Atlassian Corporation PLC $TEAM Shares Sold by Janus Henderson Group PLC

Key Points

• Janus Henderson Group cut its Atlassian position by 99% in the first quarter, selling 1.70 million shares and retaining 17,351 shares worth approximately $1.18 million. Institutional investors and hedge funds collectively own 94.45% of TEAM.
• Atlassian reported a strong quarterly performance, with adjusted EPS of $1.87 versus the $1.50 consensus estimate and revenue of $1.77 billion, up 27.6% year over year and above forecasts. Cloud revenue increased 31% to $1.21 billion, supported by enterprise demand and adoption of its AI-powered Rovo platform.
• Analyst sentiment remains broadly positive: 23 analysts rate TEAM a Buy, five rate it Hold and one rates it Sell, producing a consensus “Moderate Buy” rating and a $172.88 target price. However, insiders have sold 20,041 shares worth about $1.8 million over the past 90 days, and the stock remains exposed to profit-taking if cloud growth or AI adoption slows.

Janus Henderson Group PLC cut its holdings in Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 99.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,351 shares of the technology company's stock after selling 1,702,916 shares during the quarter. Janus Henderson Group PLC's holdings in Atlassian were worth $1,184,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of TEAM. MV Capital Management Inc. bought a new stake in shares of Atlassian in the 4th quarter worth approximately $25,000. State of Wyoming grew its position in Atlassian by 65.7% in the first quarter. State of Wyoming now owns 449 shares of the technology company's stock worth $31,000 after buying an additional 178 shares during the last quarter. Basepoint Wealth LLC bought a new position in shares of Atlassian in the fourth quarter valued at $32,000. Garton & Associates Financial Advisors LLC bought a new position in shares of Atlassian in the fourth quarter valued at $32,000. Finally, Bogart Wealth LLC lifted its position in shares of 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 acquiring an additional 94 shares during the last quarter. 94.45% of the stock is owned by institutional investors and hedge funds.

Atlassian News Roundup

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Results exceeded expectations: Atlassian reported adjusted earnings of $1.87 per share, versus the $1.50 consensus estimate, while revenue rose 27.6% year over year to $1.77 billion, ahead of the $1.66 billion forecast. Atlassian beats quarterly estimates on strong cloud demand
• Positive Sentiment: Cloud and enterprise momentum supported the rally: Cloud revenue grew 31% to $1.21 billion, Data Center revenue topped estimates, and the company cited record large enterprise contracts, strong subscription demand and rising adoption of its AI-powered Rovo platform. TEAM Q4 Earnings Call Highlights AI and Enterprise Momentum
• Positive Sentiment: Fiscal 2027 guidance was viewed favorably: Management’s cloud revenue outlook exceeded expectations, and first-quarter revenue guidance of approximately $1.7 billion was above or in line with consensus, reinforcing confidence in continued growth. Atlassian earnings beat drives 30% stock surge
• Positive Sentiment: Analyst support strengthened: Bank of America upgraded TEAM to Buy with a $175 target, while BMO raised its target to $175 and Oppenheimer lifted its target to $200 with an Outperform rating. Unusually heavy call-option activity also reflected bullish near-term positioning.
• Neutral Sentiment: Atlassian’s results were interpreted as a potential turning point for software stocks broadly, suggesting investors may again be rewarding solid fundamentals despite AI-disruption concerns. Software Stocks Trade Like It's 2022 After Atlassian Leads Earnings Rally
• Negative Sentiment: The company still faces external uncertainty, and the sharp rebound leaves TEAM trading near the upper end of its recent range, increasing the risk of profit-taking if cloud growth or AI adoption slows.

Insider Activity at Atlassian

In other Atlassian news, CRO Brian Duffy sold 3,000 shares of Atlassian stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $89.71, for a total value of $269,130.00. Following the completion of the sale, the executive directly owned 227,691 shares in the company, valued at $20,426,159.61. The trade was a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James Chuong sold 8,838 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $87.75, for a total transaction of $775,534.50. Following the transaction, the chief financial officer owned 288,272 shares in the company, valued at approximately $25,295,868. This trade represents a 2.97% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 20,041 shares of company stock worth $1,801,069. Insiders own 36.66% of the company's stock.

Atlassian Stock Performance

Shares of TEAM stock opened at $149.07 on Monday. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.70 and a quick ratio of 0.70. Atlassian Corporation PLC has a fifty-two week low of $56.01 and a fifty-two week high of $184.00. The stock's 50-day moving average is $93.01 and its two-hundred day moving average is $86.70. The firm has a market cap of $37.83 billion, a P/E ratio of -784.58, a PEG ratio of 10.70 and a beta of 1.05.

Atlassian (NASDAQ:TEAM - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The technology company reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.37. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.66 billion. Atlassian had a positive return on equity of 20.07% and a negative net margin of 0.82%.The firm's revenue was up 27.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.98 EPS. Analysts predict that Atlassian Corporation PLC will post 0.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on TEAM. Citizens Jmp restated a "market perform" rating on shares of Atlassian in a report on Wednesday, July 1st. Robert W. Baird set a $200.00 price target on Atlassian in a research report on Friday. Canaccord Genuity Group cut their price objective on Atlassian from $185.00 to $150.00 and set a "buy" rating on the stock in a report on Wednesday, April 15th. KeyCorp upped their price objective on shares of Atlassian from $115.00 to $185.00 and gave the company an "overweight" rating in a research note on Friday. Finally, Guggenheim raised their target price on shares of Atlassian from $115.00 to $165.00 and gave the stock a "buy" rating in a report on Friday. Twenty-three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $172.88.

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.

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