Danske Bank A S Acquires 84,346 Shares of Atlassian Corporation PLC $TEAM

Key Points

• Danske Bank boosted its stake in Atlassian by 103.6% in Q4, buying an additional 84,346 shares to hold 165,774 shares worth about $26.88 million (≈0.06% of the company).
• Company insiders have been selling: CEO Michael Cannon‑Brookes sold 7,665 shares at $94.81 and CTO Rajeev Bashyam Rajan sold 3,072 shares at $81.35, with insiders disposing of 52,003 shares (~$5.34M) over the past 90 days while owning 36.66% of the stock.
• Atlassian reported a strong quarter—$1.79B revenue (≈32% YoY) and $1.75 EPS, topping estimates and raising guidance—and analysts remain mixed but assign a consensus "Moderate Buy" with an average target of about $144.67.

Danske Bank A S lifted its holdings in Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 103.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 165,774 shares of the technology company's stock after purchasing an additional 84,346 shares during the quarter. Danske Bank A S owned 0.06% of Atlassian worth $26,879,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Physician Wealth Advisors Inc. lifted its position in shares of Atlassian by 60.4% in the third quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company's stock worth $26,000 after purchasing an additional 61 shares in the last quarter. Atlantic Union Bankshares Corp lifted its position in shares of Atlassian by 19,900.0% in the third quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company's stock worth $32,000 after purchasing an additional 199 shares in the last quarter. Board of the Pension Protection Fund bought a new stake in shares of Atlassian in the fourth quarter worth $32,000. Bogart Wealth LLC lifted its position in shares of Atlassian by 76.4% in the fourth quarter. Bogart Wealth LLC now owns 217 shares of the technology company's stock worth $35,000 after purchasing an additional 94 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of Atlassian by 447.2% in the first quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company's stock worth $42,000 after purchasing an additional 161 shares in the last quarter. Institutional investors own 94.45% of the company's stock.

Insider Transactions at Atlassian

In other Atlassian news, CEO Michael Cannon-Brookes sold 7,665 shares of the company's stock in a transaction 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 transaction, the chief executive officer 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Rajeev Bashyam Rajan sold 3,072 shares of the company's stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $81.35, for a total transaction of $249,907.20. Following the completion of the transaction, the chief technology officer owned 212,916 shares in the company, valued at approximately $17,320,716.60. This represents a 1.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 52,003 shares of company stock valued at $5,338,804. Corporate insiders own 36.66% of the company's stock.

Wall Street Analyst Weigh In

TEAM has been the topic of a number of recent analyst reports. Weiss Ratings restated a "sell (e+)" rating on shares of Atlassian in a report on Monday, April 20th. Barclays boosted their target price on shares of Atlassian from $100.00 to $106.00 and gave the stock an "overweight" rating in a report on Friday. Raymond James Financial set a $130.00 target price on shares of Atlassian in a report on Friday. Canaccord Genuity Group lowered their target price on shares of Atlassian from $185.00 to $150.00 and set a "buy" rating on the stock in a report on Wednesday, April 15th. Finally, Piper Sandler lowered their target price on shares of Atlassian from $200.00 to $175.00 and set an "overweight" rating on the stock in a report on Friday. Twenty-one equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Atlassian currently has an average rating of "Moderate Buy" and an average target price of $144.67.

Key Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Q3 beat and raised revenue guidance — Atlassian reported ~32% revenue growth (roughly $1.8B) and beat EPS estimates, then lifted its FY revenue growth target, which is the main catalyst for the rally. Read More.
• Positive Sentiment: Strong execution driven by cloud, AI and enterprise expansion — Management pointed to AI features, cloud migrations and growing enterprise adoption (including Rovo usage) as sustainable growth drivers. Read More.
• Positive Sentiment: Street praise and sector lift — Multiple outlets and analysts praised the quarter; the results helped lift other beaten‑down SaaS names as investors reassess demand risk for enterprise software. Read More.
• Neutral Sentiment: Mixed analyst/Wall Street reactions — Some commentators called the results “solid,” while others raised questions about margin and longer‑term software pricing compression; expect divergent sell‑side takes to continue. Read More.
• Neutral Sentiment: Marketplace/venture news — Atlassian Ventures invested in Riffle and a new app launched on the Atlassian Marketplace, supporting ecosystem growth but with limited near‑term revenue impact. Read More.
• Negative Sentiment: Some price‑target cuts and a neutral/tempered tone — UBS cut its target to $95 and moved to a neutral rating, which could weigh on upside expectations near term. Read More.
• Negative Sentiment: Other target resets — BMO and Piper Sandler lowered targets (BMO to $105, Piper Sandler to $175) even as some keep outperform/overweight stances; these mixed cuts reflect caution on medium‑term multiples despite the beat. Read More.

Atlassian Price Performance

NASDAQ:TEAM opened at $88.88 on Friday. Atlassian Corporation PLC has a one year low of $56.01 and a one year high of $232.36. The company has a market cap of $23.44 billion, a P/E ratio of -107.08 and a beta of 0.90. The firm's fifty day moving average price is $70.97 and its two-hundred day moving average price is $117.90. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.89 and a quick ratio of 0.89.

Atlassian (NASDAQ:TEAM - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The technology company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.33 by $0.42. Atlassian had a negative net margin of 3.50% and a positive return on equity of 5.62%. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the previous year, the company earned $0.97 earnings per share. The company's quarterly revenue was up 31.7% on a year-over-year basis. Equities analysts expect that Atlassian Corporation PLC will post -0.01 earnings per share for the current year.

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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