Dynamic Technology Lab Private Ltd Has $2.35 Million Stock Holdings in Atlassian Corporation PLC $TEAM

Dynamic Technology Lab Private Ltd grew its position in Atlassian Corporation PLC (NASDAQ:TEAM) by 85.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 11,570 shares of the technology company’s stock after buying an additional 5,320 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Atlassian were worth $2,350,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kestra Private Wealth Services LLC lifted its stake in shares of Atlassian by 28.2% during the first quarter. Kestra Private Wealth Services LLC now owns 6,099 shares of the technology company’s stock valued at $1,294,000 after acquiring an additional 1,340 shares during the period. J.W. Cole Advisors Inc. raised its holdings in Atlassian by 24.5% during the 1st quarter. J.W. Cole Advisors Inc. now owns 4,929 shares of the technology company’s stock worth $1,046,000 after purchasing an additional 971 shares during the last quarter. Allianz Asset Management GmbH lifted its position in Atlassian by 431.2% during the 1st quarter. Allianz Asset Management GmbH now owns 79,493 shares of the technology company’s stock valued at $16,912,000 after purchasing an additional 64,527 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in Atlassian by 4.2% during the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 108,207 shares of the technology company’s stock valued at $22,963,000 after purchasing an additional 4,340 shares during the period. Finally, SYM FINANCIAL Corp boosted its stake in shares of Atlassian by 46.3% in the 1st quarter. SYM FINANCIAL Corp now owns 1,383 shares of the technology company’s stock valued at $293,000 after purchasing an additional 438 shares during the last quarter. Institutional investors own 94.45% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. 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 set a $300.00 target price on shares of Atlassian in a research report on Friday, October 31st. Wells Fargo & Company started coverage on Atlassian in a research note on Tuesday, September 30th. They issued an “overweight” rating and a $216.00 price target on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and set a $260.00 price objective on shares of Atlassian in a research note on Friday, October 31st. Finally, Guggenheim started coverage on Atlassian in a report on Thursday, September 11th. They issued a “buy” rating and a $225.00 price objective for the company. One research 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $240.00.

Insider Transactions at Atlassian

In other Atlassian news, Director Scott Farquhar sold 7,665 shares of the company’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $171.13, for a total value of $1,311,711.45. Following the transaction, the director directly owned 168,630 shares in the company, valued at $28,857,651.90. The trade was a 4.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Anutthara Bharadwaj sold 9,847 shares of the company’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $152.46, for a total transaction of $1,501,273.62. Following the completion of the transaction, the president owned 242,092 shares in the company, valued at approximately $36,909,346.32. This trade represents a 3.91% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders acquired 4,497 shares of company stock worth $742,375 and sold 574,422 shares worth $93,484,396. 36.66% of the stock is currently owned by corporate insiders.

Atlassian Price Performance

Shares of TEAM opened at $146.51 on Thursday. 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 twelve month low of $144.32 and a twelve month high of $326.00. The stock has a market capitalization of $38.55 billion, a P/E ratio of -206.35, a P/E/G ratio of 35.28 and a beta of 0.95. The company has a 50 day moving average of $159.76 and a 200-day moving average of $182.58.

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