The Manufacturers Life Insurance Company Has $202,000 Stock Position in Atlassian Corporation PLC $TEAM

The Manufacturers Life Insurance Company trimmed its position in Atlassian Corporation PLC (NASDAQ:TEAM) by 60.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 2,954 shares of the technology company’s stock after selling 4,504 shares during the period. The Manufacturers Life Insurance Company’s holdings in Atlassian were worth $202,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Snowden Capital Advisors LLC increased its holdings in Atlassian by 1.6% in the second quarter. Snowden Capital Advisors LLC now owns 4,464 shares of the technology company’s stock valued at $907,000 after purchasing an additional 71 shares during the period. Financial Perspectives Inc lifted its holdings in Atlassian by 11.7% during the 4th quarter. Financial Perspectives Inc now owns 718 shares of the technology company’s stock worth $116,000 after buying an additional 75 shares during the period. Verdence Capital Advisors LLC grew its position in shares of Atlassian by 3.0% in the 4th quarter. Verdence Capital Advisors LLC now owns 3,079 shares of the technology company’s stock valued at $499,000 after buying an additional 89 shares during the last quarter. Bogart Wealth LLC grew its position in shares of Atlassian by 76.4% in the 4th quarter. Bogart Wealth LLC now owns 217 shares of the technology company’s stock valued at $35,000 after buying an additional 94 shares during the last quarter. Finally, New York Life Investment Management LLC increased its stake in shares of Atlassian by 6.7% in the fourth quarter. New York Life Investment Management LLC now owns 2,199 shares of the technology company’s stock valued at $357,000 after buying an additional 139 shares during the period. Institutional investors and hedge funds own 94.45% of the company’s stock.

Key Headlines Impacting Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Atlassian and Cloudflare are being cited as companies pushing back against the “SaaSpocalypse”—market concerns that AI disruption and weaker corporate IT spending will damage enterprise-software demand. The article suggests Atlassian’s business remains more resilient than the recent selloff in software stocks implies. SaaSpocalypse Defied: Atlassian and Cloudflare Push Back Against Enterprise Tech Fears
• Neutral Sentiment: Chief Accounting Officer Gene Liu sold a combined 1,552 shares for approximately $254,450, while Chief Revenue Officer Brian Duffy sold 7,617 shares for about $1.24 million. The filings state that all sales were made to cover tax-withholding obligations tied to vested equity awards, reducing their ownership modestly but offering limited evidence of a discretionary bearish view. Atlassian insider sale filing Brian Duffy insider sale filing
• Negative Sentiment: A comparison with Salesforce favors Salesforce over Atlassian, citing stronger AI momentum, a better earnings outlook and a lower valuation. The analysis could pressure TEAM by reinforcing concerns that its premium valuation leaves less room for execution missteps as investors increase spending on AI. Atlassian vs. Salesforce: Which Cloud Software Stock Has an Edge?

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Citigroup lifted their price objective on Atlassian from $110.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Raymond James Financial set a $180.00 price objective on shares of Atlassian in a research note on Friday, August 7th. Sanford C. Bernstein reissued an “outperform” rating on shares of Atlassian in a research note on Monday, June 29th. UBS Group upped their price target on shares of Atlassian from $95.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Finally, Wall Street Zen downgraded Atlassian from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 30th. Twenty-four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $176.27.

Insider Buying and Selling at Atlassian

In related news, CAO Gene Liu sold 815 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $163.00, for a total value of $132,845.00. Following the completion of the transaction, the chief accounting officer directly owned 57,932 shares of the company’s stock, valued at approximately $9,442,916. This trade represents a 1.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Brian Duffy sold 7,617 shares of Atlassian stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $163.00, for a total value of $1,241,571.00. Following the transaction, the executive directly owned 220,074 shares of the company’s stock, valued at $35,872,062. The trade was a 3.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 18,319 shares of company stock worth $2,341,407. Corporate insiders own 36.66% of the company’s stock.

Atlassian Stock Down 2.4%

TEAM stock opened at $158.34 on Tuesday. Atlassian Corporation PLC has a twelve month low of $56.01 and a twelve month high of $184.00. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.13. The stock’s 50 day moving average is $99.46 and its 200-day moving average is $87.93. The firm has a market capitalization of $40.18 billion, a PE ratio of -833.37, a P/E/G ratio of 18.33 and a beta of 1.05.

Atlassian (NASDAQ:TEAM) last announced its earnings results on Friday, August 7th. The technology company reported $1.87 EPS for the quarter, beating the consensus estimate of $1.50 by $0.37. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.66 billion. Atlassian had a negative net margin of 0.82% and a positive return on equity of 20.07%. The firm’s revenue for the quarter was up 27.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.98 earnings per share. Sell-side analysts expect that Atlassian Corporation PLC will post 0.65 EPS for the current fiscal year.

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.