Charles Schwab Investment Management Inc. Acquires 23,439 Shares of Atlassian Corporation PLC $TEAM

Charles Schwab Investment Management Inc. increased its holdings in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 3.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 694,407 shares of the technology company’s stock after purchasing an additional 23,439 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Atlassian were worth $141,027,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Rhumbline Advisers lifted its stake in Atlassian by 25.8% in the second quarter. Rhumbline Advisers now owns 245,901 shares of the technology company’s stock valued at $49,940,000 after buying an additional 50,354 shares in the last quarter. Mediolanum International Funds Ltd raised its holdings in shares of Atlassian by 3.2% during the second quarter. Mediolanum International Funds Ltd now owns 20,134 shares of the technology company’s stock worth $4,074,000 after acquiring an additional 631 shares during the period. Legal & General Group Plc lifted its position in Atlassian by 0.9% in the 2nd quarter. Legal & General Group Plc now owns 1,140,503 shares of the technology company’s stock valued at $231,625,000 after acquiring an additional 9,705 shares in the last quarter. Neo Ivy Capital Management boosted its stake in Atlassian by 2.6% in the 2nd quarter. Neo Ivy Capital Management now owns 9,440 shares of the technology company’s stock worth $1,917,000 after purchasing an additional 242 shares during the period. Finally, DNB Asset Management AS increased its holdings in Atlassian by 2,676.8% during the 2nd quarter. DNB Asset Management AS now owns 765,678 shares of the technology company’s stock worth $155,502,000 after purchasing an additional 738,104 shares in the last quarter. 94.45% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Piper Sandler restated an “overweight” rating and issued a $300.00 price target on shares of Atlassian in a report on Friday, October 31st. The Goldman Sachs Group restated a “buy” rating and issued a $260.00 target price on shares of Atlassian in a research note on Friday, October 31st. Guggenheim began coverage on shares of Atlassian in a research note on Thursday, September 11th. They set a “buy” rating and a $225.00 price target for the company. Macquarie lowered their price objective on shares of Atlassian from $250.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. Finally, Cowen reissued a “hold” rating on shares of Atlassian in a research report on Monday, October 27th. 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 MarketBeat.com, Atlassian has a consensus rating of “Moderate Buy” and an average target price of $240.00.

Atlassian Stock Down 0.7%

TEAM stock opened at $148.03 on Thursday. The company has a market cap of $38.95 billion, a price-to-earnings ratio of -208.49, a P/E/G ratio of 28.11 and a beta of 0.95. Atlassian Corporation PLC has a twelve month low of $139.70 and a twelve month high of $326.00. The business has a 50 day moving average price of $157.04 and a two-hundred day moving average price of $180.46. 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 data 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 return on equity of 7.11% and a negative net margin of 3.38%.The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations 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. Analysts anticipate that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CRO Brian Duffy sold 1,940 shares of Atlassian stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $147.46, for a total transaction of $286,072.40. Following the completion of the transaction, the executive owned 126,536 shares in the company, valued at approximately $18,658,998.56. This trade represents a 1.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Scott Farquhar sold 7,665 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $148.29, for a total value of $1,136,642.85. Following the completion of the sale, the director directly owned 176,295 shares of the company’s stock, valued at approximately $26,142,785.55. The trade was a 4.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 596,511 shares of company stock worth $95,650,756 in the last 90 days. 36.66% of the stock is owned by corporate insiders.

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.