Atlassian Corporation PLC $TEAM Shares Sold by Legal & General Group Plc

Legal & General Group Plc decreased its holdings in Atlassian Corporation PLC (NASDAQ:TEAM) by 4.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,094,090 shares of the technology company’s stock after selling 46,413 shares during the quarter. Legal & General Group Plc’s holdings in Atlassian were worth $174,726,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TEAM. Capco Asset Management LLC purchased a new stake in Atlassian during the 2nd quarter worth approximately $25,000. Physician Wealth Advisors Inc. boosted its position in 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 grew its stake in shares of Atlassian by 19,900.0% in the third quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company’s stock worth $32,000 after acquiring an additional 199 shares in the last quarter. Geneos Wealth Management Inc. increased 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 period. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Atlassian during the third quarter worth $57,000. Institutional investors and hedge funds own 94.45% of the company’s stock.

Atlassian Stock Performance

Shares of TEAM opened at $73.34 on Friday. The company’s 50 day simple moving average is $105.78 and its 200-day simple moving average is $141.77. The firm has a market cap of $19.34 billion, a PE ratio of -101.86, a price-to-earnings-growth ratio of 298.87 and a beta of 0.94. Atlassian Corporation PLC has a 12-month low of $67.85 and a 12-month high of $242.00. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.62.

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

Atlassian News Summary

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Management says cuts will “self‑fund” AI and enterprise investments and accelerate the path to sustained profitability, which investors often view as a constructive cost/reinvestment tradeoff. Atlassian to lay off about 1,600 people in pivot to AI
• Positive Sentiment: Several outlets reported an initial positive market reaction to the layoffs (short‑term rally as investors reward cost discipline and AI focus). Atlassian shares rise after workforce reduction announcement
• Positive Sentiment: Mizuho lowered its price target from $205 to $185 but kept an “outperform” rating, signaling some analyst confidence in a recovery scenario despite near‑term uncertainty. PT lowered to $185 at Mizuho
• Neutral Sentiment: Short‑interest data in the feed shows zero shares shorted (likely a reporting anomaly) and is not informative for positioning right now. (No external link — data appears erroneous.)
• Neutral Sentiment: CEO communications emphasized a “human” approach to the layoffs; tone may limit reputational damage but doesn’t change the operational impact. Atlassian to Cut 10% of Jobs Citing AI. But Its CEO Used a Human Touch for the Layoffs.
• Negative Sentiment: Roughly 900 of the affected roles are in R&D — cuts to engineering/research staff could slow product development or delay AI initiatives, raising execution risk. Atlassian to reduce headcount by 10% as it restructures around AI
• Negative Sentiment: Leadership churn: the CTO is leaving amid the restructuring, which can increase short‑term uncertainty about execution. Atlassian layoffs impact 63 workers in Washington as CTO steps down
• Negative Sentiment: Bearish coverage and price‑prediction pieces highlight downside risk and lingering concerns about growth and margins; such narratives can pressure sentiment even if fundamentals improve later. Atlassian Price Prediction: Down 66%, TEAM Could Hit $185 Next

Insider Buying and Selling at Atlassian

In other Atlassian news, CEO Michael Cannon-Brookes sold 7,665 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $94.81, for a total transaction of $726,718.65. Following the completion of the sale, the chief executive officer directly owned 275,940 shares of the company’s stock, valued at $26,161,871.40. This represents a 2.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 value of $99,409.70. Following the sale, the executive directly owned 124,332 shares of the company’s stock, valued at $10,114,408.20. The trade was a 0.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 343,273 shares of company stock valued at $48,101,379. Corporate insiders own 36.66% of the company’s stock.

Analyst Upgrades and Downgrades

TEAM has been the subject of a number of recent research reports. Wolfe Research reiterated an “outperform” rating and issued a $100.00 target price on shares of Atlassian in a report on Thursday. Weiss Ratings restated a “sell (e+)” rating on shares of Atlassian in a report on Wednesday, January 21st. Sanford C. Bernstein increased their price target on Atlassian from $290.00 to $304.00 and gave the company an “outperform” rating in a research report on Tuesday, November 18th. Wall Street Zen upgraded Atlassian from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Finally, BTIG Research cut their target price on shares of Atlassian from $220.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Twenty-one research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Atlassian currently has a consensus rating of “Moderate Buy” and a consensus price target of $185.12.

About Atlassian

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.