Atlassian (NASDAQ:TEAM) CFO Joseph Leo Binz Sells 1,653 Shares of Stock

Atlassian Corporation PLC (NASDAQ:TEAM) CFO Joseph Leo Binz sold 1,653 shares of the business’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 value of $134,471.55. Following the sale, the chief financial officer directly owned 208,639 shares in the company, valued at $16,972,782.65. This trade represents a 0.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Atlassian Stock Performance

Shares of TEAM stock opened at $75.98 on Friday. The stock has a fifty 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 quick ratio of 0.89 and a current ratio of 0.89. The stock has a market cap of $20.04 billion, a PE ratio of -105.53, a P/E/G ratio of 67.00 and a beta of 0.88. Atlassian Corporation PLC has a 1 year low of $75.01 and a 1 year high of $298.63.

Atlassian (NASDAQ:TEAM) last announced 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. Atlassian had a negative return on equity of 6.33% and a negative net margin of 3.29%.The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter last year, the business posted $0.96 earnings per share. The business’s revenue for the quarter was up 23.3% on a year-over-year basis. Sell-side analysts forecast that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Capco Asset Management LLC purchased a new stake in Atlassian during the 2nd quarter worth approximately $25,000. Physician Wealth Advisors Inc. grew its holdings in shares of Atlassian by 60.4% during the third 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. Geneos Wealth Management Inc. grew 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 last quarter. Atlantic Union Bankshares Corp raised its stake in Atlassian by 19,900.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company’s stock valued at $32,000 after acquiring an additional 199 shares in the last quarter. Finally, Board of the Pension Protection Fund acquired a new position in shares of Atlassian during the fourth quarter valued at $32,000. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

More 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 Analysts Forecast Growth

Several analysts have recently issued reports on the company. KeyCorp reduced their price objective on Atlassian from $210.00 to $170.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Truist Financial set a $210.00 target price on shares of Atlassian in a report on Friday, October 31st. Citigroup reduced their price objective 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 cut their price target on Atlassian from $240.00 to $146.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. Finally, Piper Sandler restated an “overweight” rating and set a $200.00 price objective (down previously from $280.00) on shares of Atlassian in a report on Friday, February 6th. Twenty analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $189.32.

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.