Pines Wealth Management LLC Makes New $259,000 Investment in Atlassian Corporation PLC $TEAM

Pines Wealth Management LLC acquired a new stake in Atlassian Corporation PLC (NASDAQ:TEAM) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,213 shares of the technology company’s stock, valued at approximately $259,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pallas Capital Advisors LLC grew its holdings in Atlassian by 24.7% in the 2nd quarter. Pallas Capital Advisors LLC now owns 9,318 shares of the technology company’s stock valued at $1,892,000 after buying an additional 1,843 shares in the last quarter. Gateway Investment Advisers LLC grew its holdings in Atlassian by 7.3% in the 2nd quarter. Gateway Investment Advisers LLC now owns 4,456 shares of the technology company’s stock valued at $905,000 after buying an additional 303 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. acquired a new position in Atlassian in the 2nd quarter valued at $425,000. OMNI 360 Wealth Inc. acquired a new position in Atlassian in the 2nd quarter valued at $294,000. Finally, Central Pacific Bank Trust Division acquired a new position in Atlassian in the 2nd quarter valued at $610,000. 94.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on TEAM shares. Mizuho decreased their price objective on Atlassian from $265.00 to $235.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. Capital One Financial lowered Atlassian from an “overweight” rating to an “equal weight” rating and set a $211.00 price objective on the stock. in a report on Wednesday, July 16th. Wall Street Zen raised Atlassian from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Cantor Fitzgerald reduced their target price on Atlassian from $256.00 to $240.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Finally, Citigroup reduced their target price on Atlassian from $300.00 to $240.00 and set a “buy” rating on the stock in a report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $255.45.

Atlassian Price Performance

Atlassian stock opened at $172.25 on Thursday. 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 company has a market capitalization of $45.19 billion, a PE ratio of -173.99 and a beta of 0.95. Atlassian Corporation PLC has a 12 month low of $155.37 and a 12 month high of $326.00. The stock has a 50-day moving average price of $179.60 and a two-hundred day moving average price of $201.86.

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

Insider Buying and Selling at Atlassian

In other Atlassian news, Director Scott Farquhar sold 7,665 shares of the stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $213.97, for a total value of $1,640,080.05. Following the completion of the transaction, the director directly owned 467,565 shares in the company, valued at approximately $100,044,883.05. This trade represents a 1.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Anutthara Bharadwaj sold 7,728 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $163.43, for a total value of $1,262,987.04. Following the completion of the transaction, the president owned 182,801 shares of the company’s stock, valued at $29,875,167.43. This represents a 4.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 536,278 shares of company stock worth $99,886,375. 38.55% of the stock is currently owned by insiders.

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.