Insider Selling: Atlassian (NASDAQ:TEAM) CFO Sells 1,710 Shares of Stock

Atlassian Corporation PLC (NASDAQ:TEAM) CFO Joseph Leo Binz sold 1,710 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $147.46, for a total value of $252,156.60. Following the transaction, the chief financial officer owned 213,241 shares in the company, valued at approximately $31,444,517.86. This trade represents a 0.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Joseph Leo Binz also recently made the following trade(s):

• On Friday, November 14th, Joseph Leo Binz sold 4,531 shares of Atlassian stock. The stock was sold at an average price of $152.46, for a total value of $690,796.26.

Atlassian Stock Performance

Shares of NASDAQ:TEAM traded down $2.47 during trading on Thursday, reaching $144.04. The stock had a trading volume of 2,297,700 shares, compared to its average volume of 2,502,713. Atlassian Corporation PLC has a 52 week low of $143.39 and a 52 week high of $326.00. The firm has a market capitalization of $37.90 billion, a price-to-earnings ratio of -202.87, a P/E/G ratio of 35.28 and a beta of 0.95. The stock has a fifty day simple moving average of $159.76 and a two-hundred day simple moving average of $182.58. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.72.

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, beating the consensus estimate of $0.83 by $0.21. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.11%. The business’s revenue for the quarter was up 20.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.77 EPS. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. As a group, analysts anticipate that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Raymond James Financial dropped their price objective on Atlassian from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Friday, August 8th. Robert W. Baird set a $230.00 target price on Atlassian in a research report on Friday, October 31st. Bank of America assumed coverage on Atlassian in a research report on Tuesday, September 23rd. They set a “neutral” rating and a $200.00 price target on the stock. Citigroup restated a “buy” rating on shares of Atlassian in a research report on Wednesday, October 22nd. Finally, Piper Sandler reissued an “overweight” rating and set a $300.00 price target on shares of Atlassian in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $240.00.

Hedge Funds Weigh In On Atlassian

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Ariadne Wealth Management LP purchased a new stake in shares of Atlassian during the third quarter worth about $308,000. Caerus Investment Advisors LLC bought a new stake in shares of Atlassian during the 3rd quarter valued at about $452,000. Danica Pension Livsforsikringsaktieselskab purchased a new stake in shares of Atlassian in the 3rd quarter worth about $103,330,000. Danske Bank A S bought a new stake in shares of Atlassian in the 3rd quarter worth approximately $13,004,000. Finally, Stance Capital LLC grew its position in Atlassian by 17.4% during the 3rd quarter. Stance Capital LLC now owns 7,684 shares of the technology company’s stock valued at $1,227,000 after purchasing an additional 1,140 shares during the last quarter. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

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.