Nicholas Company Inc. Has $49.75 Million Stock Holdings in Atlassian Corporation PLC $TEAM

Nicholas Company Inc. boosted its position in Atlassian Corporation PLC (NASDAQ:TEAM) by 8.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 306,819 shares of the technology company’s stock after purchasing an additional 24,490 shares during the period. Nicholas Company Inc.’s holdings in Atlassian were worth $49,748,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Physician Wealth Advisors Inc. lifted its stake in Atlassian by 60.4% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock valued at $26,000 after purchasing an additional 61 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Atlassian by 12.0% during the fourth quarter. GAMMA Investing LLC now owns 615 shares of the technology company’s stock worth $100,000 after purchasing an additional 66 shares during the period. Snowden Capital Advisors LLC increased its holdings in shares of Atlassian by 1.6% during the second quarter. Snowden Capital Advisors LLC now owns 4,464 shares of the technology company’s stock worth $907,000 after purchasing an additional 71 shares during the period. Financial Perspectives Inc increased its holdings in shares of Atlassian by 11.7% during the fourth quarter. Financial Perspectives Inc now owns 718 shares of the technology company’s stock worth $116,000 after purchasing an additional 75 shares during the period. Finally, ABN Amro Investment Solutions increased its holdings in shares of Atlassian by 3.4% during the third quarter. ABN Amro Investment Solutions now owns 2,452 shares of the technology company’s stock worth $392,000 after purchasing an additional 80 shares during the period. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Atlassian

In other Atlassian news, CFO Joseph Leo Binz sold 1,653 shares of Atlassian stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $81.35, for a total value of $134,471.55. Following the completion of the sale, the chief financial officer directly owned 208,639 shares of the company’s stock, valued at approximately $16,972,782.65. The trade was a 0.79% 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, CTO Rajeev Bashyam Rajan sold 3,072 shares of Atlassian stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $81.35, for a total transaction of $249,907.20. Following the completion of the sale, the chief technology officer directly owned 212,916 shares of the company’s stock, valued at approximately $17,320,716.60. This trade represents a 1.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 6,013 shares of company stock valued at $489,158. Corporate insiders own 36.66% of the company’s stock.

Atlassian Stock Performance

TEAM opened at $91.60 on Monday. Atlassian Corporation PLC has a 1-year low of $56.01 and a 1-year high of $232.36. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.13. The company has a market cap of $24.16 billion, a P/E ratio of -110.36, a price-to-earnings-growth ratio of 5.20 and a beta of 0.90. The company has a fifty day moving average price of $72.12 and a two-hundred day moving average price of $116.37.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings results on Thursday, April 30th. The technology company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.42. Atlassian had a negative net margin of 3.50% and a positive return on equity of 6.22%. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the previous year, the firm posted $0.97 earnings per share. The business’s revenue was up 31.7% compared to the same quarter last year. Analysts predict that Atlassian Corporation PLC will post 0.81 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TEAM shares. Morgan Stanley decreased their price objective on shares of Atlassian from $290.00 to $120.00 and set an “overweight” rating on the stock in a research note on Thursday, April 16th. Piper Sandler cut their target price on shares of Atlassian from $200.00 to $175.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. Oppenheimer cut their target price on shares of Atlassian from $150.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, April 17th. Guggenheim set a $115.00 price target on shares of Atlassian in a report on Thursday, April 9th. Finally, KeyCorp cut their price target on shares of Atlassian from $170.00 to $130.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Atlassian currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.26.

Trending Headlines about Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Zacks Research upgraded Atlassian from “hold” to “strong-buy,” adding to bullish sentiment around the stock. Zacks.com
• Positive Sentiment: BTIG Research raised its price target on Atlassian to $130 from $120 and reiterated a “buy” rating, signaling confidence in further upside. Benzinga
• Positive Sentiment: Barclays lifted its price target to $112 from $106 and kept an “overweight” rating, saying Atlassian’s annual recurring revenue disclosure supports the enterprise growth case. Article
• Positive Sentiment: Atlassian unveiled “Flex,” a new commercial model designed to help large customers adopt and scale its AI-powered platform more easily, which could improve enterprise sales and retention. Article
• Positive Sentiment: Atlassian also highlighted new AI-focused products and the expansion of Rovo/Teamwork Graph, reinforcing the narrative that the company is gaining traction in AI-driven workflow automation. Article
• Neutral Sentiment: Several articles discussed Atlassian’s Team ’26 conference and long-term performance, but these were mostly commentary rather than fresh catalysts. Article

About Atlassian

Atlassian Corporation Plc is a software company headquartered in Sydney, Australia, best known for developing collaboration, project management and software development tools. Founded in 2002 by Mike Cannon-Brookes and Scott Farquhar, Atlassian grew from a small engineering-focused team into a publicly traded company after its initial public offering in 2015. The company serves a global customer base that spans small teams to large enterprises across technology, financial services, government and other sectors.

Atlassian’s product portfolio centers on tools designed to help teams plan, build and support software and business processes.