Korea Investment CORP Has $8.83 Million Position in Atlassian Corporation PLC $TEAM

Korea Investment CORP cut its position in Atlassian Corporation PLC (NASDAQ:TEAM) by 64.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,258 shares of the technology company’s stock after selling 101,215 shares during the quarter. Korea Investment CORP’s holdings in Atlassian were worth $8,825,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in TEAM. SBI Securities Co. Ltd. increased its stake in shares of Atlassian by 50.7% in the third quarter. SBI Securities Co. Ltd. now owns 40,546 shares of the technology company’s stock valued at $6,475,000 after buying an additional 13,643 shares during the period. Intech Investment Management LLC boosted its position in Atlassian by 180.3% during the 3rd quarter. Intech Investment Management LLC now owns 140,984 shares of the technology company’s stock worth $22,515,000 after buying an additional 90,692 shares during the period. Mediolanum International Funds Ltd grew its holdings in Atlassian by 108.4% during the 3rd quarter. Mediolanum International Funds Ltd now owns 41,963 shares of the technology company’s stock worth $6,937,000 after acquiring an additional 21,829 shares during the last quarter. Westfield Capital Management Co. LP increased its position in Atlassian by 56.5% in the 3rd quarter. Westfield Capital Management Co. LP now owns 322,438 shares of the technology company’s stock valued at $51,493,000 after acquiring an additional 116,470 shares during the period. Finally, Nordea Investment Management AB increased its position in Atlassian by 20.3% in the 3rd quarter. Nordea Investment Management AB now owns 721,690 shares of the technology company’s stock valued at $114,695,000 after acquiring an additional 121,541 shares during the period. 94.45% of the stock is owned by institutional investors and hedge funds.

Atlassian Price Performance

Shares of NASDAQ TEAM opened at $75.45 on Thursday. The company has a market capitalization of $19.90 billion, a PE ratio of -104.79, a P/E/G ratio of 309.01 and a beta of 0.94. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.62. Atlassian Corporation PLC has a twelve month low of $67.85 and a twelve month high of $242.00. The firm has a fifty day simple moving average of $107.55 and a 200 day simple moving average of $142.25.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings results on Thursday, February 5th. The technology company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $1.54 billion. During the same quarter in the prior year, the firm posted $0.96 earnings per share. The business’s quarterly revenue was up 23.3% compared to the same quarter last year. On average, sell-side analysts forecast that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Insider Activity at Atlassian

In other Atlassian news, CRO Brian Duffy sold 1,222 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $81.35, for a total value of $99,409.70. Following the transaction, the executive directly owned 124,332 shares of the company’s stock, valued at approximately $10,114,408.20. The trade was a 0.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Scott Farquhar sold 7,665 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $94.81, for a total value of $726,718.65. Following the transaction, the director owned 275,940 shares in the company, valued at $26,161,871.40. The trade was a 2.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 359,131 shares of company stock worth $50,672,589 over 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.

Analyst Ratings Changes

A number of brokerages have recently commented on TEAM. Piper Sandler reiterated an “overweight” rating and set a $200.00 price target (down from $280.00) on shares of Atlassian in a report on Friday, February 6th. Zacks Research downgraded Atlassian from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 11th. Guggenheim lowered their target price on Atlassian from $225.00 to $190.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Oppenheimer reduced their price target on Atlassian from $275.00 to $150.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. Finally, BTIG Research decreased their price target on Atlassian from $220.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Twenty equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average 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.