Earned Wealth Advisors LLC Trims Stake in Atlassian Corporation PLC $TEAM

Earned Wealth Advisors LLC lowered its holdings in Atlassian Corporation PLC (NASDAQ:TEAM) by 18.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,115 shares of the technology company’s stock after selling 252 shares during the quarter. Earned Wealth Advisors LLC’s holdings in Atlassian were worth $226,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TEAM. Nuveen LLC acquired a new stake in shares of Atlassian in the first quarter valued at $327,665,000. AQR Capital Management LLC grew its stake 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 buying an additional 1,016,902 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake 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 buying an additional 616,071 shares in the last quarter. Vanguard Group Inc. grew its stake 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 buying an additional 580,583 shares in the last quarter. Finally, Baillie Gifford & Co. grew its stake 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 buying an additional 573,696 shares in the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Insider Transactions at Atlassian

In other Atlassian news, Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $160.41, for a total transaction of $1,229,542.65. Following the completion of the sale, the director directly owned 321,930 shares of the company’s stock, valued at $51,640,791.30. The trade was a 2.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $160.40, for a total value of $1,229,466.00. Following the sale, the chief executive officer directly owned 321,930 shares of the company’s stock, valued at $51,637,572. This trade represents a 2.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 551,608 shares of company stock valued at $91,244,164 over the last ninety days. 36.66% of the stock is owned by company insiders.

Atlassian Stock Up 5.4%

Shares of NASDAQ TEAM opened at $169.42 on Friday. The company has a market capitalization of $44.44 billion, a price-to-earnings ratio of -238.62 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 business has a 50-day moving average of $164.09 and a two-hundred day moving average of $188.01. Atlassian Corporation PLC has a 1 year low of $144.32 and a 1 year high of $326.00.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.21. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. Atlassian had a negative return on equity of 7.20% and a negative net margin of 3.38%.Atlassian’s revenue for the quarter was up 20.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.77 EPS. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. On average, analysts forecast that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TEAM. Stephens dropped their price objective on Atlassian from $221.00 to $202.00 and set an “equal weight” rating for the company in a research note on Monday, August 11th. TD Cowen dropped their price objective on Atlassian from $220.00 to $205.00 and set a “hold” rating for the company in a research note on Monday, October 27th. Mizuho lifted their price objective on Atlassian from $235.00 to $245.00 and gave the company an “outperform” rating in a research note on Friday. Sanford C. Bernstein decreased their target price on Atlassian from $296.00 to $290.00 and set an “outperform” rating for the company in a report on Friday. Finally, Zacks Research lowered 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, twenty have issued a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $239.84.

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.