MGO One Seven LLC Invests $953,000 in Atlassian Corporation PLC $TEAM

MGO One Seven LLC purchased a new stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,965 shares of the technology company’s stock, valued at approximately $953,000.

Several other institutional investors have also added to or reduced their stakes in TEAM. Vanguard Group Inc. raised its holdings 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 worth $3,539,875,000 after acquiring an additional 436,541 shares in the last quarter. Artisan Partners Limited Partnership grew 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 valued at $787,610,000 after purchasing an additional 1,545,546 shares in the last quarter. Geode Capital Management LLC increased its position in Atlassian by 1.9% in the second quarter. Geode Capital Management LLC now owns 2,356,798 shares of the technology company’s stock worth $476,800,000 after purchasing an additional 43,899 shares during the last quarter. AQR Capital Management LLC raised its stake 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 purchasing an additional 218,564 shares in the last quarter. Finally, Norges Bank purchased a new stake in Atlassian during the second quarter valued at $377,794,000. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Atlassian Price Performance

Shares of TEAM stock opened at $118.55 on Friday. The stock has a 50 day moving average price of $153.84 and a 200 day moving average price of $167.16. Atlassian Corporation PLC has a 52-week low of $118.08 and a 52-week high of $326.00. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market capitalization of $31.19 billion, a P/E ratio of -166.97, a P/E/G ratio of 19.89 and a beta of 0.88.

Atlassian (NASDAQ:TEAM) last issued its earnings results on Thursday, October 30th. The technology company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.21. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.11%. The company’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 EPS. As a group, sell-side analysts predict 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: BTIG reaffirmed a “Buy” rating with a $220 target, which may attract value‑oriented buyers and limit downside. Atlassian (NASDAQ:TEAM) Earns Buy Rating from BTIG Research
• Positive Sentiment: Atlassian appointed Google alum Anil Sabharwal to the board, adding AI/product experience that could help execution on AI-enabled roadmap and partnerships. Atlassian Appoints Anil Sabharwal to Board of Directors
• Neutral Sentiment: PR and sponsorship items (Atlassian–Williams F1 coverage) and a Clovity hire to push regulated‑sector integrations improve brand/GTM visibility but are unlikely to move near‑term fundamentals. Why you should be supporting Atlassian Williams F1 Team
• Neutral Sentiment: Commentary asking whether TEAM should be reassessed after a steep one‑year decline highlights the valuation debate but provides no new company data. Is It Time To Reassess Atlassian (TEAM) After A 49% One-Year Share Price Fall?
• Negative Sentiment: Repeated insider selling by co‑founders Michael Cannon‑Brookes and Scott Farquhar — multiple sales of 7,665‑share lots in Dec–Jan — is pressuring sentiment and has been widely cited in stories about the stock hitting new lows. Insider sale SEC filing
• Negative Sentiment: Sector headwinds from “agentic” AI (e.g., Claude Code) raise the risk that autonomous coding/workflow agents could reduce demand for some standalone Atlassian licenses or compress pricing power over time. 3 Stocks to Avoid as Software Sector Stumbles
• Negative Sentiment: Citi and other outlets noting price‑target cuts/coverage changes in the software group add analyst pressure; media coverage of a new 12‑month low amplifies short‑term selling pressure. Atlassian, Datadog, Fastly in focus as Citi cuts price targets

Insider Buying and Selling at Atlassian

In related news, CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $120.82, for a total value of $926,085.30. Following the completion of the sale, the chief executive officer directly owned 383,250 shares in the company, valued at $46,304,265. The trade was a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Scott Farquhar sold 7,665 shares of the stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $120.82, for a total transaction of $926,085.30. Following the transaction, the director owned 383,250 shares in the company, valued at approximately $46,304,265. The trade was a 1.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 581,709 shares of company stock valued at $90,745,832 over the last quarter. Company insiders own 36.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. TD Cowen dropped their price objective on shares of Atlassian from $220.00 to $205.00 and set a “hold” rating for the company in a research note on Monday, October 27th. Macquarie reduced their price objective on Atlassian from $250.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. Truist Financial set a $210.00 price objective on Atlassian in a research report on Friday, October 31st. BMO Capital Markets lifted their target price on Atlassian from $190.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Finally, Bank of America assumed coverage on Atlassian in a research report on Tuesday, September 23rd. They set a “neutral” rating and a $200.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $237.31.

Atlassian Company 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.