Wealthfront Advisers LLC Reduces Stake in Atlassian Corporation PLC $TEAM

Wealthfront Advisers LLC lessened its position in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 51.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,485 shares of the technology company’s stock after selling 8,000 shares during the quarter. Wealthfront Advisers LLC’s holdings in Atlassian were worth $1,195,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Atlassian by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 17,430,078 shares of the technology company’s stock valued at $3,539,875,000 after purchasing an additional 436,541 shares during the period. Artisan Partners Limited Partnership boosted its holdings in shares of Atlassian by 66.3% in the second quarter. Artisan Partners Limited Partnership now owns 3,878,133 shares of the technology company’s stock worth $787,610,000 after buying an additional 1,545,546 shares during the last quarter. Geode Capital Management LLC grew its position in Atlassian by 1.9% during the second quarter. Geode Capital Management LLC now owns 2,356,798 shares of the technology company’s stock valued at $476,800,000 after buying an additional 43,899 shares during the period. AQR Capital Management LLC increased its holdings in Atlassian by 12.7% during the second quarter. AQR Capital Management LLC now owns 1,933,851 shares of the technology company’s stock valued at $392,282,000 after buying an additional 218,564 shares during the last quarter. Finally, Norges Bank bought a new position in Atlassian in the second quarter worth approximately $377,794,000. 94.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. KeyCorp cut their price objective on shares of Atlassian from $210.00 to $170.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. Sanford C. Bernstein boosted their price target on Atlassian from $290.00 to $304.00 and gave the company an “outperform” rating in a report on Tuesday, November 18th. Truist Financial set a $210.00 price target on Atlassian in a research report on Friday, October 31st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $260.00 price objective on shares of Atlassian in a research report on Friday, October 31st. Finally, Jefferies Financial Group set a $150.00 target price on shares of Atlassian in a report on Friday, February 6th. Twenty analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $189.32.

Insiders Place Their Bets

In other news, Director Scott Farquhar sold 7,665 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $148.29, for a total transaction of $1,136,642.85. Following the completion of the transaction, the director owned 176,295 shares in the company, valued at $26,142,785.55. This trade represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the business’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $148.29, for a total value of $1,136,642.85. Following the completion of the sale, the chief executive officer owned 176,295 shares in the company, valued at $26,142,785.55. This represents a 4.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 497,847 shares of company stock valued at $72,254,722. 36.66% of the stock is owned by company insiders.

More Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Coverage noting Atlassian’s strong presence within the Nasdaq tech complex, highlighting visibility among peers and potential long-term market positioning. Atlassian (NASDAQ:TEAM) Shows Strong Nasdaq Composite Presence In Tech
• Neutral Sentiment: Recaps and Q&A from Atlassian’s Q4 earnings call providing detail on execution and management commentary — useful for fundamentals but not a clear immediate catalyst. The 5 most interesting analyst questions from Atlassian’s Q4 earnings call
• Neutral Sentiment: Coverage of Atlassian’s strategic shift (global changes and AI initiatives) that could support longer-term revenue/positioning; article frames these moves against a recent share-price slump — mixed near-term impact. Atlassian’s Global Shift And AI Push Versus Recent Share Price Slump
• Neutral Sentiment: Reported short-interest entries for Feb 12–13 show anomalous data (0 shares / NaN change and a 0.0 days ratio). The figures are unreliable as published and don’t provide a clear short-squeeze or bearish signal today.
• Negative Sentiment: Zacks published a bearish feature on TEAM (“Bear of the Day”), highlighting deteriorating sentiment versus prior highs — negative press that can amplify selling. Bear of the Day: Atlassian (TEAM)
• Negative Sentiment: Zacks Research downgraded TEAM from “hold” to “strong sell,” a formal analyst downgrade that increases downside pressure by signaling weaker near-term expectations. Zacks.com
• Negative Sentiment: Citi cut its price target on TEAM from $210 to $160, trimming upside expectations from a major sell-side firm — another direct hit to valuation sentiment. Citi cuts PT on Atlassian Corporation (TEAM) to $160 from $210 – here’s why
• Negative Sentiment: Pomerantz LLP opened an investor investigation into Atlassian, introducing legal risk and potential liability concerns that typically weigh on shares until resolved. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf Of Investors of Atlassian Corporation – TEAM

Atlassian Stock Performance

NASDAQ:TEAM opened at $84.38 on Monday. The stock has a 50-day moving average price of $137.78 and a 200 day moving average price of $153.92. The stock has a market capitalization of $22.25 billion, a P/E ratio of -117.19, a P/E/G ratio of 70.43 and a beta of 0.88. Atlassian Corporation PLC has a 12-month low of $83.17 and a 12-month high of $316.99. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.62.

Atlassian (NASDAQ:TEAM) last posted its quarterly 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. Atlassian had a negative return on equity of 6.33% and a negative net margin of 3.29%.The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the prior year, the company posted $0.96 EPS. The firm’s revenue for the quarter was up 23.3% compared to the same quarter last year. Equities research analysts forecast that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

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.