Hohimer Wealth Management LLC acquired a new position in Atlassian Corporation PLC (NASDAQ:TEAM – Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,130 shares of the technology company’s stock, valued at approximately $1,084,000.
Several other institutional investors have also recently made changes to their positions in TEAM. Activest Wealth Management boosted its stake in shares of Atlassian by 372.4% in the third quarter. Activest Wealth Management now owns 137 shares of the technology company’s stock worth $25,000 after buying an additional 108 shares during the last quarter. Reyes Financial Architecture Inc. acquired a new stake in Atlassian during the third quarter worth about $49,000. Fortitude Family Office LLC grew its holdings in Atlassian by 23.0% during the third quarter. Fortitude Family Office LLC now owns 289 shares of the technology company’s stock worth $52,000 after acquiring an additional 54 shares during the period. Physician Wealth Advisors Inc. raised its position in Atlassian by 142.4% during the third quarter. Physician Wealth Advisors Inc. now owns 337 shares of the technology company’s stock valued at $60,000 after acquiring an additional 198 shares in the last quarter. Finally, Manning & Napier Advisors LLC purchased a new position in Atlassian during the second quarter valued at approximately $27,000. Hedge funds and other institutional investors own 94.45% of the company’s stock.
Atlassian Price Performance
Shares of Atlassian stock opened at $154.90 on Tuesday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.93. Atlassian Corporation PLC has a twelve month low of $56.01 and a twelve month high of $229.96. The business has a 50-day moving average price of $195.34 and a 200 day moving average price of $119.74. The firm has a market cap of $39.21 billion, a PE ratio of 430.29, a P/E/G ratio of 20.25 and a beta of 1.16.
Atlassian (NASDAQ:TEAM – Get Free Report) last released its quarterly earnings results on Thursday, November 5th. The technology company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.26. The company had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Atlassian had a positive return on equity of 20.99% and a negative net margin of 0.82%. Atlassian’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.04 EPS. Sell-side analysts predict that Atlassian Corporation PLC will post 0.66 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of research analysts have issued reports on TEAM shares. Citigroup decreased their price target on Atlassian from $245.00 to $220.00 and set a “buy” rating for the company in a report on Monday. Wells Fargo & Company dropped their price objective on shares of Atlassian from $270.00 to $200.00 and set an “overweight” rating on the stock in a research note on Friday. Guggenheim set a $280.00 target price on shares of Atlassian in a report on Friday. Jefferies Financial Group decreased their target price on shares of Atlassian from $245.00 to $190.00 and set a “buy” rating for the company in a research note on Friday. Finally, Piper Sandler boosted their target price on shares of Atlassian from $175.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday. Twenty-four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $209.48.
Check Out Our Latest Report on TEAM
Insider Activity
In other news, CFO James Chuong sold 9,054 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $172.45, for a total transaction of $1,561,362.30. Following the transaction, the chief financial officer owned 279,218 shares in the company, valued at $48,151,144.10. This trade represents a 3.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Gene Liu sold 337 shares of the stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $210.00, for a total value of $70,770.00. Following the transaction, the chief accounting officer owned 55,531 shares in the company, valued at $11,661,510. This trade represents a 0.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 22,475 shares of company stock worth $3,822,643 over the last three months. 37.63% of the stock is currently owned by corporate insiders.
Atlassian News Roundup
Here are the key news stories impacting Atlassian this week:
- Positive Sentiment: Atlassian beat fiscal Q1 2027 estimates for revenue, earnings and cloud growth. Citigroup and Barclays still rate the stock Buy and Overweight, respectively, despite lowering their targets to $220 and $210—both above the cited $154.90 share price. Atlassian Tanks After Huge Run as Guidance Disappoints, But Strength Remains
- Positive Sentiment: Truist reiterated its Buy rating, and another analyst raised its price target to $190, offering some counterweight to the broader set of target cuts. Truist Buy Rating Reiterated Price Target Raised to $190
- Neutral Sentiment: Technical commentary describes the stock as oversold, with a possible bounce facing heavy overhead supply—suggesting any recovery could encounter resistance. Oversold Bounce Test Meets Heavy Overhead Supply
- Negative Sentiment: Despite the earnings beat, management’s guidance implied slowing growth, triggering a sharp post-results selloff. Several analysts also reduced price targets, reflecting increased caution about the growth outlook. Guidance Disappointment and Analyst Revisions
Atlassian Profile
Atlassian Corporation develops collaboration and productivity software for software, IT and business teams. Its products help organizations plan and track work, manage software development and support services, and share information across teams.
Its product portfolio includes Jira for project and issue tracking, Confluence for team documentation and collaboration, Jira Service Management for IT and other service teams, Trello for visual work management, and Bitbucket for code collaboration.
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