Y Intercept Hong Kong Ltd Acquires 20,078 Shares of Atlassian Corporation PLC $TEAM

Y Intercept Hong Kong Ltd grew its holdings in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 32.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 81,339 shares of the technology company’s stock after buying an additional 20,078 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Atlassian were worth $12,990,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TEAM. Rakuten Investment Management Inc. bought a new stake in Atlassian in the third quarter valued at $2,014,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of Atlassian by 10.3% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 109,672 shares of the technology company’s stock worth $17,515,000 after purchasing an additional 10,209 shares during the period. Chicago Partners Investment Group LLC boosted its stake in shares of Atlassian by 100.4% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,942 shares of the technology company’s stock valued at $810,000 after purchasing an additional 2,476 shares in the last quarter. Allegiance Financial Group Advisory Services LLC increased its position in shares of Atlassian by 6.6% during the third quarter. Allegiance Financial Group Advisory Services LLC now owns 1,307 shares of the technology company’s stock valued at $209,000 after buying an additional 81 shares during the period. Finally, Jackson Thornton Wealth Management LLC bought a new position in Atlassian in the third quarter worth about $371,000. Institutional investors own 94.45% of the company’s stock.

Trending Headlines about Atlassian

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 Price Performance

TEAM opened at $131.75 on Friday. The firm has a market cap of $34.66 billion, a PE ratio of -185.56, a P/E/G ratio of 19.89 and a beta of 0.88. The stock has a 50-day moving average price of $150.71 and a 200-day moving average price of $164.12. Atlassian Corporation PLC has a 1 year low of $115.53 and a 1 year high of $326.00. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.26 and a quick ratio of 1.26.

Atlassian (NASDAQ:TEAM) last issued its earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.21. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.11%. The business’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.77 earnings per share. Sell-side analysts predict that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TEAM has been the topic of a number of research analyst reports. TD Cowen reduced their target price on Atlassian from $205.00 to $175.00 and set a “hold” rating on the stock in a report on Tuesday. Zacks Research upgraded Atlassian from a “strong sell” rating to a “hold” rating in a research report on Monday, November 3rd. Wells Fargo & Company began coverage on Atlassian in a report on Tuesday, September 30th. They issued an “overweight” rating and a $216.00 price objective for the company. Citigroup lowered their price objective on Atlassian from $240.00 to $210.00 and set a “buy” rating for the company in a research report on Friday, January 16th. Finally, Jefferies Financial Group set a $262.00 target price on shares of Atlassian in a research report on Thursday, January 15th. Twenty-one investment 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’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $235.38.

Insider Activity at Atlassian

In other Atlassian news, President Anutthara Bharadwaj sold 9,847 shares of the stock in a transaction on Friday, November 14th. The stock was sold at an average price of $152.46, for a total transaction of $1,501,273.62. Following the sale, the president directly owned 242,092 shares in the company, valued at approximately $36,909,346.32. This trade represents a 3.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Scott Farquhar sold 7,665 shares of the business’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $167.61, for a total value of $1,284,730.65. Following the completion of the transaction, the director owned 314,265 shares of the company’s stock, valued at $52,673,956.65. This represents a 2.38% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 566,379 shares of company stock valued at $86,964,840. 36.66% of the stock is owned by corporate insiders.

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.