Elwood Capital Partners LP Has $3.33 Million Stake in Atlassian Corporation PLC $TEAM

Elwood Capital Partners LP cut its position in Atlassian Corporation PLC (NASDAQ:TEAM) by 32.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 20,866 shares of the technology company’s stock after selling 10,022 shares during the quarter. Atlassian comprises 2.0% of Elwood Capital Partners LP’s portfolio, making the stock its 12th biggest holding. Elwood Capital Partners LP’s holdings in Atlassian were worth $3,332,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. DNB Asset Management AS increased its stake in Atlassian by 266.6% in the third quarter. DNB Asset Management AS now owns 2,806,888 shares of the technology company’s stock valued at $448,260,000 after acquiring an additional 2,041,210 shares during the last quarter. Norges Bank bought a new position in shares of Atlassian in the second quarter worth about $377,794,000. Artisan Partners Limited Partnership boosted its stake in shares of Atlassian by 66.3% in the 2nd quarter. Artisan Partners Limited Partnership now owns 3,878,133 shares of the technology company’s stock valued at $787,610,000 after purchasing an additional 1,545,546 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Atlassian by 6.0% during the 3rd quarter. Vanguard Group Inc. now owns 18,479,561 shares of the technology company’s stock valued at $2,951,186,000 after purchasing an additional 1,049,483 shares during the last quarter. Finally, Swedbank AB increased its position in Atlassian by 139.6% during the 3rd quarter. Swedbank AB now owns 1,372,976 shares of the technology company’s stock worth $219,264,000 after purchasing an additional 800,000 shares in the last quarter. Institutional investors own 94.45% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on TEAM shares. Oppenheimer dropped their price target on Atlassian from $275.00 to $150.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. Barclays dropped their target price on Atlassian from $215.00 to $165.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. UBS Group restated a “neutral” rating and set a $105.00 price target on shares of Atlassian in a report on Friday, February 6th. Jefferies Financial Group set a $150.00 target price on shares of Atlassian in a research report on Friday, February 6th. Finally, Piper Sandler restated an “overweight” rating and issued a $200.00 price target (down from $280.00) on shares of Atlassian in a research report on Friday, February 6th. Twenty-one equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $185.12.

Insider Buying and Selling at Atlassian

In other news, Director Scott Farquhar sold 7,665 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $94.81, for a total value of $726,718.65. Following the transaction, the director directly owned 275,940 shares of the company’s stock, valued at $26,161,871.40. The trade was a 2.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $94.81, for a total value of $726,718.65. Following the sale, the chief executive officer owned 275,940 shares in the company, valued at approximately $26,161,871.40. The trade was a 2.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 343,273 shares of company stock valued at $48,101,379. 36.66% of the stock is owned by corporate insiders.

Atlassian Stock Performance

Shares of TEAM stock opened at $75.21 on Friday. The stock has a market capitalization of $19.84 billion, a PE ratio of -104.46, a PEG ratio of 297.93 and a beta of 0.94. The business’s 50 day simple moving average is $104.18 and its 200 day simple moving average is $140.96. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.89 and a quick ratio of 0.89. Atlassian Corporation PLC has a one year low of $67.85 and a one year high of $242.00.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings results on Thursday, February 5th. The technology company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.10. Atlassian had a negative net margin of 3.29% and a negative return on equity of 6.33%. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the previous year, the company earned $0.96 EPS. The company’s revenue for the quarter was up 23.3% on a year-over-year basis. As a group, research analysts forecast that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Atlassian News Summary

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Workforce cut framed as a productivity and margin play — several outlets reported the market initially viewed the ~1,600-job reduction as a disciplined step to reallocate resources toward higher-return AI and enterprise sales initiatives, which can support faster path to profitability. Atlassian shares rise after workforce reduction announcement
• Positive Sentiment: Analyst stance not uniformly bearish — the Street consensus remains constructive (a “Moderate Buy” in recent coverage) and Mizuho retains an outperform view despite lowering its price target to $185, signaling some analysts see material upside if the AI/enterprise pivot delivers. Atlassian Receives Consensus Recommendation of “Moderate Buy” Mizuho PT lowered to $185
• Neutral Sentiment: Short-interest reporting in recent data is unreliable/zero and doesn’t provide a meaningful signal for current positioning (tells us little about forced selling risk). (Data entry)
• Negative Sentiment: Significant one-time charges and leadership change — Atlassian disclosed an estimated $225M–$236M in restructuring charges and said longtime CTO Rajeev Rajan is stepping down; those details amplified downside as investors priced the near-term hit to earnings and execution risk around the AI pivot. Atlassian (TEAM) Is Down 11.1% After Restructuring To Fund AI And Enterprise Sales Pivot
• Negative Sentiment: Layoffs concentrated in R&D raise execution and product-cycle questions — reports note >900 R&D roles affected, which could slow product development even as the company shifts priorities; this feeds short-term uncertainty about roadmap delivery. Atlassian to reduce headcount by 10% as it restructures around AI
• Negative Sentiment: Reputational/strategic risk: critics warn of “AI-washing” — coverage and commentary question whether layoffs are genuine productivity moves or cosmetic AI repositioning, which can weigh on investor confidence if the strategy lacks clear near-term revenue pathways. Atlassian Layoffs Reignite Conversations Around The Rise Of AI Washing in 2026
• Negative Sentiment: Valuation and sentiment already under pressure — bearish price forecasts and a steep YTD/1?yr decline have left the stock vulnerable to downside momentum if execution doubts persist. Atlassian Price Prediction: Down 66%, TEAM Could Hit $185 Next

Atlassian 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.