SBI Securities Co. Ltd. Purchases 18,904 Shares of Atlassian Corporation PLC $TEAM

SBI Securities Co. Ltd. raised its position in Atlassian Corporation PLC (NASDAQ:TEAM) by 236.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,903 shares of the technology company’s stock after purchasing an additional 18,904 shares during the period. SBI Securities Co. Ltd.’s holdings in Atlassian were worth $5,464,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Smithfield Trust Co raised its position in shares of 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 buying an additional 78 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Atlassian by 447.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock worth $42,000 after acquiring an additional 161 shares during the last quarter. 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 acquiring an additional 47 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Atlassian by 40.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 374 shares of the technology company’s stock valued at $76,000 after acquiring an additional 107 shares in the last quarter. Finally, Banque Transatlantique SA bought a new stake in shares of Atlassian during the 1st quarter valued at about $77,000. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

Atlassian Stock Down 1.0%

TEAM opened at $157.54 on Wednesday. Atlassian Corporation PLC has a 12 month low of $144.32 and a 12 month high of $326.00. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.72. The business’s 50-day moving average price is $162.56 and its 200-day moving average price is $185.44. The company has a market cap of $41.45 billion, a P/E ratio of -221.88, a P/E/G ratio of 37.74 and a beta of 0.95.

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

Analyst Upgrades and Downgrades

TEAM has been the topic of several research reports. Weiss Ratings restated a “sell (e+)” rating on shares of Atlassian in a research report on Wednesday, October 8th. The Goldman Sachs Group restated a “buy” rating and set a $260.00 price target on shares of Atlassian in a research report on Friday, October 31st. Mizuho upped their price objective on Atlassian from $235.00 to $245.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Citigroup reiterated a “buy” rating on shares of Atlassian in a research report on Wednesday, October 22nd. Finally, Barclays dropped their target price on Atlassian from $244.00 to $215.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. One equities 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $239.44.

Insider Buying and Selling

In other Atlassian news, President Anutthara Bharadwaj sold 7,728 shares of the firm’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $163.43, for a total value of $1,262,987.04. Following the sale, the president owned 182,801 shares of the company’s stock, valued at $29,875,167.43. This trade represents a 4.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the business’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $169.40, for a total transaction of $1,298,451.00. Following the completion of the transaction, the chief executive officer owned 183,960 shares in the company, valued at $31,162,824. The trade was a 4.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have bought 4,497 shares of company stock valued at $742,375 and have sold 566,938 shares valued at $92,943,648. 36.66% of the stock is owned by 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.