Atlassian Corporation PLC $TEAM Shares Sold by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. lowered its holdings in Atlassian Corporation PLC (NASDAQ:TEAM) by 64.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,744 shares of the technology company’s stock after selling 3,166 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Atlassian were worth $354,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in TEAM. Smithfield Trust Co grew its stake in Atlassian by 90.7% in the 1st quarter. Smithfield Trust Co now owns 164 shares of the technology company’s stock valued at $34,000 after acquiring an additional 78 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Atlassian by 447.2% during 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 in the last quarter. State of Wyoming raised its position in shares of Atlassian by 20.3% during the 1st quarter. State of Wyoming now owns 278 shares of the technology company’s stock worth $59,000 after purchasing an additional 47 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in Atlassian by 40.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 374 shares of the technology company’s stock valued at $76,000 after buying an additional 107 shares during the last quarter. Finally, Banque Transatlantique SA purchased a new position in Atlassian during the first quarter worth $77,000. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Insider Transactions at Atlassian

In other Atlassian news, Director Scott Belsky purchased 1,476 shares of Atlassian stock in a transaction dated Monday, November 3rd. The shares were bought at an average cost of $169.99 per share, for a total transaction of $250,905.24. Following the transaction, the director owned 4,497 shares in the company, valued at $764,445.03. This represents a 48.86% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $158.00, for a total transaction of $1,211,070.00. Following the sale, the chief executive officer directly owned 260,610 shares of the company’s stock, valued at approximately $41,176,380. This represents a 2.86% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders purchased 4,497 shares of company stock valued at $742,375 and sold 536,550 shares valued at $87,979,943. Insiders own 36.66% of the company’s stock.

Atlassian Stock Performance

NASDAQ:TEAM opened at $154.03 on Thursday. Atlassian Corporation PLC has a 1-year low of $144.32 and a 1-year high of $326.00. The stock has a market cap of $40.53 billion, a P/E ratio of -216.50, a PEG ratio of 37.36 and a beta of 0.95. 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 firm has a 50-day moving average of $162.26 and a two-hundred day moving average of $185.23.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings results on Thursday, October 30th. The technology company reported $1.04 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $1.40 billion. During the same quarter in the previous year, the firm posted $0.77 earnings per share. The company’s revenue was up 20.6% compared to the same quarter last year. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. On average, research analysts expect that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TEAM. Truist Financial set a $210.00 target price on Atlassian in a research report on Friday, October 31st. Wall Street Zen raised shares of Atlassian from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Piper Sandler reiterated an “overweight” rating and issued a $300.00 target price on shares of Atlassian in a report on Friday, October 31st. The Goldman Sachs Group restated a “buy” rating and set a $260.00 price target on shares of Atlassian in a research note on Friday, October 31st. Finally, Bank of America started coverage on shares of Atlassian in a research report on Tuesday, September 23rd. They set a “neutral” rating and a $200.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $239.44.

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.