Wealthfront Advisers LLC Reduces Stock Holdings in Atlassian Corporation PLC $TEAM

Wealthfront Advisers LLC reduced its stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 51.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,485 shares of the technology company’s stock after selling 8,000 shares during the quarter. Wealthfront Advisers LLC’s holdings in Atlassian were worth $1,195,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. NewEdge Advisors LLC raised its stake in Atlassian by 71.6% in the first quarter. NewEdge Advisors LLC now owns 5,432 shares of the technology company’s stock worth $1,153,000 after buying an additional 2,267 shares in the last quarter. Empowered Funds LLC raised its position in shares of Atlassian by 39.5% in the 1st quarter. Empowered Funds LLC now owns 4,689 shares of the technology company’s stock worth $995,000 after acquiring an additional 1,328 shares in the last quarter. Focus Partners Wealth boosted its position in shares of Atlassian by 32.6% during the first quarter. Focus Partners Wealth now owns 4,122 shares of the technology company’s stock valued at $875,000 after purchasing an additional 1,014 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Atlassian by 447.2% in the first quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock worth $42,000 after purchasing an additional 161 shares during the period. Finally, Sivia Capital Partners LLC lifted its position in Atlassian by 27.5% during the second quarter. Sivia Capital Partners LLC now owns 1,873 shares of the technology company’s stock valued at $380,000 after buying an additional 404 shares during the period. 94.45% of the stock is owned by hedge funds and other institutional investors.

More Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Coverage noting Atlassian’s strong presence within the Nasdaq tech complex, highlighting visibility among peers and potential long-term market positioning. Atlassian (NASDAQ:TEAM) Shows Strong Nasdaq Composite Presence In Tech
• Neutral Sentiment: Recaps and Q&A from Atlassian’s Q4 earnings call providing detail on execution and management commentary — useful for fundamentals but not a clear immediate catalyst. The 5 most interesting analyst questions from Atlassian’s Q4 earnings call
• Neutral Sentiment: Coverage of Atlassian’s strategic shift (global changes and AI initiatives) that could support longer-term revenue/positioning; article frames these moves against a recent share-price slump — mixed near-term impact. Atlassian’s Global Shift And AI Push Versus Recent Share Price Slump
• Neutral Sentiment: Reported short-interest entries for Feb 12–13 show anomalous data (0 shares / NaN change and a 0.0 days ratio). The figures are unreliable as published and don’t provide a clear short-squeeze or bearish signal today.
• Negative Sentiment: Zacks published a bearish feature on TEAM (“Bear of the Day”), highlighting deteriorating sentiment versus prior highs — negative press that can amplify selling. Bear of the Day: Atlassian (TEAM)
• Negative Sentiment: Zacks Research downgraded TEAM from “hold” to “strong sell,” a formal analyst downgrade that increases downside pressure by signaling weaker near-term expectations. Zacks.com
• Negative Sentiment: Citi cut its price target on TEAM from $210 to $160, trimming upside expectations from a major sell-side firm — another direct hit to valuation sentiment. Citi cuts PT on Atlassian Corporation (TEAM) to $160 from $210 – here’s why
• Negative Sentiment: Pomerantz LLP opened an investor investigation into Atlassian, introducing legal risk and potential liability concerns that typically weigh on shares until resolved. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf Of Investors of Atlassian Corporation – TEAM

Analysts Set New Price Targets

Several research analysts recently issued reports on TEAM shares. Jefferies Financial Group set a $150.00 price target on shares of Atlassian in a research note on Friday, February 6th. Canaccord Genuity Group set a $185.00 target price on shares of Atlassian in a research note on Friday, February 6th. BTIG Research lowered their target price on shares of Atlassian from $220.00 to $140.00 and set a “buy” rating for the company in a report on Friday, February 6th. Guggenheim dropped their price target on Atlassian from $225.00 to $190.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Finally, BMO Capital Markets set a $130.00 price objective on Atlassian and gave the company an “outperform” rating in a research report on Friday, February 6th. Twenty investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $189.32.

Atlassian Price Performance

Shares of NASDAQ TEAM opened at $84.38 on Monday. The firm has a market cap of $22.25 billion, a P/E ratio of -117.19, a PEG ratio of 70.43 and a beta of 0.88. Atlassian Corporation PLC has a twelve month low of $83.17 and a twelve month high of $316.99. 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 company has a 50 day moving average of $137.78 and a 200 day moving average of $153.92.

Atlassian (NASDAQ:TEAM) last issued its earnings results on Thursday, February 5th. The technology company reported $1.22 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.54 billion. During the same period last year, the business posted $0.96 EPS. The company’s revenue was up 23.3% compared to the same quarter last year. As a group, research analysts expect that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Insider Activity

In other news, Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $94.81, for a total value of $726,718.65. Following the completion of the sale, the director directly owned 275,940 shares in the company, valued at $26,161,871.40. The trade was a 2.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $94.81, for a total transaction of $726,718.65. Following the transaction, the chief executive officer owned 275,940 shares in the company, valued at approximately $26,161,871.40. This trade represents a 2.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 497,847 shares of company stock valued at $72,254,722 over the last quarter. 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.