6,130 Shares of Atlassian Corporation PLC $TEAM Purchased by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC acquired a new position in shares of Atlassian Corporation PLC (NASDAQ:TEAM) in the 3rd quarter, HoldingsChannel reports. The firm acquired 6,130 shares of the technology company’s stock, valued at approximately $1,084,000.

Other hedge funds have also made changes to their positions in the company. Fortitude Family Office LLC raised its stake in Atlassian by 23.0% in the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the technology company’s stock valued at $52,000 after purchasing an additional 54 shares during the last quarter. Activest Wealth Management boosted its stake in Atlassian by 372.4% during the 3rd quarter. Activest Wealth Management now owns 137 shares of the technology company’s stock worth $25,000 after purchasing an additional 108 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Atlassian by 3.0% during the third quarter. Parallel Advisors LLC now owns 3,851 shares of the technology company’s stock worth $690,000 after buying an additional 112 shares in the last quarter. Greenleaf Trust grew its holdings in shares of Atlassian by 3.7% during the third quarter. Greenleaf Trust now owns 3,225 shares of the technology company’s stock worth $578,000 after buying an additional 114 shares in the last quarter. Finally, Frank Rimerman Advisors LLC grew its holdings in shares of Atlassian by 3.7% during the third quarter. Frank Rimerman Advisors LLC now owns 3,228 shares of the technology company’s stock worth $579,000 after buying an additional 115 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on TEAM shares. Mizuho raised their target price on shares of Atlassian from $215.00 to $235.00 and gave the stock an “outperform” rating in a research note on Thursday, October 15th. Royal Bank Of Canada upped their price target on Atlassian from $215.00 to $235.00 and gave the company an “outperform” rating in a research report on Monday, October 12th. KeyCorp increased their price target on Atlassian from $185.00 to $235.00 and gave the company an “overweight” rating in a report on Monday, October 19th. Raymond James Financial set a $180.00 price objective on Atlassian in a research report on Friday, August 7th. Finally, Robert W. Baird boosted their price objective on Atlassian from $200.00 to $245.00 and gave the stock an “outperform” rating in a research note on Monday, September 28th. Twenty-four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $209.48.

Insider Activity at Atlassian

In other Atlassian news, CAO Gene Liu sold 1,125 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $175.00, for a total transaction of $196,875.00. Following the completion of the sale, the chief accounting officer owned 56,807 shares of the company’s stock, valued at $9,941,225. This trade represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James Chuong sold 9,054 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $172.45, for a total value of $1,561,362.30. Following the sale, the chief financial officer directly owned 279,218 shares of the company’s stock, valued at approximately $48,151,144.10. This trade represents a 3.14% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 22,475 shares of company stock worth $3,822,643. Insiders own 37.63% of the company’s stock.

Key Headlines Impacting Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Atlassian beat fiscal Q1 2027 estimates for revenue, earnings and cloud growth. Citigroup and Barclays still rate the stock Buy and Overweight, respectively, despite lowering their targets to $220 and $210—both above the cited $154.90 share price. Atlassian Tanks After Huge Run as Guidance Disappoints, But Strength Remains
• Positive Sentiment: Truist reiterated its Buy rating, and another analyst raised its price target to $190, offering some counterweight to the broader set of target cuts. Truist Buy Rating Reiterated Price Target Raised to $190
• Neutral Sentiment: Technical commentary describes the stock as oversold, with a possible bounce facing heavy overhead supply—suggesting any recovery could encounter resistance. Oversold Bounce Test Meets Heavy Overhead Supply
• Negative Sentiment: Despite the earnings beat, management’s guidance implied slowing growth, triggering a sharp post-results selloff. Several analysts also reduced price targets, reflecting increased caution about the growth outlook. Guidance Disappointment and Analyst Revisions

Atlassian Price Performance

Shares of TEAM stock opened at $154.90 on Tuesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market capitalization of $39.21 billion, a PE ratio of 430.29, a price-to-earnings-growth ratio of 20.25 and a beta of 1.16. The firm’s 50-day moving average is $195.34 and its two-hundred day moving average is $119.74. Atlassian Corporation PLC has a 12 month low of $56.01 and a 12 month high of $229.96.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings results on Thursday, November 5th. The technology company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.26. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Atlassian had a negative net margin of 0.82% and a positive return on equity of 20.99%. The business’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.04 EPS. Analysts predict that Atlassian Corporation PLC will post 0.66 earnings per share for the current year.

About Atlassian

Atlassian Corporation develops collaboration and productivity software for software, IT and business teams. Its products help organizations plan and track work, manage software development and support services, and share information across teams.

Its product portfolio includes Jira for project and issue tracking, Confluence for team documentation and collaboration, Jira Service Management for IT and other service teams, Trello for visual work management, and Bitbucket for code collaboration.