SYM FINANCIAL Corp Sells 92 Shares of Atlassian Corporation PLC $TEAM

SYM FINANCIAL Corp lessened its holdings in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 6.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,291 shares of the technology company’s stock after selling 92 shares during the quarter. SYM FINANCIAL Corp’s holdings in Atlassian were worth $262,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. State of Wyoming lifted 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 valued at $59,000 after purchasing an additional 47 shares during the last quarter. First Horizon Advisors Inc. lifted 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 valued at $57,000 after purchasing an additional 55 shares during the last quarter. EP Wealth Advisors LLC lifted its holdings in shares of Atlassian by 2.8% during the 1st quarter. EP Wealth Advisors LLC now owns 2,641 shares of the technology company’s stock valued at $561,000 after purchasing an additional 71 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Atlassian by 11.5% during the 1st quarter. Smartleaf Asset Management LLC now owns 716 shares of the technology company’s stock valued at $156,000 after purchasing an additional 74 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC lifted its holdings in shares of Atlassian by 5.5% during the 1st quarter. Ashton Thomas Private Wealth LLC now owns 1,412 shares of the technology company’s stock valued at $300,000 after purchasing an additional 74 shares during the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Insider Activity

In other news, CEO Michael Cannon-Brookes sold 7,665 shares of the firm’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $164.50, for a total transaction of $1,260,892.50. Following the sale, the chief executive officer directly owned 352,590 shares in the company, valued at $58,001,055. This trade represents a 2.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Scott Farquhar sold 7,665 shares of the firm’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $164.50, for a total value of $1,260,892.50. Following the sale, the director owned 352,590 shares in the company, valued at $58,001,055. This trade represents a 2.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 551,608 shares of company stock worth $92,116,058 over the last ninety days. 36.66% of the stock is owned by insiders.

Atlassian Price Performance

Shares of TEAM opened at $164.26 on Tuesday. The business’s 50-day moving average is $164.39 and its two-hundred day moving average is $188.93. The company has a market capitalization of $43.09 billion, a P/E ratio of -165.92 and a beta of 0.92. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.22 and a current ratio of 1.22. Atlassian Corporation PLC has a fifty-two week low of $144.32 and a fifty-two week high of $326.00.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings results on Thursday, August 7th. The technology company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.15. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.36 billion. Atlassian had a negative return on equity of 14.77% and a negative net margin of 4.92%.The firm’s revenue for the quarter was up 22.3% compared to the same quarter last year. During the same period last year, the firm earned $0.66 EPS. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Research analysts predict that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on TEAM. Wall Street Zen upgraded Atlassian from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Bank of America began 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. Weiss Ratings restated a “sell (e+)” rating on shares of Atlassian in a research note on Wednesday, October 8th. BMO Capital Markets reduced their target price on Atlassian from $200.00 to $190.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Capital One Financial lowered Atlassian from an “overweight” rating to an “equal weight” rating and set a $211.00 target price for the company. in a research note on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $243.58.

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.