Baillie Gifford Adds $136M in Atlassian Corporation ($TEAM)
Key Points
- Baillie Gifford changed its Atlassian Corporation ($TEAM) stake by 18.2% last quarter, boosting to 9,963,439 shares worth $882.26 million.
- Wall Street's consensus rating on $TEAM is Buy and an average price target of $144.71.
- $TEAM last traded around $88.55.
Baillie Gifford increased its position in Atlassian Corporation ($TEAM) by 18.2% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,963,439 shares of Atlassian Corporation after buying 1,531,637 shares during the quarter. Baillie Gifford's holdings in Atlassian Corporation were worth $882.26 million as of its most recent filing.
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About Atlassian Corporation
Atlassian Corporation provides a collaboration software that enables organizations to connect all teams through a system of work that unlocks productivity at scale worldwide. Its product portfolio includes Jira, a project management platform for planning, tracking, and managing work; Confluence, a connected workspace to create, organize, and share team knowledge, documents, and collaboration content; Loom, an asynchronous video communication tool to record and share videos; Jira Service Management, an intuitive service management solution for IT, HR, and other teams; and Rovo, an AI offering that assists teams with its Search, Chat and Agent capabilities. The company also offers Bitbucket, a git-based source code management platform for professional development teams; Compass, a developer portal that provides a unified view of engineering components; Jira Product Discovery, a tool to capture, prioritize, and roadmap product ideas; Jira Align, an enterprise agility solution that connects business and technology teams to align strategy with execution; Focus, a strategy hub for leadership teams; and Talent, a workforce planning app. In addition, it provides Trello, an AI-powered personal productivity tool; and Guard, an app for detecting and responding to security threats. The company has a strategic collaboration with Mattermost, Inc. for the development of Mattermost Docs, a sovereign, self-hosted successor to Confluence for defense, intelligence, and critical infrastructure organizations. The company was founded in 2002 and is headquartered in Sydney, Australia.
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