Atlassian Corporation PLC $TEAM Stake Raised by DNB Asset Management AS

DNB Asset Management AS grew its holdings in Atlassian Corporation PLC (NASDAQ:TEAM) by 266.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,806,888 shares of the technology company’s stock after purchasing an additional 2,041,210 shares during the period. Atlassian makes up 1.7% of DNB Asset Management AS’s investment portfolio, making the stock its 9th largest position. DNB Asset Management AS’s holdings in Atlassian were worth $448,260,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. NewEdge Advisors LLC boosted its stake in Atlassian by 71.6% during the first quarter. NewEdge Advisors LLC now owns 5,432 shares of the technology company’s stock worth $1,153,000 after buying an additional 2,267 shares during the period. Empowered Funds LLC raised its stake in shares of Atlassian by 39.5% in the 1st quarter. Empowered Funds LLC now owns 4,689 shares of the technology company’s stock valued at $995,000 after acquiring an additional 1,328 shares during the period. Focus Partners Wealth lifted its holdings in shares of Atlassian by 32.6% in the 1st quarter. Focus Partners Wealth now owns 4,122 shares of the technology company’s stock worth $875,000 after acquiring an additional 1,014 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Atlassian by 447.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock worth $42,000 after purchasing an additional 161 shares during the period. Finally, Sivia Capital Partners LLC increased its holdings in Atlassian by 27.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,873 shares of the technology company’s stock valued at $380,000 after purchasing an additional 404 shares during the last quarter. 94.45% of the stock is owned by institutional investors and hedge funds.

Atlassian Trading Up 8.5%

TEAM opened at $79.43 on Friday. Atlassian Corporation PLC has a one year low of $67.85 and a one year high of $295.91. The company has a market cap of $20.95 billion, a P/E ratio of -110.32, a PEG ratio of 61.09 and a beta of 0.88. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.89 and a current ratio of 0.89. The business’s 50-day simple moving average is $122.66 and its 200-day simple moving average is $147.82.

Atlassian (NASDAQ:TEAM) last posted its earnings results on Thursday, February 5th. The technology company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.10. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Atlassian had a negative return on equity of 6.33% and a negative net margin of 3.29%.The firm’s revenue was up 23.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.96 earnings per share. As a group, equities research analysts expect that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Analysts Set New Price Targets

TEAM has been the topic of a number of research reports. KeyCorp decreased their price target on Atlassian from $210.00 to $170.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. Guggenheim decreased their target price on Atlassian from $225.00 to $190.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Morgan Stanley lowered their target price on Atlassian from $320.00 to $290.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Citigroup cut their price target 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. Finally, Macquarie Infrastructure dropped their price objective on shares of Atlassian from $250.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Twenty equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $189.32.

Insider Buying and Selling at Atlassian

In related news, CEO Michael Cannon-Brookes sold 7,665 shares of the business’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 chief executive officer directly owned 275,940 shares of the company’s stock, valued at $26,161,871.40. The trade was a 2.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $726,718.65. Following the completion of the transaction, the director owned 275,940 shares of the company’s stock, valued at $26,161,871.40. This represents a 2.70% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 420,451 shares of company stock worth $60,453,896. 36.66% of the stock is owned by insiders.

Atlassian News Roundup

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Launched “Agents” in Jira (open beta) to scale human–AI collaboration across enterprise workflows — a direct product catalyst investors view as accelerating monetization of AI. Atlassian Introduces Agents in Jira to Drive Human-AI Collaboration at Enterprise Scale
• Positive Sentiment: Coverage highlighting Atlassian’s AI push and strategy to integrate AI across its product stack reinforces the growth narrative supporting upside expectations. Atlassian Bets on AI Integration to Drive Future Growth
• Positive Sentiment: Analyst coverage remains largely bullish — articles note ~80% of analysts still rate TEAM a buy with a consensus target well above the current level, which supports the rally and investor confidence. Atlassian (TEAM)’s Strong Fundamentals Retains Analyst Confidence
• Neutral Sentiment: Marketing and brand partnerships (Atlassian Williams F1 Team fan zones, M&S travel kit partner) boost visibility but are unlikely to move near-term revenue materially. Atlassian Williams F1 Team Fan Zone presented by Kraken kicks off the season in Melbourne
• Neutral Sentiment: Short-interest notices show anomalous/zero values and NaN changes — the data appears unreliable; if genuine, low short interest reduces immediate squeeze risk, but treat these reports cautiously. (short-interest notices)
• Negative Sentiment: Pomerantz LLP opened an investor investigation — legal scrutiny can pressure the stock and increase volatility until details are resolved. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Atlassian Corporation – TEAM
• Negative Sentiment: Major price-target cut reported (≈23.9% reduction) and recent reporting of insider selling and a new 52-week low add downward pressure and highlight ongoing valuation concerns. Atlassian (TEAM) price target decreased by 23.90% to 178.95 Atlassian (NASDAQ:TEAM) Hits New 52-Week Low Following Insider Selling
• Negative Sentiment: Broader narrative pieces note the stock has been deeply sold off (large YTD and 1-year declines) despite buy ratings — this mismatch can lead to volatile trading and mixed investor reactions. Atlassian Stock Is Down 76% But 25 Analysts Still Call It a Buy

Atlassian Company 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.