Atlassian (NASDAQ:TEAM) Sets New 12-Month Low After Insider Selling

Atlassian Corporation PLC (NASDAQ:TEAM)’s stock price reached a new 52-week low on Thursday following insider selling activity. The company traded as low as $115.01 and last traded at $118.5370, with a volume of 4526947 shares changing hands. The stock had previously closed at $134.76.

Specifically, CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $135.44, for a total value of $1,038,147.60. Following the sale, the chief executive officer owned 321,930 shares of the company’s stock, valued at approximately $43,602,199.20. The trade was a 2.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Scott Farquhar sold 7,665 shares of the stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $135.44, for a total value of $1,038,147.60. Following the transaction, the director directly owned 321,930 shares of the company’s stock, valued at $43,602,199.20. This trade represents a 2.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In other Atlassian news, Director Scott Farquhar sold 7,665 shares of the firm’s stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $136.93, for a total value of $1,049,568.45. Following the completion of the transaction, the director directly owned 337,260 shares in the company, valued at $46,181,011.80. This trade represents a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on TEAM shares. Truist Financial set a $210.00 price objective on Atlassian in a report on Friday, October 31st. UBS Group set a $145.00 price target on shares of Atlassian in a research report on Tuesday. The Goldman Sachs Group reaffirmed a “buy” rating and set a $260.00 price target on shares of Atlassian in a research report on Friday, October 31st. Piper Sandler reissued an “overweight” rating on shares of Atlassian in a research report on Tuesday, January 13th. Finally, BMO Capital Markets boosted their price objective on shares of Atlassian from $190.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Twenty investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $227.60.

Key Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Marketing / brand exposure — Atlassian’s Williams F1 team added Wilkinson Sword as an official partner, which can help enterprise brand awareness and demand generation over time. Read More.
• Neutral Sentiment: AI competitive landscape — Coverage highlights Anthropic’s Cowork as a potential disruptor to collaboration/workflow tools; important context for long‑term competitive risk but speculative for immediate fundamentals. Read More.
• Neutral Sentiment: Context pieces explain drivers behind today’s selloff (useful background but not new company financials). Read More.
• Negative Sentiment: Insider selling — CEO Michael Cannon‑Brookes and director Scott Farquhar executed multiple same‑period share sales (several blocks of ~7,665 shares), signaling near‑term negative sentiment and adding selling supply. Read More.
• Negative Sentiment: Legal risk — Pomerantz LLP launched an investor investigation into Atlassian, which can prolong downward pressure until claims are clarified or dismissed. Read More.
• Negative Sentiment: Analyst / sell‑side pressure — Recent analyst target reductions and negative notes (coverage cited) reduce near‑term upside expectations and can accelerate selling. Read More.
• Negative Sentiment: Bearish momentum — Stock hit a new 52‑week low and reports cite higher short interest, which can amplify declines via momentum and short‑term trading flows. Read More.

Atlassian Price Performance

The company’s 50-day moving average price is $148.99 and its two-hundred day moving average price is $161.52. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $31.09 billion, a P/E ratio of -166.45, a price-to-earnings-growth ratio of 18.64 and a beta of 0.88.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings results on Thursday, October 30th. The technology company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.21. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.11%. Atlassian’s quarterly revenue was up 20.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.77 EPS. As a group, sell-side analysts expect that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Hedge Funds Weigh In On Atlassian

Institutional investors and hedge funds have recently made changes to their positions in the company. DNB Asset Management AS lifted its holdings in Atlassian by 266.6% during the 3rd quarter. DNB Asset Management AS now owns 2,806,888 shares of the technology company’s stock worth $448,260,000 after purchasing an additional 2,041,210 shares during the last quarter. Norges Bank bought a new position in Atlassian during the 2nd quarter worth $377,794,000. Artisan Partners Limited Partnership lifted its holdings in shares of Atlassian by 66.3% during the second quarter. Artisan Partners Limited Partnership now owns 3,878,133 shares of the technology company’s stock worth $787,610,000 after buying an additional 1,545,546 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of Atlassian by 38.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 3,950,852 shares of the technology company’s stock worth $640,628,000 after buying an additional 1,090,787 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Atlassian by 6.0% in the third quarter. Vanguard Group Inc. now owns 18,479,561 shares of the technology company’s stock valued at $2,951,186,000 after acquiring an additional 1,049,483 shares during the period. Institutional investors and hedge funds own 94.45% of the company’s stock.

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.