Key Points
- Atlassian CTO Rajeev Bashyam Rajan sold 3,072 shares on Feb. 19 at an average price of $81.35 for a total of $249,907.20, leaving him with 212,916 shares valued at about $17.32 million (a 1.42% drop in his ownership).
- The CTO sale was part of clustered insider selling the same day by multiple senior executives and coincides with a Pomerantz LLP investor investigation, creating potential reputational and market pressure.
- Fundamentals show a mixed picture: Atlassian beat Q2 expectations (EPS $1.22 vs. $1.12; revenue $1.59B, +23.3% YoY) and has a MarketBeat consensus of “Moderate Buy” with a $189.32 target, yet the stock trades near its 1-year low (~$75) and well below its 50- and 200-day moving averages.
Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) CRO Brian Duffy sold 1,222 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 $99,409.70. Following the completion of the transaction, the executive directly owned 124,332 shares of the company's stock, valued at $10,114,408.20. This represents a 0.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Atlassian Trading Down 5.3%
Shares of TEAM stock opened at $75.98 on Friday. Atlassian Corporation PLC has a 1-year low of $75.01 and a 1-year high of $298.63. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.62. The stock has a market cap of $20.04 billion, a price-to-earnings ratio of -105.53, a PEG ratio of 67.00 and a beta of 0.88. The stock has a 50-day moving average of $129.72 and a 200-day moving average of $150.72.
Atlassian (NASDAQ:TEAM - Get Free Report) last announced its earnings results on Thursday, February 5th. The technology company reported $1.22 EPS for the quarter, beating 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 business had revenue of $1.59 billion for the quarter, compared to analysts' expectations of $1.54 billion. During the same period in the prior year, the business posted $0.96 earnings per share. The firm's revenue was up 23.3% on a year-over-year basis. On average, equities research analysts forecast that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on TEAM. TD Cowen decreased their price target on Atlassian from $205.00 to $175.00 and set a "hold" rating for the company in a report on Tuesday, January 20th. Canaccord Genuity Group set a $185.00 target price on Atlassian in a research note on Friday, February 6th. Truist Financial set a $210.00 target price on Atlassian in a report on Friday, October 31st. Wells Fargo & Company cut their price target on Atlassian from $216.00 to $155.00 and set an "overweight" rating on the stock in a report on Friday, February 6th. Finally, Mizuho lowered their price objective on shares of Atlassian from $225.00 to $205.00 and set an "outperform" rating for the company 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 assigned a Sell rating to the stock. According to MarketBeat, Atlassian presently has an average rating of "Moderate Buy" and an average price target of $189.32.
Check Out Our Latest Analysis on TEAM
Institutional Trading of Atlassian
Hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC raised its holdings in Atlassian by 71.6% during the first quarter. NewEdge Advisors LLC now owns 5,432 shares of the technology company's stock worth $1,153,000 after buying an additional 2,267 shares during the last quarter. Empowered Funds LLC raised its holdings 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 acquiring an additional 1,328 shares during the last quarter. Focus Partners Wealth lifted its position in Atlassian by 32.6% in the 1st quarter. Focus Partners Wealth now owns 4,122 shares of the technology company's stock valued at $875,000 after acquiring an additional 1,014 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in 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 during the last quarter. Finally, Sivia Capital Partners LLC increased its holdings in Atlassian by 27.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,873 shares of the technology company's stock worth $380,000 after purchasing an additional 404 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company's stock.
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
About Atlassian
(
Get Free Report)
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.
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