Bailard Inc. Trims Holdings in Atlassian Corporation PLC $TEAM

Bailard Inc. lowered its holdings in Atlassian Corporation PLC (NASDAQ:TEAM) by 19.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 16,818 shares of the technology company’s stock after selling 4,048 shares during the period. Bailard Inc.’s holdings in Atlassian were worth $3,416,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TEAM. One Wealth Advisors LLC lifted its position in shares of Atlassian by 56.7% in the 2nd quarter. One Wealth Advisors LLC now owns 4,436 shares of the technology company’s stock worth $901,000 after purchasing an additional 1,606 shares during the period. Allianz Asset Management GmbH raised its stake in Atlassian by 28.6% in the second quarter. Allianz Asset Management GmbH now owns 102,194 shares of the technology company’s stock worth $20,755,000 after buying an additional 22,701 shares in the last quarter. Machina Capital S.A.S. lifted its holdings in Atlassian by 203.0% in the second quarter. Machina Capital S.A.S. now owns 9,376 shares of the technology company’s stock worth $1,904,000 after buying an additional 6,282 shares during the period. Nicholas Company Inc. boosted its position in Atlassian by 10.0% during the 2nd 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 in the last quarter. Finally, Versor Investments LP grew its holdings in shares of Atlassian by 121.7% during the 2nd 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 during the period. 94.45% of the stock is currently owned by institutional investors.

Atlassian Stock Down 1.3%

NASDAQ:TEAM opened at $155.50 on Thursday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $40.91 billion, a P/E ratio of -219.01, a P/E/G ratio of 37.36 and a beta of 0.95. Atlassian Corporation PLC has a fifty-two week low of $144.32 and a fifty-two week high of $326.00. The firm has a 50-day simple moving average of $162.26 and a two-hundred day simple moving average of $185.23.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings results on Thursday, October 30th. The technology company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.21. The firm had revenue of $1.43 billion for 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%. During the same quarter in the prior year, the company posted $0.77 earnings per share. The business’s revenue for the quarter was up 20.6% on a year-over-year basis. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Analysts predict that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $158.00, for a total value of $1,211,070.00. Following the completion of the sale, the director directly owned 260,610 shares in the company, valued at approximately $41,176,380. This trade represents a 2.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Scott Belsky bought 1,476 shares of the stock in a transaction on Monday, November 3rd. The shares were bought at an average price of $169.99 per share, for a total transaction of $250,905.24. Following the purchase, the director directly owned 4,497 shares in the company, valued at approximately $764,445.03. This trade represents a 48.86% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders acquired 4,497 shares of company stock valued at $742,375 and sold 536,550 shares valued at $87,979,943. Corporate insiders own 36.66% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Cantor Fitzgerald restated an “overweight” rating and set a $240.00 price target on shares of Atlassian in a research report on Friday, October 31st. Macquarie dropped their target price on shares of Atlassian from $250.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. Wells Fargo & Company started coverage on shares of Atlassian in a research report on Tuesday, September 30th. They issued an “overweight” rating and a $216.00 target price on the stock. BMO Capital Markets lifted their price target on shares of Atlassian from $190.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $260.00 price objective on shares of Atlassian in a research note 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 issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Atlassian currently has a consensus rating of “Moderate Buy” and an average price target of $239.44.

Atlassian Company 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.