Atlassian Corporation PLC $TEAM Stake Increased by Alight Capital Management LP

Alight Capital Management LP raised its stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 233.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,000 shares of the technology company’s stock after acquiring an additional 35,000 shares during the quarter. Atlassian makes up 1.7% of Alight Capital Management LP’s portfolio, making the stock its 21st biggest position. Alight Capital Management LP’s holdings in Atlassian were worth $7,985,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Capco Asset Management LLC acquired a new stake in shares of Atlassian in the 2nd quarter valued at about $25,000. Physician Wealth Advisors Inc. grew its stake in Atlassian by 60.4% in the third quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock worth $26,000 after purchasing an additional 61 shares in the last quarter. Atlantic Union Bankshares Corp increased its holdings in Atlassian by 19,900.0% in the third quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company’s stock valued at $32,000 after buying an additional 199 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in 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 buying an additional 161 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in Atlassian during the third quarter valued at approximately $57,000. 94.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Wells Fargo & Company decreased their target price on Atlassian from $216.00 to $155.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. UBS Group reissued a “neutral” rating and set a $105.00 price target on shares of Atlassian in a research report on Friday, February 6th. Canaccord Genuity Group set a $185.00 price objective on shares of Atlassian in a report on Friday, February 6th. Wolfe Research reiterated an “outperform” rating and set a $100.00 target price on shares of Atlassian in a research note on Thursday. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Atlassian in a report on Wednesday, January 21st. Twenty-one analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Atlassian has a consensus rating of “Moderate Buy” and an average target price of $185.12.

More Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Workforce cut framed as a productivity and margin play — several outlets reported the market initially viewed the ~1,600-job reduction as a disciplined step to reallocate resources toward higher-return AI and enterprise sales initiatives, which can support faster path to profitability. Atlassian shares rise after workforce reduction announcement
• Positive Sentiment: Analyst stance not uniformly bearish — the Street consensus remains constructive (a “Moderate Buy” in recent coverage) and Mizuho retains an outperform view despite lowering its price target to $185, signaling some analysts see material upside if the AI/enterprise pivot delivers. Atlassian Receives Consensus Recommendation of “Moderate Buy” Mizuho PT lowered to $185
• Neutral Sentiment: Short-interest reporting in recent data is unreliable/zero and doesn’t provide a meaningful signal for current positioning (tells us little about forced selling risk). (Data entry)
• Negative Sentiment: Significant one-time charges and leadership change — Atlassian disclosed an estimated $225M–$236M in restructuring charges and said longtime CTO Rajeev Rajan is stepping down; those details amplified downside as investors priced the near-term hit to earnings and execution risk around the AI pivot. Atlassian (TEAM) Is Down 11.1% After Restructuring To Fund AI And Enterprise Sales Pivot
• Negative Sentiment: Layoffs concentrated in R&D raise execution and product-cycle questions — reports note >900 R&D roles affected, which could slow product development even as the company shifts priorities; this feeds short-term uncertainty about roadmap delivery. Atlassian to reduce headcount by 10% as it restructures around AI
• Negative Sentiment: Reputational/strategic risk: critics warn of “AI-washing” — coverage and commentary question whether layoffs are genuine productivity moves or cosmetic AI repositioning, which can weigh on investor confidence if the strategy lacks clear near-term revenue pathways. Atlassian Layoffs Reignite Conversations Around The Rise Of AI Washing in 2026
• Negative Sentiment: Valuation and sentiment already under pressure — bearish price forecasts and a steep YTD/1‑yr decline have left the stock vulnerable to downside momentum if execution doubts persist. Atlassian Price Prediction: Down 66%, TEAM Could Hit $185 Next

Atlassian Stock Performance

TEAM stock opened at $75.21 on Friday. The company has a 50-day simple moving average of $104.18 and a 200 day simple moving average of $140.96. The company has a market capitalization of $19.84 billion, a P/E ratio of -104.46, a PEG ratio of 297.93 and a beta of 0.94. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.62. Atlassian Corporation PLC has a fifty-two week low of $67.85 and a fifty-two week high of $242.00.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings results on Thursday, February 5th. The technology company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.10. The company had revenue of $1.59 billion for 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%. Atlassian’s revenue was up 23.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.96 EPS. Sell-side analysts predict that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Insider Transactions at Atlassian

In other news, CTO Rajeev Bashyam Rajan sold 3,072 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $81.35, for a total value of $249,907.20. Following the sale, the chief technology officer 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Scott Farquhar sold 7,665 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $94.81, for a total value of $726,718.65. Following the completion of the sale, the director owned 275,940 shares of the company’s stock, valued at approximately $26,161,871.40. This trade represents a 2.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 343,273 shares of company stock valued at $48,101,379 over the last three months. 36.66% of the stock is owned by company insiders.

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.