Russell Investments Group Ltd. Sells 27,363 Shares of Atlassian Corporation PLC $TEAM

Russell Investments Group Ltd. decreased its position in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 9.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 271,982 shares of the technology company’s stock after selling 27,363 shares during the period. Russell Investments Group Ltd.’s holdings in Atlassian were worth $43,643,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Capco Asset Management LLC purchased a new position in Atlassian in the 2nd quarter worth approximately $25,000. Physician Wealth Advisors Inc. boosted its stake in Atlassian by 60.4% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock valued at $26,000 after purchasing an additional 61 shares during the last quarter. Atlantic Union Bankshares Corp increased its holdings in shares of Atlassian by 19,900.0% in 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 in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Atlassian by 447.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock worth $42,000 after purchasing an additional 161 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Atlassian in the third quarter worth $57,000. Institutional investors own 94.45% of the company’s stock.

Atlassian Stock Performance

Shares of TEAM opened at $75.45 on Thursday. The firm has a market capitalization of $19.90 billion, a P/E ratio of -104.79, a PEG ratio of 309.01 and a beta of 0.94. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.89 and a quick ratio of 0.89. Atlassian Corporation PLC has a one year low of $67.85 and a one year high of $242.00. The business has a fifty day moving average of $107.55 and a 200 day moving average of $142.25.

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on TEAM shares. Mizuho lowered their price target on Atlassian from $225.00 to $205.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. UBS Group reissued a “neutral” rating and issued a $105.00 target price on shares of Atlassian in a research report on Friday, February 6th. Citigroup lowered their target price on shares of Atlassian from $210.00 to $160.00 and set a “buy” rating on the stock in a research note on Monday, February 9th. Cantor Fitzgerald dropped their price target on shares of Atlassian from $240.00 to $146.00 and set an “overweight” rating on the stock in a report on Wednesday, February 4th. Finally, Canaccord Genuity Group set a $185.00 price target on shares of Atlassian 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $189.32.

Insider Activity

In other Atlassian news, Director Scott Farquhar sold 7,665 shares of the company’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 sale, the director directly owned 275,940 shares of the company’s stock, valued at approximately $26,161,871.40. This represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Brian Duffy sold 1,222 shares of the 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 completion of the transaction, the executive owned 124,332 shares in the company, valued at $10,114,408.20. The trade was a 0.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 359,131 shares of company stock worth $50,672,589. Company insiders own 36.66% of the company’s stock.

Key Stories 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 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.