Howard Capital Management Inc. Increases Position in Atlassian Corporation PLC $TEAM

Howard Capital Management Inc. boosted its holdings in Atlassian Corporation PLC (NASDAQ:TEAM) by 58.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 5,992 shares of the technology company’s stock after buying an additional 2,203 shares during the period. Howard Capital Management Inc.’s holdings in Atlassian were worth $1,217,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of TEAM. Smithfield Trust Co grew its position in shares of Atlassian by 90.7% during the first quarter. Smithfield Trust Co now owns 164 shares of the technology company’s stock worth $34,000 after purchasing an additional 78 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in Atlassian by 447.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock valued at $42,000 after buying an additional 161 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in Atlassian by 25.9% during the 1st quarter. First Horizon Advisors Inc. now owns 267 shares of the technology company’s stock valued at $57,000 after buying an additional 55 shares in the last quarter. State of Wyoming grew its holdings in Atlassian by 20.3% during the 1st quarter. State of Wyoming now owns 278 shares of the technology company’s stock valued at $59,000 after buying an additional 47 shares in the last quarter. Finally, Banque Transatlantique SA purchased a new stake in Atlassian during the 1st quarter valued at approximately $77,000. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $163.51, for a total transaction of $1,253,304.15. Following the completion of the transaction, the chief executive officer directly owned 268,275 shares of the company’s stock, valued at approximately $43,865,645.25. The trade was a 2.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $163.51, for a total transaction of $1,253,304.15. Following the transaction, the director directly owned 268,275 shares of the company’s stock, valued at approximately $43,865,645.25. This represents a 2.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 551,608 shares of company stock valued at $91,612,467 over the last three months. 36.66% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Guggenheim assumed coverage on shares of Atlassian in a research note on Thursday, September 11th. They set a “buy” rating and a $225.00 target price for the company. Weiss Ratings restated a “sell (e+)” rating on shares of Atlassian in a research report on Wednesday, October 8th. Barclays cut their price objective on Atlassian from $244.00 to $215.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Oppenheimer cut their price objective on Atlassian from $300.00 to $275.00 and set an “outperform” rating for the company in a research report on Monday, July 21st. Finally, Zacks Research cut Atlassian from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Atlassian currently has an average rating of “Moderate Buy” and a consensus target price of $243.58.

Atlassian Trading Down 0.2%

TEAM opened at $163.96 on Wednesday. The firm has a market cap of $43.01 billion, a P/E ratio of -165.61 and a beta of 0.92. Atlassian Corporation PLC has a 12 month low of $144.32 and a 12 month high of $326.00. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.73. The stock has a 50-day moving average of $164.34 and a 200 day moving average of $188.69.

Atlassian (NASDAQ:TEAM) last announced its earnings results on Thursday, August 7th. The technology company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Atlassian had a negative return on equity of 14.77% and a negative net margin of 4.92%.The company’s quarterly revenue was up 22.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.66 EPS. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, research analysts forecast that Atlassian Corporation PLC will post -0.34 EPS for the current year.

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.