Atlassian Corporation PLC $TEAM Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 6,620.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 255,302 shares of the technology company’s stock after acquiring an additional 251,503 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Atlassian were worth $53,029,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TEAM. Nuveen LLC acquired a new position in shares of Atlassian in the first quarter valued at approximately $327,665,000. AQR Capital Management LLC grew its holdings in shares of Atlassian by 145.6% in the first quarter. AQR Capital Management LLC now owns 1,715,287 shares of the technology company’s stock valued at $354,858,000 after purchasing an additional 1,016,902 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Atlassian by 21.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,440,813 shares of the technology company’s stock valued at $730,175,000 after purchasing an additional 616,071 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Atlassian by 3.5% in the first quarter. Vanguard Group Inc. now owns 16,993,537 shares of the technology company’s stock valued at $3,606,198,000 after purchasing an additional 580,583 shares in the last quarter. Finally, Baillie Gifford & Co. grew its holdings in shares of Atlassian by 7.1% in the first quarter. Baillie Gifford & Co. now owns 8,694,755 shares of the technology company’s stock valued at $1,845,114,000 after purchasing an additional 573,696 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Atlassian Stock Performance

Shares of TEAM opened at $156.37 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market capitalization of $41.02 billion, a P/E ratio of -157.95 and a beta of 0.92. The company’s fifty day moving average is $165.73 and its two-hundred day moving average is $191.60. Atlassian Corporation PLC has a 1 year low of $144.32 and a 1 year high of $326.00.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings data on Thursday, August 7th. The technology company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.15. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Atlassian had a negative net margin of 4.92% and a negative return on equity of 14.77%. Atlassian’s revenue was up 22.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.66 EPS. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, sell-side analysts predict that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Insider Buying and Selling at Atlassian

In other Atlassian news, CEO Michael Cannon-Brookes sold 7,665 shares of the business’s stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $197.88, for a total value of $1,516,750.20. Following the transaction, the chief executive officer directly owned 329,595 shares of the company’s stock, valued at approximately $65,220,258.60. The trade was a 2.27% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Scott Farquhar sold 7,665 shares of the company’s stock in a transaction on Monday, July 28th. The stock was sold at an average price of $202.05, for a total transaction of $1,548,713.25. Following the transaction, the director directly owned 344,925 shares in the company, valued at approximately $69,692,096.25. This trade represents a 2.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 551,608 shares of company stock valued at $95,200,454. 38.55% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Raymond James Financial decreased their price target on shares of Atlassian from $300.00 to $250.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. UBS Group reiterated a “hold” rating on shares of Atlassian in a research note on Monday, July 7th. Wells Fargo & Company assumed coverage on shares of Atlassian in a research note on Tuesday, September 30th. They issued an “overweight” rating and a $216.00 price target for the company. Oppenheimer decreased their price target on shares of Atlassian from $300.00 to $275.00 and set an “outperform” rating for the company in a research note on Monday, July 21st. Finally, Mizuho decreased their price target on shares of Atlassian from $265.00 to $235.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $248.74.

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.