Glynn Capital Management LLC Has $23.68 Million Stock Holdings in Atlassian Corporation PLC $TEAM

Glynn Capital Management LLC raised its position in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 10.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 116,586 shares of the technology company’s stock after purchasing an additional 11,148 shares during the quarter. Atlassian accounts for about 5.3% of Glynn Capital Management LLC’s investment portfolio, making the stock its 8th biggest holding. Glynn Capital Management LLC’s holdings in Atlassian were worth $23,677,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Atlassian by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 16,993,537 shares of the technology company’s stock valued at $3,606,198,000 after acquiring an additional 580,583 shares in the last quarter. Baillie Gifford & Co. raised its stake 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 worth $1,845,114,000 after purchasing an additional 573,696 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake 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 worth $730,175,000 after purchasing an additional 616,071 shares during the last quarter. Voya Investment Management LLC raised its position in Atlassian by 24.1% in the 1st 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 last quarter. Finally, T. Rowe Price Investment Management Inc. raised its position in Atlassian by 6.7% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,972,130 shares of the technology company’s stock worth $418,506,000 after buying an additional 124,432 shares during the last quarter. Institutional investors own 94.45% of the company’s stock.

Atlassian Price Performance

TEAM stock opened at $157.54 on Wednesday. The company’s fifty day moving average price is $162.56 and its 200-day moving average price is $185.44. Atlassian Corporation PLC has a one year low of $144.32 and a one year high of $326.00. The company has a market capitalization of $41.45 billion, a PE ratio of -221.88, a price-to-earnings-growth ratio of 37.74 and a beta of 0.95. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.26 and a current ratio of 1.26.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings data on Thursday, October 30th. The technology company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.21. The firm 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 business’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.77 earnings per share. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. On average, equities analysts anticipate that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Scott Farquhar sold 7,665 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $158.00, for a total value of $1,211,070.00. Following the sale, the director directly owned 268,275 shares in the company, valued at $42,387,450. The trade was a 2.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Scott Belsky purchased 1,476 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was acquired at an average cost of $169.99 per share, with a total value of $250,905.24. Following the acquisition, the director owned 4,497 shares in the company, valued at $764,445.03. The trade was a 48.86% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have acquired 4,497 shares of company stock worth $742,375 and have sold 566,938 shares worth $92,943,648. 36.66% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently commented on TEAM shares. Piper Sandler reiterated an “overweight” rating and issued a $300.00 price target on shares of Atlassian in a research note on Friday, October 31st. Wells Fargo & Company started coverage on Atlassian in a research note on Tuesday, September 30th. They issued an “overweight” rating and a $216.00 price target on the stock. Canaccord Genuity Group reiterated a “buy” rating and set a $230.00 price objective on shares of Atlassian in a research report on Wednesday, October 22nd. Sanford C. Bernstein lowered their target price on Atlassian from $296.00 to $290.00 and set an “outperform” rating on the stock in a report on Friday, October 31st. Finally, Mizuho increased their price target on shares of Atlassian from $235.00 to $245.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Atlassian has a consensus rating of “Moderate Buy” and an average target price of $239.44.

About Atlassian

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.