TD Private Client Wealth LLC Lowers Holdings in Atlassian Corporation PLC $TEAM

TD Private Client Wealth LLC cut its holdings in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 46.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,381 shares of the technology company’s stock after selling 7,230 shares during the quarter. TD Private Client Wealth LLC’s holdings in Atlassian were worth $1,338,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TEAM. Capco Asset Management LLC acquired a new position in Atlassian during the 2nd quarter worth $25,000. Geneos Wealth Management Inc. increased its position in shares of Atlassian by 447.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock valued at $42,000 after purchasing an additional 161 shares during the last quarter. Quent Capital LLC acquired a new stake in shares of Atlassian in the 3rd quarter valued at $60,000. Virtus Advisers LLC purchased a new stake in shares of Atlassian during the 2nd quarter worth $61,000. Finally, First Horizon Advisors Inc. grew 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 worth $76,000 after purchasing an additional 107 shares in the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TEAM. Canaccord Genuity Group reaffirmed a “buy” rating and set a $230.00 price target on shares of Atlassian in a report on Wednesday, October 22nd. Weiss Ratings restated a “sell (e+)” rating on shares of Atlassian in a research note on Wednesday, October 8th. Truist Financial set a $210.00 target price on shares of Atlassian in a report on Friday, October 31st. The Goldman Sachs Group reiterated a “buy” rating and set a $260.00 price target on shares of Atlassian in a research note on Friday, October 31st. Finally, Wells Fargo & Company assumed coverage on Atlassian in a research note on Tuesday, September 30th. They issued an “overweight” rating and a $216.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $238.46.

Insiders Place Their Bets

In other Atlassian news, Director Scott Farquhar sold 7,665 shares of the stock in a transaction on Monday, October 27th. The stock was sold at an average price of $165.03, for a total value of $1,264,954.95. Following the completion of the transaction, the director owned 337,260 shares in the company, valued at approximately $55,658,017.80. This represents a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the firm’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $160.40, for a total value of $1,229,466.00. Following the completion of the sale, the chief executive officer directly owned 321,930 shares of the company’s stock, valued at approximately $51,637,572. This trade represents a 2.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 566,379 shares of company stock worth $89,162,702. Company insiders own 36.66% of the company’s stock.

Trending Headlines about Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: BTIG reaffirmed a “buy” on TEAM with a $220 price target, signaling analyst conviction that there is upside from current levels. BTIG/Benzinga coverage
• Positive Sentiment: Large institutional holders (e.g., Vanguard, Artisan, State Street) continue to hold or have added to positions in TEAM, supporting a base of long‑term demand beneath the stock.
• Neutral Sentiment: Atlassian scheduled Q2 FY2026 earnings for after the close on Feb 5, 2026 with a 2:00 PM PT conference call — a near‑term event that could reprice the stock based on revenue, guidance and booking trends. Earnings date announcement
• Neutral Sentiment: Operational/PR news: Keeper Security announced a cybersecurity deployment with the Atlassian Williams F1 team — positive for brand/partnerships but unlikely to move near‑term fundamentals materially. Keeper Security / Williams F1
• Neutral Sentiment: Analyst coverage remains mixed‑but‑positive overall (consensus “Moderate Buy” and a materially higher average target), so analyst commentary around earnings could amplify moves in either direction. Analyst roundup
• Negative Sentiment: Repeated insider selling by co‑founders Michael Cannon‑Brookes and Scott Farquhar (multiple 7,665‑share lots across Dec–Jan, including filings on Jan 12) is the primary bearish driver today — the pattern has prompted headlines and investor concern about timing and insider sentiment. See reporting and SEC filing for details. Invezz article SEC filing

Atlassian Price Performance

Shares of NASDAQ TEAM opened at $131.96 on Thursday. The company has a market cap of $34.72 billion, a PE ratio of -185.86, a P/E/G ratio of 21.35 and a beta of 0.88. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.26 and a quick ratio of 1.26. Atlassian Corporation PLC has a 1-year low of $131.20 and a 1-year high of $326.00. The stock has a fifty day moving average price of $155.18 and a 200 day moving average price of $168.02.

Atlassian (NASDAQ:TEAM) last released its earnings results on Thursday, October 30th. The technology company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.83 by $0.21. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.11%. The business’s revenue was up 20.6% on a year-over-year basis. During the same quarter last year, the business earned $0.77 EPS. Sell-side analysts forecast that Atlassian Corporation PLC will post -0.34 EPS for the current 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.