Atlassian (NASDAQ:TEAM) CRO Brian Duffy Sells 1,222 Shares

Atlassian Corporation PLC (NASDAQ:TEAM) CRO Brian Duffy sold 1,222 shares of the firm’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 sale, the executive directly owned 124,332 shares of the company’s stock, valued at approximately $10,114,408.20. The trade was a 0.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Atlassian Price Performance

Shares of TEAM traded down $4.28 on Friday, hitting $75.98. The company’s stock had a trading volume of 9,550,965 shares, compared to its average volume of 6,146,748. The company has a market capitalization of $20.04 billion, a PE ratio of -105.53, a PEG ratio of 69.79 and a beta of 0.88. Atlassian Corporation PLC has a fifty-two week low of $75.01 and a fifty-two week high of $298.63. The company has a 50 day moving average price of $129.72 and a 200 day moving average price of $150.72. 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 (NASDAQ:TEAM) last released its quarterly 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 firm had revenue of $1.59 billion during 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 was up 23.3% on a year-over-year basis. During the same period last year, the firm posted $0.96 EPS. On average, research analysts anticipate that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Key Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: LinkedIn’s CFO is joining Atlassian — an experienced finance executive hire that can bolster leadership depth and investor confidence. LinkedIn CFO jumps to Atlassian
• Positive Sentiment: A Seeking Alpha piece upgraded TEAM to “Strong Buy,” citing accelerating revenue growth, a rising RPO/backlog, high gross margins and improved pro forma operating margins — a fundamental read that supports a recovery thesis. Atlassian: Trust Growth Acceleration And RPO Buildup (Upgrade)
• Positive Sentiment: Coverage noting Q2 performance is driving optimism about Atlassian’s growth trajectory and backlog, reinforcing the view that recent share weakness is more sentiment-driven than fundamental. Second Quarter Performance Drives Optimism Around Atlassian (TEAM)
• Neutral Sentiment: Sector context — peers like RingCentral and Five9 rallied on AI-related positive results, showing mixed sentiment in software: some firms benefit from AI tailwinds while others face selling pressure. This is a market-level factor rather than a TEAM-specific catalyst. Beaten-down software stocks RingCentral and Five9 rally as earnings quell some AI concerns
• Neutral Sentiment: Reported short-interest data in the feed is anomalous (shows 0 shares / NaN changes) and provides no actionable signal; treat as unreliable until clarified by exchanges or official reports.
• Negative Sentiment: Multiple senior executives sold shares on Feb 19 (CFO Joseph Binz, CTO Rajeev Bashyam Rajan, CRO Brian Duffy, CAO Gene Liu). While these were relatively small percentages of holdings, clustered insider selling can raise investor concern on timing and outlook. SEC filings: SEC Filing — Joseph Leo Binz Sale SEC Filing — Rajeev Bashyam Rajan Sale SEC Filing — Brian Duffy Sale SEC Filing — Gene Liu Sale
• Negative Sentiment: Pomerantz LLP launched an investor investigation into Atlassian, which introduces legal/ reputational risk and can pressure shares while the inquiry proceeds. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Atlassian Corporation – TEAM

Wall Street Analyst Weigh In

Several research firms have weighed in on TEAM. Canaccord Genuity Group set a $185.00 price objective on shares of Atlassian in a research report on Friday, February 6th. Zacks Research lowered shares of Atlassian from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 11th. Jefferies Financial Group set a $150.00 price objective on Atlassian in a report on Friday, February 6th. Wall Street Zen lowered Atlassian from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Truist Financial set a $210.00 target price on Atlassian in a research report on Friday, October 31st. Twenty equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Atlassian has an average rating of “Moderate Buy” and a consensus price target of $189.32.

Institutional Trading of Atlassian

Several institutional investors and hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC boosted its position in shares of Atlassian by 291.4% in the 4th quarter. AQR Capital Management LLC now owns 7,749,694 shares of the technology company’s stock worth $1,256,535,000 after purchasing an additional 5,769,788 shares during the last quarter. DNB Asset Management AS lifted its stake in Atlassian by 266.6% in the third quarter. DNB Asset Management AS now owns 2,806,888 shares of the technology company’s stock valued at $448,260,000 after buying an additional 2,041,210 shares during the period. Norges Bank bought a new position in Atlassian during the fourth quarter worth about $323,526,000. Morgan Stanley boosted its holdings in Atlassian by 52.4% during the fourth quarter. Morgan Stanley now owns 4,822,007 shares of the technology company’s stock worth $781,841,000 after buying an additional 1,657,309 shares during the last quarter. Finally, Artisan Partners Limited Partnership grew its position in shares of Atlassian by 66.3% during the 2nd quarter. Artisan Partners Limited Partnership now owns 3,878,133 shares of the technology company’s stock worth $787,610,000 after buying an additional 1,545,546 shares during the period. Institutional investors own 94.45% of the company’s stock.

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.