RD Finance Ltd Buys New Position in Atlassian Corporation PLC $TEAM

RD Finance Ltd bought a new stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,230 shares of the technology company’s stock, valued at approximately $1,010,000. Atlassian accounts for 1.0% of RD Finance Ltd’s holdings, making the stock its 20th biggest holding.

Several other large investors also recently added to or reduced their stakes in TEAM. Physician Wealth Advisors Inc. grew its position in Atlassian by 60.4% during the third quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock valued at $26,000 after buying an additional 61 shares during the period. Atlantic Union Bankshares Corp grew its position in 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 period. Board of the Pension Protection Fund bought a new stake in Atlassian during the fourth quarter valued at approximately $32,000. Bogart Wealth LLC grew its position in Atlassian by 76.4% during the fourth quarter. Bogart Wealth LLC now owns 217 shares of the technology company’s stock valued at $35,000 after buying an additional 94 shares during the period. Finally, Geneos Wealth Management Inc. grew its position in 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 period. 94.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on TEAM shares. Citigroup cut their target price on shares of Atlassian from $160.00 to $110.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Wall Street Zen raised shares of Atlassian from a “buy” rating to a “strong-buy” rating in a report on Saturday. Morgan Stanley lowered their price target on shares of Atlassian from $290.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday, April 16th. Raymond James Financial set a $130.00 price target on shares of Atlassian in a report on Friday, May 1st. Finally, Zacks Research raised shares of Atlassian from a “hold” rating to a “strong-buy” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Atlassian currently has a consensus rating of “Moderate Buy” and an average target price of $145.26.

Atlassian News Summary

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Zacks Research upgraded Atlassian from “hold” to “strong-buy,” adding to bullish sentiment around the stock. Zacks.com
• Positive Sentiment: BTIG Research raised its price target on Atlassian to $130 from $120 and reiterated a “buy” rating, signaling confidence in further upside. Benzinga
• Positive Sentiment: Barclays lifted its price target to $112 from $106 and kept an “overweight” rating, saying Atlassian’s annual recurring revenue disclosure supports the enterprise growth case. Article
• Positive Sentiment: Atlassian unveiled “Flex,” a new commercial model designed to help large customers adopt and scale its AI-powered platform more easily, which could improve enterprise sales and retention. Article
• Positive Sentiment: Atlassian also highlighted new AI-focused products and the expansion of Rovo/Teamwork Graph, reinforcing the narrative that the company is gaining traction in AI-driven workflow automation. Article
• Neutral Sentiment: Several articles discussed Atlassian’s Team ’26 conference and long-term performance, but these were mostly commentary rather than fresh catalysts. Article

Atlassian Price Performance

TEAM stock opened at $91.60 on Friday. Atlassian Corporation PLC has a one year low of $56.01 and a one year high of $232.36. The company’s fifty day moving average price is $72.12 and its 200-day moving average price is $116.37. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.89 and a current ratio of 0.70. The company has a market capitalization of $24.16 billion, a PE ratio of -110.36, a price-to-earnings-growth ratio of 5.24 and a beta of 0.90.

Atlassian (NASDAQ:TEAM) last released its earnings results on Thursday, April 30th. The technology company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.33 by $0.42. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.70 billion. Atlassian had a negative net margin of 3.50% and a positive return on equity of 6.22%. The company’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.97 earnings per share. On average, equities analysts anticipate that Atlassian Corporation PLC will post 0.81 EPS for the current fiscal year.

Insider Activity at Atlassian

In related news, CRO Brian Duffy sold 1,222 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 $99,409.70. Following the sale, the executive owned 124,332 shares of the company’s stock, valued at $10,114,408.20. This represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 sale, the chief technology officer directly owned 212,916 shares in the company, valued at approximately $17,320,716.60. The trade was a 1.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 6,013 shares of company stock valued at $489,158 over the last 90 days. 36.66% of the stock is owned by corporate insiders.

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.