Baillie Gifford & Co. Sells 411,987 Shares of Atlassian Corporation PLC $TEAM

Baillie Gifford & Co. cut its stake in Atlassian Corporation PLC (NASDAQ:TEAM) by 4.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,115,526 shares of the technology company’s stock after selling 411,987 shares during the quarter. Atlassian accounts for 1.0% of Baillie Gifford & Co.’s holdings, making the stock its 22nd biggest position. Baillie Gifford & Co. owned 3.09% of Atlassian worth $1,296,050,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Snowden Capital Advisors LLC raised its holdings in Atlassian by 1.6% in the second quarter. Snowden Capital Advisors LLC now owns 4,464 shares of the technology company’s stock worth $907,000 after purchasing an additional 71 shares during the period. Cetera Investment Advisers lifted 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 worth $5,038,000 after acquiring an additional 79 shares in the last quarter. Allegiance Financial Group Advisory Services LLC grew its stake in Atlassian by 6.6% in the third quarter. Allegiance Financial Group Advisory Services LLC now owns 1,307 shares of the technology company’s stock valued at $209,000 after acquiring an additional 81 shares during the period. Louisiana State Employees Retirement System increased its holdings in shares of Atlassian by 0.8% in the second quarter. Louisiana State Employees Retirement System now owns 12,100 shares of the technology company’s stock worth $2,457,000 after acquiring an additional 100 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its position in shares of Atlassian by 40.1% during the second quarter. First Horizon Advisors Inc. now owns 374 shares of the technology company’s stock worth $76,000 after purchasing an additional 107 shares during the period. Institutional investors own 94.45% of the company’s stock.

Atlassian Stock Up 2.6%

TEAM stock opened at $131.75 on Friday. The company has a market cap of $34.66 billion, a price-to-earnings ratio of -185.56, a P/E/G ratio of 19.89 and a beta of 0.88. Atlassian Corporation PLC has a twelve month low of $115.53 and a twelve month high of $326.00. The business has a 50 day moving average price of $150.71 and a two-hundred day moving average price of $164.12. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.72.

Atlassian (NASDAQ:TEAM) last released its earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period last year, the business earned $0.77 earnings per share. The firm’s revenue was up 20.6% on a year-over-year basis. Analysts anticipate that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Atlassian News Roundup

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Atlassian exec Shamik Sharma outlines an AI “ticketless” vision that could streamline service workflows and help drive product differentiation and enterprise adoption. Ticketless Future with AI
• Positive Sentiment: Event coverage from Atlassian’s Team on Tour (Bengaluru) highlights AI features positioning the product as a teammate for users — a narrative that supports upside if adoption accelerates. When AI becomes a teammate
• Positive Sentiment: MarketBeat argues TEAM is deeply oversold ahead of earnings, notes several buy/Outperform reiterations (Mizuho, Citi, Piper Sandler, BTIG) and says fundamentals/revenue trends still look solid — a potential catalyst if Atlassian again beats estimates. Atlassian Has Been Crushed—But the Setup Into Earnings Is Shifting
• Neutral Sentiment: Brokerage consensus remains “Moderate Buy” by count, reflecting mixed analyst views even as some firms lower targets but keep positive ratings. This keeps the stock tethered to next earnings and guidance. Consensus Recommendation: Moderate Buy
• Neutral Sentiment: Valuation pieces note short‑term pain from AI concern noise and Data Center/cloud pricing changes; these analyses assess whether the sell‑off already prices in slower growth or overstates disruption risk. Assessing Atlassian Valuation
• Negative Sentiment: Mizuho and TD Cowen have signaled more cautious views recently — Mizuho (per some reports) trimmed forecasts/targets and TD Cowen cut its target and moved to Hold — reducing near‑term upside expectations. Mizuho Issues Pessimistic Forecast
• Negative Sentiment: Analyst downgrades and note-driven skepticism have pushed TEAM to new multi‑year/52‑week lows in recent sessions, which can trigger additional selling and margin pressure ahead of a definitive rebound. Hits New 52-Week Low After Analyst Downgrade
• Negative Sentiment: Founder/director insider sales (Scott Farquhar and others) — repeated small sells in January — have been disclosed and some investors view these as a negative signal even though founders retain large stakes. Scott Farquhar Sells Shares

Insider Transactions at Atlassian

In other Atlassian news, CEO Michael Cannon-Brookes sold 7,665 shares of the company’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $126.11, for a total value of $966,633.15. Following the sale, the chief executive officer owned 360,255 shares in the company, valued at $45,431,758.05. This represents a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Scott Farquhar sold 7,665 shares of the firm’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $126.11, for a total value of $966,633.15. Following the completion of the sale, the director directly owned 360,255 shares of the company’s stock, valued at approximately $45,431,758.05. The trade was a 2.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 566,379 shares of company stock worth $86,964,840. 36.66% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TEAM shares. Citigroup decreased their price objective on Atlassian from $240.00 to $210.00 and set a “buy” rating for the company in a research report on Friday, January 16th. Mizuho lowered their price objective on shares of Atlassian from $245.00 to $225.00 and set an “outperform” rating for the company in a research report on Wednesday. BTIG Research restated a “buy” rating and set a $220.00 price objective on shares of Atlassian in a report on Tuesday, January 13th. Truist Financial set a $210.00 target price on shares of Atlassian in a research note on Friday, October 31st. Finally, Jefferies Financial Group set a $262.00 price target on Atlassian in a research note on Thursday, January 15th. Twenty-one equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $235.38.

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.