Russell Investments Group Ltd. Sells 27,363 Shares of Atlassian Corporation PLC $TEAM

Russell Investments Group Ltd. cut its holdings in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 9.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 271,982 shares of the technology company’s stock after selling 27,363 shares during the period. Russell Investments Group Ltd. owned 0.10% of Atlassian worth $43,643,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TEAM. NewEdge Advisors LLC increased its position in Atlassian by 71.6% during the 1st quarter. NewEdge Advisors LLC now owns 5,432 shares of the technology company’s stock valued at $1,153,000 after purchasing an additional 2,267 shares during the period. Empowered Funds LLC lifted its position in shares of Atlassian by 39.5% in the 1st quarter. Empowered Funds LLC now owns 4,689 shares of the technology company’s stock worth $995,000 after purchasing an additional 1,328 shares during the period. Focus Partners Wealth lifted its position in shares of Atlassian by 32.6% in the 1st quarter. Focus Partners Wealth now owns 4,122 shares of the technology company’s stock worth $875,000 after purchasing an additional 1,014 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of Atlassian by 447.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock valued at $42,000 after purchasing an additional 161 shares in the last quarter. Finally, Sivia Capital Partners LLC increased its position in shares of Atlassian by 27.5% during the second quarter. Sivia Capital Partners LLC now owns 1,873 shares of the technology company’s stock valued at $380,000 after buying an additional 404 shares during the period. Institutional investors own 94.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on TEAM shares. Morgan Stanley decreased their price target on shares of Atlassian from $320.00 to $290.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Mizuho reduced their target price on Atlassian from $225.00 to $205.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. TD Cowen decreased their target price on Atlassian from $205.00 to $175.00 and set a “hold” rating for the company in a research report on Tuesday, January 20th. Citigroup lowered their target price on Atlassian from $210.00 to $160.00 and set a “buy” rating for the company in a research note on Monday, February 9th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $105.00 price target on shares of Atlassian in a research note on Friday, February 6th. Twenty investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $189.32.

Atlassian Price Performance

Shares of NASDAQ TEAM opened at $75.45 on Thursday. The company has a 50 day simple moving average of $107.55 and a two-hundred day simple moving average of $142.25. Atlassian Corporation PLC has a fifty-two week low of $67.85 and a fifty-two week high of $242.00. The company has a market capitalization of $19.90 billion, a price-to-earnings ratio of -104.79, a P/E/G ratio of 309.01 and a beta of 0.94. 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 issued its quarterly earnings results on Thursday, February 5th. The technology company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.10. The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Atlassian had a negative return on equity of 6.33% and a negative net margin of 3.29%.The business’s revenue for the quarter was up 23.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.96 EPS. Analysts expect that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Michael Cannon-Brookes sold 7,665 shares of the firm’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $162.40, for a total transaction of $1,244,796.00. Following the completion of the transaction, the chief executive officer directly owned 53,655 shares in the company, valued at $8,713,572. This trade represents a 12.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $162.40, for a total value of $1,244,796.00. Following the completion of the transaction, the director directly owned 53,655 shares of the company’s stock, valued at approximately $8,713,572. This represents a 12.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 359,131 shares of company stock valued at $50,672,589 in the last quarter. 36.66% of the stock is owned by company insiders.

More Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Management announced a plan to cut roughly 10% of the workforce (~1,600 roles) to “rebalance” resources and self-fund investments in AI and enterprise sales; investors often view such moves as cost discipline and stronger focus on higher‑value growth areas. Read More.
• Positive Sentiment: Markets reacted positively to the workforce reduction announcement, with reports noting a post‑announcement uptick in the stock as investors priced in faster allocation toward AI and enterprise sales initiatives. Read More.
• Positive Sentiment: Product/AI momentum: Atlassian has been promoting AI agents (open beta in Jira) and related investments (Model Context Protocol), which support the company’s narrative of AI-led product differentiation and could boost enterprise adoption if execution continues. Read More.
• Neutral Sentiment: Investor communications: recent conference presentations and transcripts reiterate strategy but contained no material beat-or-miss financial disclosures; useful for modeling guidance but not a trigger by itself. Read More.
• Neutral Sentiment: Marketing/partnership activity (e.g., Keeper Security campaign with Williams F1 team) is brand-positive but unlikely to move fundamentals in the near term. Read More.
• Negative Sentiment: Execution/customer risk: reporting shows Atlassian built a migration tool for Jira cloud that, paradoxically, slowed some customers’ moves to the cloud—this could delay expected cloud revenue and slow TAM penetration if not resolved. Read More.
• Negative Sentiment: Layoff risks: while cuts can improve margins, they carry execution, product delivery and morale risks—WSJ/BI reporting highlights geographic concentration of impacted employees and management’s framing of the move as an “AI era” reshaping, which could worry some enterprise customers and employees. Read More.

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.