Atlassian Corporation PLC $TEAM Shares Sold by US Bancorp DE

US Bancorp DE reduced its stake in Atlassian Corporation PLC (NASDAQ:TEAM) by 7.7% in the second quarter, HoldingsChannel reports. The fund owned 23,032 shares of the technology company’s stock after selling 1,925 shares during the quarter. US Bancorp DE’s holdings in Atlassian were worth $4,678,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in TEAM. Farther Finance Advisors LLC lifted its stake in shares of Atlassian by 37.7% in the 1st quarter. Farther Finance Advisors LLC now owns 369 shares of the technology company’s stock worth $80,000 after acquiring an additional 101 shares during the period. Yousif Capital Management LLC lifted its stake in Atlassian by 2.9% during the first quarter. Yousif Capital Management LLC now owns 2,063 shares of the technology company’s stock valued at $438,000 after purchasing an additional 58 shares during the last quarter. GAMMA Investing LLC lifted its stake in Atlassian by 96.9% during the first quarter. GAMMA Investing LLC now owns 571 shares of the technology company’s stock valued at $121,000 after purchasing an additional 281 shares during the last quarter. Simon Quick Advisors LLC acquired a new stake in Atlassian during the first quarter valued at approximately $266,000. Finally, NorthCrest Asset Manangement LLC acquired a new stake in Atlassian during the first quarter valued at approximately $439,000. 94.45% of the stock is owned by institutional investors and hedge funds.

Atlassian Stock Up 3.3%

TEAM stock opened at $149.39 on Tuesday. The firm has a market capitalization of $39.19 billion, a P/E ratio of -150.90 and a beta of 0.92. 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 company’s 50 day simple moving average is $166.31 and its 200-day simple moving average is $191.84. Atlassian Corporation PLC has a 52-week low of $144.32 and a 52-week high of $326.00.

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

Wall Street Analyst Weigh In

Several analysts recently commented on TEAM shares. Oppenheimer cut their target price on shares of Atlassian from $300.00 to $275.00 and set an “outperform” rating for the company in a research note on Monday, July 21st. Stephens cut their target price on shares of Atlassian from $221.00 to $202.00 and set an “equal weight” rating for the company in a research note on Monday, August 11th. KeyCorp cut their target price on shares of Atlassian from $275.00 to $250.00 and set an “overweight” rating for the company in a research note on Thursday, July 17th. Cantor Fitzgerald cut their target price on shares of Atlassian from $256.00 to $240.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. Finally, Canaccord Genuity Group cut their price target on shares of Atlassian from $255.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.74.

Insider Buying and Selling at Atlassian

In other Atlassian news, CEO Michael Cannon-Brookes sold 7,665 shares of the company’s stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $202.05, for a total value of $1,548,713.25. Following the transaction, the chief executive officer owned 344,925 shares in the company, valued at approximately $69,692,096.25. This represents a 2.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Scott Farquhar sold 7,665 shares of the company’s stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $202.55, for a total transaction of $1,552,545.75. Following the completion of the transaction, the director owned 352,590 shares in the company, valued at approximately $71,417,104.50. This represents a 2.13% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 551,608 shares of company stock worth $95,837,569. 38.55% of the stock is currently owned by company insiders.

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.