Atlassian Corporation PLC $TEAM Stock Position Decreased by Truist Financial Corp

Truist Financial Corp decreased its holdings in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 24.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 21,009 shares of the technology company’s stock after selling 6,850 shares during the period. Truist Financial Corp’s holdings in Atlassian were worth $3,355,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Capco Asset Management LLC bought a new stake in shares of Atlassian in the 2nd quarter worth approximately $25,000. Geneos Wealth Management Inc. increased its position in 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 buying an additional 161 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new stake in Atlassian in the third quarter worth $57,000. Quent Capital LLC bought a new stake in Atlassian in the third quarter valued at $60,000. Finally, Virtus Advisers LLC acquired a new position in shares of Atlassian during the second quarter valued at $61,000. 94.45% of the stock is owned by institutional investors.

Trending Headlines about Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Q2 results beat consensus — EPS $1.22 vs $1.12 est. and revenue $1.59B (up 23% YoY), showing healthy top-line momentum. Article Title
• Positive Sentiment: Management raised FY‑2026 revenue outlook (now ~$6.4B) and issued Q3 revenue guidance (~$1.7B), signaling confidence in enterprise demand and AI-driven spending. Article Title
• Positive Sentiment: Company reports record cloud revenue and emphasizes AI integration and enterprise expansion, targeting 20%+ annual revenue growth through FY27 — a multi-year growth plan investors can model. Article Title
• Neutral Sentiment: Management commentary and the full earnings-call transcript provide detail on AI product roadmap and enterprise wins — useful for longer-term thesis but not an immediate sentiment swing. Article Title
• Negative Sentiment: Market flagged deceleration in cloud growth expectations despite the beat, a key near-term risk for valuation multiples and analyst models. Article Title
• Negative Sentiment: Analysts trimmed price targets (Cantor Fitzgerald and BMO among them), reflecting heightened uncertainty on AI monetization and growth pacing. Article Title
• Negative Sentiment: Insider selling disclosed: co‑founders sold shares (~7,665 shares each), which amplified downward pressure amid an already cautious tape. Article Title
• Negative Sentiment: Wider software sector weakness and renewed AI-related fears pressured cloud/software multiples today, dragging TEAM along with peers. Article Title

Atlassian Trading Down 6.3%

Shares of TEAM stock opened at $98.41 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.72. The stock has a 50-day simple moving average of $145.60 and a 200 day simple moving average of $159.15. Atlassian Corporation PLC has a fifty-two week low of $97.93 and a fifty-two week high of $326.00. The stock has a market capitalization of $25.89 billion, a P/E ratio of -138.60, a P/E/G ratio of 16.27 and a beta of 0.88.

Wall Street Analysts Forecast Growth

TEAM has been the topic of a number of analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $230.00 price objective on shares of Atlassian in a report on Wednesday, October 22nd. Mizuho dropped their price target on shares of Atlassian from $245.00 to $225.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 21st. BMO Capital Markets cut their price target on Atlassian from $195.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday. BTIG Research reissued a “buy” rating and issued a $220.00 price objective on shares of Atlassian in a report on Tuesday, January 13th. Finally, Zacks Research upgraded Atlassian from a “strong sell” rating to a “hold” rating in a research report on Monday, November 3rd. Twenty equities research 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’s stock. Based on data from MarketBeat, Atlassian currently has an average rating of “Moderate Buy” and a consensus price target of $219.44.

Insider Buying and Selling

In related news, Director Scott Farquhar sold 7,665 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $105.14, for a total transaction of $805,898.10. Following the completion of the sale, the director directly owned 291,270 shares in the company, valued at approximately $30,624,127.80. This trade represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $105.14, for a total value of $805,898.10. Following the completion of the transaction, the chief executive officer directly owned 291,270 shares in the company, valued at $30,624,127.80. This represents a 2.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 551,049 shares of company stock worth $81,277,257 over the last quarter. Insiders own 36.66% of the company’s stock.

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.