Vise Technologies Inc. Takes Position in Atlassian Corporation PLC $TEAM

Vise Technologies Inc. bought a new stake in Atlassian Corporation PLC (NASDAQ:TEAM) in the second quarter, HoldingsChannel.com reports. The fund bought 3,301 shares of the technology company’s stock, valued at approximately $670,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Smithfield Trust Co grew its position in shares of Atlassian by 90.7% during the first quarter. Smithfield Trust Co now owns 164 shares of the technology company’s stock worth $34,000 after acquiring an additional 78 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Atlassian by 447.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock valued at $42,000 after purchasing an additional 161 shares during the period. State of Wyoming grew its position in Atlassian by 20.3% in 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 position in Atlassian by 40.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 374 shares of the technology company’s stock worth $76,000 after purchasing an additional 107 shares during the last quarter. Finally, Banque Transatlantique SA acquired a new stake in shares of Atlassian in the first quarter valued at approximately $77,000. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Scott Farquhar sold 7,665 shares of the company’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $158.00, for a total transaction of $1,211,070.00. Following the completion of the sale, the director owned 260,610 shares in the company, valued at approximately $41,176,380. This represents a 2.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Scott Belsky bought 1,476 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were bought at an average cost of $169.99 per share, with a total value of $250,905.24. Following the transaction, the director directly owned 4,497 shares of the company’s stock, valued at approximately $764,445.03. This trade represents a 48.86% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders acquired 4,497 shares of company stock worth $742,375 and sold 536,550 shares worth $87,979,943. 36.66% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Bank of America started coverage on Atlassian in a research report on Tuesday, September 23rd. They issued a “neutral” rating and a $200.00 target price on the stock. Zacks Research upgraded shares of Atlassian from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. Barclays decreased their target price on shares of Atlassian from $244.00 to $215.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Guggenheim initiated coverage on shares of Atlassian in a research note on Thursday, September 11th. They set a “buy” rating and a $225.00 target price on the stock. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $230.00 price target on shares of Atlassian in a research note on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $239.44.

Atlassian Price Performance

TEAM opened at $152.05 on Friday. The firm has a market capitalization of $40.01 billion, a P/E ratio of -214.15, a PEG ratio of 36.88 and a beta of 0.95. The stock has a fifty day moving average of $161.93 and a 200-day moving average of $185.00. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.72. Atlassian Corporation PLC has a 12-month low of $144.32 and a 12-month high of $326.00.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings data on Thursday, October 30th. The technology company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.21. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.11%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the firm posted $0.77 earnings per share. The firm’s revenue was up 20.6% on a year-over-year basis. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Equities analysts forecast that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

About Atlassian

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.