Brian Duffy Sells 1,222 Shares of Atlassian (NASDAQ:TEAM) Stock

Atlassian Corporation PLC (NASDAQ:TEAM) CRO Brian Duffy sold 1,222 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $81.35, for a total transaction of $99,409.70. Following the completion of the transaction, the executive owned 124,332 shares of the company’s stock, valued at approximately $10,114,408.20. The trade was a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Atlassian Stock Down 5.3%

TEAM opened at $75.98 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.89 and a current ratio of 0.89. Atlassian Corporation PLC has a fifty-two week low of $75.01 and a fifty-two week high of $298.63. The firm’s fifty day moving average is $129.72 and its 200 day moving average is $150.47. The stock has a market cap of $20.04 billion, a price-to-earnings ratio of -105.53, a price-to-earnings-growth ratio of 63.42 and a beta of 0.88.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings results on Thursday, February 5th. The technology company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.10. Atlassian had a negative return on equity of 6.33% and a negative net margin of 3.29%.The business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the prior year, the business posted $0.96 EPS. Atlassian’s revenue for the quarter was up 23.3% compared to the same quarter last year. On average, sell-side analysts forecast that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TEAM. Jefferies Financial Group set a $150.00 price objective on shares of Atlassian in a report on Friday, February 6th. Canaccord Genuity Group set a $185.00 target price on shares of Atlassian in a research report on Friday, February 6th. Citigroup reduced their price target on shares of Atlassian from $210.00 to $160.00 and set a “buy” rating on the stock in a report on Monday, February 9th. Piper Sandler reiterated an “overweight” rating and issued a $200.00 price target (down previously from $280.00) on shares of Atlassian in a research note on Friday, February 6th. Finally, Barclays reduced their target price on Atlassian from $215.00 to $165.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. Twenty investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $189.32.

Hedge Funds Weigh In On Atlassian

Large investors have recently modified their holdings of the stock. Kovitz Investment Group Partners LLC raised its holdings in Atlassian by 4.6% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 7,300 shares of the technology company’s stock valued at $1,184,000 after buying an additional 318 shares during the period. Wick Capital Partners LLC bought a new position in Atlassian during the fourth quarter valued at $1,526,000. Invesco Ltd. raised its stake in shares of Atlassian by 17.0% in the fourth quarter. Invesco Ltd. now owns 1,181,957 shares of the technology company’s stock valued at $191,643,000 after acquiring an additional 171,835 shares during the period. Corient Private Wealth LLC lifted its holdings in shares of Atlassian by 4.2% in the 4th quarter. Corient Private Wealth LLC now owns 8,602 shares of the technology company’s stock worth $1,395,000 after acquiring an additional 344 shares during the last quarter. Finally, Alberta Investment Management Corp purchased a new position in shares of Atlassian during the 4th quarter worth about $59,246,000. Institutional investors own 94.45% of the company’s stock.

Key Stories Impacting Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: LinkedIn’s CFO is joining Atlassian — an experienced finance executive hire that can bolster leadership depth and investor confidence. LinkedIn CFO jumps to Atlassian
• Positive Sentiment: A Seeking Alpha piece upgraded TEAM to “Strong Buy,” citing accelerating revenue growth, a rising RPO/backlog, high gross margins and improved pro forma operating margins — a fundamental read that supports a recovery thesis. Atlassian: Trust Growth Acceleration And RPO Buildup (Upgrade)
• Positive Sentiment: Coverage noting Q2 performance is driving optimism about Atlassian’s growth trajectory and backlog, reinforcing the view that recent share weakness is more sentiment-driven than fundamental. Second Quarter Performance Drives Optimism Around Atlassian (TEAM)
• Neutral Sentiment: Sector context — peers like RingCentral and Five9 rallied on AI-related positive results, showing mixed sentiment in software: some firms benefit from AI tailwinds while others face selling pressure. This is a market-level factor rather than a TEAM-specific catalyst. Beaten-down software stocks RingCentral and Five9 rally as earnings quell some AI concerns
• Neutral Sentiment: Reported short-interest data in the feed is anomalous (shows 0 shares / NaN changes) and provides no actionable signal; treat as unreliable until clarified by exchanges or official reports.
• Negative Sentiment: Multiple senior executives sold shares on Feb 19 (CFO Joseph Binz, CTO Rajeev Bashyam Rajan, CRO Brian Duffy, CAO Gene Liu). While these were relatively small percentages of holdings, clustered insider selling can raise investor concern on timing and outlook. SEC filings: SEC Filing — Joseph Leo Binz Sale SEC Filing — Rajeev Bashyam Rajan Sale SEC Filing — Brian Duffy Sale SEC Filing — Gene Liu Sale
• Negative Sentiment: Pomerantz LLP launched an investor investigation into Atlassian, which introduces legal/ reputational risk and can pressure shares while the inquiry proceeds. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Atlassian Corporation – TEAM

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.