Mirae Asset Global Investments Co. Ltd. Trims Stock Position in Atlassian Corporation PLC $TEAM

Mirae Asset Global Investments Co. Ltd. lessened its stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 39.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,962 shares of the technology company’s stock after selling 35,861 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Atlassian were worth $8,937,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nordea Investment Management AB increased its stake in Atlassian by 20.3% during the third quarter. Nordea Investment Management AB now owns 721,690 shares of the technology company’s stock worth $114,695,000 after purchasing an additional 121,541 shares during the period. Allianz Asset Management GmbH grew its holdings in shares of Atlassian by 28.6% in the second quarter. Allianz Asset Management GmbH now owns 102,194 shares of the technology company’s stock valued at $20,755,000 after purchasing an additional 22,701 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Atlassian by 3.7% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 258,299 shares of the technology company’s stock worth $52,458,000 after buying an additional 9,274 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in Atlassian by 2.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 408,414 shares of the technology company’s stock valued at $65,224,000 after buying an additional 9,769 shares during the period. Finally, Machina Capital S.A.S. grew its stake in shares of Atlassian by 203.0% in the second quarter. Machina Capital S.A.S. now owns 9,376 shares of the technology company’s stock worth $1,904,000 after acquiring an additional 6,282 shares in the last quarter. 94.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TEAM. Piper Sandler reiterated an “overweight” rating on shares of Atlassian in a report on Tuesday, January 13th. TD Cowen decreased their price objective on Atlassian from $205.00 to $175.00 and set a “hold” rating for the company in a research note on Tuesday, January 20th. Sanford C. Bernstein boosted their price objective on Atlassian from $290.00 to $304.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 18th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $240.00 target price on shares of Atlassian in a report on Friday, October 31st. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Atlassian in a report on Wednesday, January 21st. Twenty analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $227.60.

Insider Buying and Selling at Atlassian

In related news, Director Scott Farquhar sold 7,665 shares of the business’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $135.44, for a total value of $1,038,147.60. Following the completion of the sale, the director directly owned 321,930 shares of the company’s stock, valued at $43,602,199.20. The trade was a 2.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the firm’s stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $135.44, for a total value of $1,038,147.60. Following the transaction, the chief executive officer directly owned 321,930 shares in the company, valued at approximately $43,602,199.20. The trade was a 2.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 551,049 shares of company stock worth $83,581,893 over the last quarter. 36.66% of the stock is owned by company insiders.

Key Headlines Impacting Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Marketing / brand exposure — Atlassian’s Williams F1 team added Wilkinson Sword as an official partner, which can help enterprise brand awareness and demand generation over time. Read More.
• Neutral Sentiment: AI competitive landscape — Coverage highlights Anthropic’s Cowork as a potential disruptor to collaboration/workflow tools; important context for long‑term competitive risk but speculative for immediate fundamentals. Read More.
• Neutral Sentiment: Context pieces explain drivers behind today’s selloff (useful background but not new company financials). Read More.
• Negative Sentiment: Insider selling — CEO Michael Cannon‑Brookes and director Scott Farquhar executed multiple same‑period share sales (several blocks of ~7,665 shares), signaling near‑term negative sentiment and adding selling supply. Read More.
• Negative Sentiment: Legal risk — Pomerantz LLP launched an investor investigation into Atlassian, which can prolong downward pressure until claims are clarified or dismissed. Read More.
• Negative Sentiment: Analyst / sell‑side pressure — Recent analyst target reductions and negative notes (coverage cited) reduce near‑term upside expectations and can accelerate selling. Read More.
• Negative Sentiment: Bearish momentum — Stock hit a new 52‑week low and reports cite higher short interest, which can amplify declines via momentum and short‑term trading flows. Read More.

Atlassian Price Performance

TEAM stock opened at $118.18 on Friday. The business has a 50 day moving average price of $148.99 and a 200 day moving average price of $161.34. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.72. The stock has a market cap of $31.09 billion, a price-to-earnings ratio of -166.45, a PEG ratio of 18.64 and a beta of 0.88. Atlassian Corporation PLC has a fifty-two week low of $115.01 and a fifty-two week high of $326.00.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings results on Thursday, October 30th. The technology company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.83 by $0.21. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.11%. The firm’s revenue was up 20.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.77 earnings per share. Equities research analysts anticipate that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Atlassian Company Profile

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.