Insider Selling: Atlassian (NASDAQ:TEAM) CTO Sells 3,072 Shares of Stock

Atlassian Corporation PLC (NASDAQ:TEAM) CTO Rajeev Bashyam Rajan sold 3,072 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $81.35, for a total transaction of $249,907.20. Following the completion of the sale, the chief technology officer directly owned 212,916 shares of the company’s stock, valued at $17,320,716.60. The trade was a 1.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Atlassian Trading Down 5.3%

TEAM stock traded down $4.28 during midday trading on Friday, hitting $75.98. 9,550,965 shares of the company’s stock were exchanged, compared to its average volume of 6,146,748. Atlassian Corporation PLC has a one year low of $75.01 and a one year high of $298.63. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market cap of $20.04 billion, a PE ratio of -105.53, a price-to-earnings-growth ratio of 69.79 and a beta of 0.88. The stock’s fifty day moving average price is $129.72 and its 200-day moving average price is $150.72.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings results on Thursday, February 5th. The technology company reported $1.22 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 company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the firm posted $0.96 earnings per share. Atlassian’s revenue was up 23.3% compared to the same quarter last year. Research analysts predict that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. BTIG Research lowered their target price on Atlassian from $220.00 to $140.00 and set a “buy” rating for the company in a report on Friday, February 6th. Robert W. Baird set a $140.00 price objective on Atlassian in a research report on Friday, February 6th. Oppenheimer decreased their price objective on Atlassian from $275.00 to $150.00 and set an “outperform” rating for the company in a report on Friday, February 6th. Jefferies Financial Group set a $150.00 target price on Atlassian in a research note on Friday, February 6th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $200.00 price target (down from $280.00) on shares of Atlassian in a research note on Friday, February 6th. Twenty research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Atlassian currently has an average rating of “Moderate Buy” and an average price target of $189.32.

Trending Headlines about 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

Institutional Investors Weigh In On Atlassian

Several hedge funds have recently bought and sold shares of the company. Capco Asset Management LLC bought a new stake in Atlassian in the second quarter valued at approximately $25,000. Physician Wealth Advisors Inc. boosted its position in Atlassian by 60.4% during the third quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock worth $26,000 after purchasing an additional 61 shares during the period. Atlantic Union Bankshares Corp increased its holdings in shares of Atlassian by 19,900.0% in the third quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company’s stock valued at $32,000 after purchasing an additional 199 shares during the last quarter. Board of the Pension Protection Fund bought a new position in shares of Atlassian in the fourth quarter valued at about $32,000. Finally, Basepoint Wealth LLC bought a new stake in shares of Atlassian during the 4th quarter worth about $32,000. 94.45% of the stock is currently owned by institutional investors and hedge funds.

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.