Rajeev Bashyam Rajan Sells 3,072 Shares of Atlassian (NASDAQ:TEAM) Stock

Atlassian Corporation PLC (NASDAQ:TEAM) CTO Rajeev Bashyam Rajan sold 3,072 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $81.35, for a total value of $249,907.20. Following the completion of the transaction, the chief technology officer directly owned 212,916 shares in the company, valued at $17,320,716.60. The trade was a 1.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Atlassian Stock Performance

NASDAQ:TEAM traded down $4.28 during mid-day trading on Friday, hitting $75.98. 9,550,965 shares of the stock were exchanged, compared to its average volume of 6,146,748. The firm’s 50-day simple moving average is $129.72 and its 200 day simple moving average is $150.72. The stock has a market capitalization of $20.04 billion, a price-to-earnings ratio of -105.53, a price-to-earnings-growth ratio of 69.79 and a beta of 0.88. Atlassian Corporation PLC has a fifty-two week low of $75.01 and a fifty-two week high of $298.63. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.89 and a current ratio of 0.89.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings data 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 firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter last year, the business earned $0.96 EPS. The company’s quarterly revenue was up 23.3% compared to the same quarter last year. As a group, equities analysts anticipate that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Citigroup lowered their price objective on Atlassian from $210.00 to $160.00 and set a “buy” rating on the stock in a research note on Monday, February 9th. Barclays cut their price objective on shares of Atlassian from $215.00 to $165.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. Wall Street Zen lowered shares of Atlassian from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. BMO Capital Markets set a $130.00 price target on shares of Atlassian and gave the stock an “outperform” rating in a report on Friday, February 6th. Finally, Cantor Fitzgerald decreased their price objective on shares of Atlassian from $240.00 to $146.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 4th. Twenty investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Atlassian currently has a consensus rating of “Moderate Buy” and a consensus target price of $189.32.

Atlassian News Roundup

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: LinkedIn’s CFO is joining Atlassian — an experienced finance executive hire that can bolster leadership depth and investor confidence. LinkedIn CFO jumps to Atlassian
• Positive Sentiment: A Seeking Alpha piece upgraded TEAM to “Strong Buy,” citing accelerating revenue growth, a rising RPO/backlog, high gross margins and improved pro forma operating margins — a fundamental read that supports a recovery thesis. Atlassian: Trust Growth Acceleration And RPO Buildup (Upgrade)
• Positive Sentiment: Coverage noting Q2 performance is driving optimism about Atlassian’s growth trajectory and backlog, reinforcing the view that recent share weakness is more sentiment-driven than fundamental. Second Quarter Performance Drives Optimism Around Atlassian (TEAM)
• Neutral Sentiment: Sector context — peers like RingCentral and Five9 rallied on AI-related positive results, showing mixed sentiment in software: some firms benefit from AI tailwinds while others face selling pressure. This is a market-level factor rather than a TEAM-specific catalyst. Beaten-down software stocks RingCentral and Five9 rally as earnings quell some AI concerns
• Neutral Sentiment: Reported short-interest data in the feed is anomalous (shows 0 shares / NaN changes) and provides no actionable signal; treat as unreliable until clarified by exchanges or official reports.
• Negative Sentiment: Multiple senior executives sold shares on Feb 19 (CFO Joseph Binz, CTO Rajeev Bashyam Rajan, CRO Brian Duffy, CAO Gene Liu). While these were relatively small percentages of holdings, clustered insider selling can raise investor concern on timing and outlook. SEC filings: SEC Filing — Joseph Leo Binz Sale SEC Filing — Rajeev Bashyam Rajan Sale SEC Filing — Brian Duffy Sale SEC Filing — Gene Liu Sale
• Negative Sentiment: Pomerantz LLP launched an investor investigation into Atlassian, which introduces legal/ reputational risk and can pressure shares while the inquiry proceeds. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Atlassian Corporation – TEAM

Institutional Investors Weigh In On Atlassian

Several hedge funds have recently added to or reduced their stakes in TEAM. Physician Wealth Advisors Inc. raised its stake in shares of Atlassian by 60.4% during the third quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock valued at $26,000 after acquiring an additional 61 shares during the last quarter. GAMMA Investing LLC increased its holdings in Atlassian by 12.0% in the fourth quarter. GAMMA Investing LLC now owns 615 shares of the technology company’s stock valued at $100,000 after purchasing an additional 66 shares during the period. Snowden Capital Advisors LLC raised its position in Atlassian by 1.6% during the 2nd quarter. Snowden Capital Advisors LLC now owns 4,464 shares of the technology company’s stock worth $907,000 after purchasing an additional 71 shares during the last quarter. Financial Perspectives Inc lifted its holdings in Atlassian by 11.7% during the 4th quarter. Financial Perspectives Inc now owns 718 shares of the technology company’s stock worth $116,000 after buying an additional 75 shares during the period. Finally, Cetera Investment Advisers grew its position in shares of Atlassian by 0.3% in the 2nd quarter. Cetera Investment Advisers now owns 24,808 shares of the technology company’s stock valued at $5,038,000 after buying an additional 79 shares during the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

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.