Strs Ohio Has $24.75 Million Stake in Atlassian Corporation PLC $TEAM

Strs Ohio grew its stake in Atlassian Corporation PLC (NASDAQ:TEAM) by 18.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 121,869 shares of the technology company’s stock after purchasing an additional 18,603 shares during the period. Strs Ohio’s holdings in Atlassian were worth $24,750,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of TEAM. GAMMA Investing LLC grew its position in Atlassian by 96.9% in the 1st quarter. GAMMA Investing LLC now owns 571 shares of the technology company’s stock worth $121,000 after purchasing an additional 281 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Atlassian by 42.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,240 shares of the technology company’s stock worth $900,000 after purchasing an additional 1,259 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Atlassian by 47,387.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,799 shares of the technology company’s stock valued at $822,000 after acquiring an additional 3,791 shares in the last quarter. Amalgamated Bank boosted its position in shares of Atlassian by 6.1% during the 1st quarter. Amalgamated Bank now owns 11,360 shares of the technology company’s stock valued at $2,411,000 after acquiring an additional 650 shares in the last quarter. Finally, Private Trust Co. NA boosted its position in shares of Atlassian by 1,839.4% during the 1st quarter. Private Trust Co. NA now owns 640 shares of the technology company’s stock valued at $136,000 after acquiring an additional 607 shares in the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Atlassian

In other news, President Anutthara Bharadwaj sold 7,728 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $163.43, for a total transaction of $1,262,987.04. Following the transaction, the president directly owned 182,801 shares in the company, valued at approximately $29,875,167.43. This represents a 4.06% decrease in their ownership of the stock. The sale 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 that occurred on Monday, August 11th. The stock was sold at an average price of $163.51, for a total transaction of $1,253,304.15. Following the transaction, the director owned 268,275 shares in the company, valued at $43,865,645.25. The trade was a 2.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 551,608 shares of company stock worth $91,244,164 over the last ninety days. Corporate insiders own 36.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. UBS Group decreased their target price on shares of Atlassian from $215.00 to $185.00 and set a “neutral” rating on the stock in a research report on Friday, October 24th. Cantor Fitzgerald reiterated an “overweight” rating and set a $240.00 target price on shares of Atlassian in a research report on Friday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Atlassian in a research report on Wednesday, October 8th. Truist Financial set a $210.00 target price on shares of Atlassian in a research report on Friday. Finally, BMO Capital Markets lifted their price objective on Atlassian from $190.00 to $195.00 and gave the company an “outperform” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $239.84.

Atlassian Price Performance

NASDAQ:TEAM opened at $169.42 on Friday. The firm has a market cap of $44.44 billion, a PE ratio of -238.62 and a beta of 0.92. 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 company’s 50-day moving average price is $164.09 and its two-hundred day moving average price is $188.01.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings results on Thursday, October 30th. The technology company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.21. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.20%. The company’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.77 earnings per share. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. On average, equities analysts anticipate that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal 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.