Atlassian Corporation PLC $TEAM Shares Sold by iA Global Asset Management Inc.

iA Global Asset Management Inc. cut its position in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 21.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,041 shares of the technology company’s stock after selling 5,995 shares during the quarter. iA Global Asset Management Inc.’s holdings in Atlassian were worth $3,520,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Rakuten Investment Management Inc. acquired a new position in shares of Atlassian during the 3rd quarter worth $2,014,000. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in Atlassian by 10.3% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 109,672 shares of the technology company’s stock valued at $17,515,000 after acquiring an additional 10,209 shares during the last quarter. Chicago Partners Investment Group LLC increased its holdings in Atlassian by 100.4% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,942 shares of the technology company’s stock valued at $810,000 after acquiring an additional 2,476 shares in the last quarter. Allegiance Financial Group Advisory Services LLC raised its position in Atlassian by 6.6% during the third quarter. Allegiance Financial Group Advisory Services LLC now owns 1,307 shares of the technology company’s stock worth $209,000 after acquiring an additional 81 shares during the last quarter. Finally, Jackson Thornton Wealth Management LLC purchased a new stake in shares of Atlassian in the third quarter valued at about $371,000. Institutional investors and hedge funds own 94.45% of the company’s stock.

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

Insider Transactions at Atlassian

In other Atlassian news, Director Scott Farquhar sold 7,665 shares of the stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $167.61, for a total transaction of $1,284,730.65. Following the transaction, the director owned 314,265 shares of the company’s stock, 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 document filed with the SEC, which is accessible through this hyperlink. Also, President Anutthara Bharadwaj sold 9,847 shares of Atlassian stock in a transaction on Friday, November 14th. The shares were sold at an average price of $152.46, for a total transaction of $1,501,273.62. Following the completion of the transaction, the president owned 242,092 shares in the company, valued at approximately $36,909,346.32. This trade represents a 3.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 566,379 shares of company stock worth $86,964,840 in the last three months. Company insiders own 36.66% of the company’s stock.

Atlassian Price Performance

TEAM stock opened at $131.75 on Friday. The stock has a market capitalization of $34.66 billion, a price-to-earnings ratio of -185.56, a price-to-earnings-growth ratio of 19.89 and a beta of 0.88. 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 Corporation PLC has a 52-week low of $115.53 and a 52-week high of $326.00. The stock’s fifty day simple moving average is $150.71 and its 200-day simple moving average is $164.12.

Atlassian (NASDAQ:TEAM) last released its earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.21. Atlassian had a negative return on equity of 7.11% and a negative net margin of 3.38%.The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the prior year, the business posted $0.77 earnings per share. The firm’s revenue for the quarter was up 20.6% compared to the same quarter last year. Equities research analysts expect that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. The Goldman Sachs Group reissued a “buy” rating and set a $260.00 price objective on shares of Atlassian in a research note on Friday, October 31st. Mizuho lowered their target price on Atlassian from $245.00 to $225.00 and set an “outperform” rating on the stock in a report on Wednesday. Cantor Fitzgerald reissued an “overweight” rating and issued a $240.00 price target on shares of Atlassian in a report on Friday, October 31st. KeyCorp reduced their price objective on Atlassian from $250.00 to $210.00 and set an “overweight” rating on the stock in a research report on Thursday, October 23rd. Finally, TD Cowen dropped their price objective on Atlassian from $205.00 to $175.00 and set a “hold” rating for the company in a research report on Tuesday. Twenty-one research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Atlassian presently has a consensus rating of “Moderate Buy” and a consensus price target of $235.38.

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.