Woodline Partners LP Cuts Stock Position in Atlassian Corporation PLC $TEAM

Woodline Partners LP cut its holdings in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 9.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 139,379 shares of the technology company’s stock after selling 14,085 shares during the period. Woodline Partners LP owned about 0.05% of Atlassian worth $29,578,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of TEAM. Cetera Investment Advisers grew its position in shares of Atlassian by 11.3% during the fourth quarter. Cetera Investment Advisers now owns 20,639 shares of the technology company’s stock worth $5,023,000 after buying an additional 2,091 shares in the last quarter. Focus Partners Wealth acquired a new position in shares of Atlassian during the fourth quarter worth about $756,000. Gotham Asset Management LLC grew its position in shares of Atlassian by 17.0% during the fourth quarter. Gotham Asset Management LLC now owns 20,142 shares of the technology company’s stock worth $4,902,000 after buying an additional 2,926 shares in the last quarter. Jefferies Financial Group Inc. acquired a new position in shares of Atlassian during the fourth quarter worth about $1,702,000. Finally, Janus Henderson Group PLC grew its position in shares of Atlassian by 559.4% during the fourth quarter. Janus Henderson Group PLC now owns 102,531 shares of the technology company’s stock worth $24,952,000 after buying an additional 86,981 shares in the last quarter. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

Atlassian Price Performance

TEAM stock opened at $182.36 on Wednesday. The company has a market capitalization of $47.84 billion, a P/E ratio of -184.20 and a beta of 0.95. Atlassian Corporation PLC has a twelve month low of $154.07 and a twelve month high of $326.00. The business has a 50 day simple moving average of $184.52 and a 200-day simple moving average of $205.87. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.73.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. Atlassian had a negative return on equity of 14.77% and a negative net margin of 4.92%.The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the company earned $0.66 earnings per share. The company’s revenue was up 22.3% compared to the same quarter last year. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, equities analysts anticipate that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on TEAM shares. Barclays lowered their price objective on Atlassian from $244.00 to $215.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Cantor Fitzgerald lowered their price objective on Atlassian from $256.00 to $240.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Raymond James Financial lowered their price objective on Atlassian from $300.00 to $250.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Zacks Research raised Atlassian from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 20th. Finally, KeyCorp lowered their price target on Atlassian from $275.00 to $250.00 and set an “overweight” rating for the company in a report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $256.90.

Insiders Place Their Bets

In other Atlassian news, Director Scott Farquhar sold 7,665 shares of the stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $192.68, for a total value of $1,476,892.20. Following the completion of the transaction, the director owned 38,325 shares in the company, valued at approximately $7,384,461. This represents a 16.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $199.71, for a total value of $1,530,777.15. Following the completion of the transaction, the chief executive officer owned 22,995 shares of the company’s stock, valued at $4,592,331.45. The trade was a 25.00% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 536,278 shares of company stock worth $100,977,258. 38.55% of the stock is owned by corporate insiders.

Atlassian Company Profile

Atlassian Corporation, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its product portfolio includes Jira Software and Jira Work Management, a project management system that connects technical and business teams so they can better plan, organize, track and manage their work and projects; Confluence, a connected workspace that organizes knowledge across all teams to move work forward; and Trello, a collaboration and organization product that captures and adds structure to fluid and fast-forming work for teams.