Atlassian Corporation PLC $TEAM Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. cut its holdings in Atlassian Corporation PLC (NASDAQ:TEAM) by 10.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 31,311 shares of the technology company’s stock after selling 3,479 shares during the period. Atlassian accounts for about 0.9% of Stanley Laman Group Ltd.’s holdings, making the stock its 18th biggest position. Stanley Laman Group Ltd.’s holdings in Atlassian were worth $6,359,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Smithfield Trust Co increased its holdings in shares of Atlassian by 90.7% during the 1st quarter. Smithfield Trust Co now owns 164 shares of the technology company’s stock worth $34,000 after buying an additional 78 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Atlassian by 447.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock worth $42,000 after buying an additional 161 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in shares of Atlassian by 25.9% during the 1st quarter. First Horizon Advisors Inc. now owns 267 shares of the technology company’s stock worth $57,000 after buying an additional 55 shares during the last quarter. State of Wyoming increased its holdings in shares of Atlassian by 20.3% during the 1st quarter. State of Wyoming now owns 278 shares of the technology company’s stock worth $59,000 after buying an additional 47 shares during the last quarter. Finally, Banque Transatlantique SA acquired a new stake in shares of Atlassian during the 1st quarter worth $77,000. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Atlassian

In other news, CEO Michael Cannon-Brookes sold 7,665 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $184.43, for a total transaction of $1,413,655.95. Following the transaction, the chief executive officer owned 314,265 shares of the company’s stock, valued at approximately $57,959,893.95. This trade represents a 2.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Scott Farquhar sold 7,665 shares of the firm’s stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $197.88, for a total transaction of $1,516,750.20. Following the completion of the transaction, the director directly owned 329,595 shares in the company, valued at $65,220,258.60. This represents a 2.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 551,608 shares of company stock valued at $94,572,077 in the last ninety days. Insiders own 38.55% of the company’s stock.

Atlassian Stock Up 1.2%

Shares of Atlassian stock opened at $151.95 on Friday. The company has a fifty day moving average price of $164.28 and a 200 day moving average price of $190.44. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.73. Atlassian Corporation PLC has a twelve month low of $144.32 and a twelve month high of $326.00. The stock has a market cap of $39.86 billion, a price-to-earnings ratio of -153.48 and a beta of 0.92.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. KeyCorp dropped their price objective on Atlassian from $275.00 to $250.00 and set an “overweight” rating for the company in a report on Thursday, July 17th. Truist Financial set a $230.00 price objective on Atlassian in a report on Friday, August 8th. Zacks Research downgraded Atlassian from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 7th. Citigroup decreased their price target on shares of Atlassian from $300.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, August 18th. Finally, UBS Group reaffirmed a “hold” rating on shares of Atlassian in a research report on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Atlassian has a consensus rating of “Moderate Buy” and a consensus price target of $248.74.

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.