iA Global Asset Management Inc. Trims Stock Position in Atlassian Corporation PLC $TEAM

iA Global Asset Management Inc. decreased its stake in Atlassian Corporation PLC (NASDAQ:TEAM) by 21.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,041 shares of the technology company’s stock after selling 5,995 shares during the period. iA Global Asset Management Inc.’s holdings in Atlassian were worth $3,520,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Atlassian by 2.6% in the second quarter. Vanguard Group Inc. now owns 17,430,078 shares of the technology company’s stock valued at $3,539,875,000 after acquiring an additional 436,541 shares in the last quarter. Artisan Partners Limited Partnership lifted its holdings in shares of Atlassian by 66.3% in the 2nd quarter. Artisan Partners Limited Partnership now owns 3,878,133 shares of the technology company’s stock valued at $787,610,000 after purchasing an additional 1,545,546 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Atlassian by 1.9% in the 2nd quarter. Geode Capital Management LLC now owns 2,356,798 shares of the technology company’s stock valued at $476,800,000 after purchasing an additional 43,899 shares during the period. AQR Capital Management LLC grew its stake in Atlassian by 12.7% during the 2nd quarter. AQR Capital Management LLC now owns 1,933,851 shares of the technology company’s stock worth $392,282,000 after buying an additional 218,564 shares during the last quarter. Finally, Norges Bank purchased a new position in Atlassian during the 2nd quarter worth approximately $377,794,000. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Atlassian News Roundup

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Atlassian exec Shamik Sharma outlines an AI “ticketless” vision that could streamline service workflows and help drive product differentiation and enterprise adoption. Ticketless Future with AI
• Positive Sentiment: Event coverage from Atlassian’s Team on Tour (Bengaluru) highlights AI features positioning the product as a teammate for users — a narrative that supports upside if adoption accelerates. When AI becomes a teammate
• Positive Sentiment: MarketBeat argues TEAM is deeply oversold ahead of earnings, notes several buy/Outperform reiterations (Mizuho, Citi, Piper Sandler, BTIG) and says fundamentals/revenue trends still look solid — a potential catalyst if Atlassian again beats estimates. Atlassian Has Been Crushed—But the Setup Into Earnings Is Shifting
• Neutral Sentiment: Brokerage consensus remains “Moderate Buy” by count, reflecting mixed analyst views even as some firms lower targets but keep positive ratings. This keeps the stock tethered to next earnings and guidance. Consensus Recommendation: Moderate Buy
• Neutral Sentiment: Valuation pieces note short‑term pain from AI concern noise and Data Center/cloud pricing changes; these analyses assess whether the sell‑off already prices in slower growth or overstates disruption risk. Assessing Atlassian Valuation
• Negative Sentiment: Mizuho and TD Cowen have signaled more cautious views recently — Mizuho (per some reports) trimmed forecasts/targets and TD Cowen cut its target and moved to Hold — reducing near‑term upside expectations. Mizuho Issues Pessimistic Forecast
• Negative Sentiment: Analyst downgrades and note-driven skepticism have pushed TEAM to new multi‑year/52‑week lows in recent sessions, which can trigger additional selling and margin pressure ahead of a definitive rebound. Hits New 52-Week Low After Analyst Downgrade
• Negative Sentiment: Founder/director insider sales (Scott Farquhar and others) — repeated small sells in January — have been disclosed and some investors view these as a negative signal even though founders retain large stakes. Scott Farquhar Sells Shares

Insider Buying and Selling

In other news, President Anutthara Bharadwaj sold 9,847 shares of the company’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $152.46, for a total transaction of $1,501,273.62. Following the transaction, the president directly owned 242,092 shares of the company’s stock, valued at $36,909,346.32. This represents a 3.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the firm’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $167.61, for a total transaction of $1,284,730.65. Following the completion of the sale, the chief executive officer owned 314,265 shares of the company’s stock, valued at $52,673,956.65. This trade represents a 2.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 566,379 shares of company stock valued at $86,964,840 over the last quarter. Company insiders own 36.66% of the company’s stock.

Atlassian Trading Up 2.6%

Shares of Atlassian stock opened at $131.75 on Friday. The firm has a market cap of $34.66 billion, a price-to-earnings ratio of -185.56, a price-to-earnings-growth ratio of 19.89 and a beta of 0.88. Atlassian Corporation PLC has a 52-week low of $115.53 and a 52-week high of $326.00. The company’s 50-day simple moving average is $150.71 and its 200-day simple moving average is $164.12. 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 (NASDAQ:TEAM) last announced its quarterly earnings data on Thursday, October 30th. The technology company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 7.11% and a negative net margin of 3.38%.The firm’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.77 EPS. As a group, equities research analysts anticipate that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Analyst Ratings Changes

TEAM has been the subject of several research analyst reports. BTIG Research reissued a “buy” rating and issued a $220.00 price objective on shares of Atlassian in a report on Tuesday, January 13th. Wells Fargo & Company started coverage on shares of Atlassian in a research note on Tuesday, September 30th. They set an “overweight” rating and a $216.00 price target for the company. Zacks Research raised shares of Atlassian from a “strong sell” rating to a “hold” rating in a research report on Monday, November 3rd. TD Cowen dropped their price objective on shares of Atlassian from $205.00 to $175.00 and set a “hold” rating on the stock in a research note on Tuesday. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $240.00 target price on shares of Atlassian in a research note on Friday, October 31st. Twenty-one analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $235.38.

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.