Krilogy Financial LLC Buys Shares of 9,593 Atlassian Corporation PLC $TEAM

Krilogy Financial LLC purchased a new position in shares of Atlassian Corporation PLC (NASDAQ:TEAM) during the third quarter, Holdings Channel reports. The institutional investor purchased 9,593 shares of the technology company’s stock, valued at approximately $1,549,000.

Several other institutional investors have also recently made changes to their positions in the company. Physician Wealth Advisors Inc. lifted its stake in Atlassian by 60.4% in the third quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock worth $26,000 after acquiring an additional 61 shares during the period. Snowden Capital Advisors LLC raised its holdings in shares of Atlassian by 1.6% in the 2nd quarter. Snowden Capital Advisors LLC now owns 4,464 shares of the technology company’s stock valued at $907,000 after purchasing an additional 71 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Atlassian by 0.3% in the 2nd quarter. Cetera Investment Advisers now owns 24,808 shares of the technology company’s stock worth $5,038,000 after purchasing an additional 79 shares during the period. Allegiance Financial Group Advisory Services LLC boosted its stake in shares of Atlassian by 6.6% during the third quarter. Allegiance Financial Group Advisory Services LLC now owns 1,307 shares of the technology company’s stock valued at $209,000 after purchasing an additional 81 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in shares of Atlassian by 40.1% during the second quarter. First Horizon Advisors Inc. now owns 374 shares of the technology company’s stock valued at $76,000 after purchasing an additional 107 shares in the last quarter. Hedge funds and other 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: Barron’s highlights that heavy short interest across software names could spark a near-term short squeeze, which would be a positive catalyst for TEAM if shorts cover. Software Stocks Look Primed for a Short Squeeze
• Positive Sentiment: Strategists told Reuters that AI‑driven sell‑offs have created buying opportunities in higher‑quality software stocks — a narrative that could support a rebound in TEAM. AI disruption fears create buying chance in US software stocks, strategists say
• Positive Sentiment: Market sentiment has shown signs of stabilizing (Nasdaq rebound / Fear & Greed index moving to neutral), which could help software names, including TEAM, recover if momentum continues. Nasdaq Jumps Over 200 Points As Software Stocks Rebound
• Positive Sentiment: High‑profile bullish commentary (Jim Cramer calling TEAM “absurdly cheap” unless the business collapses) may attract value buyers. Jim Cramer on Atlassian Corporation
• Neutral Sentiment: Atlassian signed a marketing/brand partnership with Estrella Galicia 0,0 via the Williams F1 team — positive PR but unlikely to move fundamentals materially. Atlassian Williams F1 Team partnership
• Neutral Sentiment: Some short‑interest data in feeds show anomalies (entries reporting 0 shares), so treat those automated snapshots with caution when assessing current short positioning.
• Negative Sentiment: Bernstein trimmed its price target on TEAM to $290, which is a negative analyst signal and likely weighing on investor sentiment today. Bernstein trims target price on Atlassian (TEAM) to $290
• Negative Sentiment: Reports of insider selling have coincided with the pullback, a short‑term negative signal for confidence and a likely contributor to downward pressure. Atlassian Trading Down Following Insider Selling
• Negative Sentiment: Short interest rose to ~9.5M shares (about 5.7% of shares) as of Jan. 30, increasing volatility risk and making the stock more susceptible to directional swings. (Data snapshot provided in filings/feeds.)
• Negative Sentiment: Ongoing sector fears that AI could disrupt software businesses keep downward pressure on the group and on TEAM until clarity on adoption/monetization emerges. Software Bear Market: 1 SaaS Stock To Buy Now, 1 To Avoid

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Macquarie Infrastructure lowered their target price on Atlassian from $250.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Guggenheim reduced their price target on Atlassian from $225.00 to $190.00 and set a “buy” rating for the company in a research report on Friday, February 6th. BTIG Research dropped their price objective on Atlassian from $220.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Zacks Research upgraded Atlassian from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. Finally, Cantor Fitzgerald reduced their target price on shares of Atlassian from $240.00 to $146.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. Twenty research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Atlassian has a consensus rating of “Moderate Buy” and a consensus target price of $189.32.

Insiders Place Their Bets

In related news, President Anutthara Bharadwaj sold 9,847 shares of the firm’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $152.46, for a total value of $1,501,273.62. Following the completion of the transaction, the president owned 242,092 shares in the company, valued at $36,909,346.32. This trade represents a 3.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $147.41, for a total value of $1,129,897.65. Following the sale, the director directly owned 222,285 shares of the company’s stock, valued at approximately $32,767,031.85. This represents a 3.33% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 535,719 shares of company stock valued at $77,951,260. Insiders own 36.66% of the company’s stock.

Atlassian Price Performance

Shares of NASDAQ TEAM opened at $86.97 on Thursday. Atlassian Corporation PLC has a fifty-two week low of $85.04 and a fifty-two week high of $320.88. The company has a market cap of $22.88 billion, a PE ratio of -120.79, a P/E/G ratio of 77.56 and a beta of 0.88. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.26 and a current ratio of 0.89. The business has a 50-day simple moving average of $140.68 and a two-hundred day simple moving average of $155.84.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings data on Thursday, February 5th. The technology company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.10. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.54 billion. Atlassian had a negative net margin of 3.29% and a negative return on equity of 6.33%. The company’s revenue for the quarter was up 23.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.96 earnings per share. As a group, equities analysts expect that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

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.