Atlassian (NASDAQ:TEAM) CFO Sells $1,561,362.30 in Stock

Atlassian Corporation PLC (NASDAQ:TEAM) CFO James Chuong sold 9,054 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $172.45, for a total value of $1,561,362.30. Following the completion of the transaction, the chief financial officer directly owned 279,218 shares of the company’s stock, valued at approximately $48,151,144.10. The trade was a 3.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Atlassian Price Performance

Atlassian stock opened at $171.81 on Friday. The stock has a 50-day moving average price of $105.84 and a two-hundred day moving average price of $89.49. Atlassian Corporation PLC has a 12 month low of $56.01 and a 12 month high of $184.00. The company has a market capitalization of $43.60 billion, a PE ratio of -904.26, a P/E/G ratio of 13.50 and a beta of 1.05. The company has a current ratio of 0.78, a quick ratio of 0.70 and a debt-to-equity ratio of 0.93.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings results on Friday, August 7th. The technology company reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.37. Atlassian had a positive return on equity of 20.99% and a negative net margin of 0.82%.The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same period in the previous year, the business posted $0.98 earnings per share. The business’s quarterly revenue was up 27.6% compared to the same quarter last year. Analysts expect that Atlassian Corporation PLC will post 0.94 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TEAM. AQR Capital Management LLC increased its position in shares of Atlassian by 291.4% during the fourth quarter. AQR Capital Management LLC now owns 7,749,694 shares of the technology company’s stock worth $1,256,535,000 after buying an additional 5,769,788 shares during the period. Norges Bank bought a new stake in Atlassian during the fourth quarter valued at $323,526,000. Morgan Stanley boosted its position in Atlassian by 52.4% during the fourth quarter. Morgan Stanley now owns 4,822,007 shares of the technology company’s stock valued at $781,841,000 after acquiring an additional 1,657,309 shares during the last quarter. Carmignac Gestion grew its holdings in Atlassian by 115.8% during the 1st quarter. Carmignac Gestion now owns 2,603,770 shares of the technology company’s stock worth $177,707,000 after acquiring an additional 1,397,402 shares during the period. Finally, KBC Group NV grew its holdings in Atlassian by 1,691.2% during the 1st quarter. KBC Group NV now owns 1,440,019 shares of the technology company’s stock worth $98,281,000 after acquiring an additional 1,359,624 shares during the period. Institutional investors and hedge funds own 94.45% of the company’s stock.

Key Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Atlassian’s latest quarterly results remain a key supporting factor: revenue rose 27.6% year over year to $1.77 billion, exceeding expectations, while earnings of $1.87 per share surpassed the $1.50 consensus estimate. Atlassian Just Pulled Off the Software Comeback Wall Street Wanted
• Positive Sentiment: Analyst sentiment remains generally favorable, with 24 Buy ratings, four Holds and one Sell. Recent firms raised price targets, including Truist to $185, Jefferies to $200 and Wells Fargo to $180, while the consensus target is approximately $177. Atlassian’s AI Pivot Is Starting to Challenge Wall Street’s Bear Case
• Neutral Sentiment: A comparison of Atlassian, HubSpot and Monday.com highlights significant differences in 2026 stock performance, suggesting that company-specific execution—not broad software-sector weakness—is driving investor returns. Which Software Stock Is Winning in 2026
• Negative Sentiment: Multiple executives reported stock sales on August 19. CFO James Chuong sold 9,054 shares worth about $1.6 million, reducing his direct holdings by roughly 3%; CAO Gene Liu sold 1,125 shares worth $196,875, cutting his position by about 1.9%. CRO Brian Duffy also sold 1,851 shares worth approximately $319,000. The sales may weigh on sentiment, although Chuong’s and Duffy’s transactions were identified as covering tax obligations tied to vested equity awards. Atlassian CFO James Chuong Sells 9,054 Shares
• Negative Sentiment: TEAM’s strong rally has left the stock trading near its 52-week high, with a very elevated valuation and a still-negative net margin. That increases the risk of profit-taking when insiders sell or when investors question whether future growth can justify the current price.

Analyst Upgrades and Downgrades

TEAM has been the subject of several recent research reports. Zacks Research cut shares of Atlassian from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Truist Financial lifted their price target on shares of Atlassian from $160.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday. Guggenheim boosted their price objective on shares of Atlassian from $115.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Wells Fargo & Company increased their price objective on Atlassian from $140.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Finally, Piper Sandler cut their target price on Atlassian from $200.00 to $175.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. Twenty-four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Atlassian has an average rating of “Moderate Buy” and an average target price of $177.23.

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.