Exane Asset Management Purchases Shares of 6,033 Atlassian Corporation PLC $TEAM

Exane Asset Management acquired a new position in Atlassian Corporation PLC (NASDAQ:TEAM) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,033 shares of the technology company’s stock, valued at approximately $963,000. Atlassian makes up 0.3% of Exane Asset Management’s investment portfolio, making the stock its 14th biggest holding.

A number of other large investors also recently modified their holdings of TEAM. Capco Asset Management LLC bought a new stake in Atlassian in the 2nd quarter worth approximately $25,000. Geneos Wealth Management Inc. lifted its holdings in shares of Atlassian by 447.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock worth $42,000 after acquiring an additional 161 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Atlassian in the 3rd quarter valued at $57,000. Quent Capital LLC bought a new position in shares of Atlassian during the 3rd quarter valued at $60,000. Finally, Virtus Advisers LLC bought a new stake in Atlassian in the second quarter worth $61,000. 94.45% of the stock is owned by hedge funds and other institutional investors.

Atlassian News Summary

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Atlassian renewed its long-term, fan-first partnership with Williams F1 (continued brand exposure and marketing momentum). Atlassian Williams F1 Team and Kraken renew long-term fan-first partnership
• Positive Sentiment: Sparco joined the Atlassian Williams F1 Team as the official racewear and technical apparel supplier (another marketing/brand partnership). Sparco joins Atlassian Williams F1 Team as Official Racewear and Technical Apparel Supplier
• Neutral Sentiment: Reported short-interest data is inconsistent (entries list a “large increase” but show zero shares and a 0.0 days short-interest ratio), so short activity is not a clear driver based on this release. (Data appears unreliable.)
• Neutral Sentiment: Coverage explaining the day’s move is available and summarizes the mix of items pressuring shares. Why Atlassian (TEAM) Shares Are Falling Today
• Negative Sentiment: Insider selling: CEO Michael Cannon-Brookes and Director Scott Farquhar each sold 7,665 shares at ~$136.93 (~$1.05M each), reducing their holdings by ~2.17% — a near-term negative signal for investor sentiment. SEC Filing – Insider Sale
• Negative Sentiment: Analyst action: Robert W. Baird lowered its price target from $230 to $170 (still an “outperform” rating), trimming upside expectations and likely adding downward pressure. Atlassian price target lowered at Baird
• Negative Sentiment: Investor litigation probe: Pomerantz LLP announced an investigation into Atlassian on behalf of investors, which can increase legal risk and weigh on the stock until resolved. Pomerantz investor alert

Atlassian Price Performance

Shares of TEAM stock opened at $133.86 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.26 and a current ratio of 1.26. Atlassian Corporation PLC has a fifty-two week low of $115.53 and a fifty-two week high of $326.00. The firm has a market cap of $35.22 billion, a P/E ratio of -188.53, a P/E/G ratio of 21.44 and a beta of 0.88. The business’s 50 day moving average price is $150.26 and its 200-day moving average price is $162.52.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings results on Thursday, October 30th. The technology company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates 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%.The firm’s revenue was up 20.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.77 earnings per share. On average, equities research analysts anticipate that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

TEAM has been the topic of several analyst reports. Mizuho decreased their price objective on Atlassian from $245.00 to $225.00 and set an “outperform” rating on the stock in a report on Wednesday, January 21st. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $230.00 price target on shares of Atlassian in a research note on Wednesday, October 22nd. Wells Fargo & Company began coverage on Atlassian in a research report on Tuesday, September 30th. They issued an “overweight” rating and a $216.00 price objective for the company. Zacks Research upgraded shares of Atlassian from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. Finally, BMO Capital Markets lifted their target price on shares of Atlassian from $190.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Twenty-one analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $231.54.

Insider Transactions at Atlassian

In other Atlassian news, CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $136.93, for a total transaction of $1,049,568.45. Following the sale, the chief executive officer directly owned 344,925 shares of the company’s stock, valued at approximately $47,230,580.25. The trade was a 2.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Scott Farquhar sold 7,665 shares of the company’s stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $136.93, for a total value of $1,049,568.45. Following the transaction, the director owned 344,925 shares in the company, valued at $47,230,580.25. This trade represents a 2.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 551,049 shares of company stock worth $84,075,059 in the last ninety days. Insiders own 36.66% of the company’s stock.

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.