Atlassian (NASDAQ:TEAM) CTO Rajeev Bashyam Rajan Sells 3,072 Shares

Atlassian Corporation PLC (NASDAQ:TEAM) CTO Rajeev Bashyam Rajan sold 3,072 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $81.35, for a total transaction of $249,907.20. Following the completion of the sale, the chief technology officer owned 212,916 shares in the company, valued at $17,320,716.60. This represents a 1.42% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Atlassian Trading Down 5.3%

Shares of TEAM stock opened at $75.98 on Friday. The company has a market capitalization of $20.04 billion, a P/E ratio of -105.53, a P/E/G ratio of 67.00 and a beta of 0.88. Atlassian Corporation PLC has a 12-month low of $75.01 and a 12-month high of $298.63. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average price of $129.72 and a 200 day moving average price of $150.72.

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 company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.54 billion. Atlassian had a negative net margin of 3.29% and a negative return on equity of 6.33%. The company’s revenue was up 23.3% on a year-over-year basis. During the same quarter last year, the business posted $0.96 earnings per share. Research analysts forecast that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Key Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: LinkedIn’s CFO is joining Atlassian — an experienced finance executive hire that can bolster leadership depth and investor confidence. LinkedIn CFO jumps to Atlassian
• Positive Sentiment: A Seeking Alpha piece upgraded TEAM to “Strong Buy,” citing accelerating revenue growth, a rising RPO/backlog, high gross margins and improved pro forma operating margins — a fundamental read that supports a recovery thesis. Atlassian: Trust Growth Acceleration And RPO Buildup (Upgrade)
• Positive Sentiment: Coverage noting Q2 performance is driving optimism about Atlassian’s growth trajectory and backlog, reinforcing the view that recent share weakness is more sentiment-driven than fundamental. Second Quarter Performance Drives Optimism Around Atlassian (TEAM)
• Neutral Sentiment: Sector context — peers like RingCentral and Five9 rallied on AI-related positive results, showing mixed sentiment in software: some firms benefit from AI tailwinds while others face selling pressure. This is a market-level factor rather than a TEAM-specific catalyst. Beaten-down software stocks RingCentral and Five9 rally as earnings quell some AI concerns
• Neutral Sentiment: Reported short-interest data in the feed is anomalous (shows 0 shares / NaN changes) and provides no actionable signal; treat as unreliable until clarified by exchanges or official reports.
• Negative Sentiment: Multiple senior executives sold shares on Feb 19 (CFO Joseph Binz, CTO Rajeev Bashyam Rajan, CRO Brian Duffy, CAO Gene Liu). While these were relatively small percentages of holdings, clustered insider selling can raise investor concern on timing and outlook. SEC filings: SEC Filing — Joseph Leo Binz Sale SEC Filing — Rajeev Bashyam Rajan Sale SEC Filing — Brian Duffy Sale SEC Filing — Gene Liu Sale
• Negative Sentiment: Pomerantz LLP launched an investor investigation into Atlassian, which introduces legal/ reputational risk and can pressure shares while the inquiry proceeds. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Atlassian Corporation – TEAM

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Cantor Fitzgerald cut their price target on Atlassian from $240.00 to $146.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. Sanford C. Bernstein increased their price target on shares of Atlassian from $290.00 to $304.00 and gave the company an “outperform” rating in a research note on Tuesday, November 18th. Morgan Stanley dropped their price objective on shares of Atlassian from $320.00 to $290.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. BMO Capital Markets set a $130.00 price objective on Atlassian and gave the stock an “outperform” rating in a report on Friday, February 6th. Finally, KeyCorp lowered their target price on Atlassian from $210.00 to $170.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Twenty research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $189.32.

Institutional Investors Weigh In On Atlassian

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. grew its holdings in shares of Atlassian by 50.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 40,546 shares of the technology company’s stock valued at $6,475,000 after buying an additional 13,643 shares during the period. Mediolanum International Funds Ltd increased its holdings in shares of Atlassian by 108.4% in the third quarter. Mediolanum International Funds Ltd now owns 41,963 shares of the technology company’s stock worth $6,937,000 after acquiring an additional 21,829 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Atlassian by 20.3% during the third quarter. Nordea Investment Management AB now owns 721,690 shares of the technology company’s stock worth $114,695,000 after purchasing an additional 121,541 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Atlassian by 3.7% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 258,299 shares of the technology company’s stock valued at $52,458,000 after purchasing an additional 9,274 shares during the period. Finally, Public Sector Pension Investment Board bought a new stake in Atlassian during the 3rd quarter worth approximately $21,080,000. Institutional investors own 94.45% of the company’s stock.

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.