Scott Belsky Acquires 1,566 Shares of Atlassian (NASDAQ:TEAM) Stock

Atlassian Corporation PLC (NASDAQ:TEAM) Director Scott Belsky acquired 1,566 shares of Atlassian stock in a transaction that occurred on Wednesday, October 1st. The shares were bought at an average price of $153.10 per share, for a total transaction of $239,754.60. Following the transaction, the director owned 3,021 shares of the company’s stock, valued at $462,515.10. This represents a 107.63% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Scott Belsky also recently made the following trade(s):

• On Thursday, August 28th, Scott Belsky bought 1,455 shares of Atlassian stock. The stock was bought at an average price of $173.00 per share, with a total value of $251,715.00.

Atlassian Stock Down 0.4%

Shares of TEAM opened at $150.49 on Friday. Atlassian Corporation PLC has a 52-week low of $147.40 and a 52-week high of $326.00. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.73. The stock has a fifty day simple moving average of $171.67 and a two-hundred day simple moving average of $195.63. The company has a market capitalization of $39.48 billion, a PE ratio of -152.01 and a beta of 0.92.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings data on Thursday, August 7th. The technology company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Atlassian had a negative net margin of 4.92% and a negative return on equity of 14.77%. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the firm posted $0.66 earnings per share. Atlassian’s quarterly revenue was up 22.3% on a year-over-year basis. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, equities analysts forecast that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TEAM. Canaccord Genuity Group lowered their price objective on Atlassian from $255.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, August 8th. Capital One Financial cut Atlassian from an “overweight” rating to an “equal weight” rating and set a $211.00 price target for the company. in a report on Wednesday, July 16th. KeyCorp reduced their price objective on shares of Atlassian from $275.00 to $250.00 and set an “overweight” rating on the stock in a report on Thursday, July 17th. Guggenheim began coverage on shares of Atlassian in a research report on Thursday, September 11th. They issued a “buy” rating and a $225.00 target price on the stock. Finally, Zacks Research upgraded shares of Atlassian from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $248.74.

Institutional Investors Weigh In On Atlassian

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC grew its stake in shares of Atlassian by 62.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,567 shares of the technology company’s stock valued at $3,059,000 after purchasing an additional 4,837 shares during the period. Versant Capital Management Inc lifted its position in Atlassian by 77.9% during the first quarter. Versant Capital Management Inc now owns 386 shares of the technology company’s stock valued at $82,000 after purchasing an additional 169 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Atlassian by 41,683.4% during the 1st quarter. GAMMA Investing LLC now owns 121,172 shares of the technology company’s stock valued at $25,714,000 after acquiring an additional 120,882 shares during the period. Harbor Investment Advisory LLC boosted its position in shares of Atlassian by 18.1% in the first quarter. Harbor Investment Advisory LLC now owns 1,402 shares of the technology company’s stock worth $298,000 after purchasing an additional 215 shares during the period. Finally, Merit Financial Group LLC increased its stake in shares of Atlassian by 224.5% in the first quarter. Merit Financial Group LLC now owns 9,679 shares of the technology company’s stock worth $2,054,000 after purchasing an additional 6,696 shares in the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Atlassian Company 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.