New York State Common Retirement Fund Sells 54,239 Shares of Atlassian Corporation PLC $TEAM

New York State Common Retirement Fund decreased its position in Atlassian Corporation PLC (NASDAQ:TEAM) by 18.7% during the 3rd quarter, Holdings Channel reports. The firm owned 235,365 shares of the technology company’s stock after selling 54,239 shares during the period. New York State Common Retirement Fund’s holdings in Atlassian were worth $37,588,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in TEAM. Norges Bank bought a new stake in Atlassian in the 2nd quarter worth $377,794,000. Artisan Partners Limited Partnership boosted its holdings in shares of Atlassian by 66.3% during the second quarter. Artisan Partners Limited Partnership now owns 3,878,133 shares of the technology company’s stock worth $787,610,000 after purchasing an additional 1,545,546 shares during the period. Swedbank AB grew its stake in shares of Atlassian by 139.6% in the third 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 during the last quarter. DNB Asset Management AS grew its stake in shares of Atlassian by 2,676.8% in the second quarter. DNB Asset Management AS now owns 765,678 shares of the technology company’s stock worth $155,502,000 after purchasing an additional 738,104 shares during the last quarter. Finally, Marshall Wace LLP increased its holdings in Atlassian by 203.3% during the 2nd quarter. Marshall Wace LLP now owns 870,867 shares of the technology company’s stock valued at $176,864,000 after purchasing an additional 583,697 shares during the period. 94.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Atlassian

In related news, Director Scott Farquhar sold 7,665 shares of the stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $135.44, for a total transaction of $1,038,147.60. Following the sale, the director directly owned 321,930 shares of the company’s stock, valued at approximately $43,602,199.20. This represents a 2.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the firm’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $135.44, for a total transaction of $1,038,147.60. Following the sale, the chief executive officer owned 321,930 shares of the company’s stock, valued at approximately $43,602,199.20. This represents a 2.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 551,049 shares of company stock worth $83,581,893 over the last three months. Corporate insiders own 36.66% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Mizuho dropped their price objective on Atlassian from $245.00 to $225.00 and set an “outperform” rating for the company in a report on Wednesday, January 21st. TD Cowen cut their price target on shares of Atlassian from $205.00 to $175.00 and set a “hold” rating on the stock in a report on Tuesday, January 20th. Jefferies Financial Group set a $262.00 price objective on shares of Atlassian in a research report on Thursday, January 15th. Macquarie dropped their target price on shares of Atlassian from $250.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, November 3rd. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Atlassian in a research note on Wednesday, January 21st. Twenty equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $227.60.

Atlassian News Summary

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Marketing / brand exposure — Atlassian’s Williams F1 team added Wilkinson Sword as an official partner, which can help enterprise brand awareness and demand generation over time. Read More.
• Neutral Sentiment: AI competitive landscape — Coverage highlights Anthropic’s Cowork as a potential disruptor to collaboration/workflow tools; important context for long‑term competitive risk but speculative for immediate fundamentals. Read More.
• Neutral Sentiment: Context pieces explain drivers behind today’s selloff (useful background but not new company financials). Read More.
• Negative Sentiment: Insider selling — CEO Michael Cannon‑Brookes and director Scott Farquhar executed multiple same‑period share sales (several blocks of ~7,665 shares), signaling near‑term negative sentiment and adding selling supply. Read More.
• Negative Sentiment: Legal risk — Pomerantz LLP launched an investor investigation into Atlassian, which can prolong downward pressure until claims are clarified or dismissed. Read More.
• Negative Sentiment: Analyst / sell‑side pressure — Recent analyst target reductions and negative notes (coverage cited) reduce near‑term upside expectations and can accelerate selling. Read More.
• Negative Sentiment: Bearish momentum — Stock hit a new 52‑week low and reports cite higher short interest, which can amplify declines via momentum and short‑term trading flows. Read More.

Atlassian Trading Down 1.8%

Shares of NASDAQ TEAM opened at $118.18 on Friday. The stock has a market cap of $31.09 billion, a P/E ratio of -166.45, a price-to-earnings-growth ratio of 18.64 and a beta of 0.88. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.26 and a quick ratio of 1.26. Atlassian Corporation PLC has a 1 year low of $115.01 and a 1 year high of $326.00. The firm has a 50-day moving average of $148.99 and a 200 day moving average of $161.52.

Atlassian (NASDAQ:TEAM) last released its earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.21. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.40 billion. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.11%. The business’s revenue was up 20.6% on a year-over-year basis. During the same period last year, the business earned $0.77 earnings per share. As a group, sell-side analysts expect that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

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.