Bailard Inc. Lowers Position in Atlassian Corporation PLC $TEAM

Bailard Inc. decreased its holdings in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 84.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 2,584 shares of the technology company’s stock after selling 14,234 shares during the period. Bailard Inc.’s holdings in Atlassian were worth $413,000 at the end of the most recent reporting period.

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

Atlassian Trading Up 2.6%

NASDAQ:TEAM opened at $131.75 on Friday. The company has a market capitalization of $34.66 billion, a P/E ratio of -185.56, a PEG ratio of 19.89 and a beta of 0.88. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.72. Atlassian Corporation PLC has a 12 month low of $115.53 and a 12 month high of $326.00. The firm has a fifty day simple moving average of $150.71 and a 200-day simple moving average of $164.12.

Atlassian (NASDAQ:TEAM) last released its earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.21. Atlassian had a negative return on equity of 7.11% and a negative net margin of 3.38%.The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the prior year, the firm earned $0.77 EPS. The firm’s revenue was up 20.6% on a year-over-year basis. On average, equities research analysts anticipate that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

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

Insider Transactions at Atlassian

In other Atlassian news, Director Scott Farquhar sold 7,665 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 314,265 shares of the company’s stock, valued at approximately $52,673,956.65. This trade represents a 2.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Anutthara Bharadwaj sold 9,847 shares of Atlassian stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $152.46, for a total transaction of $1,501,273.62. Following the sale, the president owned 242,092 shares of the company’s stock, valued at approximately $36,909,346.32. The trade was a 3.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 566,379 shares of company stock worth $86,964,840 over the last three months. 36.66% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TEAM shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Atlassian in a research note on Wednesday. Sanford C. Bernstein lifted their price objective on shares of Atlassian from $290.00 to $304.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 18th. Truist Financial set a $210.00 target price on shares of Atlassian in a research report on Friday, October 31st. BMO Capital Markets upped their price target on Atlassian from $190.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Finally, Citigroup decreased their price objective on Atlassian from $240.00 to $210.00 and set a “buy” rating for the company in a report on Friday, January 16th. Twenty-one equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $235.38.

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.