Profund Advisors LLC Sells 1,415 Shares of Atlassian Corporation PLC $TEAM

Profund Advisors LLC lessened its holdings in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 7.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,795 shares of the technology company’s stock after selling 1,415 shares during the period. Profund Advisors LLC’s holdings in Atlassian were worth $3,817,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Atlassian by 3,105.6% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 140,758 shares of the technology company’s stock worth $28,587,000 after purchasing an additional 136,367 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Atlassian by 9.9% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 155,516 shares of the technology company’s stock worth $31,584,000 after purchasing an additional 13,984 shares in the last quarter. Freemont Management S.A. bought a new stake in Atlassian during the second quarter worth about $21,385,000. Summit Investment Advisors Inc. increased its position in Atlassian by 4.5% during the 1st quarter. Summit Investment Advisors Inc. now owns 5,368 shares of the technology company’s stock valued at $1,139,000 after buying an additional 231 shares in the last quarter. Finally, Fox Run Management L.L.C. raised its stake in Atlassian by 1.5% during the second quarter. Fox Run Management L.L.C. now owns 7,568 shares of the technology company’s stock valued at $1,537,000 after buying an additional 112 shares during the last quarter. 94.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TEAM. Stephens cut their price objective on shares of Atlassian from $221.00 to $202.00 and set an “equal weight” rating on the stock in a research report on Monday, August 11th. KeyCorp lowered their price objective on shares of Atlassian from $250.00 to $210.00 and set an “overweight” rating on the stock in a research report on Thursday, October 23rd. Canaccord Genuity Group reissued a “buy” rating and set a $230.00 price objective on shares of Atlassian in a research report on Wednesday, October 22nd. Citigroup reiterated a “buy” rating on shares of Atlassian in a research report on Wednesday, October 22nd. Finally, Barclays decreased their price objective on Atlassian from $244.00 to $215.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Atlassian currently has an average rating of “Moderate Buy” and an average price target of $239.44.

Insider Transactions at Atlassian

In other Atlassian news, Director Scott Belsky bought 1,476 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was acquired at an average price of $169.99 per share, for a total transaction of $250,905.24. Following the completion of the transaction, the director directly owned 4,497 shares of the company’s stock, valued at approximately $764,445.03. This represents a 48.86% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Scott Farquhar sold 7,665 shares of the business’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $162.66, for a total value of $1,246,788.90. Following the transaction, the director owned 283,605 shares of the company’s stock, valued at approximately $46,131,189.30. The trade was a 2.63% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders bought 4,497 shares of company stock worth $742,375 and sold 536,278 shares worth $88,136,466. Company insiders own 36.66% of the company’s stock.

Atlassian Price Performance

NASDAQ:TEAM opened at $157.83 on Monday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.72. Atlassian Corporation PLC has a 12 month low of $144.32 and a 12 month high of $326.00. The business’s 50-day moving average is $163.23 and its 200 day moving average is $186.41. The company has a market capitalization of $41.53 billion, a P/E ratio of -222.29, a P/E/G ratio of 37.43 and a beta of 0.95.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share (EPS) 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. Atlassian’s revenue was up 20.6% on a year-over-year basis. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. On average, equities research analysts forecast that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

About Atlassian

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.