Bailard Inc. Lowers Holdings in Atlassian Corporation PLC $TEAM

Bailard Inc. lowered its stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 84.6% in the third quarter, according to its most recent 13F filing with the SEC. The fund 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 quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Capco Asset Management LLC acquired a new stake in Atlassian during the second quarter worth about $25,000. Geneos Wealth Management Inc. lifted 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 acquiring an additional 161 shares during the period. Virtus Advisers LLC purchased a new stake in Atlassian in the 2nd quarter worth approximately $61,000. First Horizon Advisors Inc. boosted its position in 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 purchasing an additional 107 shares in the last quarter. Finally, Quent Capital LLC acquired a new stake in shares of Atlassian during the 3rd quarter worth approximately $60,000. Institutional investors and hedge funds own 94.45% of the company’s stock.

Atlassian Stock Up 2.6%

TEAM opened at $131.75 on Friday. The company has a market cap of $34.66 billion, a PE ratio of -185.56, a price-to-earnings-growth ratio of 19.89 and a beta of 0.88. Atlassian Corporation PLC has a twelve month low of $115.53 and a twelve month high of $326.00. The company has a 50-day moving average price of $150.71 and a 200 day moving average price of $164.12. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.72.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings data on Thursday, October 30th. The technology company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.83 by $0.21. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.40 billion. Atlassian had a negative return on equity of 7.11% and a negative net margin of 3.38%.Atlassian’s quarterly revenue was up 20.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.77 EPS. Sell-side analysts expect that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal 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 Activity at Atlassian

In other news, CEO Michael Cannon-Brookes sold 7,665 shares of the company’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $126.11, for a total transaction of $966,633.15. Following the completion of the sale, the chief executive officer owned 360,255 shares of the company’s stock, valued at $45,431,758.05. This represents a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Scott Farquhar sold 7,665 shares of the firm’s stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $126.11, for a total transaction of $966,633.15. Following the completion of the transaction, the director directly owned 360,255 shares in the company, valued at approximately $45,431,758.05. This represents a 2.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 566,379 shares of company stock valued at $86,964,840 over the last quarter. 36.66% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TEAM shares. Citigroup decreased their target price on shares of Atlassian from $240.00 to $210.00 and set a “buy” rating for the company in a research note on Friday, January 16th. TD Cowen decreased their price objective on shares of Atlassian from $205.00 to $175.00 and set a “hold” rating for the company in a research report on Tuesday. Weiss Ratings reissued a “sell (e+)” rating on shares of Atlassian in a research note on Wednesday. Robert W. Baird set a $230.00 price target on Atlassian in a research note on Friday, October 31st. Finally, Zacks Research raised Atlassian from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. Twenty-one investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $235.38.

Atlassian 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.