Dorsey & Whitney Trust CO LLC Acquires 802 Shares of Atlassian Corporation PLC $TEAM

Dorsey & Whitney Trust CO LLC boosted its holdings in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 65.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,029 shares of the technology company’s stock after purchasing an additional 802 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Atlassian were worth $412,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TEAM. One Wealth Advisors LLC boosted its holdings in Atlassian by 56.7% in the second quarter. One Wealth Advisors LLC now owns 4,436 shares of the technology company’s stock valued at $901,000 after acquiring an additional 1,606 shares in the last quarter. Allianz Asset Management GmbH lifted its position in shares of Atlassian by 28.6% in the 2nd quarter. Allianz Asset Management GmbH now owns 102,194 shares of the technology company’s stock worth $20,755,000 after purchasing an additional 22,701 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Atlassian by 3.7% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 258,299 shares of the technology company’s stock valued at $52,458,000 after purchasing an additional 9,274 shares in the last quarter. Machina Capital S.A.S. boosted its stake in shares of Atlassian by 203.0% during the 2nd quarter. Machina Capital S.A.S. now owns 9,376 shares of the technology company’s stock valued at $1,904,000 after purchasing an additional 6,282 shares in the last quarter. Finally, Nicholas Company Inc. increased its position in shares of Atlassian by 10.0% during the second quarter. Nicholas Company Inc. now owns 227,789 shares of the technology company’s stock valued at $46,262,000 after buying an additional 20,635 shares during the period. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Insider Buying and Selling at Atlassian

In related news, Director Scott Farquhar sold 7,665 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $147.41, for a total transaction of $1,129,897.65. Following the completion of the sale, the director owned 222,285 shares of the company’s stock, valued at $32,767,031.85. This trade represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Anutthara Bharadwaj sold 9,847 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $152.46, for a total value of $1,501,273.62. Following the completion of the transaction, the president directly owned 242,092 shares in the company, valued at $36,909,346.32. This trade represents a 3.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders purchased 4,497 shares of company stock worth $742,375 and sold 574,422 shares worth $93,484,396. 36.66% of the stock is owned by company insiders.

Atlassian Trading Down 1.5%

Atlassian stock opened at $146.51 on Thursday. Atlassian Corporation PLC has a 12 month low of $144.32 and a 12 month high of $326.00. The company has a market capitalization of $38.55 billion, a price-to-earnings ratio of -206.35, a price-to-earnings-growth ratio of 35.28 and a beta of 0.95. The business’s fifty day simple moving average is $159.76 and its two-hundred day simple moving average is $182.58. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.72.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $1.40 billion. Atlassian had a negative return on equity of 7.11% and a negative net margin of 3.38%.The company’s revenue was up 20.6% on a year-over-year basis. During the same period last year, the company earned $0.77 earnings per share. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. As a group, equities analysts predict that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on the stock. Truist Financial set a $210.00 price objective on shares of Atlassian in a report on Friday, October 31st. Bank of America initiated coverage on Atlassian in a research note on Tuesday, September 23rd. They issued a “neutral” rating and a $200.00 target price for the company. Zacks Research raised Atlassian from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. The Goldman Sachs Group reiterated a “buy” rating and issued a $260.00 price objective on shares of Atlassian in a report on Friday, October 31st. Finally, Piper Sandler reissued an “overweight” rating and set a $300.00 price objective on shares of Atlassian in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $240.00.

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.