Atlassian Corporation PLC $TEAM Position Raised by DNB Asset Management AS

DNB Asset Management AS grew its position in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 266.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,806,888 shares of the technology company’s stock after purchasing an additional 2,041,210 shares during the quarter. Atlassian makes up about 1.7% of DNB Asset Management AS’s portfolio, making the stock its 9th biggest holding. DNB Asset Management AS owned 1.07% of Atlassian worth $448,260,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in TEAM. Physician Wealth Advisors Inc. grew its position in Atlassian by 60.4% during the third quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock valued at $26,000 after buying an additional 61 shares during the period. Snowden Capital Advisors LLC boosted its stake in shares of Atlassian by 1.6% during the 2nd quarter. Snowden Capital Advisors LLC now owns 4,464 shares of the technology company’s stock worth $907,000 after acquiring an additional 71 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Atlassian by 0.3% during the 2nd quarter. Cetera Investment Advisers now owns 24,808 shares of the technology company’s stock valued at $5,038,000 after acquiring an additional 79 shares during the period. ABN Amro Investment Solutions grew its position in shares of Atlassian by 3.4% during the 3rd quarter. ABN Amro Investment Solutions now owns 2,452 shares of the technology company’s stock valued at $392,000 after acquiring an additional 80 shares during the period. Finally, Allegiance Financial Group Advisory Services LLC increased its stake in shares of Atlassian by 6.6% in the 3rd quarter. Allegiance Financial Group Advisory Services LLC now owns 1,307 shares of the technology company’s stock valued at $209,000 after purchasing an additional 81 shares in the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TEAM has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered their price target on Atlassian from $216.00 to $155.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. The Goldman Sachs Group reiterated a “buy” rating and set a $260.00 target price on shares of Atlassian in a research report on Friday, October 31st. Weiss Ratings reissued a “sell (e+)” rating on shares of Atlassian in a research note on Wednesday, January 21st. Canaccord Genuity Group set a $185.00 price objective on shares of Atlassian in a research report on Friday, February 6th. Finally, Guggenheim decreased their price objective on shares of Atlassian from $225.00 to $190.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Twenty investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $189.32.

Insiders Place Their Bets

In related news, CRO Brian Duffy sold 1,222 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $81.35, for a total transaction of $99,409.70. Following the completion of the sale, the executive directly owned 124,332 shares in the company, valued at approximately $10,114,408.20. This trade represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $94.81, for a total transaction of $726,718.65. Following the transaction, the chief executive officer directly owned 275,940 shares in the company, valued at $26,161,871.40. This trade represents a 2.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 420,451 shares of company stock worth $60,453,896. 36.66% of the stock is currently owned by company insiders.

Atlassian Stock Up 8.5%

TEAM stock opened at $79.43 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average of $122.66 and a two-hundred day moving average of $147.82. Atlassian Corporation PLC has a 12 month low of $67.85 and a 12 month high of $295.91. The company has a market cap of $20.95 billion, a price-to-earnings ratio of -110.32, a PEG ratio of 61.09 and a beta of 0.88.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings results on Thursday, February 5th. The technology company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period in the prior year, the business earned $0.96 earnings per share. The business’s revenue was up 23.3% compared to the same quarter last year. As a group, analysts forecast 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: Launched “Agents” in Jira (open beta) to scale human–AI collaboration across enterprise workflows — a direct product catalyst investors view as accelerating monetization of AI. Atlassian Introduces Agents in Jira to Drive Human-AI Collaboration at Enterprise Scale
• Positive Sentiment: Coverage highlighting Atlassian’s AI push and strategy to integrate AI across its product stack reinforces the growth narrative supporting upside expectations. Atlassian Bets on AI Integration to Drive Future Growth
• Positive Sentiment: Analyst coverage remains largely bullish — articles note ~80% of analysts still rate TEAM a buy with a consensus target well above the current level, which supports the rally and investor confidence. Atlassian (TEAM)’s Strong Fundamentals Retains Analyst Confidence
• Neutral Sentiment: Marketing and brand partnerships (Atlassian Williams F1 Team fan zones, M&S travel kit partner) boost visibility but are unlikely to move near-term revenue materially. Atlassian Williams F1 Team Fan Zone presented by Kraken kicks off the season in Melbourne
• Neutral Sentiment: Short-interest notices show anomalous/zero values and NaN changes — the data appears unreliable; if genuine, low short interest reduces immediate squeeze risk, but treat these reports cautiously. (short-interest notices)
• Negative Sentiment: Pomerantz LLP opened an investor investigation — legal scrutiny can pressure the stock and increase volatility until details are resolved. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Atlassian Corporation – TEAM
• Negative Sentiment: Major price-target cut reported (≈23.9% reduction) and recent reporting of insider selling and a new 52-week low add downward pressure and highlight ongoing valuation concerns. Atlassian (TEAM) price target decreased by 23.90% to 178.95 Atlassian (NASDAQ:TEAM) Hits New 52-Week Low Following Insider Selling
• Negative Sentiment: Broader narrative pieces note the stock has been deeply sold off (large YTD and 1-year declines) despite buy ratings — this mismatch can lead to volatile trading and mixed investor reactions. Atlassian Stock Is Down 76% But 25 Analysts Still Call It a Buy

About Atlassian

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.