Lecap Asset Management Ltd. Buys 6,376 Shares of Atlassian Corporation PLC $TEAM

Lecap Asset Management Ltd. grew its stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 105.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 12,413 shares of the technology company’s stock after purchasing an additional 6,376 shares during the period. Atlassian comprises approximately 0.9% of Lecap Asset Management Ltd.’s portfolio, making the stock its 19th biggest position. Lecap Asset Management Ltd.’s holdings in Atlassian were worth $2,521,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of TEAM. Nuveen LLC bought a new position in shares of Atlassian in the first quarter valued at approximately $327,665,000. AQR Capital Management LLC grew its holdings in shares of Atlassian by 145.6% in the first quarter. AQR Capital Management LLC now owns 1,715,287 shares of the technology company’s stock valued at $354,858,000 after acquiring an additional 1,016,902 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings 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 valued at $730,175,000 after acquiring an additional 616,071 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Atlassian by 3.5% in the first 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. Finally, Baillie Gifford & Co. grew its holdings 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 valued at $1,845,114,000 after acquiring an additional 573,696 shares in the last quarter. 94.45% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Atlassian news, CEO Michael Cannon-Brookes sold 7,665 shares of the business’s stock in a transaction on 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 chief executive officer directly owned 7,665 shares in the company, valued at approximately $1,275,149.40. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Scott Farquhar sold 7,665 shares of the business’s stock in a transaction on 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 sale, the director owned 7,665 shares of the company’s stock, valued at approximately $1,275,149.40. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 536,278 shares of company stock valued at $96,884,301. Company insiders own 38.55% of the company’s stock.

Atlassian Price Performance

TEAM stock opened at $149.57 on Thursday. The firm has a 50 day moving average price of $173.70 and a 200-day moving average price of $196.59. Atlassian Corporation PLC has a 52-week low of $149.06 and a 52-week high of $326.00. The firm has a market capitalization of $39.24 billion, a price-to-earnings ratio of -151.08 and a beta of 0.92. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.22 and a current ratio of 1.22.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TEAM shares. Raymond James Financial dropped their price objective on Atlassian from $300.00 to $250.00 and set an “outperform” rating on the stock in a research note on Friday, August 8th. Barclays dropped their price objective on Atlassian from $244.00 to $215.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. Guggenheim initiated coverage on Atlassian in a research note on Thursday, September 11th. They issued a “buy” rating and a $225.00 price objective on the stock. Canaccord Genuity Group dropped their target price on Atlassian from $255.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, August 8th. Finally, Mizuho dropped their target price on Atlassian from $265.00 to $235.00 and set an “outperform” rating on the stock in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Atlassian has a consensus rating of “Moderate Buy” and a consensus price target of $248.74.

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.