NEOS Investment Management LLC Increases Position in Atlassian Corporation PLC $TEAM

NEOS Investment Management LLC raised its holdings in Atlassian Corporation PLC (NASDAQ:TEAM) by 78.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,321 shares of the technology company’s stock after buying an additional 23,025 shares during the quarter. NEOS Investment Management LLC’s holdings in Atlassian were worth $8,356,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capco Asset Management LLC purchased a new position in shares of Atlassian in the 2nd quarter valued at $25,000. Physician Wealth Advisors Inc. boosted its holdings in shares of Atlassian by 60.4% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock valued at $26,000 after buying an additional 61 shares during the period. Atlantic Union Bankshares Corp raised its position in shares of Atlassian by 19,900.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company’s stock worth $32,000 after purchasing an additional 199 shares during the period. Geneos Wealth Management Inc. grew 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 worth $42,000 after acquiring an additional 161 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Atlassian during the third quarter valued at approximately $57,000. Institutional investors and hedge funds own 94.45% of the company’s stock.

Atlassian Trading Up 1.8%

Shares of TEAM stock opened at $83.61 on Thursday. The firm has a 50-day moving average price of $133.10 and a 200 day moving average price of $151.98. Atlassian Corporation PLC has a 12-month low of $80.40 and a 12-month high of $315.03. The company has a market capitalization of $22.05 billion, a P/E ratio of -116.12, a P/E/G ratio of 68.57 and a beta of 0.88. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.62.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings data on Thursday, February 5th. The technology company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.10. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Atlassian had a negative net margin of 3.29% and a negative return on equity of 6.33%. Atlassian’s revenue was up 23.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.96 EPS. Research analysts forecast that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

More Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Atlassian named LinkedIn veteran James Chuong as its new chief financial officer, effective March 30 — a leadership move that can stabilize investor confidence and support financial strategy execution. Article Title Article Title
• Positive Sentiment: Analysts/commentators are calling TEAM “highly oversold,” prompting buy-the-dip interest from traders and value-oriented investors looking to add exposure around current levels. Article Title
• Neutral Sentiment: Coverage is reframing Atlassian after a recent “fair value reset,” which is shifting investor narratives from growth multiple expansion to selective re-valuation — this can increase volatility as market participants re-price expectations. Article Title
• Neutral Sentiment: Discussion that Atlassian’s AI transition is pressuring near-term sentiment but could support a longer-term thesis — mixed implications for trading vs. long-term holders. Article Title
• Neutral Sentiment: Broader software/AI weakness (illustrated by Palo Alto Networks’ stock reaction and cautious guidance) is keeping a lid on software multiples and could pressure peer stocks including TEAM. Article Title
• Neutral Sentiment: Other items in the newsfeed — token PR (Atlassian Williams F1 tickets) and ambiguous short-interest reporting — are unlikely to move fundamentals materially. Article Title
• Negative Sentiment: Pomerantz LLP launched an investor investigation into Atlassian, which introduces legal/ reputational risk and can increase downside pressure or volatility if it develops into formal litigation. Article Title

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Piper Sandler reiterated an “overweight” rating and set a $200.00 price objective (down previously from $280.00) on shares of Atlassian in a research note on Friday, February 6th. Zacks Research lowered shares of Atlassian from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 11th. Canaccord Genuity Group set a $185.00 target price on Atlassian in a research note on Friday, February 6th. Truist Financial set a $210.00 price target on shares of Atlassian in a research note on Friday, October 31st. Finally, BTIG Research lowered their target price on Atlassian from $220.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Twenty analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $189.32.

Insider Transactions at Atlassian

In related news, Director Scott Farquhar sold 7,665 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $94.81, for a total transaction of $726,718.65. Following the completion of the transaction, the director owned 275,940 shares in the company, valued at approximately $26,161,871.40. The trade was a 2.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $94.81, for a total transaction of $726,718.65. Following the completion of the transaction, the chief executive officer directly owned 275,940 shares of the company’s stock, valued at $26,161,871.40. This trade represents a 2.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 475,758 shares of company stock valued at $68,994,874. 36.66% of the stock is currently owned by company insiders.

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.