3,986 Shares in Atlassian Corporation PLC $TEAM Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new stake in Atlassian Corporation PLC (NASDAQ:TEAM) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 3,986 shares of the technology company’s stock, valued at approximately $310,000.

Other institutional investors have also recently modified their holdings of the company. MV Capital Management Inc. bought a new position in shares of Atlassian in the fourth quarter worth $25,000. Geneos Wealth Management Inc. lifted its position in Atlassian by 447.2% during the first quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock worth $42,000 after purchasing an additional 161 shares during the period. Basepoint Wealth LLC acquired a new stake in Atlassian during the fourth quarter worth about $32,000. Garton & Associates Financial Advisors LLC acquired a new stake in Atlassian during the fourth quarter worth about $32,000. Finally, VSM Wealth Advisory LLC bought a new position in Atlassian in the 4th quarter valued at about $41,000. 94.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TEAM. FBN Securities reaffirmed an “outperform” rating and set a $170.00 price target on shares of Atlassian in a report on Monday, August 10th. Weiss Ratings restated a “sell (e+)” rating on shares of Atlassian in a research report on Friday, July 17th. KeyCorp upped their target price on Atlassian from $115.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Truist Financial raised their target price on Atlassian from $160.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $126.00 price target on shares of Atlassian in a report on Monday, August 3rd. Twenty-five research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Atlassian has an average rating of “Moderate Buy” and a consensus price target of $183.81.

Insider Activity at Atlassian

In related news, CRO Brian Duffy sold 1,851 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $172.45, for a total transaction of $319,204.95. Following the sale, the executive owned 218,223 shares in the company, valued at $37,632,556.35. The trade was a 0.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Gene Liu sold 939 shares of the company’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $190.00, for a total value of $178,410.00. Following the completion of the transaction, the chief accounting officer directly owned 55,868 shares of the company’s stock, valued at approximately $10,614,920. The trade was a 1.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 31,288 shares of company stock valued at $4,597,259 in the last 90 days. 36.66% of the stock is owned by corporate insiders.

Key Stories Impacting Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: BTIG raised its price target to $230 from $180 and upgraded Atlassian to “buy,” implying further upside from the referenced price. The firm’s view supports continued confidence in Atlassian’s growth prospects. BTIG Atlassian price target report
• Positive Sentiment: Brokerages collectively assign Atlassian an average “moderate buy” rating, indicating that analysts remain broadly constructive despite the stock’s sharp advance. Atlassian moderate buy rating
• Positive Sentiment: Software stocks, including Atlassian, benefited from renewed sector momentum after Treasury yields pulled back and Snowflake reported strong second-quarter results. Lower yields can support high-growth technology valuations. Software stocks gain on lower yields and Snowflake results
• Neutral Sentiment: Komatsu and the Atlassian Williams F1 Team extended their global partnership beyond 2026, expanding technical collaboration, engineering initiatives and talent development. The agreement reinforces brand visibility but is unlikely to materially change near-term financial results. Komatsu and Atlassian Williams F1 partnership renewal
• Neutral Sentiment: Options-market activity has drawn attention, with reports suggesting traders may be positioning for a notable move in TEAM. However, the available reports do not establish whether the activity is bullish or bearish. Atlassian options activity
• Negative Sentiment: Atlassian’s roughly 85% three-month surge has raised profit-taking concerns. Analysts highlighted rising AI-related costs and a premium valuation, leaving the stock vulnerable if growth does not accelerate enough to justify its price. Atlassian stock surge and valuation risks
• Negative Sentiment: A sharp rise in Treasury yields and higher crude oil prices renewed inflation concerns, pressuring software and other growth stocks. This broader macro backdrop likely contributed to Atlassian’s recent decrease. Software stocks fall on higher yields and oil prices

Atlassian Price Performance

Shares of NASDAQ:TEAM opened at $189.58 on Friday. The company has a market cap of $48.11 billion, a price-to-earnings ratio of -997.79, a PEG ratio of 15.30 and a beta of 1.15. 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 firm has a 50 day simple moving average of $126.01 and a 200 day simple moving average of $95.61. Atlassian Corporation PLC has a one year low of $56.01 and a one year high of $198.60.

Atlassian (NASDAQ:TEAM) last issued its earnings results on Friday, August 7th. The technology company reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.37. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.66 billion. Atlassian had a negative net margin of 0.82% and a positive return on equity of 20.99%. The company’s quarterly revenue was up 27.6% on a year-over-year basis. During the same quarter last year, the business posted $0.98 earnings per share. Research analysts predict that Atlassian Corporation PLC will post 0.94 earnings per share for the current fiscal year.

Atlassian Company Profile

Atlassian Corporation Plc is a software company headquartered in Sydney, Australia, best known for developing collaboration, project management and software development tools. Founded in 2002 by Mike Cannon-Brookes and Scott Farquhar, Atlassian grew from a small engineering-focused team into a publicly traded company after its initial public offering in 2015. The company serves a global customer base that spans small teams to large enterprises across technology, financial services, government and other sectors.

Atlassian’s product portfolio centers on tools designed to help teams plan, build and support software and business processes.