Atlassian Corporation PLC $TEAM Stock Sold by Torrey Growth & Income Advisors

Torrey Growth & Income Advisors cut its stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 75.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,360 shares of the technology company’s stock after selling 4,100 shares during the quarter. Torrey Growth & Income Advisors’ holdings in Atlassian were worth $245,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Carmignac Gestion increased its holdings in Atlassian by 115.8% during the 1st quarter. Carmignac Gestion now owns 2,603,770 shares of the technology company’s stock worth $177,707,000 after purchasing an additional 1,397,402 shares during the period. First Trust Advisors LP lifted its holdings in shares of Atlassian by 48.4% in the 1st quarter. First Trust Advisors LP now owns 2,349,842 shares of the technology company’s stock worth $160,377,000 after buying an additional 766,922 shares during the period. KBC Group NV lifted its holdings in shares of Atlassian by 1,691.2% in the 1st quarter. KBC Group NV now owns 1,440,019 shares of the technology company’s stock worth $98,281,000 after buying an additional 1,359,624 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Atlassian by 111.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 469,100 shares of the technology company’s stock worth $84,105,000 after buying an additional 247,540 shares during the period. Finally, Artemis Investment Management LLP grew its position in shares of Atlassian by 53.0% during the 3rd quarter. Artemis Investment Management LLP now owns 461,537 shares of the technology company’s stock worth $82,749,000 after buying an additional 159,884 shares in the last quarter. 94.45% of the stock is owned by hedge funds and other institutional investors.

Atlassian Stock Up 0.8%

Atlassian stock opened at $154.90 on Tuesday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.93. The firm has a market cap of $39.21 billion, a P/E ratio of 430.29, a P/E/G ratio of 20.25 and a beta of 1.16. The business has a fifty day moving average of $195.34 and a two-hundred day moving average of $119.74. Atlassian Corporation PLC has a twelve month low of $56.01 and a twelve month high of $229.96.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings results on Thursday, November 5th. The technology company reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.26. Atlassian had a positive return on equity of 20.99% and a negative net margin of 0.82%. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the business posted $1.04 EPS. The business’s revenue was up 23.7% compared to the same quarter last year. On average, analysts forecast that Atlassian Corporation PLC will post 0.66 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TEAM. Barclays cut their price target on Atlassian from $222.00 to $210.00 and set an “overweight” rating on the stock in a research note on Monday. UBS Group restated a “buy” rating on shares of Atlassian in a report on Friday. Guggenheim set a $280.00 price objective on shares of Atlassian in a research note on Friday. Oppenheimer dropped their target price on shares of Atlassian from $275.00 to $240.00 and set an “outperform” rating on the stock in a report on Friday. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $225.00 target price on shares of Atlassian in a report on Friday, October 30th. Twenty-four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $209.48.

Atlassian News Summary

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Atlassian beat fiscal Q1 2027 estimates for revenue, earnings and cloud growth. Citigroup and Barclays still rate the stock Buy and Overweight, respectively, despite lowering their targets to $220 and $210—both above the cited $154.90 share price. Atlassian Tanks After Huge Run as Guidance Disappoints, But Strength Remains
• Positive Sentiment: Truist reiterated its Buy rating, and another analyst raised its price target to $190, offering some counterweight to the broader set of target cuts. Truist Buy Rating Reiterated Price Target Raised to $190
• Neutral Sentiment: Technical commentary describes the stock as oversold, with a possible bounce facing heavy overhead supply—suggesting any recovery could encounter resistance. Oversold Bounce Test Meets Heavy Overhead Supply
• Negative Sentiment: Despite the earnings beat, management’s guidance implied slowing growth, triggering a sharp post-results selloff. Several analysts also reduced price targets, reflecting increased caution about the growth outlook. Guidance Disappointment and Analyst Revisions

Insider Buying and Selling

In other Atlassian news, CRO Brian Duffy sold 1,851 shares of Atlassian stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $172.45, for a total value of $319,204.95. Following the transaction, the executive owned 218,223 shares in the company, valued at $37,632,556.35. The trade was a 0.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Gene Liu sold 337 shares of the business’s stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $210.00, for a total transaction of $70,770.00. Following the completion of the transaction, the chief accounting officer owned 55,531 shares of the company’s stock, valued at $11,661,510. This represents a 0.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 22,475 shares of company stock worth $3,822,643 in the last three months. 37.63% of the stock is owned by insiders.

Atlassian Company Profile

Atlassian Corporation develops collaboration and productivity software for software, IT and business teams. Its products help organizations plan and track work, manage software development and support services, and share information across teams.

Its product portfolio includes Jira for project and issue tracking, Confluence for team documentation and collaboration, Jira Service Management for IT and other service teams, Trello for visual work management, and Bitbucket for code collaboration.