Scott Belsky Acquires 1,476 Shares of Atlassian (NASDAQ:TEAM) Stock

Atlassian Corporation PLC (NASDAQ:TEAM) Director Scott Belsky bought 1,476 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were bought at an average cost of $169.99 per share, for a total transaction of $250,905.24. Following the completion of the purchase, the director owned 4,497 shares of the company’s stock, valued at $764,445.03. This represents a 48.86% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Scott Belsky also recently made the following trade(s):

• On Wednesday, October 1st, Scott Belsky purchased 1,566 shares of Atlassian stock. The stock was bought at an average cost of $153.10 per share, with a total value of $239,754.60.
• On Thursday, August 28th, Scott Belsky acquired 1,455 shares of Atlassian stock. The shares were bought at an average price of $173.00 per share, for a total transaction of $251,715.00.

Atlassian Stock Performance

Shares of TEAM opened at $161.46 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.26 and a quick ratio of 1.22. The stock has a 50-day moving average of $164.05 and a 200-day moving average of $187.12. The company has a market cap of $42.36 billion, a PE ratio of -227.41, a P/E/G ratio of 39.13 and a beta of 0.95. Atlassian Corporation PLC has a one year low of $144.32 and a one year high of $326.00.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.21. Atlassian had a negative return on equity of 7.11% and a negative net margin of 3.38%.The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the prior year, the business earned $0.77 EPS. The firm’s revenue for the quarter was up 20.6% on a year-over-year basis. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. On average, equities research analysts predict that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TEAM has been the subject of a number of recent research reports. Bank of America assumed coverage on shares of Atlassian in a research note on Tuesday, September 23rd. They set a “neutral” rating and a $200.00 price target for the company. KeyCorp reduced their price objective on shares of Atlassian from $250.00 to $210.00 and set an “overweight” rating for the company in a report on Thursday, October 23rd. Cowen restated a “hold” rating on shares of Atlassian in a report on Monday, October 27th. Cantor Fitzgerald reiterated an “overweight” rating and set a $240.00 price target on shares of Atlassian in a research note on Friday, October 31st. Finally, BMO Capital Markets boosted their price objective on Atlassian from $190.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $239.44.

Hedge Funds Weigh In On Atlassian

A number of hedge funds and other institutional investors have recently modified their holdings of the business. One Wealth Advisors LLC grew its position in Atlassian by 56.7% during the second quarter. One Wealth Advisors LLC now owns 4,436 shares of the technology company’s stock valued at $901,000 after acquiring an additional 1,606 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in shares of Atlassian by 28.6% in the 2nd quarter. Allianz Asset Management GmbH now owns 102,194 shares of the technology company’s stock valued at $20,755,000 after purchasing an additional 22,701 shares in the last quarter. Nicholas Company Inc. grew its holdings in shares of Atlassian by 10.0% during the 2nd quarter. Nicholas Company Inc. now owns 227,789 shares of the technology company’s stock valued at $46,262,000 after purchasing an additional 20,635 shares during the last quarter. Versor Investments LP grew its holdings in shares of Atlassian by 121.7% during the 2nd quarter. Versor Investments LP now owns 3,004 shares of the technology company’s stock valued at $610,000 after purchasing an additional 1,649 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in shares of Atlassian by 42.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,240 shares of the technology company’s stock valued at $900,000 after purchasing an additional 1,259 shares during the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

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.