Mediolanum International Funds Ltd Acquires 21,829 Shares of Atlassian Corporation PLC $TEAM

Mediolanum International Funds Ltd raised its holdings in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 108.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,963 shares of the technology company’s stock after buying an additional 21,829 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Atlassian were worth $6,937,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Capco Asset Management LLC acquired a new position in Atlassian in the 2nd quarter valued at approximately $25,000. Geneos Wealth Management Inc. lifted 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 purchasing an additional 161 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new position in Atlassian in the third quarter worth $57,000. Quent Capital LLC bought a new stake in Atlassian in the 3rd quarter valued at $60,000. Finally, Virtus Advisers LLC bought a new stake in Atlassian in the 2nd quarter valued at $61,000. Institutional investors own 94.45% of the company’s stock.

More Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Atlassian and Anthropic/Williams F1 announced a multi‑year partnership to integrate Anthropic’s Claude across the Williams F1 team, highlighting Atlassian’s positioning in AI partnerships and product integration opportunities that could support enterprise demand and brand visibility. Anthropic and Atlassian Williams F1 Team announce multi-year partnership
• Positive Sentiment: Analyst preview from Zacks expects Q2 to benefit from strong cloud adoption, AI tools and continued demand for Jira and Confluence — a fundamental tailwind that supports revenue growth expectations ahead of earnings. Atlassian to Report Q2 Earnings: What’s in Store for the Stock?
• Neutral Sentiment: Media commentary notes Atlassian may have upside despite broader negative sentiment in the software sector; this is more thematic and less company‑specific. Atlassian Corporation (TEAM) has upside despite negative software sentiment
• Neutral Sentiment: Reported short interest data shows effectively zero reported short shares and a 0.0 days‑to‑cover metric — a technical data point that currently appears immaterial to price pressure.
• Negative Sentiment: CEO Michael Cannon‑Brookes sold 7,665 shares on Jan. 30 at an average $119.15 (≈$913K), reducing his stake ~2.38%; insider selling can create near‑term negative sentiment among investors. SEC filing — CEO sale
• Negative Sentiment: Director Scott Farquhar sold an identical block (7,665 shares at $119.15) on Jan. 30, also reducing his stake ~2.38%; combined insider sales from top executives amplify concerns about conviction even if sales may be routine or for diversification. SEC filing — Director sale

Insiders Place Their Bets

In other Atlassian news, President Anutthara Bharadwaj sold 9,847 shares of the stock in a transaction on Friday, November 14th. The shares were sold at an average price of $152.46, for a total value of $1,501,273.62. Following the sale, the president directly owned 242,092 shares in the company, valued at approximately $36,909,346.32. This trade represents a 3.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the company’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $153.77, for a total transaction of $1,178,647.05. Following the completion of the sale, the chief executive officer owned 237,615 shares of the company’s stock, valued at approximately $36,538,058.55. This represents a 3.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 551,049 shares of company stock worth $82,759,668. Insiders own 36.66% of the company’s stock.

Atlassian Price Performance

Shares of TEAM stock opened at $113.70 on Tuesday. The firm’s 50 day moving average price is $148.33 and its two-hundred day moving average price is $160.59. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market cap of $29.92 billion, a PE ratio of -160.14, a PEG ratio of 18.30 and a beta of 0.88. Atlassian Corporation PLC has a 52-week low of $113.47 and a 52-week high of $326.00.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on TEAM shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Atlassian in a research report on Wednesday, January 21st. Truist Financial set a $210.00 price target on Atlassian in a research note on Friday, October 31st. KeyCorp cut their price objective on Atlassian from $250.00 to $210.00 and set an “overweight” rating for the company in a report on Thursday, October 23rd. TD Cowen dropped their target price on shares of Atlassian from $205.00 to $175.00 and set a “hold” rating for the company in a research report on Tuesday, January 20th. Finally, Jefferies Financial Group set a $262.00 price objective on shares of Atlassian in a research note on Thursday, January 15th. Twenty equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $227.60.

Atlassian Company 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.