Arista Wealth Management LLC Makes New $207,000 Investment in Atlassian Corporation PLC $TEAM

Arista Wealth Management LLC purchased a new position in Atlassian Corporation PLC (NASDAQ:TEAM) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,020 shares of the technology company’s stock, valued at approximately $207,000.

A number of other institutional investors have also bought and sold shares of the business. Stratos Wealth Partners LTD. increased its stake in Atlassian by 24.8% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 5,103 shares of the technology company’s stock worth $1,036,000 after buying an additional 1,013 shares in the last quarter. Nordea Investment Management AB grew its position in shares of Atlassian by 1,169.0% during the second quarter. Nordea Investment Management AB now owns 600,149 shares of the technology company’s stock valued at $121,998,000 after purchasing an additional 552,856 shares in the last quarter. Stableford Capital II LLC purchased a new position in shares of Atlassian during the second quarter valued at about $851,000. Aware Super Pty Ltd as trustee of Aware Super purchased a new position in shares of Atlassian during the second quarter valued at about $15,266,000. Finally, Allianz Asset Management GmbH grew its position in shares of Atlassian by 28.6% during the second quarter. Allianz Asset Management GmbH now owns 102,194 shares of the technology company’s stock valued at $20,755,000 after purchasing an additional 22,701 shares in the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Wall Street Analyst Weigh In

TEAM has been the subject of a number of research analyst reports. BMO Capital Markets cut their price objective on Atlassian from $225.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Barclays cut their price objective on Atlassian from $244.00 to $215.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Canaccord Genuity Group cut their price objective on Atlassian from $255.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, August 8th. Capital One Financial lowered Atlassian from an “overweight” rating to an “equal weight” rating and set a $211.00 price objective for the company. in a research report on Wednesday, July 16th. Finally, KeyCorp cut their price objective on Atlassian from $275.00 to $250.00 and set an “overweight” rating for the company in a research report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Atlassian presently has an average rating of “Moderate Buy” and a consensus price target of $248.74.

Atlassian Stock Up 1.2%

Shares of NASDAQ TEAM opened at $151.95 on Friday. The firm has a 50-day simple moving average of $164.28 and a two-hundred day simple moving average of $190.44. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.22 and a quick ratio of 1.22. Atlassian Corporation PLC has a 1 year low of $144.32 and a 1 year high of $326.00. The company has a market cap of $39.86 billion, a P/E ratio of -153.48 and a beta of 0.92.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings results 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. Atlassian had a negative net margin of 4.92% and a negative return on equity of 14.77%. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the firm posted $0.66 earnings per share. The company’s revenue was up 22.3% on a year-over-year basis. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Research analysts anticipate that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Insider Activity at Atlassian

In other news, Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $151.83, for a total transaction of $1,163,776.95. Following the completion of the sale, the director owned 398,580 shares of the company’s stock, valued at approximately $60,516,401.40. The trade was a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $151.83, for a total transaction of $1,163,776.95. Following the sale, the chief executive officer directly owned 398,580 shares of the company’s stock, valued at $60,516,401.40. This represents a 1.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 551,608 shares of company stock valued at $94,572,077 in the last ninety days. Insiders own 38.55% of the company’s stock.

Atlassian Company 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.