Vise Technologies Inc. Makes New Investment in Atlassian Corporation PLC $TEAM

Vise Technologies Inc. bought a new stake in Atlassian Corporation PLC (NASDAQ:TEAM) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,301 shares of the technology company’s stock, valued at approximately $670,000.

Other large investors also recently bought and sold shares of the company. Allworth Financial LP grew its stake in shares of Atlassian by 68.7% during the second quarter. Allworth Financial LP now owns 2,600 shares of the technology company’s stock worth $528,000 after purchasing an additional 1,059 shares in the last quarter. Illinois Municipal Retirement Fund increased its holdings in shares of Atlassian by 8.1% in the 2nd quarter. Illinois Municipal Retirement Fund now owns 76,137 shares of the technology company’s stock valued at $15,463,000 after acquiring an additional 5,696 shares during the last quarter. ProShare Advisors LLC raised its position in shares of Atlassian by 4.1% during the 2nd quarter. ProShare Advisors LLC now owns 225,133 shares of the technology company’s stock worth $45,722,000 after acquiring an additional 8,868 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Atlassian by 3,105.6% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 140,758 shares of the technology company’s stock worth $28,587,000 after purchasing an additional 136,367 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Atlassian by 9.9% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 155,516 shares of the technology company’s stock valued at $31,584,000 after purchasing an additional 13,984 shares in the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Analyst Ratings Changes

TEAM has been the topic of several research analyst reports. Cowen reaffirmed a “hold” rating on shares of Atlassian in a research report on Monday, October 27th. Barclays decreased their price target on shares of Atlassian from $244.00 to $215.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. Sanford C. Bernstein dropped their price objective on shares of Atlassian from $296.00 to $290.00 and set an “outperform” rating on the stock in a research note on Friday, October 31st. Stephens decreased 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. Finally, Macquarie dropped their price target on Atlassian from $250.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Atlassian currently has an average rating of “Moderate Buy” and an average target price of $239.44.

Insider Activity

In other Atlassian news, Director Scott Farquhar sold 7,665 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $171.13, for a total transaction of $1,311,711.45. Following the transaction, the director owned 168,630 shares of the company’s stock, valued at $28,857,651.90. This trade represents a 4.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $171.13, for a total value of $1,311,711.45. Following the completion of the transaction, the chief executive officer directly owned 168,630 shares in the company, valued at $28,857,651.90. This trade represents a 4.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have bought 4,497 shares of company stock worth $742,375 and have sold 536,550 shares worth $87,979,943. Corporate insiders own 36.66% of the company’s stock.

Atlassian Price Performance

Atlassian stock opened at $152.05 on Friday. The firm has a market capitalization of $40.01 billion, a PE ratio of -214.15, a P/E/G ratio of 36.88 and a beta of 0.95. Atlassian Corporation PLC has a 52 week low of $144.32 and a 52 week high of $326.00. The firm’s 50-day simple moving average is $161.93 and its 200 day simple moving average is $185.00. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.72.

Atlassian (NASDAQ:TEAM) last announced its earnings results on Thursday, October 30th. The technology company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.21. Atlassian had a negative return on equity of 7.11% and a negative net margin of 3.38%.The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the prior year, the firm earned $0.77 EPS. Atlassian’s quarterly revenue was up 20.6% on a year-over-year basis. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. On average, equities research analysts predict that Atlassian Corporation PLC will post -0.34 EPS 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.