.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,724 shares of the technology company’s stock after selling 129,604 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Atlassian were worth $1,569,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Smithfield Trust Co boosted its holdings in Atlassian by 90.7% in the first quarter. Smithfield Trust Co now owns 164 shares of the technology company’s stock worth $34,000 after acquiring an additional 78 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in Atlassian by 447.2% in the first quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock worth $42,000 after acquiring an additional 161 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in Atlassian by 25.9% in the first quarter. First Horizon Advisors Inc. now owns 267 shares of the technology company’s stock worth $57,000 after acquiring an additional 55 shares in the last quarter. State of Wyoming boosted its holdings in Atlassian by 20.3% in the first quarter. State of Wyoming now owns 278 shares of the technology company’s stock worth $59,000 after acquiring an additional 47 shares in the last quarter. Finally, Banque Transatlantique SA bought a new stake in Atlassian in the first quarter worth $77,000. 94.45% of the stock is owned by institutional investors.

Atlassian Stock Up 0.9%

TEAM stock opened at $160.67 on Friday. The stock has a market capitalization of $42.15 billion, a P/E ratio of -162.29 and a beta of 0.92. 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 business has a fifty 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 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.21. Atlassian had a negative return on equity of 14.77% and a negative net margin of 4.92%.The business’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.77 earnings per share. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Equities analysts forecast that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

TEAM has been the topic of several analyst reports. Truist Financial set a $230.00 target price on Atlassian in a report on Friday, August 8th. TD Cowen dropped their target price on Atlassian from $220.00 to $205.00 and set a “hold” rating on the stock in a report on Monday. UBS Group dropped their target price on Atlassian from $215.00 to $185.00 and set a “neutral” rating on the stock in a report on Friday, October 24th. Zacks Research cut Atlassian from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 7th. Finally, KeyCorp decreased their price target on Atlassian from $250.00 to $210.00 and set an “overweight” rating for the company in a research note on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $243.58.

Insiders Place Their Bets

In related news, CEO Michael Cannon-Brookes sold 7,665 shares of the company’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $160.40, for a total transaction of $1,229,466.00. Following the completion of the sale, the chief executive officer owned 329,595 shares in the company, valued at approximately $52,867,038. This represents a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Scott Farquhar sold 7,665 shares of the company’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $160.41, for a total value of $1,229,542.65. Following the sale, the director owned 329,595 shares of the company’s stock, valued at approximately $52,870,333.95. This trade represents a 2.27% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 551,608 shares of company stock valued at $91,244,164. 36.66% of the stock is owned by company insiders.

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.