Atlassian Corporation PLC $TEAM Shares Sold by Swedbank AB

Swedbank AB cut its stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 7.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,272,976 shares of the technology company's stock after selling 100,000 shares during the period. Swedbank AB owned approximately 0.48% of Atlassian worth $206,400,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of TEAM. SBI Securities Co. Ltd. raised its holdings in shares of Atlassian by 50.7% during the third quarter. SBI Securities Co. Ltd. now owns 40,546 shares of the technology company's stock valued at $6,475,000 after acquiring an additional 13,643 shares during the period. OFI Invest Asset Management boosted its stake in Atlassian by 16.3% in the 4th quarter. OFI Invest Asset Management now owns 254,551 shares of the technology company's stock worth $41,273,000 after purchasing an additional 35,682 shares during the period. Baillie Gifford & Co. boosted its stake in Atlassian by 3.9% in the 4th quarter. Baillie Gifford & Co. now owns 8,431,802 shares of the technology company's stock worth $1,367,132,000 after purchasing an additional 316,276 shares during the period. Exane Asset Management grew its position in Atlassian by 419.9% during the 4th quarter. Exane Asset Management now owns 31,363 shares of the technology company's stock worth $5,085,000 after purchasing an additional 25,330 shares in the last quarter. Finally, Intech Investment Management LLC grew its position in Atlassian by 180.3% during the 3rd quarter. Intech Investment Management LLC now owns 140,984 shares of the technology company's stock worth $22,515,000 after purchasing an additional 90,692 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on TEAM shares. Oppenheimer reduced their target price on Atlassian from $150.00 to $100.00 and set an "outperform" rating for the company in a report on Friday, April 17th. Robert W. Baird set a $120.00 price target on Atlassian in a report on Friday. Wall Street Zen raised Atlassian from a "hold" rating to a "buy" rating in a research report on Monday, March 23rd. Truist Financial raised their price objective on Atlassian from $90.00 to $100.00 and gave the stock a "buy" rating in a research report on Friday. Finally, Wells Fargo & Company lowered their target price on Atlassian from $155.00 to $120.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 17th. Twenty-one equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $144.67.

Atlassian News Roundup

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: KeyBanc initiated coverage with a Buy, giving investors an analyst-driven catalyst that can support the stock. Atlassian (TEAM) Receives a Buy from KeyBanc
• Positive Sentiment: Atlassian is rolling AI agents into Jira to augment human teams — a product initiative that can drive higher product engagement and upsell potential as customers adopt AI-enabled workflows. Atlassian adds AI agents to Jira for human-agent teamwork
• Positive Sentiment: Multiple partner awards (Rewind, Tempo, Valiantys, Eficode) highlight channel strength and ecosystem momentum that can broaden customer reach and drive services revenue. Rewind Receives Atlassian Partner of the Year 2026 Tempo Software Receives Atlassian Partner of the Year 2026 Valiantys Named Atlassian Partner of the Year 2026 Eficode receives Atlassian Partner of the Year 2026
• Neutral Sentiment: Third-party vendors and partners are launching AI-enabled tools (e.g., Rewind’s Jira failover, Praecipio’s AI offerings) that validate Atlassian’s platform demand but largely affect partner ecosystems rather than immediate top-line figures. Rewind Unveils Jira Failover Tool Praecipio Bets on AI at Every Level
• Neutral Sentiment: Coverage pieces on “smarter teamwork” and India’s AI-driven coordination challenges show market interest in collaboration tools — supportive long-term demand context but not an immediate earnings swing. Smarter teamwork with Atlassian tools and AI India’s AI boom exposes a team coordination crunch
• Negative Sentiment: Freshworks’ announcement of an 11% workforce cut — and reminders that Atlassian trimmed roughly 10% last month — is pressuring sector sentiment and raising concerns about near-term demand and cost posture. Freshworks to cut 11% jobs as AI reshapes software sector

Insider Activity at Atlassian

In other Atlassian news, Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $94.81, for a total value of $726,718.65. Following the completion of the sale, the director directly owned 275,940 shares in the company, valued at $26,161,871.40. The trade was a 2.70% 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, CEO Michael Cannon-Brookes sold 7,665 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $94.81, for a total transaction of $726,718.65. Following the transaction, the chief executive officer owned 275,940 shares in the company, valued at approximately $26,161,871.40. This trade represents a 2.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 21,343 shares of company stock worth $1,942,596. 36.66% of the stock is currently owned by corporate insiders.

Atlassian Trading Down 0.9%

Atlassian stock opened at $92.35 on Wednesday. Atlassian Corporation PLC has a 12 month low of $56.01 and a 12 month high of $232.36. The company has a quick ratio of 0.89, a current ratio of 0.70 and a debt-to-equity ratio of 1.13. The stock has a market cap of $24.36 billion, a P/E ratio of -111.27, a P/E/G ratio of 71.01 and a beta of 0.90. The company's fifty day simple moving average is $71.29 and its 200-day simple moving average is $117.23.

Atlassian (NASDAQ:TEAM - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The technology company reported $1.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.33 by $0.42. Atlassian had a positive return on equity of 6.22% and a negative net margin of 3.50%.The firm had revenue of $1.79 billion during the quarter, compared to analysts' expectations of $1.70 billion. During the same quarter last year, the firm earned $0.97 earnings per share. The business's revenue for the quarter was up 31.7% on a year-over-year basis. As a group, sell-side analysts forecast that Atlassian Corporation PLC will post 0.06 EPS for the current fiscal 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.

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