Bank of New York Mellon Corp Buys 159,300 Shares of Atlassian Corporation PLC $TEAM

Bank of New York Mellon Corp boosted its stake in Atlassian Corporation PLC (NASDAQ:TEAM) by 18.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,041,878 shares of the technology company’s stock after purchasing an additional 159,300 shares during the quarter. Bank of New York Mellon Corp’s holdings in Atlassian were worth $211,595,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Smithfield Trust Co increased its holdings in Atlassian by 90.7% in the first quarter. Smithfield Trust Co now owns 164 shares of the technology company’s stock valued at $34,000 after purchasing an additional 78 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in Atlassian by 447.2% in the first quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock valued at $42,000 after purchasing an additional 161 shares during the last quarter. State of Wyoming increased its holdings in shares of Atlassian by 20.3% in the first quarter. State of Wyoming now owns 278 shares of the technology company’s stock worth $59,000 after acquiring an additional 47 shares in the last quarter. Banque Transatlantique SA bought a new stake in shares of Atlassian in the first quarter worth about $77,000. Finally, Strengthening Families & Communities LLC increased its holdings in shares of Atlassian by 121.1% in the first quarter. Strengthening Families & Communities LLC now owns 420 shares of the technology company’s stock worth $89,000 after acquiring an additional 230 shares in the last quarter. Institutional investors own 94.45% of the company’s stock.

Insider Activity at Atlassian

In related news, President Anutthara Bharadwaj sold 7,728 shares of the stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $163.43, for a total transaction of $1,262,987.04. Following the completion of the transaction, the president directly owned 182,801 shares of the company’s stock, valued at approximately $29,875,167.43. This represents a 4.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Scott Farquhar sold 7,665 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $163.51, for a total value of $1,253,304.15. Following the transaction, the director directly owned 268,275 shares of the company’s stock, valued at $43,865,645.25. This trade represents a 2.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders purchased 4,497 shares of company stock valued at $742,375 and sold 551,608 shares valued at $90,771,310. Insiders own 36.66% of the company’s stock.

Atlassian Stock Down 2.1%

TEAM stock opened at $161.46 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.26 and a quick ratio of 1.22. The stock has a market capitalization of $42.36 billion, a P/E ratio of -227.41, a P/E/G ratio of 39.13 and a beta of 0.95. The business has a 50-day moving average of $164.05 and a 200-day moving average of $187.12. Atlassian Corporation PLC has a fifty-two week low of $144.32 and a fifty-two week high of $326.00.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings results on Thursday, October 30th. The technology company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.83 by $0.21. Atlassian had a negative return on equity of 7.11% and a negative net margin of 3.38%.The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the prior year, the firm posted $0.77 earnings per share. The business’s quarterly revenue was up 20.6% compared to the same quarter last year. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. On average, sell-side analysts anticipate that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TEAM. Zacks Research upgraded Atlassian from a “strong sell” rating to a “hold” rating in a report on Monday. Robert W. Baird set a $230.00 price target on Atlassian in a report on Friday, October 31st. Bank of America began coverage on Atlassian in a report on Tuesday, September 23rd. They issued a “neutral” rating and a $200.00 price target for the company. UBS Group lowered their price target on Atlassian from $215.00 to $185.00 and set a “neutral” rating for the company in a report on Friday, October 24th. Finally, KeyCorp lowered their price target on Atlassian from $250.00 to $210.00 and set an “overweight” rating for the company in a report on Thursday, October 23rd. One equities research 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $239.44.

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.