HB Wealth Management LLC Purchases 2,497 Shares of Atlassian Corporation PLC $TEAM

HB Wealth Management LLC lifted its position in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 31.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,347 shares of the technology company’s stock after purchasing an additional 2,497 shares during the period. HB Wealth Management LLC’s holdings in Atlassian were worth $2,101,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Clean Yield Group increased its stake in Atlassian by 372.0% in the 1st quarter. Clean Yield Group now owns 118 shares of the technology company’s stock valued at $25,000 after buying an additional 93 shares during the last quarter. Smithfield Trust Co grew its holdings in shares of Atlassian by 90.7% in the first quarter. Smithfield Trust Co now owns 164 shares of the technology company’s stock valued at $34,000 after acquiring an additional 78 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Atlassian by 447.2% during the first quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock valued at $42,000 after acquiring an additional 161 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in Atlassian by 25.9% during the first quarter. First Horizon Advisors Inc. now owns 267 shares of the technology company’s stock worth $57,000 after acquiring an additional 55 shares during the period. Finally, State of Wyoming boosted its position in Atlassian by 20.3% in the first quarter. State of Wyoming now owns 278 shares of the technology company’s stock worth $59,000 after purchasing an additional 47 shares during the last quarter. 94.45% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Stephens lowered their target price on Atlassian from $221.00 to $202.00 and set an “equal weight” rating on the stock in a research note on Monday, August 11th. Capital One Financial lowered shares of Atlassian from an “overweight” rating to an “equal weight” rating and set a $211.00 price objective on the stock. in a research report on Wednesday, July 16th. Raymond James Financial dropped their target price on shares of Atlassian from $300.00 to $250.00 and set an “outperform” rating on the stock in a research note on Friday, August 8th. Mizuho decreased their price target 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. Finally, Citigroup dropped their price objective on Atlassian from $300.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Atlassian currently has an average rating of “Moderate Buy” and an average price target of $248.74.

Insider Activity

In other news, CEO Michael Cannon-Brookes sold 7,665 shares of the stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $152.50, for a total value of $1,168,912.50. Following the sale, the chief executive officer directly owned 482,895 shares of the company’s stock, valued at approximately $73,641,487.50. This represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Scott Belsky acquired 1,566 shares of Atlassian stock in a transaction that occurred on Wednesday, October 1st. The shares were purchased at an average cost of $153.10 per share, with a total value of $239,754.60. Following the purchase, the director owned 3,021 shares of the company’s stock, valued at $462,515.10. This represents a 107.63% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 551,608 shares of company stock worth $99,222,126 over the last ninety days. Company insiders own 38.55% of the company’s stock.

Atlassian Stock Up 1.0%

Atlassian stock opened at $151.05 on Friday. The firm has a 50 day simple moving average of $172.72 and a 200 day simple moving average of $196.11. 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 Corporation PLC has a 1-year low of $147.40 and a 1-year high of $326.00. The firm has a market capitalization of $39.62 billion, a price-to-earnings ratio of -152.57 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 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Atlassian had a negative return on equity of 14.77% and a negative net margin of 4.92%.The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period last year, the company earned $0.66 earnings per share. The business’s revenue for the quarter was up 22.3% on a year-over-year basis. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, analysts predict that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

About Atlassian

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.