Two Creeks Capital Management LP Acquires 61,447 Shares of Atlassian Corporation PLC $TEAM

Two Creeks Capital Management LP increased its stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 25.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 305,032 shares of the technology company’s stock after buying an additional 61,447 shares during the period. Atlassian makes up 3.5% of Two Creeks Capital Management LP’s holdings, making the stock its 16th biggest holding. Two Creeks Capital Management LP’s holdings in Atlassian were worth $48,714,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of TEAM. Capco Asset Management LLC bought a new position in Atlassian in the 2nd quarter worth approximately $25,000. Physician Wealth Advisors Inc. increased its stake in shares of Atlassian by 60.4% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock valued at $26,000 after buying an additional 61 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Atlassian by 447.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock valued at $42,000 after buying an additional 161 shares during the period. Atlantic Union Bankshares Corp raised its position in shares of 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 acquiring an additional 199 shares during the last quarter. Finally, Virtus Advisers LLC bought a new position in Atlassian in the second quarter valued at about $61,000. 94.45% of the stock is owned by institutional investors.

Atlassian Stock Performance

TEAM stock opened at $75.21 on Friday. Atlassian Corporation PLC has a 1-year low of $67.85 and a 1-year high of $242.00. The business’s 50-day moving average price is $104.18 and its two-hundred day moving average price is $141.12. The firm has a market cap of $19.84 billion, a PE ratio of -104.46, a P/E/G ratio of 290.51 and a beta of 0.94. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.62.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings data on Thursday, February 5th. The technology company reported $1.22 earnings per share 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 quarter in the previous year, the business posted $0.96 EPS. Atlassian’s revenue for the quarter was up 23.3% on a year-over-year basis. As a group, research analysts forecast that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Insider Buying and Selling at Atlassian

In other news, CRO Brian Duffy sold 1,222 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $81.35, for a total value of $99,409.70. Following the sale, the executive directly owned 124,332 shares in the company, valued at $10,114,408.20. The trade was a 0.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Scott Farquhar sold 7,665 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $26,161,871.40. The trade was a 2.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 343,273 shares of company stock valued at $48,101,379 over the last quarter. 36.66% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Morgan Stanley cut their target price on shares of Atlassian from $320.00 to $290.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Wall Street Zen raised shares of Atlassian from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Barclays reduced their price target on Atlassian from $215.00 to $165.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Citigroup dropped their price objective on Atlassian from $210.00 to $160.00 and set a “buy” rating for the company in a report on Monday, February 9th. Finally, KeyCorp decreased their target price on Atlassian from $210.00 to $170.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. Twenty-one equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $185.12.

Atlassian News Summary

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Workforce cut framed as a productivity and margin play — several outlets reported the market initially viewed the ~1,600-job reduction as a disciplined step to reallocate resources toward higher-return AI and enterprise sales initiatives, which can support faster path to profitability. Atlassian shares rise after workforce reduction announcement
• Positive Sentiment: Analyst stance not uniformly bearish — the Street consensus remains constructive (a “Moderate Buy” in recent coverage) and Mizuho retains an outperform view despite lowering its price target to $185, signaling some analysts see material upside if the AI/enterprise pivot delivers. Atlassian Receives Consensus Recommendation of “Moderate Buy” Mizuho PT lowered to $185
• Neutral Sentiment: Short-interest reporting in recent data is unreliable/zero and doesn’t provide a meaningful signal for current positioning (tells us little about forced selling risk). (Data entry)
• Negative Sentiment: Significant one-time charges and leadership change — Atlassian disclosed an estimated $225M–$236M in restructuring charges and said longtime CTO Rajeev Rajan is stepping down; those details amplified downside as investors priced the near-term hit to earnings and execution risk around the AI pivot. Atlassian (TEAM) Is Down 11.1% After Restructuring To Fund AI And Enterprise Sales Pivot
• Negative Sentiment: Layoffs concentrated in R&D raise execution and product-cycle questions — reports note >900 R&D roles affected, which could slow product development even as the company shifts priorities; this feeds short-term uncertainty about roadmap delivery. Atlassian to reduce headcount by 10% as it restructures around AI
• Negative Sentiment: Reputational/strategic risk: critics warn of “AI-washing” — coverage and commentary question whether layoffs are genuine productivity moves or cosmetic AI repositioning, which can weigh on investor confidence if the strategy lacks clear near-term revenue pathways. Atlassian Layoffs Reignite Conversations Around The Rise Of AI Washing in 2026
• Negative Sentiment: Valuation and sentiment already under pressure — bearish price forecasts and a steep YTD/1‑yr decline have left the stock vulnerable to downside momentum if execution doubts persist. Atlassian Price Prediction: Down 66%, TEAM Could Hit $185 Next

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.