Franklin Resources Inc. Sells 45,773 Shares of Atlassian Corporation PLC $TEAM

Franklin Resources Inc. lowered its stake in Atlassian Corporation PLC (NASDAQ:TEAM) by 18.0% during the second quarter, Holdings Channel reports. The firm owned 208,761 shares of the technology company’s stock after selling 45,773 shares during the period. Franklin Resources Inc.’s holdings in Atlassian were worth $42,397,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Artisan Partners Limited Partnership grew its stake in Atlassian by 66.3% during the second quarter. Artisan Partners Limited Partnership now owns 3,878,133 shares of the technology company’s stock worth $787,610,000 after buying an additional 1,545,546 shares in the last quarter. Nuveen LLC bought a new stake in shares of Atlassian during the 1st quarter worth approximately $327,665,000. AQR Capital Management LLC boosted its position in shares of Atlassian by 145.6% during the 1st quarter. AQR Capital Management LLC now owns 1,715,287 shares of the technology company’s stock worth $354,858,000 after acquiring an additional 1,016,902 shares in the last quarter. DNB Asset Management AS increased its stake in Atlassian by 2,676.8% in the second quarter. DNB Asset Management AS now owns 765,678 shares of the technology company’s stock valued at $155,502,000 after acquiring an additional 738,104 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Atlassian by 3.5% during 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 purchasing an additional 580,583 shares in the last quarter. Institutional investors own 94.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on TEAM shares. UBS Group reduced their target price on Atlassian from $215.00 to $185.00 and set a “neutral” rating on the stock in a report on Friday, October 24th. 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 research report on Friday, August 8th. TD Cowen reduced their price objective on Atlassian from $220.00 to $205.00 and set a “hold” rating on the stock in a research note on Monday, October 27th. Cowen reissued a “hold” rating on shares of Atlassian in a research note on Monday, October 27th. Finally, KeyCorp dropped their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $240.00.

Atlassian Trading Up 1.8%

Shares of TEAM stock opened at $149.04 on Wednesday. Atlassian Corporation PLC has a twelve month low of $139.70 and a twelve month high of $326.00. The stock’s fifty day simple moving average is $157.53 and its 200 day simple moving average is $180.69. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $39.21 billion, a P/E ratio of -209.91, a P/E/G ratio of 27.62 and a beta of 0.95.

Atlassian (NASDAQ:TEAM) last posted its earnings results on Thursday, October 30th. The technology company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.83 by $0.21. The firm 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 7.11% and a negative net margin of 3.38%.The business’s quarterly revenue was up 20.6% on a year-over-year basis. During the same period last year, the company earned $0.77 earnings per share. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. As a group, sell-side analysts predict that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Insider Buying and Selling at Atlassian

In other news, Director Scott Farquhar sold 7,665 shares of the firm’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $146.62, for a total transaction of $1,123,842.30. Following the completion of the transaction, the director owned 191,625 shares of the company’s stock, valued at approximately $28,096,057.50. This trade represents a 3.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Rajeev Bashyam Rajan sold 3,017 shares of the business’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $147.46, for a total transaction of $444,886.82. Following the completion of the sale, the chief technology officer directly owned 219,997 shares in the company, valued at approximately $32,440,757.62. This represents a 1.35% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders acquired 4,497 shares of company stock worth $742,375 and sold 581,181 shares worth $93,377,470. 36.66% of the stock is currently owned by corporate insiders.

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.