Atlassian Corporation PLC $TEAM Shares Sold by HB Wealth Management LLC

Key Points

• HB Wealth Management cut its stake in Atlassian by 76.6% in Q3, selling 7,928 shares and leaving 2,419 shares worth about $386,000.
• Company insiders have been heavy sellers recently — a total of 566,379 shares worth $88.9M sold in the last 90 days — a pattern cited as weighing on sentiment and linked to a new 12‑month low.
• Analysts maintain a consensus of "Moderate Buy" with an average target of $238.46, even though shares trade near $128 and Atlassian only recently beat quarterly EPS and revenue estimates while still showing negative margins.

HB Wealth Management LLC reduced its holdings in Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 76.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,419 shares of the technology company's stock after selling 7,928 shares during the quarter. HB Wealth Management LLC's holdings in Atlassian were worth $386,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Capco Asset Management LLC purchased a new stake in Atlassian in the 2nd quarter valued at about $25,000. Geneos Wealth Management Inc. lifted its holdings in shares of Atlassian by 447.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company's stock worth $42,000 after acquiring an additional 161 shares during the period. Virtus Advisers LLC acquired a new stake in shares of Atlassian in the second quarter worth approximately $61,000. First Horizon Advisors Inc. boosted its position in shares of Atlassian by 40.1% in the second quarter. First Horizon Advisors Inc. now owns 374 shares of the technology company's stock worth $76,000 after acquiring an additional 107 shares during the last quarter. Finally, State of Wyoming grew its holdings in Atlassian by 59.7% in the second quarter. State of Wyoming now owns 444 shares of the technology company's stock valued at $90,000 after purchasing an additional 166 shares during the period. 94.45% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Scott Farquhar sold 7,665 shares of the business's stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $160.41, for a total transaction of $1,229,542.65. Following the transaction, the director directly owned 321,930 shares of the company's stock, valued at approximately $51,640,791.30. The trade was a 2.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Anutthara Bharadwaj sold 9,847 shares of the firm's stock in a transaction on Friday, November 14th. The shares were sold at an average price of $152.46, for a total transaction of $1,501,273.62. Following the sale, the president directly owned 242,092 shares of the company's stock, valued at approximately $36,909,346.32. The trade was a 3.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 566,379 shares of company stock worth $88,893,661 in the last 90 days. 36.66% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TEAM has been the topic of a number of research analyst reports. Robert W. Baird set a $230.00 price target on shares of Atlassian in a report on Friday, October 31st. TD Cowen dropped their price objective on Atlassian from $220.00 to $205.00 and set a "hold" rating for the company in a report on Monday, October 27th. Truist Financial set a $210.00 target price on Atlassian in a report on Friday, October 31st. Piper Sandler reiterated an "overweight" rating on shares of Atlassian in a report on Tuesday. Finally, Jefferies Financial Group set a $262.00 price target on Atlassian in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Atlassian has a consensus rating of "Moderate Buy" and an average target price of $238.46.

Atlassian Stock Down 2.7%

Shares of Atlassian stock opened at $128.45 on Friday. Atlassian Corporation PLC has a twelve month low of $127.71 and a twelve month high of $326.00. The stock has a market cap of $33.80 billion, a price-to-earnings ratio of -180.91, a price-to-earnings-growth ratio of 20.44 and a beta of 0.88. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.72. The company has a fifty day moving average price of $154.63 and a 200 day moving average price of $167.75.

Atlassian (NASDAQ:TEAM - Get Free Report) last released its quarterly earnings data on Thursday, October 30th. The technology company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.83 by $0.21. Atlassian had a negative return on equity of 7.11% and a negative net margin of 3.38%.The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period last year, the company posted $0.77 earnings per share. The firm's revenue was up 20.6% compared to the same quarter last year. Equities research analysts forecast that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Key Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: BTIG (coverage cited by media) reaffirmed a "Buy" rating and a $220 price target, providing analyst support that could limit downside and attract value-seeking buyers. Atlassian NASDAQ: TEAM Earns Buy Rating from BTIG Research
• Positive Sentiment: Atlassian appointed Anil Sabharwal (Google alum) to its board — adds product/AI experience and governance depth that could help strategy execution around AI-enabled products. Atlassian Appoints Anil Sabharwal to Board of Directors
• Neutral Sentiment: PR/partnership items (Atlassian Williams F1 sponsorship coverage) and a Clovity hire to push Atlassian integrations in regulated sectors are visible positives for brand and GTM but unlikely to move fundamentals in the near term. Why you should be supporting Atlassian Williams F1 Team
• Neutral Sentiment: Commentary asking whether TEAM should be reassessed after a large one‑year decline highlights investor debate over valuation vs. execution; useful reading but not new company-specific data. Is It Time To Reassess Atlassian (TEAM) After A 49% One-Year Share Price Fall?
• Negative Sentiment: Repeated insider selling: co‑founders Michael Cannon‑Brookes and Scott Farquhar each reported multiple sales of 7,665‑share lots in Dec–Jan (recent filings show sales around $133–$147). The pattern of consistent disposals is weighing on sentiment and is cited in several articles. Insider sale SEC filing
• Negative Sentiment: Sector risk: coverage points to new "agentic" AI tools (e.g., Claude Code) that could automate multi‑tool workflows and potentially erode margins/licensing for some SaaS incumbents including Atlassian, amplifying downside risk if adoption accelerates. 3 Stocks to Avoid as Software Sector Stumbles
• Negative Sentiment: Coverage noting a new 12‑month low after the insider selling cycle and pieces asking whether the stock is a buy amid the plunge — further negative press that can feed short‑term selling pressure. Atlassian NASDAQ: TEAM Hits New 12-Month Low After Insider Selling

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.

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