Atlassian Corporation PLC $TEAM Holdings Lifted by KBC Group NV

KBC Group NV increased its holdings in Atlassian Corporation PLC (NASDAQ:TEAM) by 42.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 598,789 shares of the technology company’s stock after acquiring an additional 177,585 shares during the period. KBC Group NV owned about 0.23% of Atlassian worth $121,608,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. One Wealth Advisors LLC lifted its holdings in shares of Atlassian by 56.7% during the 2nd quarter. One Wealth Advisors LLC now owns 4,436 shares of the technology company’s stock valued at $901,000 after buying an additional 1,606 shares during the last quarter. Allianz Asset Management GmbH raised its position in Atlassian by 28.6% during the second quarter. Allianz Asset Management GmbH now owns 102,194 shares of the technology company’s stock valued at $20,755,000 after acquiring an additional 22,701 shares in the last quarter. Machina Capital S.A.S. raised its position in Atlassian by 203.0% during the second quarter. Machina Capital S.A.S. now owns 9,376 shares of the technology company’s stock valued at $1,904,000 after acquiring an additional 6,282 shares in the last quarter. Nicholas Company Inc. lifted its stake in Atlassian by 10.0% in the second quarter. Nicholas Company Inc. now owns 227,789 shares of the technology company’s stock valued at $46,262,000 after acquiring an additional 20,635 shares during the last quarter. Finally, Versor Investments LP grew its position in Atlassian by 121.7% in the second quarter. Versor Investments LP now owns 3,004 shares of the technology company’s stock worth $610,000 after acquiring an additional 1,649 shares in the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Michael Cannon-Brookes sold 7,665 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $158.00, for a total transaction of $1,211,070.00. Following the completion of the transaction, the chief executive officer owned 268,275 shares in the company, valued at approximately $42,387,450. The trade was a 2.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Scott Belsky acquired 1,476 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was acquired at an average price of $169.99 per share, with a total value of $250,905.24. Following the completion of the transaction, the director directly owned 4,497 shares in the company, valued at $764,445.03. This trade represents a 48.86% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders purchased 4,497 shares of company stock valued at $742,375 and sold 566,938 shares valued at $92,943,648. 36.66% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on TEAM. Barclays decreased their price objective on shares of Atlassian from $244.00 to $215.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Mizuho lifted their price objective on Atlassian from $235.00 to $245.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. The Goldman Sachs Group restated a “buy” rating and set a $260.00 target price on shares of Atlassian in a research note on Friday, October 31st. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $230.00 price target on shares of Atlassian in a research report on Wednesday, October 22nd. Finally, Sanford C. Bernstein cut their price target on Atlassian from $296.00 to $290.00 and set an “outperform” rating for the company in a report on Friday, October 31st. 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $239.44.

Atlassian Stock Performance

NASDAQ TEAM opened at $157.54 on Wednesday. The firm has a market cap of $41.45 billion, a price-to-earnings ratio of -221.88, a PEG ratio of 37.74 and a beta of 0.95. Atlassian Corporation PLC has a 1-year low of $144.32 and a 1-year high of $326.00. The company has a 50 day moving average of $162.56 and a 200-day moving average of $185.44. 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 (NASDAQ:TEAM) last posted its quarterly earnings data on Thursday, October 30th. The technology company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.21. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.11%. Atlassian’s revenue was up 20.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.77 EPS. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. On average, equities analysts forecast that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Atlassian 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.