Forsta AP Fonden Acquires 1,200 Shares of Atlassian Corporation PLC $TEAM

Forsta AP Fonden increased its holdings in Atlassian Corporation PLC (NASDAQ:TEAM) by 3.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,000 shares of the technology company’s stock after purchasing an additional 1,200 shares during the quarter. Forsta AP Fonden’s holdings in Atlassian were worth $6,905,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Smithfield Trust Co increased its holdings in shares of Atlassian by 90.7% in the first quarter. Smithfield Trust Co now owns 164 shares of the technology company’s stock worth $34,000 after buying an additional 78 shares during the period. Geneos Wealth Management Inc. boosted its position in Atlassian by 447.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock valued at $42,000 after buying an additional 161 shares during the period. State of Wyoming increased its position in shares of Atlassian by 20.3% in the first quarter. State of Wyoming now owns 278 shares of the technology company’s stock valued at $59,000 after acquiring an additional 47 shares during the period. First Horizon Advisors Inc. raised its stake in shares of Atlassian by 40.1% during the second quarter. First Horizon Advisors Inc. now owns 374 shares of the technology company’s stock valued at $76,000 after acquiring an additional 107 shares during the last quarter. Finally, Banque Transatlantique SA purchased a new stake in shares of Atlassian during the first quarter worth about $77,000. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

Atlassian Trading Down 0.2%

Atlassian stock opened at $151.79 on Friday. Atlassian Corporation PLC has a one year low of $144.32 and a one year high of $326.00. The business’s fifty day moving average is $161.52 and its 200 day moving average is $184.46. The stock has a market capitalization of $39.94 billion, a PE ratio of -213.79, a price-to-earnings-growth ratio of 36.06 and a beta of 0.95. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.26 and a quick ratio of 1.26.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings data on Thursday, October 30th. The technology company reported $1.04 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the previous year, the company earned $0.77 earnings per share. The firm’s quarterly revenue 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, sell-side analysts predict that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Atlassian in a research report on Wednesday, October 8th. KeyCorp cut their target price on shares of Atlassian from $250.00 to $210.00 and set an “overweight” rating on the stock in a research note on Thursday, October 23rd. Truist Financial set a $210.00 price target on shares of Atlassian in a research note on Friday, October 31st. Wells Fargo & Company assumed coverage on Atlassian in a report on Tuesday, September 30th. They set an “overweight” rating and a $216.00 target price on the stock. Finally, Raymond James Financial dropped their price target on Atlassian from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $239.44.

Insiders Place Their Bets

In other news, CEO Michael Cannon-Brookes sold 7,665 shares of the business’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $171.13, for a total transaction of $1,311,711.45. Following the completion of the sale, the chief executive officer owned 168,630 shares of the company’s stock, valued at $28,857,651.90. The trade was a 4.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Scott Farquhar sold 7,665 shares of the firm’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $171.13, for a total value of $1,311,711.45. Following the completion of the transaction, the director directly owned 168,630 shares in the company, valued at approximately $28,857,651.90. This represents a 4.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders bought 4,497 shares of company stock worth $742,375 and sold 551,880 shares worth $90,337,237. Company insiders own 36.66% of the company’s stock.

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.