Chicago Capital LLC Grows Stock Holdings in Atlassian Corporation PLC $TEAM

Chicago Capital LLC grew its holdings in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 7.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,710 shares of the technology company’s stock after purchasing an additional 120 shares during the period. Chicago Capital LLC’s holdings in Atlassian were worth $347,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of TEAM. Wealth Enhancement Advisory Services LLC raised its holdings in Atlassian by 62.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,567 shares of the technology company’s stock worth $3,059,000 after buying an additional 4,837 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Atlassian by 82.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 243 shares of the technology company’s stock worth $52,000 after buying an additional 110 shares during the last quarter. Versant Capital Management Inc raised its holdings in Atlassian by 77.9% in the 1st quarter. Versant Capital Management Inc now owns 386 shares of the technology company’s stock worth $82,000 after acquiring an additional 169 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Atlassian by 41,683.4% in the first quarter. GAMMA Investing LLC now owns 121,172 shares of the technology company’s stock worth $25,714,000 after purchasing an additional 120,882 shares during the last quarter. Finally, Harbor Investment Advisory LLC raised its stake in shares of Atlassian by 18.1% in the first quarter. Harbor Investment Advisory LLC now owns 1,402 shares of the technology company’s stock worth $298,000 after purchasing an additional 215 shares during the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Truist Financial set a $230.00 target price on Atlassian in a research report on Friday, August 8th. Canaccord Genuity Group reduced their target price on shares of Atlassian from $255.00 to $230.00 and set a “buy” rating for the company in a report on Friday, August 8th. Barclays reduced their target price on shares of Atlassian from $244.00 to $215.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Oppenheimer reduced their target price on shares of Atlassian from $300.00 to $275.00 and set an “outperform” rating for the company in a report on Monday, July 21st. Finally, Zacks Research upgraded Atlassian from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $248.74.

Insider Activity

In other Atlassian news, Director Scott Farquhar sold 7,665 shares of the stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $166.36, for a total transaction of $1,275,149.40. Following the completion of the sale, the director directly owned 7,665 shares of the company’s stock, valued at $1,275,149.40. This trade represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the firm’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $166.36, for a total transaction of $1,275,149.40. Following the transaction, the chief executive officer directly owned 7,665 shares of the company’s stock, valued at $1,275,149.40. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 551,608 shares of company stock valued at $100,164,461 in the last quarter. 38.55% of the stock is currently owned by company insiders.

Atlassian Stock Performance

Shares of NASDAQ TEAM opened at $159.70 on Wednesday. Atlassian Corporation PLC has a 1 year low of $155.37 and a 1 year high of $326.00. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market cap of $41.89 billion, a PE ratio of -161.31 and a beta of 0.95. The firm has a fifty day moving average price of $174.76 and a 200-day moving average price of $196.92.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings results on Thursday, August 7th. The technology company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Atlassian had a negative return on equity of 14.77% and a negative net margin of 4.92%.The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the business posted $0.66 EPS. Atlassian’s revenue for the quarter was up 22.3% compared to the same quarter last year. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Equities analysts anticipate that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Atlassian 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.