Atlassian Corporation PLC $TEAM Shares Sold by Korea Investment CORP

Korea Investment CORP trimmed its position in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 0.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 156,473 shares of the technology company’s stock after selling 1,368 shares during the quarter. Korea Investment CORP owned approximately 0.06% of Atlassian worth $31,778,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TEAM. One Wealth Advisors LLC grew its stake in Atlassian by 56.7% during the 2nd quarter. One Wealth Advisors LLC now owns 4,436 shares of the technology company’s stock valued at $901,000 after acquiring an additional 1,606 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of Atlassian by 28.6% during the 2nd quarter. Allianz Asset Management GmbH now owns 102,194 shares of the technology company’s stock worth $20,755,000 after purchasing an additional 22,701 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Atlassian by 3.7% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 258,299 shares of the technology company’s stock worth $52,458,000 after purchasing an additional 9,274 shares during the last quarter. Machina Capital S.A.S. grew its position in shares of Atlassian by 203.0% in the second quarter. Machina Capital S.A.S. now owns 9,376 shares of the technology company’s stock valued at $1,904,000 after purchasing an additional 6,282 shares in the last quarter. Finally, Nicholas Company Inc. increased its holdings in shares of Atlassian by 10.0% in the second quarter. Nicholas Company Inc. now owns 227,789 shares of the technology company’s stock valued at $46,262,000 after purchasing an additional 20,635 shares during the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Insider Transactions at Atlassian

In other news, CEO Michael Cannon-Brookes sold 7,665 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $148.29, for a total transaction of $1,136,642.85. Following the completion of the transaction, the chief executive officer directly owned 176,295 shares in the company, valued at $26,142,785.55. This trade represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CRO Brian Duffy sold 1,940 shares of Atlassian stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $147.46, for a total value of $286,072.40. Following the completion of the sale, the executive directly owned 126,536 shares of the company’s stock, valued at $18,658,998.56. The trade was a 1.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 581,181 shares of company stock worth $92,924,622 in the last three months. Company insiders own 36.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Mizuho lifted their price objective on Atlassian from $235.00 to $245.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Atlassian in a research note on Wednesday, October 8th. Cowen reiterated a “hold” rating on shares of Atlassian in a report on Monday, October 27th. Piper Sandler reissued an “overweight” rating and set a $300.00 price target on shares of Atlassian in a research report on Friday, October 31st. Finally, Stephens cut their price objective on shares of Atlassian from $221.00 to $202.00 and set an “equal weight” rating for the company in a research report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $240.00.

Atlassian Stock Up 1.1%

Shares of NASDAQ:TEAM opened at $149.65 on Friday. The company has a market capitalization of $39.37 billion, a price-to-earnings ratio of -210.76, a PEG ratio of 27.92 and a beta of 0.95. Atlassian Corporation PLC has a 12-month low of $139.70 and a 12-month high of $326.00. The business has a 50-day moving average price of $156.22 and a 200 day moving average price of $179.72. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.72.

Atlassian (NASDAQ:TEAM) last announced its earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share for the quarter, topping 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 company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter last year, the firm posted $0.77 earnings per share. Atlassian’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. Sell-side analysts expect that Atlassian Corporation PLC will post -0.34 EPS for the current year.

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.