Janus Henderson Group PLC Has $1.18 Million Stock Holdings in Atlassian Corporation PLC $TEAM

Janus Henderson Group PLC lowered its holdings in Atlassian Corporation PLC (NASDAQ:TEAM) by 99.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 17,351 shares of the technology company’s stock after selling 1,702,916 shares during the period. Janus Henderson Group PLC’s holdings in Atlassian were worth $1,184,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Oddo BHF Asset Management Sas boosted its position in shares of Atlassian by 171.3% in the first quarter. Oddo BHF Asset Management Sas now owns 289,808 shares of the technology company’s stock valued at $19,779,000 after acquiring an additional 182,973 shares during the period. Bull Harbor Capital LLC acquired a new position in Atlassian during the 1st quarter valued at $614,000. Quantinno Capital Management LP boosted its holdings in Atlassian by 947.7% in the 1st quarter. Quantinno Capital Management LP now owns 283,427 shares of the technology company’s stock valued at $19,344,000 after purchasing an additional 256,374 shares during the period. Weiss Asset Management LP bought a new stake in Atlassian in the 1st quarter valued at $4,047,000. Finally, OMERS ADMINISTRATION Corp grew its position in Atlassian by 26.1% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 24,119 shares of the technology company’s stock worth $1,646,000 after purchasing an additional 4,997 shares during the last quarter. 94.45% of the stock is owned by institutional investors.

Atlassian Price Performance

NASDAQ:TEAM opened at $149.07 on Monday. The firm has a market cap of $37.83 billion, a PE ratio of -784.58, a price-to-earnings-growth ratio of 10.70 and a beta of 1.05. Atlassian Corporation PLC has a 12 month low of $56.01 and a 12 month high of $184.00. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.13. The company’s 50-day moving average price is $93.01 and its two-hundred day moving average price is $86.70.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings data on Thursday, August 6th. The technology company reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.37. Atlassian had a negative net margin of 0.82% and a positive return on equity of 20.07%. The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same quarter last year, the business posted $0.98 earnings per share. The company’s revenue was up 27.6% on a year-over-year basis. On average, equities analysts anticipate that Atlassian Corporation PLC will post 0.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TEAM. Oppenheimer increased their target price on shares of Atlassian from $110.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday. Robert W. Baird set a $200.00 price target on Atlassian in a research note on Friday. UBS Group reiterated a “neutral” rating and issued a $160.00 price objective on shares of Atlassian in a research report on Friday. Wall Street Zen lowered Atlassian from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 30th. Finally, Wells Fargo & Company boosted their price objective on Atlassian from $140.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday. Twenty-three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Atlassian presently has a consensus rating of “Moderate Buy” and a consensus price target of $172.88.

Insiders Place Their Bets

In other news, CFO James Chuong sold 8,838 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $87.75, for a total value of $775,534.50. Following the completion of the sale, the chief financial officer directly owned 288,272 shares in the company, valued at approximately $25,295,868. This trade represents a 2.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Brian Duffy sold 3,000 shares of Atlassian stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $89.71, for a total value of $269,130.00. Following the completion of the transaction, the executive directly owned 227,691 shares of the company’s stock, valued at $20,426,159.61. This represents a 1.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 20,041 shares of company stock valued at $1,801,069 over the last ninety days. Insiders own 36.66% of the company’s stock.

Trending Headlines about Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Results exceeded expectations: Atlassian reported adjusted earnings of $1.87 per share, versus the $1.50 consensus estimate, while revenue rose 27.6% year over year to $1.77 billion, ahead of the $1.66 billion forecast. Atlassian beats quarterly estimates on strong cloud demand
• Positive Sentiment: Cloud and enterprise momentum supported the rally: Cloud revenue grew 31% to $1.21 billion, Data Center revenue topped estimates, and the company cited record large enterprise contracts, strong subscription demand and rising adoption of its AI-powered Rovo platform. TEAM Q4 Earnings Call Highlights AI and Enterprise Momentum
• Positive Sentiment: Fiscal 2027 guidance was viewed favorably: Management’s cloud revenue outlook exceeded expectations, and first-quarter revenue guidance of approximately $1.7 billion was above or in line with consensus, reinforcing confidence in continued growth. Atlassian earnings beat drives 30% stock surge
• Positive Sentiment: Analyst support strengthened: Bank of America upgraded TEAM to Buy with a $175 target, while BMO raised its target to $175 and Oppenheimer lifted its target to $200 with an Outperform rating. Unusually heavy call-option activity also reflected bullish near-term positioning.
• Neutral Sentiment: Atlassian’s results were interpreted as a potential turning point for software stocks broadly, suggesting investors may again be rewarding solid fundamentals despite AI-disruption concerns. Software Stocks Trade Like It’s 2022 After Atlassian Leads Earnings Rally
• Negative Sentiment: The company still faces external uncertainty, and the sharp rebound leaves TEAM trading near the upper end of its recent range, increasing the risk of profit-taking if cloud growth or AI adoption slows.

Atlassian Company Profile

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.