Aviva PLC Reduces Stock Position in Atlassian Corporation PLC $TEAM

Aviva PLC reduced its holdings in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 18.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 123,708 shares of the technology company’s stock after selling 28,133 shares during the period. Aviva PLC’s holdings in Atlassian were worth $25,124,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. State of Wyoming grew its holdings in Atlassian by 20.3% during the 1st 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. EP Wealth Advisors LLC lifted its position in shares of Atlassian by 2.8% during the first quarter. EP Wealth Advisors LLC now owns 2,641 shares of the technology company’s stock worth $561,000 after purchasing an additional 71 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in Atlassian by 11.5% in the first quarter. Smartleaf Asset Management LLC now owns 716 shares of the technology company’s stock worth $156,000 after purchasing an additional 74 shares in the last quarter. Ashton Thomas Private Wealth LLC increased its holdings in Atlassian by 5.5% in the first quarter. Ashton Thomas Private Wealth LLC now owns 1,412 shares of the technology company’s stock valued at $300,000 after buying an additional 74 shares during the last quarter. Finally, Smithfield Trust Co increased its holdings in Atlassian by 90.7% in the first quarter. Smithfield Trust Co now owns 164 shares of the technology company’s stock valued at $34,000 after buying an additional 78 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Analyst Ratings Changes

TEAM has been the subject of several research reports. Mizuho lifted their target price on Atlassian from $235.00 to $245.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Wall Street Zen raised shares of Atlassian from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Wells Fargo & Company initiated coverage on shares of Atlassian in a research note on Tuesday, September 30th. They set an “overweight” rating and a $216.00 target price for the company. Citigroup restated a “buy” rating on shares of Atlassian in a research report on Wednesday, October 22nd. Finally, TD Cowen decreased their price target on shares of Atlassian from $220.00 to $205.00 and set a “hold” rating for the company in a report on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Atlassian presently has a consensus rating of “Moderate Buy” and an average target price of $239.44.

Atlassian Stock Performance

Shares of TEAM opened at $157.83 on Monday. The firm has a fifty day moving average of $163.23 and a 200-day moving average of $186.41. The company has a market cap of $41.53 billion, a price-to-earnings ratio of -222.29, a price-to-earnings-growth ratio of 37.43 and a beta of 0.95. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.26 and a current ratio of 1.26. Atlassian Corporation PLC has a 1 year low of $144.32 and a 1 year high of $326.00.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings data on Thursday, October 30th. The technology company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.21. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.11%. Atlassian’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same period last year, the firm posted $0.77 EPS. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. As a group, equities analysts anticipate that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Insider Transactions at Atlassian

In related news, CEO Michael Cannon-Brookes sold 7,665 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $169.40, for a total value of $1,298,451.00. Following the completion of the transaction, the chief executive officer directly owned 183,960 shares of the company’s stock, valued at $31,162,824. This represents a 4.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $169.73, for a total value of $1,300,980.45. Following the sale, the director directly owned 199,290 shares in the company, valued at $33,825,491.70. The trade was a 3.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders acquired 4,497 shares of company stock worth $742,375 and sold 536,278 shares worth $88,136,466. Insiders own 36.66% of the company’s stock.

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.