5,449 Atlassian Corporation PLC $TEAM Shares Sold by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR trimmed its stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 46.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,264 shares of the technology company’s stock after selling 5,449 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Atlassian were worth $1,123,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TEAM. Carmignac Gestion increased its stake in shares of Atlassian by 115.8% during the first quarter. Carmignac Gestion now owns 2,603,770 shares of the technology company’s stock worth $177,707,000 after purchasing an additional 1,397,402 shares in the last quarter. First Trust Advisors LP raised its position in shares of Atlassian by 48.4% during the 1st quarter. First Trust Advisors LP now owns 2,349,842 shares of the technology company’s stock worth $160,377,000 after purchasing an additional 766,922 shares during the last quarter. KBC Group NV lifted its stake in Atlassian by 1,691.2% in the 1st quarter. KBC Group NV now owns 1,440,019 shares of the technology company’s stock valued at $98,281,000 after buying an additional 1,359,624 shares in the last quarter. Swiss National Bank lifted its stake in Atlassian by 8.2% in the 1st quarter. Swiss National Bank now owns 493,267 shares of the technology company’s stock valued at $33,665,000 after buying an additional 37,500 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Atlassian by 111.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 469,100 shares of the technology company’s stock worth $84,105,000 after buying an additional 247,540 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Insider Activity

In related news, CAO Gene Liu sold 1,125 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $175.00, for a total value of $196,875.00. Following the completion of the sale, the chief accounting officer owned 56,807 shares of the company’s stock, valued at approximately $9,941,225. This represents a 1.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CRO Brian Duffy sold 7,617 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $163.00, for a total transaction of $1,241,571.00. Following the completion of the sale, the executive directly owned 220,074 shares of the company’s stock, valued at $35,872,062. This represents a 3.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 22,475 shares of company stock valued at $3,822,643. 37.63% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on TEAM. Wells Fargo & Company increased their target price on Atlassian from $230.00 to $270.00 and gave the company an “overweight” rating in a report on Wednesday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Atlassian in a research note on Thursday, October 15th. Wall Street Zen raised Atlassian from a “hold” rating to a “buy” rating in a research note on Sunday, September 13th. Barclays boosted their price target on Atlassian from $172.00 to $222.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 13th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $200.00 price objective on shares of Atlassian in a research note on Friday, August 7th. Twenty-four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $214.88.

More Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Higher analyst price target: Wells Fargo raised its target for Atlassian from $230 to $270 and maintained an “overweight” rating, implying substantial upside based on confidence in the company’s growth prospects. Wells Fargo raises Atlassian price target
• Positive Sentiment: AI product expansion: Atlassian introduced its Context Quality Score, designed to measure and improve the quality of information supplied to AI systems. The initiative could help differentiate Atlassian’s AI offerings and support enterprise adoption. Atlassian introduces Context Quality Score
• Positive Sentiment: New collaboration capabilities: Features presented at Team ’26 Europe, including Teamwork Graph connectivity and Atlassian MCP functionality, are intended to make company data and workflows more accessible to AI tools, potentially increasing product value and customer engagement. Atlassian Teamwork Graph and connector features
• Neutral Sentiment: Results approaching: Atlassian is scheduled to report quarterly results on November 5. The release will provide a key test of whether its recent growth, AI investments and outlook justify elevated investor expectations. The company previously exceeded earnings and revenue estimates, with revenue up 27.6% year over year. Atlassian schedules November 5 results
• Negative Sentiment: AI adoption caution: Atlassian’s people chief criticized mandatory AI policies, arguing that forcing employees to use AI is a poor approach. While this may support a more measured implementation strategy, it could raise concerns about the pace of internal and customer AI adoption. Atlassian executive discusses AI mandates
• Negative Sentiment: High expectations: Atlassian’s rich valuation means the upcoming report must demonstrate continued strong growth and improving profitability. Any signs of slowing demand or weaker guidance could intensify selling pressure despite bullish analyst targets.

Atlassian Stock Performance

Shares of Atlassian stock opened at $204.10 on Friday. The business’s 50 day moving average price is $194.89 and its 200 day moving average price is $118.00. The company has a market cap of $51.67 billion, a price-to-earnings ratio of -1,074.21, a PEG ratio of 23.47 and a beta of 1.22. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.78 and a current ratio of 0.78. Atlassian Corporation PLC has a one year low of $56.01 and a one year high of $229.96.

Atlassian (NASDAQ:TEAM) last issued its earnings results on Friday, August 7th. The technology company reported $1.87 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $1.66 billion. During the same period in the prior year, the business earned $0.98 EPS. The firm’s quarterly revenue was up 27.6% on a year-over-year basis. On average, research analysts predict that Atlassian Corporation PLC will post 0.69 EPS for the current year.

About Atlassian

Atlassian Corporation develops collaboration, project-management and workflow software for technology, business and service teams. Its products are designed to help organizations plan projects, manage software development, coordinate work and share knowledge across departments.

Its product portfolio includes Jira for project and issue tracking, Confluence for team collaboration and knowledge management, Jira Service Management for IT and enterprise service workflows, Trello for organizing tasks and projects, Loom for video messaging and screen recording, and Bitbucket for source-code management and collaboration.