Coatue Management LLC Reduces Position in Atlassian Corporation PLC $TEAM

Coatue Management LLC decreased its holdings in Atlassian Corporation PLC (NASDAQ:TEAM) by 10.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,077,303 shares of the technology company’s stock after selling 230,583 shares during the quarter. Coatue Management LLC’s holdings in Atlassian were worth $331,745,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Atlassian by 6.0% during the 3rd quarter. Vanguard Group Inc. now owns 18,479,561 shares of the technology company’s stock valued at $2,951,186,000 after purchasing an additional 1,049,483 shares in the last quarter. Artisan Partners Limited Partnership raised its position in shares of Atlassian by 66.3% in the 2nd quarter. Artisan Partners Limited Partnership now owns 3,878,133 shares of the technology company’s stock valued at $787,610,000 after purchasing an additional 1,545,546 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Atlassian by 18.7% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,867,886 shares of the technology company’s stock valued at $458,001,000 after buying an additional 451,706 shares during the last quarter. DNB Asset Management AS boosted its stake in shares of Atlassian by 266.6% during the 3rd 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 last quarter. Finally, Sands Capital Management LLC grew its position in shares of Atlassian by 2.0% during the third quarter. Sands Capital Management LLC now owns 2,641,730 shares of the technology company’s stock worth $421,884,000 after buying an additional 53,007 shares in the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. UBS Group restated a “neutral” rating and issued a $105.00 price target on shares of Atlassian in a research note on Friday, February 6th. Wall Street Zen lowered shares of Atlassian from a “buy” rating to a “hold” rating in a report on Sunday. KeyCorp dropped their target price on shares of Atlassian from $210.00 to $170.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. Morgan Stanley cut their target price on shares of Atlassian from $320.00 to $290.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. Finally, Barclays reduced their price target on shares of Atlassian from $215.00 to $165.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Twenty-one research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Atlassian has a consensus rating of “Moderate Buy” and an average target price of $185.12.

Atlassian Stock Up 2.5%

TEAM stock opened at $75.21 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.62. Atlassian Corporation PLC has a fifty-two week low of $67.85 and a fifty-two week high of $242.00. The firm’s 50-day simple moving average is $104.18 and its 200 day simple moving average is $140.96. The stock has a market cap of $19.84 billion, a PE ratio of -104.46, a price-to-earnings-growth ratio of 297.93 and a beta of 0.94.

Atlassian (NASDAQ:TEAM) last posted its earnings results on Thursday, February 5th. The technology company reported $1.22 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $1.54 billion. During the same period in the previous year, the business posted $0.96 EPS. Atlassian’s revenue was up 23.3% on a year-over-year basis. As a group, sell-side analysts predict that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Insider Activity at Atlassian

In other news, 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 transaction of $134,471.55. Following the completion of the transaction, the chief financial officer directly owned 208,639 shares in the company, valued at approximately $16,972,782.65. The trade was a 0.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Scott Farquhar sold 7,665 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $94.81, for a total value of $726,718.65. Following the completion of the transaction, the director directly owned 275,940 shares of the company’s stock, valued at $26,161,871.40. This trade represents a 2.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 343,273 shares of company stock valued at $48,101,379. Company insiders own 36.66% of the company’s stock.

Atlassian News Summary

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 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.