Atlassian Corporation PLC $TEAM Shares Purchased by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC raised its stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 101.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,932 shares of the technology company’s stock after buying an additional 10,060 shares during the period. Gateway Investment Advisers LLC’s holdings in Atlassian were worth $3,232,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TEAM. Physician Wealth Advisors Inc. increased its stake in Atlassian by 60.4% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock valued at $26,000 after buying an additional 61 shares during the period. Atlantic Union Bankshares Corp increased its stake in Atlassian by 19,900.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company’s stock valued at $32,000 after buying an additional 199 shares during the period. Board of the Pension Protection Fund acquired a new position in Atlassian during the 4th quarter valued at about $32,000. Bogart Wealth LLC increased its stake in Atlassian by 76.4% during the 4th quarter. Bogart Wealth LLC now owns 217 shares of the technology company’s stock valued at $35,000 after buying an additional 94 shares during the period. Finally, Geneos Wealth Management Inc. increased its stake in Atlassian by 447.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock valued at $42,000 after buying an additional 161 shares during the period. Institutional investors and hedge funds own 94.45% of the company’s stock.

Atlassian Stock Performance

Shares of TEAM opened at $92.37 on Friday. Atlassian Corporation PLC has a one year low of $56.01 and a one year high of $232.36. The company has a 50-day moving average of $72.12 and a two-hundred day moving average of $116.37. The stock has a market cap of $24.36 billion, a price-to-earnings ratio of -111.29, a PEG ratio of 5.05 and a beta of 0.90. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.70 and a quick ratio of 0.89.

Atlassian (NASDAQ:TEAM) last announced its earnings results on Thursday, April 30th. The technology company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.33 by $0.42. Atlassian had a negative net margin of 3.50% and a positive return on equity of 6.22%. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same period last year, the company posted $0.97 earnings per share. The business’s revenue for the quarter was up 31.7% on a year-over-year basis. On average, equities research analysts expect that Atlassian Corporation PLC will post 0.81 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on TEAM shares. Truist Financial raised their target price on shares of Atlassian from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Morgan Stanley lowered their target price on shares of Atlassian from $290.00 to $120.00 and set an “overweight” rating on the stock in a research note on Thursday, April 16th. BMO Capital Markets lowered their target price on shares of Atlassian from $130.00 to $105.00 and set an “outperform” rating on the stock in a research note on Friday, May 1st. Citigroup lowered their target price on shares of Atlassian from $160.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Finally, Oppenheimer lowered their target price on shares of Atlassian from $150.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, April 17th. Twenty-one 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $145.26.

Key Stories Impacting Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Barclays raised its price target and said Atlassian’s new annual recurring revenue (ARR) disclosure validates an improving growth trajectory, reinforcing the enterprise bull case. Barclays Hikes Price Target
• Positive Sentiment: BTIG bumped its price target from $120 to $130 and keeps a Buy rating, signaling confidence from institutional research that TEAM has upside from current levels. Benzinga
• Positive Sentiment: Zacks highlights a strong analyst-consensus upside (~41%), and separately added TEAM to its Zacks Rank #1 (Strong Buy) list — both items increase buy-side conviction. Zacks Analysts Upside Zacks Rank #1
• Positive Sentiment: Atlassian’s Team ’26 product rollouts — including opening the Teamwork Graph, Rovo (agentic execution) and the new Flex commercial model — were framed as enterprise-focused, AI-native features that make it easier for large customers to scale and adopt AI across tools. Teamwork Graph Press Release Flex Press Release
• Positive Sentiment: Independent coverage and trade press (SiliconANGLE, ComputerWeekly) highlight Rovo and Teamwork Graph as meaningful steps toward “agentic” AI for teams — helping shift the narrative that AI threatens Atlassian’s model to AI-enabled growth. SiliconANGLE Rovo Coverage
• Neutral Sentiment: Long-term performance pieces note strong historical returns for patient investors, which can bolster retail interest but don’t directly affect near-term fundamentals. MSN Historical Returns
• Neutral Sentiment: Partner recognition (Praecipio named Atlassian Partner of the Year) signals healthy channel execution but is a modest, incremental positive. Partner Award
• Negative Sentiment: Critical takes from diginomica flag that Team ’26’s positioning is “selling a nervous system, not a clean slate,” raising questions about complexity, migration friction and execution risk for large enterprises. Diginomica Critique
• Negative Sentiment: Another diginomica piece warns of an “AI governance hangover” and integration/governance complexities as Atlassian expands agentic capabilities — potential risks to adoption speed and enterprise buy-in. Diginomica Governance Concerns

Insiders Place Their Bets

In other Atlassian news, CRO Brian Duffy sold 1,222 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $81.35, for a total value of $99,409.70. Following the completion of the transaction, the executive directly owned 124,332 shares in the company, valued at $10,114,408.20. This trade represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CTO Rajeev Bashyam Rajan sold 3,072 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $81.35, for a total transaction of $249,907.20. Following the completion of the transaction, the chief technology officer owned 212,916 shares of the company’s stock, valued at approximately $17,320,716.60. The trade was a 1.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 6,013 shares of company stock worth $489,158 over the last ninety days. 36.66% of the stock is currently owned by company insiders.

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.