Savant Capital LLC Grows Holdings in Atlassian Corporation PLC $TEAM

Savant Capital LLC increased its holdings in Atlassian Corporation PLC (NASDAQ:TEAM) by 43.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,879 shares of the technology company’s stock after acquiring an additional 6,318 shares during the quarter. Savant Capital LLC’s holdings in Atlassian were worth $4,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of TEAM. State of Wyoming increased its stake in shares of Atlassian by 20.3% during the first quarter. State of Wyoming now owns 278 shares of the technology company’s stock valued at $59,000 after purchasing an additional 47 shares in the last quarter. EP Wealth Advisors LLC grew its stake in shares of Atlassian by 2.8% in the 1st quarter. EP Wealth Advisors LLC now owns 2,641 shares of the technology company’s stock worth $561,000 after buying an additional 71 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Atlassian by 11.5% in the 1st quarter. Smartleaf Asset Management LLC now owns 716 shares of the technology company’s stock worth $156,000 after buying an additional 74 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its position in 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 buying an additional 74 shares in the last quarter. Finally, Smithfield Trust Co raised its stake in Atlassian by 90.7% during the first quarter. Smithfield Trust Co now owns 164 shares of the technology company’s stock valued at $34,000 after buying an additional 78 shares during the last quarter. Institutional investors own 94.45% of the company’s stock.

Atlassian Stock Performance

Shares of TEAM stock opened at $157.83 on Monday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.72. The company has a 50 day moving average price of $163.23 and a 200-day moving average price of $186.41. Atlassian Corporation PLC has a 52 week low of $144.32 and a 52 week high of $326.00. The firm has a market capitalization of $41.53 billion, a PE ratio of -222.29, a P/E/G ratio of 37.43 and a beta of 0.95.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings data on Thursday, October 30th. The technology company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.21. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.11%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the prior year, the firm earned $0.77 earnings per share. The firm’s revenue for the quarter was up 20.6% compared to the same quarter last year. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. As a group, equities research analysts expect that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TEAM. Cantor Fitzgerald reissued an “overweight” rating and issued a $240.00 target price on shares of Atlassian in a research note on Friday, October 31st. Zacks Research raised shares of Atlassian from a “strong sell” rating to a “hold” rating in a research report on Monday, November 3rd. Barclays reduced their price objective on shares of Atlassian from $244.00 to $215.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. Stephens dropped their target price on shares of Atlassian from $221.00 to $202.00 and set an “equal weight” rating on the stock in a research note on Monday, August 11th. Finally, Raymond James Financial reduced their price target on shares of Atlassian from $300.00 to $250.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Atlassian has an average rating of “Moderate Buy” and an average target price of $239.44.

Insider Transactions at Atlassian

In related news, President Anutthara Bharadwaj sold 7,728 shares of Atlassian stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $163.43, for a total value of $1,262,987.04. Following the completion of the sale, the president owned 182,801 shares of the company’s stock, valued at $29,875,167.43. The trade was a 4.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the company’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $169.40, for a total value of $1,298,451.00. Following the sale, the chief executive officer owned 183,960 shares of the company’s stock, valued at approximately $31,162,824. This trade represents a 4.00% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have bought 4,497 shares of company stock worth $742,375 and have sold 536,278 shares worth $88,136,466. Company insiders own 36.66% 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.