NEOS Investment Management LLC Has $8.36 Million Stock Position in Atlassian Corporation PLC $TEAM

NEOS Investment Management LLC lifted its position in Atlassian Corporation PLC (NASDAQ:TEAM) by 78.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 52,321 shares of the technology company’s stock after acquiring an additional 23,025 shares during the period. NEOS Investment Management LLC’s holdings in Atlassian were worth $8,356,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capco Asset Management LLC acquired a new stake in Atlassian in the 2nd quarter valued at about $25,000. Physician Wealth Advisors Inc. boosted its stake in shares of Atlassian by 60.4% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock worth $26,000 after acquiring an additional 61 shares during the period. Atlantic Union Bankshares Corp boosted its position in Atlassian by 19,900.0% during the third quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company’s stock worth $32,000 after purchasing an additional 199 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of Atlassian by 447.2% in the first 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, Pilgrim Partners Asia Pte Ltd bought a new position in shares of Atlassian in the third quarter valued at about $57,000. 94.45% of the stock is owned by institutional investors.

Key Stories Impacting Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Atlassian named LinkedIn veteran James Chuong as its new chief financial officer, effective March 30 — a leadership move that can stabilize investor confidence and support financial strategy execution. Article Title Article Title
• Positive Sentiment: Analysts/commentators are calling TEAM “highly oversold,” prompting buy-the-dip interest from traders and value-oriented investors looking to add exposure around current levels. Article Title
• Neutral Sentiment: Coverage is reframing Atlassian after a recent “fair value reset,” which is shifting investor narratives from growth multiple expansion to selective re-valuation — this can increase volatility as market participants re-price expectations. Article Title
• Neutral Sentiment: Discussion that Atlassian’s AI transition is pressuring near-term sentiment but could support a longer-term thesis — mixed implications for trading vs. long-term holders. Article Title
• Neutral Sentiment: Broader software/AI weakness (illustrated by Palo Alto Networks’ stock reaction and cautious guidance) is keeping a lid on software multiples and could pressure peer stocks including TEAM. Article Title
• Neutral Sentiment: Other items in the newsfeed — token PR (Atlassian Williams F1 tickets) and ambiguous short-interest reporting — are unlikely to move fundamentals materially. Article Title
• Negative Sentiment: Pomerantz LLP launched an investor investigation into Atlassian, which introduces legal/ reputational risk and can increase downside pressure or volatility if it develops into formal litigation. Article Title

Insider Activity at Atlassian

In other Atlassian news, Director Scott Farquhar sold 7,665 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $94.81, for a total value of $726,718.65. Following the completion of the transaction, the director directly owned 275,940 shares in the company, valued at approximately $26,161,871.40. This represents a 2.70% 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 the stock in a transaction on Friday, February 6th. The shares were sold at an average price of $94.81, for a total value of $726,718.65. Following the completion of the sale, the chief executive officer owned 275,940 shares of the company’s stock, valued at $26,161,871.40. The trade was a 2.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 475,758 shares of company stock worth $68,994,874. 36.66% of the stock is owned by corporate insiders.

Atlassian Price Performance

Atlassian stock opened at $83.61 on Thursday. The stock has a market capitalization of $22.05 billion, a P/E ratio of -116.12, a price-to-earnings-growth ratio of 68.57 and a beta of 0.88. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a fifty day moving average of $133.10 and a 200-day moving average of $151.98. Atlassian Corporation PLC has a 52 week low of $80.40 and a 52 week high of $315.03.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings results on Thursday, February 5th. The technology company reported $1.22 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the prior 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, sell-side analysts expect that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. TD Cowen lowered their price target on shares of Atlassian from $205.00 to $175.00 and set a “hold” rating on the stock in a report on Tuesday, January 20th. BTIG Research dropped their price target on Atlassian from $220.00 to $140.00 and set a “buy” rating for the company in a report on Friday, February 6th. Wells Fargo & Company lowered their price objective on Atlassian from $216.00 to $155.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Citigroup dropped their target price on Atlassian from $210.00 to $160.00 and set a “buy” rating for the company in a report on Monday, February 9th. Finally, Robert W. Baird set a $140.00 price target on shares of Atlassian in a research report 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 company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $189.32.

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.