Bessemer Group Inc. Reduces Stock Holdings in Atlassian Corporation PLC $TEAM

Bessemer Group Inc. lowered its stake in Atlassian Corporation PLC (NASDAQ:TEAM) by 15.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 258,788 shares of the technology company’s stock after selling 48,979 shares during the quarter. Bessemer Group Inc. owned about 0.10% of Atlassian worth $52,558,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Smithfield Trust Co lifted its position in Atlassian by 90.7% in the first quarter. Smithfield Trust Co now owns 164 shares of the technology company’s stock valued at $34,000 after buying an additional 78 shares during the last quarter. Geneos Wealth Management Inc. lifted its position 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 last quarter. First Horizon Advisors Inc. lifted its position in Atlassian by 25.9% in the first quarter. First Horizon Advisors Inc. now owns 267 shares of the technology company’s stock valued at $57,000 after buying an additional 55 shares during the last quarter. State of Wyoming lifted its position in Atlassian by 20.3% in the first quarter. State of Wyoming now owns 278 shares of the technology company’s stock valued at $59,000 after buying an additional 47 shares during the last quarter. Finally, Banque Transatlantique SA acquired a new position in Atlassian in the first quarter valued at about $77,000. Institutional investors and hedge funds own 94.45% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on TEAM. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $230.00 target price on shares of Atlassian in a research report on Wednesday, October 22nd. Weiss Ratings reissued a “sell (e+)” rating on shares of Atlassian in a research report on Wednesday, October 8th. Bank of America began coverage on shares of Atlassian in a research report on Tuesday, September 23rd. They set a “neutral” rating and a $200.00 price target on the stock. Wells Fargo & Company began coverage on shares of Atlassian in a research report on Tuesday, September 30th. They set an “overweight” rating and a $216.00 price target on the stock. Finally, Zacks Research cut shares of Atlassian from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $243.58.

Insider Activity at Atlassian

In related news, CEO Michael Cannon-Brookes sold 7,665 shares of the firm’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $164.50, for a total value of $1,260,892.50. Following the sale, the chief executive officer owned 352,590 shares of the company’s stock, valued at $58,001,055. This trade represents a 2.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Scott Farquhar sold 7,665 shares of the firm’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $164.50, for a total transaction of $1,260,892.50. Following the completion of the sale, the director directly owned 352,590 shares in the company, valued at approximately $58,001,055. This trade represents a 2.13% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 551,608 shares of company stock worth $92,116,058. 36.66% of the stock is owned by corporate insiders.

Atlassian Stock Up 1.0%

Shares of NASDAQ:TEAM opened at $164.26 on Tuesday. The firm’s 50 day moving average price is $164.39 and its 200 day moving average price is $188.93. The stock has a market cap of $43.09 billion, a price-to-earnings ratio of -165.92 and a beta of 0.92. Atlassian Corporation PLC has a fifty-two week low of $144.32 and a fifty-two week high of $326.00. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.73.

Atlassian (NASDAQ:TEAM) last issued its earnings results on Thursday, August 7th. The technology company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Atlassian had a negative net margin of 4.92% and a negative return on equity of 14.77%. The firm’s revenue was up 22.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.66 earnings per share. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, equities research analysts predict 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.