Rakuten Investment Management Inc. Makes New $2.01 Million Investment in Atlassian Corporation PLC $TEAM

Rakuten Investment Management Inc. bought a new position in shares of Atlassian Corporation PLC (NASDAQ:TEAM) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 12,614 shares of the technology company’s stock, valued at approximately $2,014,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capco Asset Management LLC acquired a new position in Atlassian during the second quarter worth about $25,000. Geneos Wealth Management Inc. lifted its stake in 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 purchasing an additional 161 shares in the last quarter. Virtus Advisers LLC acquired a new position in shares of Atlassian during the 2nd quarter worth approximately $61,000. First Horizon Advisors Inc. boosted its holdings in shares of Atlassian by 40.1% during 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 during the last quarter. Finally, Quent Capital LLC purchased a new stake in shares of Atlassian in the third quarter valued at approximately $60,000. 94.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. The Goldman Sachs Group reiterated a “buy” rating and set a $260.00 price objective on shares of Atlassian in a research report on Friday, October 31st. Mizuho reduced their price target on Atlassian from $245.00 to $225.00 and set an “outperform” rating on the stock in a report on Wednesday. Sanford C. Bernstein upped their price objective on shares of Atlassian from $290.00 to $304.00 and gave the company an “outperform” rating in a report on Tuesday, November 18th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $230.00 target price on shares of Atlassian in a research note on Wednesday, October 22nd. Finally, Piper Sandler reissued an “overweight” rating on shares of Atlassian in a research note on Tuesday, January 13th. Twenty-one equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $235.38.

Insiders Place Their Bets

In other news, Director Scott Farquhar sold 7,665 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $167.61, for a total transaction of $1,284,730.65. Following the completion of the transaction, the director directly owned 314,265 shares in the company, valued at $52,673,956.65. This trade represents a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction on Friday, October 31st. The shares were sold at an average price of $167.61, for a total value of $1,284,730.65. Following the completion of the sale, the chief executive officer directly owned 314,265 shares of the company’s stock, valued at $52,673,956.65. The trade was a 2.38% 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 worth $86,964,840 over the last ninety days. Corporate insiders own 36.66% of the company’s stock.

Atlassian Trading Up 2.6%

NASDAQ TEAM opened at $131.75 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market capitalization of $34.66 billion, a P/E ratio of -185.56, a PEG ratio of 19.89 and a beta of 0.88. The firm’s 50-day moving average is $150.71 and its two-hundred day moving average is $164.12. Atlassian Corporation PLC has a 12 month low of $115.53 and a 12 month high of $326.00.

Atlassian (NASDAQ:TEAM) last issued 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 firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.11%. The business’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.77 EPS. On average, sell-side analysts anticipate that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Atlassian News Roundup

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

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.