Atlassian Corporation PLC $TEAM Shares Sold by ING Groep NV

ING Groep NV lessened its holdings in Atlassian Corporation PLC (NASDAQ:TEAM) by 30.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 101,105 shares of the technology company’s stock after selling 44,167 shares during the quarter. ING Groep NV’s holdings in Atlassian were worth $16,146,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Physician Wealth Advisors Inc. raised its holdings in Atlassian by 60.4% in the third quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock valued at $26,000 after acquiring an additional 61 shares in the last quarter. Snowden Capital Advisors LLC increased its position in shares of Atlassian by 1.6% in the 2nd 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 last quarter. Cetera Investment Advisers raised its holdings in shares of Atlassian by 0.3% in the 2nd quarter. Cetera Investment Advisers now owns 24,808 shares of the technology company’s stock valued at $5,038,000 after purchasing an additional 79 shares in the last quarter. Allegiance Financial Group Advisory Services LLC lifted its position in shares of Atlassian by 6.6% during the 3rd quarter. Allegiance Financial Group Advisory Services LLC now owns 1,307 shares of the technology company’s stock worth $209,000 after purchasing an additional 81 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its stake in shares of Atlassian by 40.1% during the second quarter. First Horizon Advisors Inc. now owns 374 shares of the technology company’s stock worth $76,000 after purchasing an additional 107 shares in the last quarter. 94.45% of the stock is owned by institutional investors and hedge funds.

Atlassian Stock Performance

Shares of TEAM opened at $86.97 on Thursday. Atlassian Corporation PLC has a 1 year low of $85.04 and a 1 year high of $320.88. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.26 and a current ratio of 0.89. The company’s fifty day moving average is $140.68 and its two-hundred day moving average is $155.84. The stock has a market capitalization of $22.88 billion, a P/E ratio of -120.79, a P/E/G ratio of 77.56 and a beta of 0.88.

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

More Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Barron’s highlights that heavy short interest across software names could spark a near-term short squeeze, which would be a positive catalyst for TEAM if shorts cover. Software Stocks Look Primed for a Short Squeeze
• Positive Sentiment: Strategists told Reuters that AI‑driven sell‑offs have created buying opportunities in higher‑quality software stocks — a narrative that could support a rebound in TEAM. AI disruption fears create buying chance in US software stocks, strategists say
• Positive Sentiment: Market sentiment has shown signs of stabilizing (Nasdaq rebound / Fear & Greed index moving to neutral), which could help software names, including TEAM, recover if momentum continues. Nasdaq Jumps Over 200 Points As Software Stocks Rebound
• Positive Sentiment: High‑profile bullish commentary (Jim Cramer calling TEAM “absurdly cheap” unless the business collapses) may attract value buyers. Jim Cramer on Atlassian Corporation
• Neutral Sentiment: Atlassian signed a marketing/brand partnership with Estrella Galicia 0,0 via the Williams F1 team — positive PR but unlikely to move fundamentals materially. Atlassian Williams F1 Team partnership
• Neutral Sentiment: Some short‑interest data in feeds show anomalies (entries reporting 0 shares), so treat those automated snapshots with caution when assessing current short positioning.
• Negative Sentiment: Bernstein trimmed its price target on TEAM to $290, which is a negative analyst signal and likely weighing on investor sentiment today. Bernstein trims target price on Atlassian (TEAM) to $290
• Negative Sentiment: Reports of insider selling have coincided with the pullback, a short‑term negative signal for confidence and a likely contributor to downward pressure. Atlassian Trading Down Following Insider Selling
• Negative Sentiment: Short interest rose to ~9.5M shares (about 5.7% of shares) as of Jan. 30, increasing volatility risk and making the stock more susceptible to directional swings. (Data snapshot provided in filings/feeds.)
• Negative Sentiment: Ongoing sector fears that AI could disrupt software businesses keep downward pressure on the group and on TEAM until clarity on adoption/monetization emerges. Software Bear Market: 1 SaaS Stock To Buy Now, 1 To Avoid

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TEAM shares. KeyCorp cut their price target on Atlassian from $210.00 to $170.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. Cantor Fitzgerald cut their target price on Atlassian from $240.00 to $146.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 4th. Macquarie Infrastructure decreased their target price on Atlassian from $250.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. Truist Financial set a $210.00 price objective on shares of Atlassian in a report on Friday, October 31st. Finally, Citigroup lowered their target price on shares of Atlassian from $210.00 to $160.00 and set a “buy” rating for the company in a report on Monday. Twenty equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Atlassian presently has an average rating of “Moderate Buy” and an average price target of $189.32.

Insider Activity

In other Atlassian news, Director Scott Farquhar sold 7,665 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $147.41, for a total value of $1,129,897.65. Following the sale, the director owned 222,285 shares of the company’s stock, valued at $32,767,031.85. This represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Anutthara Bharadwaj sold 9,847 shares of the stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $152.46, for a total transaction of $1,501,273.62. Following the completion of the sale, the president owned 242,092 shares in the company, valued at $36,909,346.32. This represents a 3.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 535,719 shares of company stock worth $77,951,260 over the last 90 days. 36.66% of the stock is currently owned by corporate insiders.

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.