PNC Financial Services Group Inc. Sells 16,314 Shares of Atlassian Corporation PLC $TEAM

PNC Financial Services Group Inc. lowered its position in Atlassian Corporation PLC (NASDAQ:TEAM) by 70.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,973 shares of the technology company’s stock after selling 16,314 shares during the period. PNC Financial Services Group Inc.’s holdings in Atlassian were worth $1,114,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capco Asset Management LLC bought a new stake in Atlassian in the 2nd quarter worth about $25,000. Physician Wealth Advisors Inc. grew its holdings in shares of Atlassian by 60.4% in the third quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock valued at $26,000 after acquiring an additional 61 shares in the last quarter. Atlantic Union Bankshares Corp increased its position in shares of Atlassian by 19,900.0% during the third quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company’s stock valued at $32,000 after acquiring an additional 199 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of Atlassian by 447.2% during the first quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock valued at $42,000 after acquiring an additional 161 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in Atlassian during the third quarter worth $57,000. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TEAM shares. Mizuho reduced their price objective on Atlassian from $225.00 to $205.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. Macquarie Infrastructure reduced their price target on shares of Atlassian from $250.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, November 3rd. Oppenheimer decreased their price objective on shares of Atlassian from $275.00 to $150.00 and set an “outperform” rating for the company in a report on Friday, February 6th. BTIG Research dropped their target price on shares of Atlassian from $220.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Finally, Citigroup lowered 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. Twenty equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $189.32.

Insider Transactions at Atlassian

In related news, CEO Michael Cannon-Brookes sold 7,665 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $161.79, for a total transaction of $1,240,120.35. Following the sale, the chief executive officer owned 107,310 shares of the company’s stock, valued at approximately $17,361,684.90. This represents a 6.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Scott Farquhar sold 7,665 shares of the firm’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $161.79, for a total transaction of $1,240,120.35. Following the completion of the transaction, the director directly owned 99,645 shares of the company’s stock, valued at approximately $16,121,564.55. The trade was a 7.14% 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 435,781 shares of company stock valued at $62,755,235 in the last ninety days. Insiders own 36.66% of the company’s stock.

More Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: New CFO appointment may boost confidence — Atlassian named James Chuong (ex‑LinkedIn CFO) to succeed Joe Binz; markets often view experienced finance chiefs as stabilizing for AI and capital-allocation strategies. Atlassian CFO Shift Brings LinkedIn Experience To AI And Capital Decisions
• Positive Sentiment: Analyst and sentiment support — despite a multi-quarter collapse, many analysts still rate TEAM a buy, which can underpin rebounds as value investors step in. Atlassian Stock Is Down 76% But 25 Analysts Still Call It a Buy
• Positive Sentiment: Possible end to the software selloff — commentary argues the Great Software Selloff of 2026 may be over, which likely helped momentum traders buy the bounce. Why Atlassian Stock Just Popped
• Neutral Sentiment: Valuation / fundamentals debate continues — recent Q2 beat and revenue growth are cited in analysis, but profitability metrics and forward EPS expectations remain mixed; investors are weighing growth vs. margin pressure. Assessing Atlassian (TEAM) Valuation After Q2 Beat And Appointment Of New CFO James Chuong
• Negative Sentiment: Street price‑target cut — a reported 23.9% reduction in Atlassian’s price target signals lowered analyst expectations and can cap upside. Atlassian (TEAM) price target decreased by 23.90% to 178.95
• Negative Sentiment: Investor investigation announced — Pomerantz LLP is investigating potential claims against Atlassian, which increases legal/short‑term risk and can pressure sentiment. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Atlassian Corporation – TEAM
• Negative Sentiment: Sector pressure and 52‑week lows — broader SaaS/AI rotation has pushed TEAM toward multi‑year lows, keeping downside risk elevated until sector sentiment stabilizes. SaaS Stocks Buried In AI Blizzard: Atlassian, Salesforce Hit 52-Week Lows

Atlassian Stock Performance

Shares of TEAM stock opened at $71.18 on Wednesday. The firm’s 50 day moving average is $126.15 and its 200 day moving average is $148.83. The stock has a market capitalization of $18.77 billion, a P/E ratio of -98.86, a PEG ratio of 57.44 and a beta of 0.88. Atlassian Corporation PLC has a 12 month low of $67.85 and a 12 month high of $295.91. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.62.

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

Atlassian 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.