Strs Ohio Sells 24,916 Shares of Atlassian Corporation PLC $TEAM

Strs Ohio lessened its holdings in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 20.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 96,953 shares of the technology company’s stock after selling 24,916 shares during the quarter. Strs Ohio’s holdings in Atlassian were worth $15,483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Capco Asset Management LLC bought a new position in Atlassian in the 2nd quarter worth $25,000. Geneos Wealth Management Inc. increased its position in Atlassian by 447.2% in the first quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock worth $42,000 after buying an additional 161 shares in the last quarter. Virtus Advisers LLC bought a new position in shares of Atlassian in the second quarter worth about $61,000. First Horizon Advisors Inc. lifted its position in shares of Atlassian by 40.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 374 shares of the technology company’s stock valued at $76,000 after buying an additional 107 shares in the last quarter. Finally, Quent Capital LLC bought a new position in shares of Atlassian during the 3rd quarter valued at approximately $60,000. Institutional investors own 94.45% of the company’s stock.

Atlassian Stock Performance

TEAM opened at $131.75 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market capitalization of $34.66 billion, a price-to-earnings ratio of -185.56, a PEG ratio of 20.40 and a beta of 0.88. The company has a fifty day moving average of $150.71 and a 200 day moving average of $163.33. Atlassian Corporation PLC has a fifty-two week low of $115.53 and a fifty-two week high of $326.00.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings data on Thursday, October 30th. The technology company reported $1.04 EPS 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 the consensus estimate of $1.40 billion. During the same quarter in the prior year, the firm earned $0.77 EPS. The business’s revenue was up 20.6% on a year-over-year basis. As a group, sell-side 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 related news, Director Scott Farquhar sold 7,665 shares of the business’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $167.61, for a total value of $1,284,730.65. Following the sale, the director owned 314,265 shares in the company, valued at approximately $52,673,956.65. The trade was a 2.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the company’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $167.61, for a total transaction of $1,284,730.65. Following the sale, the chief executive officer directly owned 314,265 shares in the company, valued at approximately $52,673,956.65. The trade was a 2.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 551,049 shares of company stock worth $84,434,930 in the last quarter. 36.66% of the stock is owned by corporate insiders.

Atlassian News Summary

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

Wall Street Analysts Forecast Growth

TEAM has been the topic of a number of recent analyst reports. Macquarie decreased their target price on shares of Atlassian from $250.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. Wells Fargo & Company initiated coverage on shares of Atlassian in a research report on Tuesday, September 30th. They set an “overweight” rating and a $216.00 price objective on the stock. Sanford C. Bernstein lifted their target price on shares of Atlassian from $290.00 to $304.00 and gave the company an “outperform” rating in a research note on Tuesday, November 18th. BMO Capital Markets upped their target price on shares of Atlassian from $190.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Finally, UBS Group decreased their price target on Atlassian from $215.00 to $185.00 and set a “neutral” rating on the stock in a report on Friday, October 24th. Twenty-one analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Atlassian presently has a consensus rating of “Moderate Buy” and an average price target of $235.38.

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.