Atlassian (NASDAQ:TEAM) Director Scott Belsky Buys 1,566 Shares

Atlassian Corporation PLC (NASDAQ:TEAM) Director Scott Belsky purchased 1,566 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was bought at an average cost of $153.10 per share, for a total transaction of $239,754.60. Following the completion of the acquisition, the director directly owned 3,021 shares of the company’s stock, valued at $462,515.10. This represents a 107.63% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Scott Belsky also recently made the following trade(s):

• On Thursday, August 28th, Scott Belsky purchased 1,455 shares of Atlassian stock. The stock was bought at an average cost of $173.00 per share, for a total transaction of $251,715.00.

Atlassian Trading Down 0.4%

TEAM opened at $150.49 on Friday. The stock has a market capitalization of $39.48 billion, a PE ratio of -152.01 and a beta of 0.92. The firm’s fifty day moving average price is $171.67 and its 200 day moving average price is $195.39. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.22 and a quick ratio of 1.22. Atlassian Corporation PLC has a 12-month low of $147.40 and a 12-month high of $326.00.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings results 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 firm 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%. The firm’s quarterly revenue was up 22.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.66 earnings per share. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, research analysts expect that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Hedge Funds Weigh In On Atlassian

Several large investors have recently made changes to their positions in TEAM. Norges Bank bought a new position in shares of Atlassian during the 2nd quarter valued at about $377,794,000. Artisan Partners Limited Partnership boosted its position in shares of Atlassian by 66.3% during the 2nd 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. Nuveen LLC bought a new position in shares of Atlassian during the 1st quarter valued at about $327,665,000. AQR Capital Management LLC boosted its position in shares of Atlassian by 145.6% during the 1st 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. Finally, DNB Asset Management AS boosted its position in shares of Atlassian by 2,676.8% during the 2nd quarter. DNB Asset Management AS now owns 765,678 shares of the technology company’s stock valued at $155,502,000 after purchasing an additional 738,104 shares in the last quarter. Institutional investors own 94.45% of the company’s stock.

Analysts Set New Price Targets

TEAM has been the topic of a number of recent research reports. Raymond James Financial reduced their price target on shares of Atlassian from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Friday, August 8th. KeyCorp reduced their price target on shares of Atlassian from $275.00 to $250.00 and set an “overweight” rating on the stock in a research report on Thursday, July 17th. Cantor Fitzgerald reduced their price target on shares of Atlassian from $256.00 to $240.00 and set an “overweight” rating on the stock in a research report on Friday, August 8th. Canaccord Genuity Group reduced their price target on shares of Atlassian from $255.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, August 8th. Finally, Citigroup reduced their price target on shares of Atlassian from $300.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Atlassian has a consensus rating of “Moderate Buy” and a consensus 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.