Wealth Enhancement Advisory Services LLC Purchases 5,007 Shares of Atlassian Corporation PLC $TEAM

Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 24.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,872 shares of the technology company’s stock after buying an additional 5,007 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Atlassian were worth $3,884,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TEAM. Capco Asset Management LLC bought a new position in shares of Atlassian in the 2nd quarter worth $25,000. Geneos Wealth Management Inc. lifted its stake in Atlassian by 447.2% in the first quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock valued at $42,000 after buying an additional 161 shares during the period. Virtus Advisers LLC bought a new position in Atlassian during the second quarter worth about $61,000. First Horizon Advisors Inc. grew its position in shares of Atlassian by 40.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 374 shares of the technology company’s stock worth $76,000 after buying an additional 107 shares during the period. Finally, Quent Capital LLC bought a new stake in shares of Atlassian in the 3rd quarter valued at about $60,000. Institutional investors and hedge funds own 94.45% of the company’s stock.

Insider Buying and Selling

In other news, President Anutthara Bharadwaj sold 9,847 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $152.46, for a total value of $1,501,273.62. Following the transaction, the president owned 242,092 shares in the company, valued at approximately $36,909,346.32. The trade was a 3.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Scott Farquhar sold 7,665 shares of the company’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $167.61, for a total transaction of $1,284,730.65. Following the completion of the sale, the director directly owned 314,265 shares in the company, valued at approximately $52,673,956.65. This represents a 2.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 551,049 shares of company stock valued at $84,075,059 in the last three months. Insiders own 36.66% of the company’s stock.

Atlassian Trading Up 2.1%

Shares of Atlassian stock opened at $136.71 on Wednesday. Atlassian Corporation PLC has a 1 year low of $115.53 and a 1 year high of $326.00. The business has a fifty day simple moving average of $150.26 and a two-hundred day simple moving average of $162.52. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $35.97 billion, a price-to-earnings ratio of -189.74, a P/E/G ratio of 21.44 and a beta of 0.88.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.21. Atlassian had a negative return on equity of 7.11% and a negative net margin of 3.38%.The business 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 business posted $0.77 earnings per share. The firm’s quarterly revenue was up 20.6% compared to the same quarter last year. Research analysts forecast that Atlassian Corporation PLC will post -0.34 EPS for the current year.

More Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Atlassian renewed a long-term fan-first partnership with Williams F1, preserving high-profile brand exposure that supports customer/enterprise awareness and marketing momentum. Atlassian Williams F1 Team and Kraken renew long-term fan-first partnership
• Positive Sentiment: Sparco joined the Atlassian Williams F1 Team as official racewear and technical apparel supplier — a supplementary marketing/brand partnership. Sparco joins Atlassian Williams F1 Team as Official Racewear and Technical Apparel Supplier
• Neutral Sentiment: Short-interest reports are inconsistent: one report shows a ~25.9% increase in shorted shares in January (≈7.49M shares, ~4.5% of float), while another entry shows zero — data appears unreliable and makes short activity an unclear driver right now.
• Neutral Sentiment: News coverage summarizing today’s move compiles these items and can help investors review context before trading. Why Atlassian (TEAM) Shares Are Falling Today
• Negative Sentiment: Insider selling: Co‑founders/executives (Scott Farquhar and Michael Cannon‑Brookes) reported sales of 7,665 shares each at about $136.93 on Jan. 26, one of multiple sales across January — a ~2.17% reduction in their holdings that markets interpret negatively. Insider Selling: Atlassian Director Sells Shares
• Negative Sentiment: Analyst action: Robert W. Baird lowered its price target (from $230 to $170) while retaining an outperform view — the cut reduces near-term upside expectations and can exert selling pressure. Robert W. Baird Lowers Expectations
• Negative Sentiment: Legal risk: Pomerantz LLP announced an investor investigation into Atlassian, which can increase uncertainty and weigh on the stock until resolved. Pomerantz investor alert

Analyst Ratings Changes

A number of research analysts recently issued reports on TEAM shares. KeyCorp decreased their price objective on shares of Atlassian from $250.00 to $210.00 and set an “overweight” rating for the company in a report on Thursday, October 23rd. Weiss Ratings reissued a “sell (e+)” rating on shares of Atlassian in a research report on Wednesday, January 21st. Citigroup decreased their price target on shares of Atlassian from $240.00 to $210.00 and set a “buy” rating for the company in a report on Friday, January 16th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $230.00 price objective on shares of Atlassian in a research note on Wednesday, October 22nd. Finally, 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. Twenty-one analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Atlassian has an average rating of “Moderate Buy” and an average price target of $231.54.

About Atlassian

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.