Two Creeks Capital Management LP Has $48.71 Million Position in Atlassian Corporation PLC $TEAM

Two Creeks Capital Management LP raised its stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 25.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 305,032 shares of the technology company’s stock after purchasing an additional 61,447 shares during the period. Atlassian accounts for 3.5% of Two Creeks Capital Management LP’s portfolio, making the stock its 16th largest holding. Two Creeks Capital Management LP owned 0.12% of Atlassian worth $48,714,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the company. Physician Wealth Advisors Inc. grew its stake 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 last quarter. Snowden Capital Advisors LLC lifted its position in Atlassian by 1.6% during the 2nd quarter. Snowden Capital Advisors LLC now owns 4,464 shares of the technology company’s stock worth $907,000 after acquiring an additional 71 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Atlassian by 0.3% during the second quarter. Cetera Investment Advisers now owns 24,808 shares of the technology company’s stock valued at $5,038,000 after acquiring an additional 79 shares during the period. ABN Amro Investment Solutions increased its stake in shares of Atlassian by 3.4% in the third quarter. ABN Amro Investment Solutions now owns 2,452 shares of the technology company’s stock worth $392,000 after purchasing an additional 80 shares during the period. Finally, 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. 94.45% of the stock is owned by institutional investors.

Atlassian News Roundup

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Workforce cut framed as a productivity and margin play — several outlets reported the market initially viewed the ~1,600-job reduction as a disciplined step to reallocate resources toward higher-return AI and enterprise sales initiatives, which can support faster path to profitability. Atlassian shares rise after workforce reduction announcement
• Positive Sentiment: Analyst stance not uniformly bearish — the Street consensus remains constructive (a “Moderate Buy” in recent coverage) and Mizuho retains an outperform view despite lowering its price target to $185, signaling some analysts see material upside if the AI/enterprise pivot delivers. Atlassian Receives Consensus Recommendation of “Moderate Buy” Mizuho PT lowered to $185
• Neutral Sentiment: Short-interest reporting in recent data is unreliable/zero and doesn’t provide a meaningful signal for current positioning (tells us little about forced selling risk). (Data entry)
• Negative Sentiment: Significant one-time charges and leadership change — Atlassian disclosed an estimated $225M–$236M in restructuring charges and said longtime CTO Rajeev Rajan is stepping down; those details amplified downside as investors priced the near-term hit to earnings and execution risk around the AI pivot. Atlassian (TEAM) Is Down 11.1% After Restructuring To Fund AI And Enterprise Sales Pivot
• Negative Sentiment: Layoffs concentrated in R&D raise execution and product-cycle questions — reports note >900 R&D roles affected, which could slow product development even as the company shifts priorities; this feeds short-term uncertainty about roadmap delivery. Atlassian to reduce headcount by 10% as it restructures around AI
• Negative Sentiment: Reputational/strategic risk: critics warn of “AI-washing” — coverage and commentary question whether layoffs are genuine productivity moves or cosmetic AI repositioning, which can weigh on investor confidence if the strategy lacks clear near-term revenue pathways. Atlassian Layoffs Reignite Conversations Around The Rise Of AI Washing in 2026
• Negative Sentiment: Valuation and sentiment already under pressure — bearish price forecasts and a steep YTD/1‑yr decline have left the stock vulnerable to downside momentum if execution doubts persist. Atlassian Price Prediction: Down 66%, TEAM Could Hit $185 Next

Atlassian Stock Performance

NASDAQ TEAM opened at $75.21 on Friday. Atlassian Corporation PLC has a twelve month low of $67.85 and a twelve month high of $242.00. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.62. The stock has a market cap of $19.84 billion, a P/E ratio of -104.46, a PEG ratio of 290.51 and a beta of 0.94. The company’s 50-day simple moving average is $104.18 and its 200 day simple moving average is $141.12.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings results on Thursday, February 5th. The technology company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.54 billion. During the same quarter last year, the company earned $0.96 earnings per share. The company’s revenue for the quarter was up 23.3% compared to the same quarter last year. As a group, research analysts forecast that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Insider Buying and Selling at Atlassian

In other Atlassian news, CEO Michael Cannon-Brookes sold 7,665 shares of the business’s stock in a transaction dated Monday, December 29th. The shares were sold at an average price of $163.66, for a total value of $1,254,453.90. Following the transaction, the chief executive officer directly owned 7,665 shares in the company, valued at $1,254,453.90. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Scott Farquhar sold 7,665 shares of the firm’s stock in a transaction that occurred on Friday, December 26th. The stock was sold at an average price of $162.53, for a total transaction of $1,245,792.45. Following the sale, the director directly owned 22,995 shares of the company’s stock, valued at approximately $3,737,377.35. The trade was a 25.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 343,273 shares of company stock valued at $48,101,379 over the last quarter. Corporate insiders own 36.66% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on TEAM. Mizuho dropped their price target on Atlassian from $205.00 to $185.00 and set an “outperform” rating on the stock in a research report on Thursday. KeyCorp cut their target price on shares of Atlassian from $210.00 to $170.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. UBS Group restated a “neutral” rating and set a $105.00 price objective on shares of Atlassian in a report on Friday, February 6th. BMO Capital Markets set a $130.00 price objective on Atlassian and gave the stock an “outperform” rating in a research report on Friday, February 6th. Finally, Jefferies Financial Group set a $150.00 price objective on Atlassian in a report on Friday, February 6th. Twenty-one 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.com, Atlassian has an average rating of “Moderate Buy” and an average 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.