Atlassian Corporation PLC $TEAM Position Lowered by SG Americas Securities LLC

SG Americas Securities LLC reduced its position in Atlassian Corporation PLC (NASDAQ:TEAM) by 99.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,236 shares of the technology company’s stock after selling 225,842 shares during the quarter. SG Americas Securities LLC’s holdings in Atlassian were worth $454,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Nuveen LLC acquired a new position in shares of Atlassian in the 1st quarter worth approximately $327,665,000. AQR Capital Management LLC lifted its stake in Atlassian by 145.6% during the first quarter. AQR Capital Management LLC now owns 1,715,287 shares of the technology company’s stock worth $354,858,000 after purchasing an additional 1,016,902 shares during the last quarter. Vanguard Group Inc. lifted its stake in Atlassian by 3.5% during the first quarter. Vanguard Group Inc. now owns 16,993,537 shares of the technology company’s stock worth $3,606,198,000 after purchasing an additional 580,583 shares during the last quarter. Nordea Investment Management AB boosted its holdings in Atlassian by 1,169.0% in the second quarter. Nordea Investment Management AB now owns 600,149 shares of the technology company’s stock worth $121,998,000 after purchasing an additional 552,856 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Atlassian by 39.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,919,172 shares of the technology company’s stock valued at $407,267,000 after purchasing an additional 545,778 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Atlassian Stock Down 0.7%

TEAM opened at $148.03 on Friday. The stock’s 50 day moving average price is $156.61 and its 200 day moving average price is $180.24. 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 stock has a market cap of $38.95 billion, a P/E ratio of -208.49, a P/E/G ratio of 27.92 and a beta of 0.95. Atlassian Corporation PLC has a 12 month low of $139.70 and a 12 month high of $326.00.

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

Wall Street Analysts Forecast Growth

TEAM has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Atlassian from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Barclays dropped their price objective on shares of Atlassian from $244.00 to $215.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. Bank of America initiated coverage on shares of Atlassian in a report on Tuesday, September 23rd. They issued a “neutral” rating and a $200.00 target price on the stock. Raymond James Financial lowered their target price on Atlassian from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Friday, August 8th. Finally, Truist Financial set a $210.00 price target on Atlassian in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Atlassian currently has an average rating of “Moderate Buy” and an average price target of $240.00.

Insider Activity at Atlassian

In other news, Director Scott Farquhar sold 7,665 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $175.17, for a total value of $1,342,678.05. Following the completion of the transaction, the director directly owned 91,980 shares in the company, valued at $16,112,136.60. This trade represents a 7.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $174.58, for a total transaction of $1,338,155.70. Following the transaction, the chief executive officer owned 76,650 shares in the company, valued at $13,381,557. This represents a 9.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 581,181 shares of company stock worth $92,924,622 in the last 90 days. Corporate insiders own 36.66% of the company’s stock.

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.