Rakuten Investment Management Inc. Invests $2.01 Million in Atlassian Corporation PLC $TEAM

Rakuten Investment Management Inc. bought a new stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 12,614 shares of the technology company’s stock, valued at approximately $2,014,000.

Other large investors also recently bought and sold shares of the company. Snowden Capital Advisors LLC lifted its position in Atlassian by 1.6% during the second quarter. Snowden Capital Advisors LLC now owns 4,464 shares of the technology company’s stock valued at $907,000 after purchasing an additional 71 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Atlassian by 0.3% during the 2nd quarter. Cetera Investment Advisers now owns 24,808 shares of the technology company’s stock valued at $5,038,000 after buying an additional 79 shares in the last quarter. Allegiance Financial Group Advisory Services LLC lifted its holdings in shares of Atlassian by 6.6% in the 3rd quarter. Allegiance Financial Group Advisory Services LLC now owns 1,307 shares of the technology company’s stock valued at $209,000 after acquiring an additional 81 shares during the last quarter. Louisiana State Employees Retirement System grew its position in Atlassian by 0.8% in the second quarter. Louisiana State Employees Retirement System now owns 12,100 shares of the technology company’s stock worth $2,457,000 after acquiring an additional 100 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its stake in Atlassian by 40.1% during the second quarter. First Horizon Advisors Inc. now owns 374 shares of the technology company’s stock worth $76,000 after acquiring an additional 107 shares during the last quarter. Institutional investors own 94.45% of the company’s stock.

Atlassian Stock Up 2.6%

NASDAQ:TEAM opened at $131.75 on Friday. The company 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 twelve month low of $115.53 and a twelve month high of $326.00. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.72. The stock has a fifty day simple moving average of $150.71 and a 200-day simple moving average of $164.12.

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

Insider Buying and Selling

In related news, Director Scott Farquhar sold 7,665 shares of the company’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $126.11, for a total transaction of $966,633.15. Following the completion of the transaction, the director owned 360,255 shares in the company, valued at $45,431,758.05. This represents a 2.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $126.11, for a total value of $966,633.15. Following the completion of the sale, the chief executive officer owned 360,255 shares in the company, valued at approximately $45,431,758.05. The trade was a 2.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 566,379 shares of company stock worth $86,964,840. 36.66% of the stock is owned by insiders.

Analyst Ratings Changes

TEAM has been the subject of several analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $240.00 price objective on shares of Atlassian in a research note on Friday, October 31st. Sanford C. Bernstein increased their price target on Atlassian from $290.00 to $304.00 and gave the company an “outperform” rating in a report on Tuesday, November 18th. Robert W. Baird set a $230.00 price objective on shares of Atlassian in a research note on Friday, October 31st. The Goldman Sachs Group reiterated a “buy” rating and set a $260.00 price objective on shares of Atlassian in a research report on Friday, October 31st. Finally, TD Cowen lowered their target price on shares of Atlassian from $205.00 to $175.00 and set a “hold” rating for the company in a report on Tuesday. Twenty-one equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $235.38.

Atlassian News Summary

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

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.