New York State Common Retirement Fund Sells 54,239 Shares of Atlassian Corporation PLC $TEAM

New York State Common Retirement Fund lessened its holdings in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 18.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 235,365 shares of the technology company’s stock after selling 54,239 shares during the quarter. New York State Common Retirement Fund owned about 0.09% of Atlassian worth $37,588,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of TEAM. Capco Asset Management LLC bought a new position in Atlassian in the 2nd quarter worth approximately $25,000. Geneos Wealth Management Inc. lifted 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 worth $42,000 after acquiring an additional 161 shares in the last quarter. Virtus Advisers LLC bought a new position in shares of Atlassian in the second quarter worth $61,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Atlassian in the third quarter valued at $57,000. Finally, First Horizon Advisors Inc. raised its stake in shares of Atlassian by 40.1% during the 2nd 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 during the period. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Key Headlines Impacting Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Marketing / brand exposure — Atlassian’s Williams F1 team added Wilkinson Sword as an official partner, which can help enterprise brand awareness and demand generation over time. Read More.
• Neutral Sentiment: AI competitive landscape — Coverage highlights Anthropic’s Cowork as a potential disruptor to collaboration/workflow tools; important context for long‑term competitive risk but speculative for immediate fundamentals. Read More.
• Neutral Sentiment: Context pieces explain drivers behind today’s selloff (useful background but not new company financials). Read More.
• Negative Sentiment: Insider selling — CEO Michael Cannon‑Brookes and director Scott Farquhar executed multiple same‑period share sales (several blocks of ~7,665 shares), signaling near‑term negative sentiment and adding selling supply. Read More.
• Negative Sentiment: Legal risk — Pomerantz LLP launched an investor investigation into Atlassian, which can prolong downward pressure until claims are clarified or dismissed. Read More.
• Negative Sentiment: Analyst / sell‑side pressure — Recent analyst target reductions and negative notes (coverage cited) reduce near‑term upside expectations and can accelerate selling. Read More.
• Negative Sentiment: Bearish momentum — Stock hit a new 52‑week low and reports cite higher short interest, which can amplify declines via momentum and short‑term trading flows. Read More.

Atlassian Stock Performance

NASDAQ TEAM opened at $118.18 on Friday. Atlassian Corporation PLC has a 52-week low of $115.01 and a 52-week high of $326.00. The company has a fifty day moving average of $148.99 and a 200-day moving average of $161.52. The company has a market capitalization of $31.09 billion, a P/E ratio of -166.45, a P/E/G ratio of 18.64 and a beta of 0.88. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.26 and a current ratio of 1.26.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.21. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.40 billion. Atlassian had a negative return on equity of 7.11% and a negative net margin of 3.38%.The company’s revenue was up 20.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 earnings per share. As a group, equities research analysts predict that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Insider Buying and Selling at Atlassian

In other news, President Anutthara Bharadwaj sold 9,847 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $152.46, for a total value of $1,501,273.62. Following the completion of the sale, the president directly owned 242,092 shares in the company, valued at approximately $36,909,346.32. The trade was a 3.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $153.77, for a total transaction of $1,178,647.05. Following the transaction, the chief executive officer directly owned 237,615 shares in the company, valued at approximately $36,538,058.55. This represents a 3.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 551,049 shares of company stock worth $83,581,893 over the last ninety days. Insiders own 36.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TEAM. The Goldman Sachs Group reaffirmed a “buy” rating and set a $260.00 target price on shares of Atlassian in a report on Friday, October 31st. Sanford C. Bernstein boosted their price objective on shares of Atlassian from $290.00 to $304.00 and gave the company an “outperform” rating in a research note on Tuesday, November 18th. Robert W. Baird lowered their target price on shares of Atlassian from $230.00 to $170.00 and set an “outperform” rating on the stock in a research note on Monday, January 26th. Citigroup cut their price target on shares of Atlassian from $240.00 to $210.00 and set a “buy” rating for the company in a report on Friday, January 16th. Finally, Macquarie decreased their price target on shares of Atlassian from $250.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. Twenty investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $227.60.

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.