Evolve Private Wealth LLC Sells 11,085 Shares of Atlassian Corporation PLC $TEAM

Posted by Stanley Muller on Jun 28th, 2026

Evolve Private Wealth LLC cut its holdings in shares of Atlassian Corporation PLC (NASDAQ:TEAM – Free Report) by 72.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 4,156 shares of the technology company’s stock after selling 11,085 shares during the quarter. Evolve Private Wealth LLC’s holdings in Atlassian were worth $284,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in TEAM. MV Capital Management Inc. purchased a new stake in Atlassian in the 4th quarter worth approximately $25,000. Board of the Pension Protection Fund bought a new position in shares of Atlassian in the fourth quarter worth approximately $32,000. Basepoint Wealth LLC purchased a new stake in Atlassian in the fourth quarter valued at approximately $32,000. Garton & Associates Financial Advisors LLC purchased a new position in Atlassian in the 4th quarter worth approximately $32,000. Finally, Bogart Wealth LLC increased its holdings in shares of Atlassian by 76.4% in the 4th quarter. Bogart Wealth LLC now owns 217 shares of the technology company’s stock worth $35,000 after buying an additional 94 shares during the last quarter. 94.45% of the stock is owned by institutional investors.

Insider Activity at Atlassian

In other Atlassian news, CRO Brian Duffy sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $89.71, for a total transaction of $269,130.00. Following the completion of the sale, the executive directly owned 227,691 shares of the company’s stock, valued at approximately $20,426,159.61. This represents a 1.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO James Chuong sold 8,838 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $87.75, for a total transaction of $775,534.50. Following the completion of the transaction, the chief financial officer owned 288,272 shares in the company, valued at $25,295,868. The trade was a 2.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 20,041 shares of company stock worth $1,801,069 in the last quarter. Company insiders own 36.66% of the company’s stock.

Atlassian Trading Up 5.4%

Atlassian stock opened at $78.74 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.70 and a quick ratio of 0.70. Atlassian Corporation PLC has a one year low of $56.01 and a one year high of $222.59. The stock has a market capitalization of $19.98 billion, a PE ratio of -94.87, a price-to-earnings-growth ratio of 4.46 and a beta of 1.07. The business’s fifty day moving average is $85.24 and its 200 day moving average is $99.72.

Atlassian (NASDAQ:TEAM – Get Free Report) last announced its earnings results on Thursday, April 30th. The technology company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.42. Atlassian had a negative net margin of 3.50% and a positive return on equity of 6.22%. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same period in the previous year, the business earned $0.97 EPS. The company’s quarterly revenue was up 31.7% compared to the same quarter last year. On average, sell-side analysts predict that Atlassian Corporation PLC will post 0.81 EPS for the current year.

Analyst Ratings Changes

TEAM has been the subject of a number of recent research reports. Raymond James Financial set a $130.00 target price on Atlassian in a research note on Friday, May 1st. UBS Group reduced their price target on Atlassian from $105.00 to $95.00 and set a “neutral” rating on the stock in a research report on Friday, May 1st. Truist Financial lifted their price target on Atlassian from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Weiss Ratings reiterated a “sell (e+)” rating on shares of Atlassian in a research report on Monday, April 20th. Finally, Canaccord Genuity Group dropped their price objective on Atlassian from $185.00 to $150.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.26.

View Our Latest Stock Report on TEAM

About Atlassian

(Free Report)

Atlassian Corporation Plc is a software company headquartered in Sydney, Australia, best known for developing collaboration, project management and software development tools. Founded in 2002 by Mike Cannon-Brookes and Scott Farquhar, Atlassian grew from a small engineering-focused team into a publicly traded company after its initial public offering in 2015. The company serves a global customer base that spans small teams to large enterprises across technology, financial services, government and other sectors.

Atlassian’s product portfolio centers on tools designed to help teams plan, build and support software and business processes.