Natixis Advisors LLC Sells 55,897 Shares of Atlassian Corporation PLC $TEAM

Key Points

• Natixis Advisors LLC cut its stake in Atlassian by 42.7% in the third quarter, selling 55,897 shares and leaving it with 75,065 shares valued at about $11.99 million.
• Atlassian beat quarterly estimates with $1.22 EPS (vs. $1.12) and $1.59B revenue (vs. $1.54B), with revenue up 23.3%, but the company remains unprofitable (negative net margin/ROE) and the stock has fallen to roughly $73.34.
• Management is cutting about 1,600 jobs to pivot to AI (the CTO has departed), prompting mixed investor reaction, while insiders sold roughly 343,273 shares (~$48.1M) last quarter though they still own 36.66% of the company.

Natixis Advisors LLC decreased its holdings in Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 42.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 75,065 shares of the technology company's stock after selling 55,897 shares during the quarter. Natixis Advisors LLC's holdings in Atlassian were worth $11,988,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Capco Asset Management LLC purchased a new stake in shares of Atlassian in the second quarter worth approximately $25,000. Physician Wealth Advisors Inc. lifted its holdings 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 valued at $26,000 after purchasing an additional 61 shares in the last quarter. Atlantic Union Bankshares Corp boosted its position in shares of Atlassian by 19,900.0% during the third quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company's stock valued at $32,000 after buying an additional 199 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Atlassian by 447.2% during the first quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company's stock valued at $42,000 after buying an additional 161 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in Atlassian during the third quarter worth $57,000. Institutional investors and hedge funds own 94.45% of the company's stock.

Atlassian Stock Down 2.8%

Shares of NASDAQ:TEAM opened at $73.34 on Friday. Atlassian Corporation PLC has a 1 year low of $67.85 and a 1 year high of $242.00. The company has a market capitalization of $19.34 billion, a PE ratio of -101.86, a price-to-earnings-growth ratio of 298.87 and a beta of 0.94. The business has a fifty day moving average price of $105.78 and a two-hundred day moving average price of $141.77. 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 earnings results on Thursday, February 5th. The technology company reported $1.22 EPS for the quarter, topping analysts' consensus estimates of $1.12 by $0.10. The company had revenue of $1.59 billion for the quarter, compared to analysts' expectations of $1.54 billion. Atlassian had a negative return on equity of 6.33% and a negative net margin of 3.29%.The business's revenue for the quarter was up 23.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.96 EPS. Analysts forecast that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Trending Headlines about Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Management says cuts will “self‑fund” AI and enterprise investments and accelerate the path to sustained profitability, which investors often view as a constructive cost/reinvestment tradeoff. Atlassian to lay off about 1,600 people in pivot to AI
• Positive Sentiment: Several outlets reported an initial positive market reaction to the layoffs (short‑term rally as investors reward cost discipline and AI focus). Atlassian shares rise after workforce reduction announcement
• Positive Sentiment: Mizuho lowered its price target from $205 to $185 but kept an “outperform” rating, signaling some analyst confidence in a recovery scenario despite near‑term uncertainty. PT lowered to $185 at Mizuho
• Neutral Sentiment: Short‑interest data in the feed shows zero shares shorted (likely a reporting anomaly) and is not informative for positioning right now. (No external link — data appears erroneous.)
• Neutral Sentiment: CEO communications emphasized a “human” approach to the layoffs; tone may limit reputational damage but doesn’t change the operational impact. Atlassian to Cut 10% of Jobs Citing AI. But Its CEO Used a Human Touch for the Layoffs.
• Negative Sentiment: Roughly 900 of the affected roles are in R&D — cuts to engineering/research staff could slow product development or delay AI initiatives, raising execution risk. Atlassian to reduce headcount by 10% as it restructures around AI
• Negative Sentiment: Leadership churn: the CTO is leaving amid the restructuring, which can increase short‑term uncertainty about execution. Atlassian layoffs impact 63 workers in Washington as CTO steps down
• Negative Sentiment: Bearish coverage and price‑prediction pieces highlight downside risk and lingering concerns about growth and margins; such narratives can pressure sentiment even if fundamentals improve later. Atlassian Price Prediction: Down 66%, TEAM Could Hit $185 Next

Insiders Place Their Bets

In other news, Director Scott Farquhar sold 7,665 shares of the firm's stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $94.81, for a total transaction of $726,718.65. Following the completion of the sale, the director owned 275,940 shares in the company, valued at $26,161,871.40. This trade represents a 2.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Rajeev Bashyam Rajan sold 3,072 shares of Atlassian stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $81.35, for a total transaction of $249,907.20. Following the completion of the sale, the chief technology officer directly owned 212,916 shares in the company, valued at $17,320,716.60. This trade represents a 1.42% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 343,273 shares of company stock valued at $48,101,379. Company insiders own 36.66% of the company's stock.

Analyst Ratings Changes

TEAM has been the topic of several recent analyst reports. Guggenheim dropped their price objective on Atlassian from $225.00 to $190.00 and set a "buy" rating on the stock in a research note on Friday, February 6th. Sanford C. Bernstein upped their target price on shares of Atlassian from $290.00 to $304.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 18th. Barclays lowered their target price on shares of Atlassian from $215.00 to $165.00 and set an "overweight" rating for the company in a report on Friday, February 6th. Wells Fargo & Company cut their price target on shares of Atlassian from $216.00 to $155.00 and set an "overweight" rating on the stock in a report on Friday, February 6th. Finally, Canaccord Genuity Group set a $185.00 price objective on shares of Atlassian in a research report on Friday, February 6th. Twenty-one research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Atlassian presently has an average rating of "Moderate Buy" and a consensus target price of $185.12.

Atlassian 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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