Atlassian Corporation PLC $TEAM Shares Sold by Manning & Napier Advisors LLC

09 May 2026, 06:43 by Scott Moore · The Cerbat Gem

Manning & Napier Advisors LLC decreased its holdings in shares of Atlassian Corporation PLC (NASDAQ:TEAM – Free Report) by 7.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 436,205 shares of the technology company’s stock after selling 35,897 shares during the period. Manning & Napier Advisors LLC’s holdings in Atlassian were worth $71,071,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Physician Wealth Advisors Inc. lifted its stake 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 purchasing an additional 61 shares during the last quarter. Geneos Wealth Management Inc. grew 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 last quarter. Atlantic Union Bankshares Corp increased its holdings in shares of Atlassian by 19,900.0% in 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 in the last quarter. Board of the Pension Protection Fund acquired a new stake in shares of Atlassian during the 4th quarter valued at $32,000. Finally, Bogart Wealth LLC lifted its position in shares of Atlassian by 76.4% during the 4th quarter. Bogart Wealth LLC now owns 217 shares of the technology company’s stock valued at $35,000 after acquiring an additional 94 shares during the last quarter. 94.45% of the stock is currently owned by institutional investors.

Atlassian Price Performance

NASDAQ TEAM opened at $91.60 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.70 and a debt-to-equity ratio of 1.13. The stock 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 Corporation PLC has a 12-month low of $56.01 and a 12-month high of $232.36. The company has a 50 day moving average price of $72.12 and a two-hundred day moving average price of $116.37.

Atlassian (NASDAQ:TEAM – Get Free Report) last announced its quarterly 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 company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.70 billion. Atlassian had a negative net margin of 3.50% and a positive return on equity of 6.22%. Atlassian’s quarterly revenue was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.97 EPS. As a group, equities analysts predict that Atlassian Corporation PLC will post 0.81 earnings per share for the current fiscal year.

Trending Headlines about Atlassian

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on TEAM. Oppenheimer decreased their target price on Atlassian from $150.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Atlassian in a report on Monday, April 20th. KeyCorp dropped their price target on Atlassian from $170.00 to $130.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 1st. Barclays boosted their price objective on Atlassian from $106.00 to $112.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $100.00 price objective on shares of Atlassian in a research note on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Atlassian has a consensus rating of “Moderate Buy” and a consensus target price of $145.26.

Read Our Latest Stock Report on Atlassian

Insider Buying and Selling

In other news, CFO Joseph Leo Binz sold 1,653 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $81.35, for a total value of $134,471.55. Following the sale, the chief financial officer directly owned 208,639 shares of the company’s stock, valued at approximately $16,972,782.65. This trade represents a 0.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Rajeev Bashyam Rajan sold 3,072 shares of Atlassian stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $81.35, for a total value of $249,907.20. Following the completion of the transaction, the chief technology officer owned 212,916 shares in the company, valued at $17,320,716.60. The trade was a 1.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 6,013 shares of company stock worth $489,158 in the last quarter. 36.66% of the stock is currently owned by company insiders.

About Atlassian

(Free Report)

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.