SBI Securities Co. Ltd. Cuts Stock Position in Atlassian Corporation PLC $TEAM

Key Points

• SBI Securities cut its stake in Atlassian by 50.4% in Q4, selling 20,437 shares and leaving 20,109 shares valued at about $3.26 million.
• Atlassian beat the quarter with EPS of $1.75 versus $1.33 expected and revenue of $1.79B (up 31.7% YoY), but still shows a negative net margin and a negative P/E while analysts hold a "Moderate Buy" consensus with an average target of $144.67.
• The company is advancing AI initiatives (including the new Flex licensing, Teamwork Graph and AI agents) that may boost enterprise adoption, even as insiders sold roughly 21,343 shares (~$1.94M) last quarter with founders trimming their holdings.

SBI Securities Co. Ltd. decreased its stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 50.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,109 shares of the technology company's stock after selling 20,437 shares during the quarter. SBI Securities Co. Ltd.'s holdings in Atlassian were worth $3,260,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TEAM. QRG Capital Management Inc. increased its holdings in shares of Atlassian by 9.7% during the fourth quarter. QRG Capital Management Inc. now owns 9,582 shares of the technology company's stock valued at $1,554,000 after acquiring an additional 850 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC bought a new position in Atlassian in the 4th quarter worth about $620,000. PFA Pension Forsikringsaktieselskab bought a new position in Atlassian in the 4th quarter worth about $31,990,000. Danske Bank A S grew its position in Atlassian by 103.6% during the 4th quarter. Danske Bank A S now owns 165,774 shares of the technology company's stock valued at $26,879,000 after purchasing an additional 84,346 shares during the last quarter. Finally, Danica Pension Livsforsikringsaktieselskab grew its position in Atlassian by 10.2% during the 4th quarter. Danica Pension Livsforsikringsaktieselskab now owns 713,057 shares of the technology company's stock valued at $115,615,000 after purchasing an additional 66,034 shares during the last quarter. 94.45% of the stock is owned by institutional investors.

Atlassian Stock Down 3.8%

TEAM opened at $88.80 on Thursday. The stock has a market capitalization of $23.42 billion, a price-to-earnings ratio of -106.99, a PEG ratio of 23.61 and a beta of 0.90. The firm has a 50 day moving average price of $71.69 and a 200-day moving average price of $116.79. Atlassian Corporation PLC has a twelve month low of $56.01 and a twelve 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.

Atlassian (NASDAQ:TEAM - Get Free Report) last issued its earnings results on Thursday, April 30th. The technology company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.42. The company had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.70 billion. Atlassian had a negative net margin of 3.50% and a positive return on equity of 6.22%. The firm's quarterly revenue was up 31.7% on a year-over-year basis. During the same quarter last year, the company posted $0.97 earnings per share. Equities research analysts forecast that Atlassian Corporation PLC will post 0.18 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Jefferies Financial Group set a $150.00 target price on shares of Atlassian in a report on Friday, February 6th. Raymond James Financial set a $130.00 price target on shares of Atlassian in a research report on Friday, May 1st. Wolfe Research restated an "outperform" rating and issued a $100.00 price objective on shares of Atlassian in a report on Thursday, March 12th. Canaccord Genuity Group lowered their price objective on Atlassian from $185.00 to $150.00 and set a "buy" rating on the stock in a research report on Wednesday, April 15th. Finally, Barclays increased their target price on Atlassian from $100.00 to $106.00 and gave the company an "overweight" rating in a research note on Friday, May 1st. Twenty-one analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $144.67.

Key Headlines Impacting Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Atlassian announced "Flex," a new enterprise licensing model to let large customers scale and shift usage for Atlassian’s AI-enabled platform without long-term forecasts — designed to speed enterprise adoption and protect recurring revenue. Atlassian to Introduce Flex: A Flexible Commercial Model for the AI Era
• Positive Sentiment: Atlassian opened its Teamwork Graph to partners and agents, allowing external agents/apps to search, reason and act across tools and teams — a move that broadens the platform’s AI ecosystem and could increase integration-driven revenue. Atlassian Opens Up Its Teamwork Graph to Power Agentic Work Across the Enterprise
• Positive Sentiment: KeyBanc issued a Buy on TEAM, which may support near-term investor interest and reduce downside risk from sentiment-driven selling. Atlassian (TEAM) Receives a Buy from KeyBanc
• Positive Sentiment: Atlassian is adding AI agents and other AI capabilities to products like Jira, reinforcing the company’s AI narrative and potential to upsell automation/agent features to customers. Atlassian adds AI agents to Jira for human-agent teamwork
• Neutral Sentiment: Multiple partner awards (Praecipio, Rewind, Tempo, Valiantys, Eficode) were announced — positive for ecosystem health but of limited immediate revenue impact. Praecipio Receives Atlassian Partner of the Year 2026 for Service Solutions
• Neutral Sentiment: Feature and partner ecosystem updates (e.g., Rewind’s Jira failover tool) highlight third-party innovation around Atlassian products — supportive for platform stickiness but not a direct near-term revenue driver. At Atlassian Team ’26, Rewind Unveils Jira Failover Tool Built for the Age of AI Agents
• Negative Sentiment: Industry headwinds: Freshworks announced ~11% job cuts as AI reshapes software; Atlassian cut ~10% last month — these moves keep investor focus on margins, potential churn, and execution risk despite product momentum. Freshworks to cut 11% jobs as AI reshapes software sector
• Neutral Sentiment: Opinion piece: A long-term investor write-up argues Atlassian’s AI roadmap justifies buying at depressed levels — useful for sentiment but not a substitute for fundamentals. I Bought Atlassian Stock When It Was Down 87%, and Now It's Soaring. These Were My Reasons.

Insider Transactions at Atlassian

In related news, CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction on Friday, February 6th. The stock was sold at an average price of $94.81, for a total value of $726,718.65. Following the completion of the sale, the chief executive officer owned 275,940 shares of the company's stock, valued at $26,161,871.40. The trade was a 2.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Scott Farquhar 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 sale, the director owned 275,940 shares of the company's stock, valued at approximately $26,161,871.40. This trade represents a 2.70% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 21,343 shares of company stock worth $1,942,596. Company insiders own 36.66% of the company's stock.

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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