Truist Financial Corp Cuts Stock Position in Atlassian Corporation PLC $TEAM

Posted by Francis Steltz on May 14th, 2026

Truist Financial Corp cut its holdings in Atlassian Corporation PLC (NASDAQ:TEAM – Free Report) by 33.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,016 shares of the technology company’s stock after selling 6,993 shares during the quarter. Truist Financial Corp’s holdings in Atlassian were worth $2,272,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. PFA Pension Forsikringsaktieselskab purchased a new position in Atlassian in the fourth quarter worth about $31,990,000. Danske Bank A S grew its position in Atlassian by 103.6% in the fourth quarter. Danske Bank A S now owns 165,774 shares of the technology company’s stock worth $26,879,000 after acquiring an additional 84,346 shares in the last quarter. Danica Pension Livsforsikringsaktieselskab grew its position in Atlassian by 10.2% in the fourth quarter. Danica Pension Livsforsikringsaktieselskab now owns 713,057 shares of the technology company’s stock worth $115,615,000 after acquiring an additional 66,034 shares in the last quarter. GenTrust LLC purchased a new position in Atlassian in the fourth quarter worth about $582,000. Finally, Citizens Financial Group Inc. RI purchased a new position in Atlassian in the fourth quarter worth about $240,000. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Atlassian Stock Down 5.2%

Shares of TEAM opened at $80.62 on Thursday. The firm has a market capitalization of $20.46 billion, a P/E ratio of -97.13, a P/E/G ratio of 4.82 and a beta of 0.90. Atlassian Corporation PLC has a 12-month low of $56.01 and a 12-month high of $230.63. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.13. The firm has a fifty day moving average price of $72.98 and a 200-day moving average price of $114.15.

Atlassian (NASDAQ:TEAM – Get Free Report) last issued its earnings results on Thursday, April 30th. The technology company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.42. The firm had revenue of $1.79 billion during 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%. The business’s revenue was up 31.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.97 earnings per share. Equities research analysts expect that Atlassian Corporation PLC will post 0.81 earnings per share for the current year.

Analyst Ratings Changes

TEAM has been the subject of several recent research reports. KeyCorp dropped their price target on Atlassian from $170.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday, April 1st. Barclays lifted their price objective on shares of Atlassian from $106.00 to $112.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $295.00 price objective on shares of Atlassian in a research note on Friday, May 1st. UBS Group dropped their price objective on shares of Atlassian from $105.00 to $95.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. Finally, Wall Street Zen raised shares of Atlassian from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $145.63.

Read Our Latest Analysis on TEAM

Insider Activity

In other news, CFO Joseph Leo Binz sold 1,653 shares of the business’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 $134,471.55. Following the completion of the sale, the chief financial officer directly owned 208,639 shares of the company’s stock, valued at approximately $16,972,782.65. The trade was a 0.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Rajeev Bashyam Rajan sold 3,072 shares of the business’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 of the company’s stock, valued at $17,320,716.60. This represents a 1.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 6,013 shares of company stock valued at $489,158. 36.66% of the stock is currently owned by company insiders.

Atlassian Profile

(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.

Atlassian’s product portfolio centers on tools designed to help teams plan, build and support software and business processes.