Atlassian Corporation PLC $TEAM Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. increased its stake in Atlassian Corporation PLC (NASDAQ:TEAM) by 2.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,850 shares of the technology company’s stock after acquiring an additional 587 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Atlassian were worth $5,250,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. State of Wyoming grew its holdings in shares of Atlassian by 20.3% during 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 in the last quarter. First Horizon Advisors Inc. grew its stake in 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 purchasing an additional 55 shares in the last quarter. EP Wealth Advisors LLC grew its stake in Atlassian by 2.8% in the first quarter. EP Wealth Advisors LLC now owns 2,641 shares of the technology company’s stock valued at $561,000 after purchasing an additional 71 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Atlassian by 11.5% in the first quarter. Smartleaf Asset Management LLC now owns 716 shares of the technology company’s stock valued at $156,000 after purchasing an additional 74 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC grew its stake in Atlassian by 5.5% in the first quarter. Ashton Thomas Private Wealth LLC now owns 1,412 shares of the technology company’s stock valued at $300,000 after purchasing an additional 74 shares in the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Atlassian Price Performance

NASDAQ TEAM opened at $164.26 on Tuesday. Atlassian Corporation PLC has a twelve month low of $144.32 and a twelve month high of $326.00. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market capitalization of $43.09 billion, a PE ratio of -165.92 and a beta of 0.92. The stock has a 50-day simple moving average of $164.39 and a 200 day simple moving average of $188.93.

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

Analysts Set New Price Targets

TEAM has been the topic of a number of recent research reports. UBS Group lowered their target price on Atlassian from $215.00 to $185.00 and set a “neutral” rating on the stock in a research note on Friday. Truist Financial set a $230.00 target price on Atlassian in a research note on Friday, August 8th. Raymond James Financial lowered their target price on Atlassian from $300.00 to $250.00 and set an “outperform” rating on the stock in a research note on Friday, August 8th. Oppenheimer lowered their target price on Atlassian from $300.00 to $275.00 and set an “outperform” rating on the stock in a research note on Monday, July 21st. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Atlassian in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $243.58.

Insider Buying and Selling

In related news, President Anutthara Bharadwaj sold 7,728 shares of the business’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $163.43, for a total transaction of $1,262,987.04. Following the completion of the transaction, the president owned 182,801 shares of the company’s stock, valued at approximately $29,875,167.43. The trade was a 4.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the business’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $163.51, for a total value of $1,253,304.15. Following the transaction, the chief executive officer directly owned 268,275 shares of the company’s stock, valued at $43,865,645.25. This represents a 2.78% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 551,608 shares of company stock valued at $92,116,058. Insiders own 36.66% of the company’s stock.

Atlassian 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.