B.O.S.S. Retirement Advisors LLC Sells 329 Shares of Atlassian Corporation PLC $TEAM

B.O.S.S. Retirement Advisors LLC cut its stake in Atlassian Corporation PLC (NASDAQ:TEAM) by 7.0% in the second quarter, HoldingsChannel reports. The fund owned 4,351 shares of the technology company’s stock after selling 329 shares during the period. B.O.S.S. Retirement Advisors LLC’s holdings in Atlassian were worth $884,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. State of Wyoming boosted 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 valued at $59,000 after buying an additional 47 shares during the period. First Citizens Bank & Trust Co. boosted its holdings in shares of Atlassian by 4.7% in the first quarter. First Citizens Bank & Trust Co. now owns 1,192 shares of the technology company’s stock valued at $253,000 after buying an additional 54 shares during the period. First Horizon Advisors Inc. boosted its holdings in shares of Atlassian by 25.9% in the first 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 during the period. Fulton Bank N.A. boosted its holdings in shares of Atlassian by 3.1% in the first quarter. Fulton Bank N.A. now owns 1,892 shares of the technology company’s stock valued at $402,000 after buying an additional 57 shares during the period. Finally, Yousif Capital Management LLC boosted its holdings in shares of Atlassian by 2.9% in the first quarter. Yousif Capital Management LLC now owns 2,063 shares of the technology company’s stock valued at $438,000 after buying an additional 58 shares during the period. 94.45% of the stock is owned by institutional investors.

Atlassian Stock Performance

Shares of TEAM stock opened at $149.57 on Thursday. The stock has a market cap of $39.24 billion, a P/E ratio of -151.08 and a beta of 0.92. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.22 and a quick ratio of 1.22. The company has a fifty day moving average price of $173.70 and a two-hundred day moving average price of $196.59. Atlassian Corporation PLC has a one year low of $149.06 and a one year high of $326.00.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings results on Thursday, August 7th. The technology company reported $0.98 EPS for the quarter, beating 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 net margin of 4.92% and a negative return on equity of 14.77%. The company’s revenue for the quarter was up 22.3% compared to the same quarter last year. During the same quarter last 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, equities analysts predict that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Cantor Fitzgerald reduced their price target on shares of Atlassian from $256.00 to $240.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Capital One Financial cut shares of Atlassian from an “overweight” rating to an “equal weight” rating and set a $211.00 target price for the company. in a report on Wednesday, July 16th. Citigroup reduced their target price on shares of Atlassian from $300.00 to $240.00 and set a “buy” rating for the company in a report on Monday, August 18th. Zacks Research upgraded shares of Atlassian from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 20th. Finally, Stephens reduced their target price on shares of Atlassian from $221.00 to $202.00 and set an “equal weight” rating for the company in a report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $248.74.

Insiders Place Their Bets

In other news, Director Scott Farquhar sold 7,665 shares of the firm’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $166.36, for a total transaction of $1,275,149.40. Following the completion of the sale, the director owned 7,665 shares in the company, valued at approximately $1,275,149.40. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the firm’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $166.36, for a total transaction of $1,275,149.40. Following the sale, the chief executive officer owned 7,665 shares of the company’s stock, valued at approximately $1,275,149.40. This represents a 50.00% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 536,278 shares of company stock valued at $96,884,301. Corporate insiders own 38.55% of the company’s stock.

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.