AlphaQuest LLC Acquires New Position in Atlassian Corporation PLC $TEAM

AlphaQuest LLC purchased a new stake in Atlassian Corporation PLC (NASDAQ:TEAM) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 5,449 shares of the technology company’s stock, valued at approximately $870,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Norges Bank bought a new position in shares of Atlassian in the second quarter worth $377,794,000. Artisan Partners Limited Partnership lifted its holdings in Atlassian by 66.3% during the 2nd quarter. Artisan Partners Limited Partnership now owns 3,878,133 shares of the technology company’s stock worth $787,610,000 after purchasing an additional 1,545,546 shares in the last quarter. Swedbank AB boosted its stake in Atlassian by 139.6% in the 3rd quarter. Swedbank AB now owns 1,372,976 shares of the technology company’s stock worth $219,264,000 after purchasing an additional 800,000 shares during the period. DNB Asset Management AS grew its holdings in Atlassian by 2,676.8% during the 2nd quarter. DNB Asset Management AS now owns 765,678 shares of the technology company’s stock valued at $155,502,000 after buying an additional 738,104 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in Atlassian by 203.3% during the 2nd quarter. Marshall Wace LLP now owns 870,867 shares of the technology company’s stock valued at $176,864,000 after buying an additional 583,697 shares in the last quarter. 94.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TEAM has been the topic of a number of analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $240.00 target price on shares of Atlassian in a report on Friday, October 31st. Citigroup decreased their price target on shares of Atlassian from $240.00 to $210.00 and set a “buy” rating on the stock in a report on Friday, January 16th. KeyCorp lowered their price objective on Atlassian from $250.00 to $210.00 and set an “overweight” rating on the stock in a research report on Thursday, October 23rd. Jefferies Financial Group set a $262.00 target price on Atlassian in a research report on Thursday, January 15th. Finally, BTIG Research restated a “buy” rating and issued a $220.00 target price on shares of Atlassian in a research note on Tuesday, January 13th. Twenty equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $227.60.

Insider Transactions at Atlassian

In other Atlassian news, CEO Michael Cannon-Brookes sold 7,665 shares of the business’s stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $119.15, for a total value of $913,284.75. Following the completion of the sale, the chief executive officer owned 314,265 shares in the company, valued at approximately $37,444,674.75. The trade was a 2.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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, January 30th. The shares were sold at an average price of $119.15, for a total value of $913,284.75. Following the sale, the director directly owned 314,265 shares of the company’s stock, valued at approximately $37,444,674.75. This trade represents a 2.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 551,049 shares of company stock valued at $82,759,668. 36.66% of the stock is currently owned by corporate insiders.

Atlassian Stock Performance

Atlassian stock opened at $113.70 on Tuesday. The firm has a fifty day simple moving average of $148.33 and a two-hundred day simple moving average of $160.59. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.72. Atlassian Corporation PLC has a twelve month low of $113.47 and a twelve month high of $326.00. The company has a market capitalization of $29.92 billion, a PE ratio of -160.14, a P/E/G ratio of 18.30 and a beta of 0.88.

Trending Headlines about Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Atlassian and Anthropic/Williams F1 announced a multi‑year partnership to integrate Anthropic’s Claude across the Williams F1 team, highlighting Atlassian’s positioning in AI partnerships and product integration opportunities that could support enterprise demand and brand visibility. Anthropic and Atlassian Williams F1 Team announce multi-year partnership
• Positive Sentiment: Analyst preview from Zacks expects Q2 to benefit from strong cloud adoption, AI tools and continued demand for Jira and Confluence — a fundamental tailwind that supports revenue growth expectations ahead of earnings. Atlassian to Report Q2 Earnings: What’s in Store for the Stock?
• Neutral Sentiment: Media commentary notes Atlassian may have upside despite broader negative sentiment in the software sector; this is more thematic and less company‑specific. Atlassian Corporation (TEAM) has upside despite negative software sentiment
• Neutral Sentiment: Reported short interest data shows effectively zero reported short shares and a 0.0 days‑to‑cover metric — a technical data point that currently appears immaterial to price pressure.
• Negative Sentiment: CEO Michael Cannon‑Brookes sold 7,665 shares on Jan. 30 at an average $119.15 (≈$913K), reducing his stake ~2.38%; insider selling can create near‑term negative sentiment among investors. SEC filing — CEO sale
• Negative Sentiment: Director Scott Farquhar sold an identical block (7,665 shares at $119.15) on Jan. 30, also reducing his stake ~2.38%; combined insider sales from top executives amplify concerns about conviction even if sales may be routine or for diversification. SEC filing — Director sale

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.