Baillie Gifford & Co. Acquires 316,276 Shares of Atlassian Corporation PLC $TEAM

Baillie Gifford & Co. increased its position in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 3.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,431,802 shares of the technology company’s stock after buying an additional 316,276 shares during the period. Atlassian accounts for 1.1% of Baillie Gifford & Co.’s holdings, making the stock its 21st biggest holding. Baillie Gifford & Co. owned about 3.20% of Atlassian worth $1,367,132,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of TEAM. Physician Wealth Advisors Inc. raised its stake in Atlassian by 60.4% during the third quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock worth $26,000 after buying an additional 61 shares during the last quarter. Atlantic Union Bankshares Corp raised its stake in Atlassian by 19,900.0% during the third quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company’s stock worth $32,000 after buying an additional 199 shares during the last quarter. Board of the Pension Protection Fund bought a new position in Atlassian during the fourth quarter worth $32,000. Geneos Wealth Management Inc. raised its stake in Atlassian by 447.2% during 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 during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in Atlassian during the third quarter worth $57,000. Institutional investors own 94.45% of the company’s stock.

Atlassian Stock Performance

TEAM opened at $57.15 on Monday. Atlassian Corporation PLC has a 1-year low of $56.01 and a 1-year high of $242.00. 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 company has a market cap of $15.07 billion, a P/E ratio of -79.37 and a beta of 0.99. The company has a fifty day moving average price of $77.62 and a two-hundred day moving average price of $126.06.

Atlassian (NASDAQ:TEAM) last posted its earnings results on Friday, February 6th. The technology company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.12 by $0.10. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.54 billion. Atlassian had a negative net margin of 3.29% and a negative return on equity of 6.33%. The firm’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.96 earnings per share. Analysts predict that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Key Headlines Impacting Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: AI upgrades to Confluence broaden product monetization potential — Atlassian rolled out AI features (including a “Remix” tool and partner agent integrations) that convert written content into richer, interactive outputs and position Confluence as a central collaboration hub rather than a static wiki. This could enhance user engagement and upsell opportunities if adoption follows. Atlassian AI Upgrades Put Confluence And TEAM Valuation In Focus
• Positive Sentiment: Revenue guidance nudged higher — Atlassian updated FY‑2026 and Q3 revenue targets around $6.4B (FY) and ~$1.7B (Q3), ahead of prior consensus, supporting the company’s top‑line growth narrative and providing a near‑term fundamental offset to negative headlines. (Guidance detail released by the company.)
• Neutral Sentiment: Earnings date set — Atlassian will report Q3 FY2026 results (period ended March 31) after the close on April 30 and host a 2:00 PM PT call. This upcoming report is a clear near‑term catalyst that could create volatility. Atlassian Announces Date for Third Quarter of Fiscal Year 2026 Financial Results
• Neutral Sentiment: Short interest data is noisy and not meaningful — recent short‑interest reporting in the feed shows no actionable change (data appears to be zero/NaN); ignore as a driver until clearer figures are posted.
• Negative Sentiment: Removal from the Nasdaq‑100 will force index flows out — Nasdaq announced Sandisk will replace Atlassian in the Nasdaq‑100 effective April 20. Passive funds and ETFs tracking the index will need to sell TEAM shares, creating predictable near‑term downward pressure on the stock. Sandisk Corporation to Join the Nasdaq-100 Index® Beginning April 20, 2026
• Negative Sentiment: Competitive AI product launches weigh on sentiment — Anthropic’s Managed Agents launch prompted investors to mark down TEAM amid concerns about competitive pressure in the AI collaboration/automation market; that development contributed to an earlier intraday share drop. Why Atlassian (TEAM) Shares Are Falling Today
• Negative Sentiment: Negative investor narratives and valuation skepticism persist — some commentary argues current valuation must be reset lower absent faster monetization, which can amplify selling during index‑driven outflows and competitive headlines. Why Atlassian Stock Dropped Today

Analyst Ratings Changes

A number of equities analysts recently weighed in on TEAM shares. BTIG Research lowered their target price on shares of 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 price target on shares of Atlassian from $320.00 to $290.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Barclays decreased their price target on shares of Atlassian from $215.00 to $165.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Zacks Research raised shares of Atlassian from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Finally, Citigroup decreased their price target on shares of Atlassian from $210.00 to $160.00 and set a “buy” rating for the company in a research note on Monday, February 9th. Twenty equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $176.22.

Insider Activity at Atlassian

In other news, CEO Michael Cannon-Brookes sold 7,665 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $94.81, for a total transaction of $726,718.65. Following the completion of the sale, the chief executive officer directly owned 275,940 shares of the company’s stock, valued at $26,161,871.40. The trade was a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Rajeev Bashyam Rajan sold 3,072 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $81.35, for a total transaction of $249,907.20. Following the sale, the chief technology officer directly owned 212,916 shares of the company’s stock, valued at approximately $17,320,716.60. The trade was a 1.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 159,313 shares of company stock valued at $18,987,103 over the last quarter. 36.66% of the stock is currently owned by company insiders.

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.