Atlassian Corporation PLC $TEAM Shares Bought by Citigroup Inc.

Citigroup Inc. lifted its holdings in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 32.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 617,626 shares of the technology company’s stock after buying an additional 150,854 shares during the period. Citigroup Inc. owned about 0.23% of Atlassian worth $98,635,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of brokerages have issued reports on TEAM. Guggenheim dropped their target price on shares of Atlassian from $225.00 to $190.00 and set a “buy” rating for the company in a report on Friday, February 6th. Macquarie Infrastructure lowered their price target on Atlassian from $250.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. BTIG Research dropped their price objective on Atlassian from $220.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Morgan Stanley decreased their target price on Atlassian from $320.00 to $290.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Finally, Jefferies Financial Group set a $150.00 price target on Atlassian in a research report on Friday, February 6th. Twenty research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $189.32.

Atlassian Trading Down 5.3%

Atlassian stock opened at $75.98 on Monday. The stock has a 50-day moving average price of $129.72 and a 200 day moving average price of $150.23. Atlassian Corporation PLC has a 52 week low of $75.01 and a 52 week high of $298.63. The stock has a market cap of $20.04 billion, a PE ratio of -105.53, a P/E/G ratio of 63.42 and a beta of 0.88. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.62.

Atlassian (NASDAQ:TEAM) last released its earnings results on Thursday, February 5th. The technology company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.10. Atlassian had a negative return on equity of 6.33% and a negative net margin of 3.29%.The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the prior year, the business posted $0.96 earnings per share. The firm’s revenue for the quarter was up 23.3% compared to the same quarter last year. Equities research analysts predict that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Key Stories Impacting Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: LinkedIn’s CFO is joining Atlassian — an experienced finance executive hire that can bolster leadership depth and investor confidence. LinkedIn CFO jumps to Atlassian
• Positive Sentiment: A Seeking Alpha piece upgraded TEAM to “Strong Buy,” citing accelerating revenue growth, a rising RPO/backlog, high gross margins and improved pro forma operating margins — a fundamental read that supports a recovery thesis. Atlassian: Trust Growth Acceleration And RPO Buildup (Upgrade)
• Positive Sentiment: Coverage noting Q2 performance is driving optimism about Atlassian’s growth trajectory and backlog, reinforcing the view that recent share weakness is more sentiment-driven than fundamental. Second Quarter Performance Drives Optimism Around Atlassian (TEAM)
• Neutral Sentiment: Sector context — peers like RingCentral and Five9 rallied on AI-related positive results, showing mixed sentiment in software: some firms benefit from AI tailwinds while others face selling pressure. This is a market-level factor rather than a TEAM-specific catalyst. Beaten-down software stocks RingCentral and Five9 rally as earnings quell some AI concerns
• Neutral Sentiment: Reported short-interest data in the feed is anomalous (shows 0 shares / NaN changes) and provides no actionable signal; treat as unreliable until clarified by exchanges or official reports.
• Negative Sentiment: Multiple senior executives sold shares on Feb 19 (CFO Joseph Binz, CTO Rajeev Bashyam Rajan, CRO Brian Duffy, CAO Gene Liu). While these were relatively small percentages of holdings, clustered insider selling can raise investor concern on timing and outlook. SEC filings: SEC Filing — Joseph Leo Binz Sale SEC Filing — Rajeev Bashyam Rajan Sale SEC Filing — Brian Duffy Sale SEC Filing — Gene Liu Sale
• Negative Sentiment: Pomerantz LLP launched an investor investigation into Atlassian, which introduces legal/ reputational risk and can pressure shares while the inquiry proceeds. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Atlassian Corporation – TEAM

Insider Transactions at Atlassian

In other Atlassian news, CFO Joseph Leo Binz sold 1,653 shares of Atlassian stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $81.35, for a total value of $134,471.55. Following the transaction, the chief financial officer owned 208,639 shares in the company, valued at $16,972,782.65. This trade represents a 0.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CRO Brian Duffy sold 1,222 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $81.35, for a total transaction of $99,409.70. Following the sale, the executive directly owned 124,332 shares of the company’s stock, valued at $10,114,408.20. This represents a 0.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 451,111 shares of company stock valued at $65,028,521 in the last quarter. Insiders own 36.66% of the company’s stock.

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.