Freemont Management S.A. Invests $21.39 Million in Atlassian Corporation PLC $TEAM

Freemont Management S.A. purchased a new position in shares of Atlassian Corporation PLC (NASDAQ:TEAM) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 105,300 shares of the technology company’s stock, valued at approximately $21,385,000. Atlassian makes up about 3.2% of Freemont Management S.A.’s holdings, making the stock its 3rd biggest position.

Other large investors also recently modified their holdings of the company. Summit Investment Advisors Inc. raised its holdings in Atlassian by 4.5% during the first quarter. Summit Investment Advisors Inc. now owns 5,368 shares of the technology company’s stock worth $1,139,000 after acquiring an additional 231 shares in the last quarter. Fox Run Management L.L.C. increased its position in shares of Atlassian by 1.5% during the 2nd quarter. Fox Run Management L.L.C. now owns 7,568 shares of the technology company’s stock worth $1,537,000 after purchasing an additional 112 shares during the last quarter. Penserra Capital Management LLC raised its stake in shares of Atlassian by 427.5% during the 2nd quarter. Penserra Capital Management LLC now owns 16,053 shares of the technology company’s stock worth $3,258,000 after purchasing an additional 13,010 shares in the last quarter. KCM Investment Advisors LLC boosted its holdings in shares of Atlassian by 9.9% in the 2nd quarter. KCM Investment Advisors LLC now owns 4,200 shares of the technology company’s stock valued at $853,000 after buying an additional 380 shares during the last quarter. Finally, Wedbush Securities Inc. boosted its holdings in shares of Atlassian by 8.0% in the 2nd quarter. Wedbush Securities Inc. now owns 3,281 shares of the technology company’s stock valued at $666,000 after buying an additional 242 shares during the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on the stock. Capital One Financial cut shares of Atlassian from an “overweight” rating to an “equal weight” rating and set a $211.00 price target for the company. in a research note on Wednesday, July 16th. Mizuho upped their target price on shares of Atlassian from $235.00 to $245.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Bank of America initiated coverage on Atlassian in a report on Tuesday, September 23rd. They set a “neutral” rating and a $200.00 price target for the company. Cantor Fitzgerald reissued an “overweight” rating and set a $240.00 price target on shares of Atlassian in a research report on Friday, October 31st. Finally, Raymond James Financial cut their price objective on Atlassian from $300.00 to $250.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Atlassian presently has a consensus rating of “Moderate Buy” and a consensus price target of $239.44.

Atlassian Stock Performance

NASDAQ:TEAM opened at $157.83 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.22 and a debt-to-equity ratio of 0.72. The stock has a 50 day simple moving average of $163.23 and a 200 day simple moving average of $186.66. Atlassian Corporation PLC has a 1-year low of $144.32 and a 1-year high of $326.00. The stock has a market cap of $41.40 billion, a P/E ratio of -222.29, a PEG ratio of 37.03 and a beta of 0.95.

Atlassian (NASDAQ:TEAM) last announced its 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. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.11%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the prior year, the business posted $0.77 EPS. The business’s revenue was up 20.6% compared to the same quarter last year. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Research analysts anticipate that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Scott Farquhar sold 7,665 shares of the stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $162.66, for a total transaction of $1,246,788.90. Following the sale, the director directly owned 283,605 shares of the company’s stock, valued at approximately $46,131,189.30. This represents a 2.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the business’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $162.66, for a total value of $1,246,788.90. Following the completion of the transaction, the chief executive officer directly owned 283,605 shares of the company’s stock, valued at approximately $46,131,189.30. This trade represents a 2.63% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have purchased 4,497 shares of company stock valued at $742,375 and have sold 551,608 shares valued at $90,643,075. 36.66% of the stock is currently owned by company insiders.

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.