Atlassian Corporation PLC $TEAM Position Increased by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its position in Atlassian Corporation PLC (NASDAQ:TEAM) by 0.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 299,345 shares of the technology company’s stock after purchasing an additional 910 shares during the period. Russell Investments Group Ltd.’s holdings in Atlassian were worth $60,733,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Atlassian by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 17,430,078 shares of the technology company’s stock valued at $3,539,875,000 after acquiring an additional 436,541 shares in the last quarter. Artisan Partners Limited Partnership lifted its holdings in shares of Atlassian by 66.3% in the second quarter. Artisan Partners Limited Partnership now owns 3,878,133 shares of the technology company’s stock valued at $787,610,000 after purchasing an additional 1,545,546 shares in the last quarter. Voya Investment Management LLC boosted its position in shares of Atlassian by 24.1% in the first quarter. Voya Investment Management LLC now owns 2,695,889 shares of the technology company’s stock worth $571,894,000 after buying an additional 523,035 shares during the period. Geode Capital Management LLC boosted its position in shares of Atlassian by 1.9% in the second quarter. Geode Capital Management LLC now owns 2,356,798 shares of the technology company’s stock worth $476,800,000 after buying an additional 43,899 shares during the period. Finally, T. Rowe Price Investment Management Inc. grew its holdings in shares of Atlassian by 6.7% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,972,130 shares of the technology company’s stock valued at $418,506,000 after buying an additional 124,432 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Insiders Place Their Bets

In other news, President Anutthara Bharadwaj sold 9,847 shares of the stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $152.46, for a total transaction of $1,501,273.62. Following the transaction, the president owned 242,092 shares of the company’s stock, valued at approximately $36,909,346.32. This represents a 3.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Scott Farquhar sold 7,665 shares of the firm’s 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. The trade was a 7.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 581,181 shares of company stock valued at $92,924,622 over the last three months. 36.66% of the stock is currently owned by insiders.

Atlassian Price Performance

Shares of TEAM opened at $148.03 on Friday. 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 $38.95 billion, a PE ratio of -208.49, a PEG ratio of 27.92 and a beta of 0.95. The firm’s 50 day moving average price is $156.61 and its 200 day moving average price is $180.24. Atlassian Corporation PLC has a twelve month low of $139.70 and a twelve month high of $326.00.

Atlassian (NASDAQ:TEAM) last posted its 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. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.11%. The company’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.77 earnings per share. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. As a group, research analysts expect that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TEAM has been the subject of several research analyst reports. Citigroup reissued a “buy” rating on shares of Atlassian in a research note on Wednesday, October 22nd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $240.00 target price on shares of Atlassian in a report on Friday, October 31st. Truist Financial set a $210.00 price target on shares of Atlassian in a report on Friday, October 31st. Wells Fargo & Company assumed coverage on shares of Atlassian in a research report on Tuesday, September 30th. They set an “overweight” rating and a $216.00 price objective on the stock. Finally, Piper Sandler reiterated an “overweight” rating and issued a $300.00 target price on shares of 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $240.00.

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.