Swiss National Bank Sells 16,500 Shares of Atlassian Corporation PLC $TEAM

Swiss National Bank lowered its position in Atlassian Corporation PLC (NASDAQ:TEAM) by 3.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 479,867 shares of the technology company’s stock after selling 16,500 shares during the quarter. Swiss National Bank owned approximately 0.18% of Atlassian worth $76,635,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of TEAM. Inceptionr LLC acquired a new stake in Atlassian in the 3rd quarter valued at about $737,000. B. Metzler seel. Sohn & Co. AG grew its holdings in Atlassian by 33.5% during the third quarter. B. Metzler seel. Sohn & Co. AG now owns 10,490 shares of the technology company’s stock worth $1,675,000 after purchasing an additional 2,630 shares during the period. Dynamic Technology Lab Private Ltd increased its position in Atlassian by 28.0% during the third quarter. Dynamic Technology Lab Private Ltd now owns 14,810 shares of the technology company’s stock worth $2,365,000 after buying an additional 3,240 shares during the last quarter. Vinva Investment Management Ltd raised its stake in Atlassian by 111.6% in the third quarter. Vinva Investment Management Ltd now owns 86,482 shares of the technology company’s stock valued at $14,497,000 after buying an additional 45,616 shares during the period. Finally, Meiji Yasuda Life Insurance Co bought a new stake in Atlassian in the third quarter valued at approximately $527,000. 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 will cut roughly 10% of its workforce (about 1,600 jobs) to “self‑fund” investments in AI and enterprise sales, a move management framed as accelerating the company’s transition to an AI‑first business and improving the path to sustained profitability. Atlassian to lay off about 1,600 people in pivot to AI
• Positive Sentiment: Market response: shares rallied in after‑hours trading following the announcement, reflecting investor approval that the cuts could accelerate profitability and fund AI initiatives. Atlassian to cut roughly 10% jobs in pivot to AI
• Neutral Sentiment: CEO messaging emphasized a human approach to layoffs and rejected a simple “AI replaces people” narrative, aiming to calm employees and customers even as the company shifts headcount and skills. Atlassian to Cut 10% of Jobs Citing AI. But Its CEO Used a Human Touch for the Layoffs.
• Negative Sentiment: The restructuring includes leadership turnover (CTO departure reported) and localized impacts (e.g., ~63 roles in Washington state, layoffs in India), which could create execution risk and short‑term disruption to product roadmaps. Atlassian layoffs impact 63 workers in Washington as CTO steps down
• Negative Sentiment: Operational note: a Jira-to-cloud migration tool previously designed to speed cloud moves reportedly slowed adoption, highlighting product execution and migration risks that could temper the benefit of AI initiatives. Atlassian built a tool to migrate Jira users to the cloud and it made the move slower

Atlassian Stock Performance

NASDAQ:TEAM opened at $75.45 on Thursday. The firm has a market capitalization of $19.90 billion, a PE ratio of -104.79, a price-to-earnings-growth ratio of 309.01 and a beta of 0.94. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.62. The stock’s 50-day simple moving average is $107.55 and its 200 day simple moving average is $142.25. Atlassian Corporation PLC has a twelve month low of $67.85 and a twelve month high of $242.00.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings data 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. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Atlassian had a negative net margin of 3.29% and a negative return on equity of 6.33%. The firm’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.96 EPS. On average, analysts anticipate that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Insider Activity at Atlassian

In other Atlassian news, Director Scott Farquhar sold 7,665 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $94.81, for a total value of $726,718.65. Following the completion of the transaction, the director directly owned 275,940 shares in the company, valued at approximately $26,161,871.40. This trade represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Rajeev Bashyam Rajan sold 3,072 shares of Atlassian stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $81.35, for a total value of $249,907.20. Following the sale, the chief technology officer directly owned 212,916 shares in the company, valued at $17,320,716.60. The trade was a 1.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 359,131 shares of company stock worth $50,672,589 over the last 90 days. 36.66% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Oppenheimer reduced their target price on Atlassian from $275.00 to $150.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. Cantor Fitzgerald dropped their price target on Atlassian from $240.00 to $146.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 4th. Guggenheim cut their price target on Atlassian from $225.00 to $190.00 and set a “buy” rating for the company in a report on Friday, February 6th. BMO Capital Markets set a $130.00 price objective on shares of Atlassian and gave the stock an “outperform” rating in a research report on Friday, February 6th. Finally, Wall Street Zen raised shares of Atlassian from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Twenty 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $189.32.

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.