Vanguard Group Inc. Buys 1,049,483 Shares of Atlassian Corporation PLC $TEAM

Vanguard Group Inc. grew its stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 6.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,479,561 shares of the technology company’s stock after purchasing an additional 1,049,483 shares during the quarter. Vanguard Group Inc. owned approximately 7.04% of Atlassian worth $2,951,186,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capco Asset Management LLC bought a new position in shares of Atlassian during the second quarter valued at about $25,000. Physician Wealth Advisors Inc. raised its position in Atlassian by 60.4% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock valued at $26,000 after purchasing an additional 61 shares during the last quarter. Atlantic Union Bankshares Corp raised its position in Atlassian by 19,900.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company’s stock valued at $32,000 after purchasing an additional 199 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Atlassian by 447.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock worth $42,000 after buying an additional 161 shares during the period. Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Atlassian during the third quarter valued at approximately $57,000. 94.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Michael Cannon-Brookes sold 7,665 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $94.81, for a total transaction of $726,718.65. Following the completion of the sale, the chief executive officer owned 275,940 shares of the company’s stock, valued at $26,161,871.40. This trade represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Scott Farquhar sold 7,665 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $94.81, for a total value of $726,718.65. Following the completion of the transaction, the director directly owned 275,940 shares in the company, valued at $26,161,871.40. This trade represents a 2.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 475,758 shares of company stock worth $68,994,874. Corporate insiders own 36.66% of the company’s stock.

Key Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Atlassian named LinkedIn veteran James Chuong as its new chief financial officer, effective March 30 — a leadership move that can stabilize investor confidence and support financial strategy execution. Article Title Article Title
• Positive Sentiment: Analysts/commentators are calling TEAM “highly oversold,” prompting buy-the-dip interest from traders and value-oriented investors looking to add exposure around current levels. Article Title
• Neutral Sentiment: Coverage is reframing Atlassian after a recent “fair value reset,” which is shifting investor narratives from growth multiple expansion to selective re-valuation — this can increase volatility as market participants re-price expectations. Article Title
• Neutral Sentiment: Discussion that Atlassian’s AI transition is pressuring near-term sentiment but could support a longer-term thesis — mixed implications for trading vs. long-term holders. Article Title
• Neutral Sentiment: Broader software/AI weakness (illustrated by Palo Alto Networks’ stock reaction and cautious guidance) is keeping a lid on software multiples and could pressure peer stocks including TEAM. Article Title
• Neutral Sentiment: Other items in the newsfeed — token PR (Atlassian Williams F1 tickets) and ambiguous short-interest reporting — are unlikely to move fundamentals materially. Article Title
• Negative Sentiment: Pomerantz LLP launched an investor investigation into Atlassian, which introduces legal/ reputational risk and can increase downside pressure or volatility if it develops into formal litigation. Article Title

Atlassian Trading Up 1.8%

Atlassian stock opened at $83.61 on Thursday. Atlassian Corporation PLC has a 12 month low of $80.40 and a 12 month high of $315.03. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.62. The business’s fifty day simple moving average is $133.10 and its two-hundred day simple moving average is $151.98. The company has a market capitalization of $22.05 billion, a price-to-earnings ratio of -116.12, a price-to-earnings-growth ratio of 68.57 and a beta of 0.88.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings results on Thursday, February 5th. The technology company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.10. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.54 billion. Atlassian had a negative return on equity of 6.33% and a negative net margin of 3.29%.Atlassian’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.96 EPS. As a group, equities analysts predict that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on TEAM shares. TD Cowen dropped their price target on Atlassian from $205.00 to $175.00 and set a “hold” rating for the company in a research note on Tuesday, January 20th. UBS Group reaffirmed a “neutral” rating and issued a $105.00 target price on shares of Atlassian in a research report on Friday, February 6th. Jefferies Financial Group set a $150.00 price target on shares of Atlassian in a research report on Friday, February 6th. Oppenheimer decreased their price target on shares of Atlassian from $275.00 to $150.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. Finally, Guggenheim cut their price objective on Atlassian from $225.00 to $190.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Twenty investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Atlassian presently has a consensus rating of “Moderate Buy” and a consensus target price of $189.32.

Atlassian Profile

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.