Atlassian Corporation PLC $TEAM Shares Purchased by Artemis Investment Management LLP

Artemis Investment Management LLP raised its stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 53.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 461,537 shares of the technology company’s stock after buying an additional 159,884 shares during the period. Artemis Investment Management LLP’s holdings in Atlassian were worth $82,749,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TEAM. MV Capital Management Inc. acquired a new position in shares of Atlassian during the fourth quarter valued at $25,000. State of Wyoming grew its stake in shares of Atlassian by 65.7% in the 1st quarter. State of Wyoming now owns 449 shares of the technology company’s stock valued at $31,000 after buying an additional 178 shares in the last quarter. CX Institutional lifted its holdings in Atlassian by 18.0% in the 3rd quarter. CX Institutional now owns 1,248 shares of the technology company’s stock worth $224,000 after purchasing an additional 190 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Atlassian by 139.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 378 shares of the technology company’s stock worth $29,000 after buying an additional 220 shares during the period. Finally, QRG Capital Management Inc. raised its stake in shares of Atlassian by 2.7% in the 1st quarter. QRG Capital Management Inc. now owns 9,838 shares of the technology company’s stock valued at $671,000 after buying an additional 256 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Atlassian Trading Up 2.0%

TEAM traded up $3.84 on Thursday, hitting $199.63. 1,443,086 shares of the company were exchanged, compared to its average volume of 5,759,082. The firm has a fifty day simple moving average of $171.40 and a two-hundred day simple moving average of $113.65. The stock has a market capitalization of $50.66 billion, a PE ratio of -1,053.34, a price-to-earnings-growth ratio of 15.24 and a beta of 1.22. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.78 and a current ratio of 0.78. Atlassian Corporation PLC has a 12 month low of $56.01 and a 12 month high of $201.58.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings results on Friday, August 7th. The technology company reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.37. The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.66 billion. Atlassian had a negative net margin of 0.82% and a positive return on equity of 20.99%. Atlassian’s quarterly revenue was up 27.6% compared to the same quarter last year. During the same period last year, the business earned $0.98 EPS. Sell-side analysts expect that Atlassian Corporation PLC will post 0.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

TEAM has been the subject of a number of recent research reports. Truist Financial boosted their price target on shares of Atlassian from $160.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Cantor Fitzgerald lifted their target price on Atlassian from $175.00 to $220.00 and gave the stock an “overweight” rating in a research note on Monday, September 21st. Bank of America increased their price objective on Atlassian from $175.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, August 31st. Sanford C. Bernstein reissued an “outperform” rating on shares of Atlassian in a research note on Monday, June 29th. Finally, FBN Securities reiterated an “outperform” rating and issued a $170.00 target price on shares of Atlassian in a research report on Monday, August 10th. Twenty-five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $191.56.

Insider Activity at Atlassian

In related news, CRO Brian Duffy sold 1,851 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $172.45, for a total value of $319,204.95. Following the transaction, the executive owned 218,223 shares of the company’s stock, valued at $37,632,556.35. This trade represents a 0.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO James Chuong sold 9,054 shares of Atlassian stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $172.45, for a total value of $1,561,362.30. Following the completion of the sale, the chief financial officer owned 279,218 shares of the company’s stock, valued at $48,151,144.10. The trade was a 3.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 22,138 shares of company stock valued at $3,751,873 over the last 90 days. 36.66% of the stock is owned by corporate insiders.

Key Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Atlassian introduced AMP (Agentic Multiplayer Protocol), along with a new Atlassian MCP Server and enhancements to its Teamwork Graph. The tools are designed to let employees and AI agents work together with greater visibility and coordination, potentially strengthening Atlassian’s competitive position in enterprise software. Atlassian Introduces AMP: The Agentic Multiplayer Protocol to Power Human-AI Collaboration
• Positive Sentiment: The company launched a Forward Deployed Engineering program that places senior applied-AI engineers directly with enterprise customers. The initiative could accelerate customer adoption, production deployments and expansion of Atlassian’s AI offerings, although it may also require additional investment. Atlassian Launches Forward Deployed Engineering Program
• Positive Sentiment: CEO Mike Cannon-Brookes presented Atlassian as a top-tier enterprise technology vendor and outlined how businesses can use AI agents as part of their teams. Coverage of the conference emphasized Atlassian’s “multi-player” approach, in which AI augments team workflows rather than operating as a standalone feature. Team ’26 Europe coverage
• Positive Sentiment: Atlassian expanded its partnership with OpenAI while maintaining a multi-model platform strategy. The relationship may improve access to advanced AI capabilities and support product innovation without tying the company exclusively to one model provider. Atlassian and OpenAI partnership coverage
• Neutral Sentiment: Third-party integrations, including Flexera’s technology intelligence for Atlassian’s Service Collection and Rewind’s backup support for Jira applications, add ecosystem functionality but are less likely to materially affect near-term revenue. Flexera Atlassian collaboration
• Negative Sentiment: The OpenAI partnership includes a spending commitment, creating a potential near-term margin or cash-flow concern if AI infrastructure and partnership costs rise faster than monetization. Atlassian also remains valued aggressively after its rally, increasing sensitivity to execution and signs that AI investments are translating into durable customer growth.

About Atlassian

Atlassian Corporation develops collaboration, productivity and workflow-management software for technology, business and enterprise teams. Its products are designed to help organizations plan projects, manage software development, document and share knowledge, provide IT and customer support, and coordinate work across distributed teams.

Its product portfolio includes Jira for project and issue management, Confluence for team collaboration and knowledge sharing, Jira Service Management for IT service and support operations, and Trello for organizing tasks and projects.