Ethic Inc. Has $1.40 Million Stock Position in Atlassian Corporation PLC $TEAM

Ethic Inc. trimmed its position in Atlassian Corporation PLC (NASDAQ:TEAM) by 1.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,939 shares of the technology company’s stock after selling 115 shares during the quarter. Ethic Inc.’s holdings in Atlassian were worth $1,404,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in TEAM. Nuveen LLC purchased a new stake in shares of Atlassian in the first quarter worth approximately $327,665,000. AQR Capital Management LLC lifted its position in shares of Atlassian by 145.6% in the first quarter. AQR Capital Management LLC now owns 1,715,287 shares of the technology company’s stock worth $354,858,000 after purchasing an additional 1,016,902 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Atlassian by 21.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,440,813 shares of the technology company’s stock worth $730,175,000 after purchasing an additional 616,071 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Atlassian by 3.5% in the first quarter. Vanguard Group Inc. now owns 16,993,537 shares of the technology company’s stock worth $3,606,198,000 after purchasing an additional 580,583 shares in the last quarter. Finally, Baillie Gifford & Co. lifted its position in shares of Atlassian by 7.1% in the first quarter. Baillie Gifford & Co. now owns 8,694,755 shares of the technology company’s stock worth $1,845,114,000 after purchasing an additional 573,696 shares in the last quarter. 94.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TEAM has been the subject of a number of research analyst reports. Stephens reduced their price target on shares of Atlassian from $221.00 to $202.00 and set an “equal weight” rating for the company in a research report on Monday, August 11th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Atlassian in a research note on Friday. Guggenheim began coverage on shares of Atlassian in a research note on Thursday, September 11th. They issued a “buy” rating and a $225.00 target price for the company. Citigroup restated a “buy” rating on shares of Atlassian in a research note on Wednesday. Finally, Mizuho reduced their price objective on shares of Atlassian from $265.00 to $235.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $245.26.

Atlassian Trading Down 1.4%

Shares of TEAM stock opened at $162.64 on Friday. Atlassian Corporation PLC has a 1 year low of $144.32 and a 1 year high of $326.00. The firm’s fifty day simple moving average is $164.49 and its 200 day simple moving average is $189.39. The firm has a market capitalization of $42.67 billion, a P/E ratio of -164.28 and a beta of 0.92. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.73.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings results on Thursday, August 7th. The technology company reported $0.98 earnings per share (EPS) 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 business’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.66 EPS. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, sell-side analysts predict that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Insider Buying and Selling at Atlassian

In other Atlassian news, Director Scott Farquhar sold 7,665 shares of the business’s stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $169.16, for a total value of $1,296,611.40. Following the sale, the director owned 360,255 shares of the company’s stock, valued at $60,940,735.80. The trade was a 2.08% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the company’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $169.16, for a total transaction of $1,296,611.40. Following the completion of the sale, the chief executive officer directly owned 360,255 shares in the company, valued at approximately $60,940,735.80. The trade was a 2.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 551,608 shares of company stock worth $92,691,699 in the last three months. Insiders own 36.66% of the company’s stock.

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.