NewEdge Advisors LLC Has $306,000 Position in Atlassian Corporation PLC $TEAM

Posted by Brenda Bartman on Aug 25th, 2026

NewEdge Advisors LLC cut its stake in Atlassian Corporation PLC (NASDAQ:TEAM – Free Report) by 49.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,487 shares of the technology company’s stock after selling 4,330 shares during the quarter. NewEdge Advisors LLC’s holdings in Atlassian were worth $306,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Western Wealth Management LLC acquired a new position in Atlassian in the 1st quarter valued at about $30,000. Ariadne Wealth Management LP acquired a new stake in Atlassian during the first quarter worth approximately $202,000. Oddo BHF Asset Management Sas lifted its position in Atlassian by 171.3% during the first quarter. Oddo BHF Asset Management Sas now owns 289,808 shares of the technology company’s stock worth $19,779,000 after acquiring an additional 182,973 shares during the last quarter. Bull Harbor Capital LLC bought a new stake in shares of Atlassian during the first quarter worth approximately $614,000. Finally, Quantinno Capital Management LP boosted its holdings in shares of Atlassian by 947.7% during the first quarter. Quantinno Capital Management LP now owns 283,427 shares of the technology company’s stock worth $19,344,000 after acquiring an additional 256,374 shares during the period. Institutional investors and hedge funds own 94.45% of the company’s stock.

Atlassian Price Performance

Shares of NASDAQ:TEAM opened at $171.33 on Tuesday. The firm has a 50 day moving average of $107.44 and a 200-day moving average of $89.78. Atlassian Corporation PLC has a 12 month low of $56.01 and a 12 month high of $184.00. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $43.48 billion, a PE ratio of -901.74, a PEG ratio of 13.50 and a beta of 1.05.

Atlassian (NASDAQ:TEAM – Get Free Report) last announced its quarterly earnings data on Friday, August 7th. The technology company reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.37. Atlassian had a negative net margin of 0.82% and a positive return on equity of 20.99%. The business had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same period last year, the firm posted $0.98 earnings per share. The firm’s quarterly revenue was up 27.6% compared to the same quarter last year. On average, equities research analysts predict that Atlassian Corporation PLC will post 0.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. BTIG Research increased their target price on Atlassian from $130.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Zacks Research downgraded Atlassian from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Citigroup boosted their price target on Atlassian from $110.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Raymond James Financial set a $180.00 price objective on Atlassian in a report on Friday, August 7th. Finally, Truist Financial increased their price objective on Atlassian from $160.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday. Twenty-four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Atlassian presently has an average rating of “Moderate Buy” and an average price target of $177.23.

Check Out Our Latest Research Report on TEAM

Insider Buying and Selling at Atlassian

In other news, CFO James Chuong sold 9,054 shares of Atlassian stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $172.45, for a total value of $1,561,362.30. Following the transaction, the chief financial officer owned 279,218 shares in the company, valued at approximately $48,151,144.10. This trade represents a 3.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Gene Liu sold 1,125 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $175.00, for a total value of $196,875.00. Following the transaction, the chief accounting officer directly owned 56,807 shares of the company’s stock, valued at $9,941,225. This trade represents a 1.94% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 30,349 shares of company stock valued at $4,418,849. 36.66% of the stock is currently owned by corporate insiders.

About Atlassian

(Free Report)

Atlassian Corporation Plc is a software company headquartered in Sydney, Australia, best known for developing collaboration, project management and software development tools. Founded in 2002 by Mike Cannon-Brookes and Scott Farquhar, Atlassian grew from a small engineering-focused team into a publicly traded company after its initial public offering in 2015. The company serves a global customer base that spans small teams to large enterprises across technology, financial services, government and other sectors.

Atlassian’s product portfolio centers on tools designed to help teams plan, build and support software and business processes.