Strengthening Families & Communities LLC Increases Position in Atlassian Corporation PLC $TEAM

Strengthening Families & Communities LLC raised its holdings in Atlassian Corporation PLC (NASDAQ:TEAM) by 3,102.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,084 shares of the technology company’s stock after acquiring an additional 5,894 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Atlassian were worth $971,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in TEAM. NewEdge Advisors LLC increased its holdings in Atlassian by 71.6% during the 1st quarter. NewEdge Advisors LLC now owns 5,432 shares of the technology company’s stock worth $1,153,000 after purchasing an additional 2,267 shares during the period. Empowered Funds LLC grew its position 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 worth $995,000 after buying an additional 1,328 shares during the last quarter. Focus Partners Wealth grew its holdings in Atlassian by 32.6% in the first quarter. Focus Partners Wealth now owns 4,122 shares of the technology company’s stock worth $875,000 after purchasing an additional 1,014 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in 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 buying an additional 161 shares during the last quarter. Finally, Sivia Capital Partners LLC grew its stake in shares of Atlassian by 27.5% during the second quarter. Sivia Capital Partners LLC now owns 1,873 shares of the technology company’s stock worth $380,000 after acquiring an additional 404 shares during the last quarter. 94.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on TEAM. Piper Sandler restated an “overweight” rating on shares of Atlassian in a research note on Tuesday, January 13th. Macquarie decreased their target price on shares of Atlassian from $250.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. Robert W. Baird reduced their price target on Atlassian from $230.00 to $170.00 and set an “outperform” rating for the company in a report on Monday, January 26th. KeyCorp decreased their price objective on shares of Atlassian from $250.00 to $210.00 and set an “overweight” rating on the stock in a report on Thursday, October 23rd. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $240.00 price target on shares of Atlassian in a research note on Friday, October 31st. Twenty equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $227.60.

Insider Activity at Atlassian

In other news, CEO Michael Cannon-Brookes sold 7,665 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $119.15, for a total transaction of $913,284.75. Following the completion of the transaction, the chief executive officer directly owned 314,265 shares of the company’s stock, valued at $37,444,674.75. This trade represents a 2.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Scott Farquhar sold 7,665 shares of the stock in a transaction on Friday, January 30th. The stock was sold at an average price of $119.15, for a total transaction of $913,284.75. Following the transaction, the director owned 314,265 shares of the company’s stock, valued at $37,444,674.75. The trade was a 2.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 551,049 shares of company stock worth $82,759,668 in the last 90 days. Company insiders own 36.66% of the company’s stock.

Key Headlines Impacting Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Atlassian and Anthropic/Williams F1 announced a multi?year partnership to integrate Anthropic’s Claude across the Williams F1 team, highlighting Atlassian’s positioning in AI partnerships and product integration opportunities that could support enterprise demand and brand visibility. Anthropic and Atlassian Williams F1 Team announce multi-year partnership
• Positive Sentiment: Analyst preview from Zacks expects Q2 to benefit from strong cloud adoption, AI tools and continued demand for Jira and Confluence — a fundamental tailwind that supports revenue growth expectations ahead of earnings. Atlassian to Report Q2 Earnings: What’s in Store for the Stock?
• Neutral Sentiment: Media commentary notes Atlassian may have upside despite broader negative sentiment in the software sector; this is more thematic and less company?specific. Atlassian Corporation (TEAM) has upside despite negative software sentiment
• Neutral Sentiment: Reported short interest data shows effectively zero reported short shares and a 0.0 days?to?cover metric — a technical data point that currently appears immaterial to price pressure.
• Negative Sentiment: CEO Michael Cannon?Brookes sold 7,665 shares on Jan. 30 at an average $119.15 (?$913K), reducing his stake ~2.38%; insider selling can create near?term negative sentiment among investors. SEC filing — CEO sale
• Negative Sentiment: Director Scott Farquhar sold an identical block (7,665 shares at $119.15) on Jan. 30, also reducing his stake ~2.38%; combined insider sales from top executives amplify concerns about conviction even if sales may be routine or for diversification. SEC filing — Director sale

Atlassian Trading Down 3.8%

TEAM opened at $113.70 on Tuesday. The stock has a market capitalization of $29.92 billion, a P/E ratio of -160.14, a P/E/G ratio of 18.30 and a beta of 0.88. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.72. Atlassian Corporation PLC has a 12 month low of $113.47 and a 12 month high of $326.00. The firm’s fifty day simple moving average is $148.33 and its 200 day simple moving average is $160.59.

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.