Insider Selling: Atlassian (NASDAQ:TEAM) CRO Sells $99,409.70 in Stock

Atlassian Corporation PLC (NASDAQ:TEAM) CRO Brian Duffy sold 1,222 shares of Atlassian stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $81.35, for a total transaction of $99,409.70. Following the completion of the transaction, the executive owned 124,332 shares of the company’s stock, valued at $10,114,408.20. The trade was a 0.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Atlassian Stock Down 5.3%

TEAM opened at $75.98 on Monday. Atlassian Corporation PLC has a 12 month low of $75.01 and a 12 month high of $298.63. The company has a market cap of $20.04 billion, a PE ratio of -105.53, a price-to-earnings-growth 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. The company has a 50 day moving average of $129.72 and a 200 day moving average of $150.23.

Atlassian (NASDAQ:TEAM) last posted its earnings results on Thursday, February 5th. The technology company reported $1.22 earnings per share (EPS) 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. The business’s quarterly revenue was up 23.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.96 earnings per share. On average, sell-side analysts expect that Atlassian Corporation PLC will post -0.34 EPS for the current 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

Institutional Trading of Atlassian

Hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. lifted its holdings in Atlassian by 50.7% in the third quarter. SBI Securities Co. Ltd. now owns 40,546 shares of the technology company’s stock worth $6,475,000 after buying an additional 13,643 shares during the period. Mediolanum International Funds Ltd raised its position in shares of Atlassian by 108.4% in the 3rd quarter. Mediolanum International Funds Ltd now owns 41,963 shares of the technology company’s stock worth $6,937,000 after acquiring an additional 21,829 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Atlassian by 20.3% in the 3rd quarter. Nordea Investment Management AB now owns 721,690 shares of the technology company’s stock worth $114,695,000 after acquiring an additional 121,541 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Atlassian by 3.7% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 258,299 shares of the technology company’s stock valued at $52,458,000 after purchasing an additional 9,274 shares during the period. Finally, Public Sector Pension Investment Board bought a new stake in shares of Atlassian during the third quarter valued at approximately $21,080,000. 94.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TEAM. Jefferies Financial Group set a $150.00 price target on shares of Atlassian in a report on Friday, February 6th. BTIG Research decreased their target price on shares of Atlassian from $220.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Citigroup lowered their target price on shares of Atlassian from $210.00 to $160.00 and set a “buy” rating on the stock in a research note on Monday, February 9th. Mizuho reduced their price target on shares of Atlassian from $225.00 to $205.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Finally, Cantor Fitzgerald lowered their price objective on Atlassian from $240.00 to $146.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 4th. Twenty research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $189.32.

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.