Korea Investment CORP Has $8.83 Million Stock Holdings in Atlassian Corporation PLC $TEAM

Korea Investment CORP lowered its stake in Atlassian Corporation PLC (NASDAQ:TEAM) by 64.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 55,258 shares of the technology company’s stock after selling 101,215 shares during the period. Korea Investment CORP’s holdings in Atlassian were worth $8,825,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. raised its position in shares of Atlassian by 50.7% in the third 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 in the last quarter. Intech Investment Management LLC grew its position in Atlassian by 180.3% during the third quarter. Intech Investment Management LLC now owns 140,984 shares of the technology company’s stock worth $22,515,000 after buying an additional 90,692 shares in the last quarter. Mediolanum International Funds Ltd grew its position in Atlassian by 108.4% during the third quarter. Mediolanum International Funds Ltd now owns 41,963 shares of the technology company’s stock worth $6,937,000 after buying an additional 21,829 shares in the last quarter. Westfield Capital Management Co. LP increased its stake in Atlassian by 56.5% during the 3rd quarter. Westfield Capital Management Co. LP now owns 322,438 shares of the technology company’s stock worth $51,493,000 after acquiring an additional 116,470 shares during the period. Finally, Nordea Investment Management AB raised its holdings in Atlassian by 20.3% in the 3rd quarter. Nordea Investment Management AB now owns 721,690 shares of the technology company’s stock valued at $114,695,000 after acquiring an additional 121,541 shares in the last quarter. 94.45% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Joseph Leo Binz sold 1,653 shares of Atlassian stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $81.35, for a total transaction of $134,471.55. Following the sale, the chief financial officer directly owned 208,639 shares of the company’s stock, valued at approximately $16,972,782.65. The trade was a 0.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CRO Brian Duffy sold 1,222 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $81.35, for a total transaction of $99,409.70. Following the transaction, the executive owned 124,332 shares of the company’s stock, valued at approximately $10,114,408.20. This represents a 0.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 359,131 shares of company stock worth $50,672,589 in the last quarter. Corporate insiders own 36.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TEAM. Piper Sandler reiterated an “overweight” rating and set a $200.00 target price (down from $280.00) on shares of Atlassian in a research report on Friday, February 6th. Mizuho dropped their price target on Atlassian from $225.00 to $205.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. Wells Fargo & Company cut their price objective on shares of Atlassian from $216.00 to $155.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. Sanford C. Bernstein increased their price objective on shares of Atlassian from $290.00 to $304.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 18th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Atlassian in a report on Wednesday, January 21st. Twenty investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $189.32.

Atlassian Price Performance

Atlassian stock opened at $75.45 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.89 and a current ratio of 0.89. Atlassian Corporation PLC has a 52 week low of $67.85 and a 52 week high of $242.00. The stock has a market capitalization of $19.90 billion, a P/E ratio of -104.79, a price-to-earnings-growth ratio of 309.01 and a beta of 0.94. The stock has a fifty day moving average of $107.55 and a 200-day moving average of $142.25.

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

Key Headlines Impacting Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Management announced a plan to cut roughly 10% of the workforce (~1,600 roles) to “rebalance” resources and self-fund investments in AI and enterprise sales; investors often view such moves as cost discipline and stronger focus on higher‑value growth areas. Read More.
• Positive Sentiment: Markets reacted positively to the workforce reduction announcement, with reports noting a post‑announcement uptick in the stock as investors priced in faster allocation toward AI and enterprise sales initiatives. Read More.
• Positive Sentiment: Product/AI momentum: Atlassian has been promoting AI agents (open beta in Jira) and related investments (Model Context Protocol), which support the company’s narrative of AI-led product differentiation and could boost enterprise adoption if execution continues. Read More.
• Neutral Sentiment: Investor communications: recent conference presentations and transcripts reiterate strategy but contained no material beat-or-miss financial disclosures; useful for modeling guidance but not a trigger by itself. Read More.
• Neutral Sentiment: Marketing/partnership activity (e.g., Keeper Security campaign with Williams F1 team) is brand-positive but unlikely to move fundamentals in the near term. Read More.
• Negative Sentiment: Execution/customer risk: reporting shows Atlassian built a migration tool for Jira cloud that, paradoxically, slowed some customers’ moves to the cloud—this could delay expected cloud revenue and slow TAM penetration if not resolved. Read More.
• Negative Sentiment: Layoff risks: while cuts can improve margins, they carry execution, product delivery and morale risks—WSJ/BI reporting highlights geographic concentration of impacted employees and management’s framing of the move as an “AI era” reshaping, which could worry some enterprise customers and employees. Read More.

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.