Penserra Capital Management LLC Grows Position in Atlassian Corporation PLC $TEAM

Penserra Capital Management LLC lifted its position in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 53.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,652 shares of the technology company’s stock after purchasing an additional 8,599 shares during the quarter. Penserra Capital Management LLC’s holdings in Atlassian were worth $3,935,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Capco Asset Management LLC acquired a new stake in Atlassian during the second quarter valued at $25,000. Physician Wealth Advisors Inc. raised its position in shares of Atlassian by 60.4% in the third quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock worth $26,000 after acquiring an additional 61 shares during the period. Atlantic Union Bankshares Corp boosted its stake in shares of Atlassian by 19,900.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company’s stock worth $32,000 after acquiring an additional 199 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of Atlassian by 447.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock valued at $42,000 after acquiring an additional 161 shares during the period. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Atlassian during the 3rd quarter valued at about $57,000. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Michael Cannon-Brookes sold 7,665 shares of the stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $105.14, for a total value of $805,898.10. Following the completion of the sale, the chief executive officer directly owned 291,270 shares in the company, valued at $30,624,127.80. This represents a 2.56% decrease in their ownership of the stock. The sale 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 business’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $105.14, for a total transaction of $805,898.10. Following the transaction, the director owned 291,270 shares in the company, valued at $30,624,127.80. The trade was a 2.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 551,049 shares of company stock valued at $81,277,257 in the last ninety days. Insiders own 36.66% of the company’s stock.

Atlassian Stock Down 6.3%

Shares of TEAM opened at $98.41 on Friday. The stock has a 50 day moving average price of $145.60 and a 200 day moving average price of $159.15. Atlassian Corporation PLC has a one year low of $97.93 and a one year high of $326.00. 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 $25.89 billion, a price-to-earnings ratio of -138.60, a PEG ratio of 16.27 and a beta of 0.88.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TEAM. Cantor Fitzgerald reduced their price target on Atlassian from $240.00 to $146.00 and set an “overweight” rating for the company in a report on Wednesday. BMO Capital Markets cut their price objective on Atlassian from $195.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday. KeyCorp decreased their target price on Atlassian from $250.00 to $210.00 and set an “overweight” rating on the stock in a research report on Thursday, October 23rd. Robert W. Baird cut their price target on shares of Atlassian from $230.00 to $170.00 and set an “outperform” rating for the company in a report on Monday, January 26th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $260.00 price objective on shares of Atlassian in a research report on Friday, October 31st. Twenty equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Atlassian has an average rating of “Moderate Buy” and an average price target of $221.44.

Atlassian News Summary

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Company raised near‑term and full‑year revenue guidance (Q3 revenue guided ~ $1.7B vs. consensus ~$1.6B; FY26 revenue guided ~ $6.4B vs. consensus ~$6.3B), signaling resilient enterprise demand and AI-driven spend. Atlassian raises annual revenue forecast
• Positive Sentiment: Q2 results beat expectations — EPS $1.22 vs. consensus $1.12 — showing improved profitability per share even as margins remain under pressure. Atlassian (TEAM) Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Atlassian is promoting AI integration via high‑profile partnerships (Williams F1 / Anthropic Claude), which supports the company’s enterprise AI story and potential product tie‑ins. Atlassian Uses Williams F1 AI Deal
• Neutral Sentiment: Marketing and brand visibility from the Williams F1 sponsorship (new livery, ads) raise the company’s profile but are unlikely to move fundamentals by themselves. Atlassian Williams F1 Team reveals bold new racing livery for 2026
• Negative Sentiment: Repeated insider selling from CEO Michael Cannon‑Brookes and co‑founder/director Scott Farquhar (multiple ~7,665‑share blocks disclosed) is creating investor concern about insider conviction and is adding near‑term selling pressure. SEC filing — CEO sale SEC filing — Director sale
• Negative Sentiment: Analysts trimmed price targets this week (e.g., Cantor Fitzgerald to $146; BMO to $135), which pressures sentiment despite some firms keeping constructive ratings. Cantor Fitzgerald price target BMO price target note
• Negative Sentiment: Broader software/AI sector volatility and recent headlines about disruptive AI offerings have made investors skittish, amplifying downside when company‑specific negatives occur. Software sector volatility from AI fears

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.