FNY Investment Advisers LLC Grows Stock Position in Atlassian Corporation PLC $TEAM

FNY Investment Advisers LLC increased its stake in Atlassian Corporation PLC (NASDAQ:TEAM) by 1,503.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,420 shares of the technology company’s stock after buying an additional 9,770 shares during the quarter. FNY Investment Advisers LLC’s holdings in Atlassian were worth $810,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. NewEdge Advisors LLC lifted its holdings in shares of Atlassian by 71.6% in the 1st quarter. NewEdge Advisors LLC now owns 5,432 shares of the technology company’s stock worth $1,153,000 after acquiring an additional 2,267 shares during the last quarter. Empowered Funds LLC grew its holdings in Atlassian by 39.5% during the 1st quarter. Empowered Funds LLC now owns 4,689 shares of the technology company’s stock valued at $995,000 after purchasing an additional 1,328 shares during the last quarter. Focus Partners Wealth grew its holdings in Atlassian by 32.6% during the 1st quarter. Focus Partners Wealth now owns 4,122 shares of the technology company’s stock valued at $875,000 after purchasing an additional 1,014 shares during the last quarter. Geneos Wealth Management Inc. raised its position 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 purchasing an additional 161 shares during the period. Finally, Sivia Capital Partners LLC raised its position in Atlassian by 27.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,873 shares of the technology company’s stock worth $380,000 after purchasing an additional 404 shares during the period. 94.45% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Quarterly results exceeded expectations. Atlassian reported adjusted earnings of $1.87 per share, above the $1.50 analyst consensus, while revenue rose 27.6% year over year to $1.77 billion, surpassing estimates of $1.66 billion. Earnings also increased from $0.98 per share a year earlier. Atlassian Announces Fourth Quarter and Fiscal Year 2026 Results
• Positive Sentiment: Cloud and data-center demand remained strong. Cloud revenue increased 31% to $1.21 billion, and Data Center revenue reached $461.9 million, exceeding the $414.6 million estimate. Management cited continued demand for enterprise software, automation, and machine-learning tools such as Jira Service Management and Rovo. Atlassian beats quarterly estimates on strong cloud demand
• Positive Sentiment: Near-term guidance was better than expected. First-quarter fiscal 2027 revenue guidance was approximately $1.71 billion at the midpoint, about 2.8% above analyst expectations. The company also reported record numbers of large annual-contract-value deals, suggesting healthy enterprise momentum. Atlassian Beats Expectations in Strong Q2 CY2026
• Neutral Sentiment: Full-year fiscal 2027 revenue guidance of roughly $7.4 billion was broadly in line with consensus. This supports continued growth but does not represent a major upward revision to expectations. Atlassian beats quarterly estimates on strong cloud demand
• Negative Sentiment: Profit-taking is likely weighing on the stock. TEAM jumped more than 30% in extended trading after the report, so some investors may be locking in gains during regular trading. Atlassian also continues to report a negative net margin, underscoring that strong growth has not yet translated into consistent GAAP profitability.

Insider Buying and Selling at Atlassian

In other news, CRO Brian Duffy sold 3,000 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $89.71, for a total transaction of $269,130.00. Following the transaction, the executive owned 227,691 shares of the company’s stock, valued at approximately $20,426,159.61. This represents a 1.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO James Chuong sold 8,838 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $87.75, for a total value of $775,534.50. Following the transaction, the chief financial officer owned 288,272 shares in the company, valued at approximately $25,295,868. This represents a 2.97% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 20,041 shares of company stock valued at $1,801,069 over the last quarter. Company insiders own 36.66% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on TEAM. Oppenheimer raised their price target on Atlassian from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. Raymond James Financial reaffirmed an “outperform” rating on shares of Atlassian in a research report on Tuesday, July 21st. BTIG Research reiterated a “buy” rating and set a $130.00 target price on shares of Atlassian in a research report on Friday, July 10th. BMO Capital Markets decreased their target price on Atlassian from $105.00 to $95.00 and set an “outperform” rating for the company in a research report on Thursday, June 25th. Finally, Barclays boosted their target price on shares of Atlassian from $106.00 to $112.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Twenty-one research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $139.23.

Atlassian Stock Performance

Atlassian stock opened at $110.17 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.70 and a current ratio of 0.70. The company has a market capitalization of $27.96 billion, a PE ratio of -132.73, a P/E/G ratio of 8.14 and a beta of 1.05. The company has a 50 day moving average price of $92.18 and a 200-day moving average price of $86.48. Atlassian Corporation PLC has a fifty-two week low of $56.01 and a fifty-two week high of $189.69.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings data on Thursday, August 6th. The technology company reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.37. The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Atlassian had a positive return on equity of 6.22% and a negative net margin of 3.50%.Atlassian’s revenue was up 27.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.98 earnings per share. As a group, equities analysts forecast that Atlassian Corporation PLC will post 0.81 earnings per share for the current year.

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.