ING Groep NV Reduces Stock Position in Atlassian Corporation PLC $TEAM

ING Groep NV lowered its position in Atlassian Corporation PLC (NASDAQ:TEAM) by 30.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 101,105 shares of the technology company’s stock after selling 44,167 shares during the period. ING Groep NV’s holdings in Atlassian were worth $16,146,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TEAM. SBI Securities Co. Ltd. increased its stake in Atlassian by 50.7% during the 3rd quarter. SBI Securities Co. Ltd. now owns 40,546 shares of the technology company’s stock valued at $6,475,000 after purchasing an additional 13,643 shares in the last quarter. Mediolanum International Funds Ltd grew its holdings in shares of Atlassian by 108.4% during the third quarter. Mediolanum International Funds Ltd now owns 41,963 shares of the technology company’s stock valued at $6,937,000 after buying an additional 21,829 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of Atlassian by 20.3% during the third quarter. Nordea Investment Management AB now owns 721,690 shares of the technology company’s stock valued at $114,695,000 after buying an additional 121,541 shares during the last quarter. Allianz Asset Management GmbH increased its position in shares of Atlassian by 28.6% in the 2nd quarter. Allianz Asset Management GmbH now owns 102,194 shares of the technology company’s stock valued at $20,755,000 after acquiring an additional 22,701 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in Atlassian by 3.7% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 258,299 shares of the technology company’s stock worth $52,458,000 after acquiring an additional 9,274 shares during the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

More Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Barron’s highlights that heavy short interest across software names could spark a near-term short squeeze, which would be a positive catalyst for TEAM if shorts cover. Software Stocks Look Primed for a Short Squeeze
• Positive Sentiment: Strategists told Reuters that AI‑driven sell‑offs have created buying opportunities in higher‑quality software stocks — a narrative that could support a rebound in TEAM. AI disruption fears create buying chance in US software stocks, strategists say
• Positive Sentiment: Market sentiment has shown signs of stabilizing (Nasdaq rebound / Fear & Greed index moving to neutral), which could help software names, including TEAM, recover if momentum continues. Nasdaq Jumps Over 200 Points As Software Stocks Rebound
• Positive Sentiment: High‑profile bullish commentary (Jim Cramer calling TEAM “absurdly cheap” unless the business collapses) may attract value buyers. Jim Cramer on Atlassian Corporation
• Neutral Sentiment: Atlassian signed a marketing/brand partnership with Estrella Galicia 0,0 via the Williams F1 team — positive PR but unlikely to move fundamentals materially. Atlassian Williams F1 Team partnership
• Neutral Sentiment: Some short‑interest data in feeds show anomalies (entries reporting 0 shares), so treat those automated snapshots with caution when assessing current short positioning.
• Negative Sentiment: Bernstein trimmed its price target on TEAM to $290, which is a negative analyst signal and likely weighing on investor sentiment today. Bernstein trims target price on Atlassian (TEAM) to $290
• Negative Sentiment: Reports of insider selling have coincided with the pullback, a short‑term negative signal for confidence and a likely contributor to downward pressure. Atlassian Trading Down Following Insider Selling
• Negative Sentiment: Short interest rose to ~9.5M shares (about 5.7% of shares) as of Jan. 30, increasing volatility risk and making the stock more susceptible to directional swings. (Data snapshot provided in filings/feeds.)
• Negative Sentiment: Ongoing sector fears that AI could disrupt software businesses keep downward pressure on the group and on TEAM until clarity on adoption/monetization emerges. Software Bear Market: 1 SaaS Stock To Buy Now, 1 To Avoid

Insiders Place Their Bets

In other news, Director Scott Farquhar sold 7,665 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $147.41, for a total transaction of $1,129,897.65. Following the transaction, the director owned 222,285 shares of the company’s stock, valued at approximately $32,767,031.85. The trade was a 3.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $147.63, for a total transaction of $1,131,583.95. Following the transaction, the chief executive officer directly owned 206,955 shares in the company, valued at $30,552,766.65. This trade represents a 3.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 535,719 shares of company stock valued at $77,951,260 in the last ninety days. 36.66% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on TEAM. Barclays dropped their price target on Atlassian from $215.00 to $165.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. Mizuho dropped their target price on Atlassian from $225.00 to $205.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. Oppenheimer cut their price target on shares of Atlassian from $275.00 to $150.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Truist Financial set a $210.00 price objective on shares of Atlassian in a research note on Friday, October 31st. Finally, Sanford C. Bernstein increased their price objective on shares of Atlassian from $290.00 to $304.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 18th. Twenty equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $189.32.

Atlassian Stock Down 6.4%

Atlassian stock opened at $86.97 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.89 and a quick ratio of 1.26. The business has a 50 day simple moving average of $140.68 and a 200-day simple moving average of $155.84. The stock has a market capitalization of $22.88 billion, a PE ratio of -120.79, a price-to-earnings-growth ratio of 77.56 and a beta of 0.88. Atlassian Corporation PLC has a 12 month low of $85.04 and a 12 month high of $320.88.

Atlassian (NASDAQ:TEAM) last announced its earnings results on Thursday, February 5th. The technology company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the business earned $0.96 earnings per share. The company’s revenue for the quarter was up 23.3% compared to the same quarter last year. On average, analysts anticipate that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

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.