Atlassian Corporation PLC $TEAM Shares Sold by Perpetual Ltd

Perpetual Ltd decreased its holdings in Atlassian Corporation PLC (NASDAQ:TEAM) by 52.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,811 shares of the technology company’s stock after selling 6,440 shares during the quarter. Perpetual Ltd’s holdings in Atlassian were worth $928,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TEAM. Norges Bank purchased a new position in Atlassian in the 2nd quarter valued at approximately $377,794,000. Artisan Partners Limited Partnership raised its stake in shares of Atlassian by 66.3% in the second quarter. Artisan Partners Limited Partnership now owns 3,878,133 shares of the technology company’s stock valued at $787,610,000 after acquiring an additional 1,545,546 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Atlassian by 145.6% in the first quarter. AQR Capital Management LLC now owns 1,715,287 shares of the technology company’s stock valued at $354,858,000 after purchasing an additional 1,016,902 shares during the period. DNB Asset Management AS grew its stake in Atlassian by 2,676.8% during the 2nd quarter. DNB Asset Management AS now owns 765,678 shares of the technology company’s stock worth $155,502,000 after purchasing an additional 738,104 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in Atlassian by 203.3% during the 2nd quarter. Marshall Wace LLP now owns 870,867 shares of the technology company’s stock worth $176,864,000 after purchasing an additional 583,697 shares during the period. 94.45% of the stock is owned by hedge funds and other institutional investors.

Atlassian Trading Down 2.4%

NASDAQ TEAM opened at $161.07 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.26 and a quick ratio of 1.26. The firm’s fifty day moving average price is $157.15 and its 200 day moving average price is $173.64. The company has a market capitalization of $42.38 billion, a price-to-earnings ratio of -226.86, a price-to-earnings-growth ratio of 24.94 and a beta of 0.89. Atlassian Corporation PLC has a 12 month low of $139.70 and a 12 month high of $326.00.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.21. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.11%. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the previous year, the company earned $0.77 earnings per share. Atlassian’s quarterly revenue was up 20.6% compared to the same quarter last year. On average, sell-side analysts expect that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TEAM has been the subject of a number of analyst reports. BTIG Research initiated coverage on Atlassian in a research report on Tuesday, December 16th. They set a “buy” rating and a $220.00 price objective for the company. Cowen reiterated a “hold” rating on shares of Atlassian in a report on Monday, October 27th. Mizuho raised their price objective on shares of Atlassian from $235.00 to $245.00 and gave the company an “outperform” rating in a report on Friday, October 31st. KeyCorp decreased their price objective on shares of Atlassian from $250.00 to $210.00 and set an “overweight” rating for the company in a research report on Thursday, October 23rd. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $260.00 target price on shares of Atlassian in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $239.23.

Insider Activity at Atlassian

In related news, Director Scott Farquhar sold 7,665 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $163.16, for a total transaction of $1,250,621.40. Following the transaction, the director owned 61,320 shares in the company, valued at $10,004,971.20. This trade represents a 11.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $163.16, for a total value of $1,250,621.40. Following the transaction, the chief executive officer directly owned 61,320 shares in the company, valued at approximately $10,004,971.20. This trade represents a 11.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 566,379 shares of company stock valued at $88,705,102 in the last three months. 36.66% of the stock is currently owned by company insiders.

More Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: BTIG initiated coverage with a Buy and $220 price target (implying ~36% upside), which can attract buyers and support the stock. BTIG buy initiation
• Positive Sentiment: A Yahoo Finance piece argues Atlassian may be undervalued by ~33%, citing upside potential relative to fundamentals — a narrative that can draw value-oriented investors. Are Investors Undervaluing Atlassian
• Positive Sentiment: Zacks coverage highlights strong cloud demand and lists TEAM among names benefiting from cloud tailwinds alongside AMZN and NET — a favorable sector story that supports longer-term revenue growth expectations. The Zacks Analyst Blog
• Neutral Sentiment: Zacks also included TEAM in a “3 cloud computing stocks” roundup, reinforcing analyst attention but offering no new company-specific catalyst — helpful background but not an immediate stock mover. 3 Cloud Computing Stocks That Investors Can Opt to Buy Before 2026
• Negative Sentiment: Repeated insider selling: Director (and co-founder) Scott Farquhar — and reporting shows similar sales attributed to CEO Michael Cannon-Brookes — sold multiple blocks (~7,665 shares per trade) across December, signaling material insider liquidation that can sap investor confidence. Insider Selling: Atlassian Director Sells 7,665 Shares
• Negative Sentiment: MarketBeat/InsiderTrades summaries detail a multi-date pattern of founder/CEO sales (disclosed SEC filings), which investors often view as a near-term negative signal even if sales are for diversification or tax reasons. SEC filing: insider sale

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.