James Chuong Sells 8,838 Shares of Atlassian (NASDAQ:TEAM) Stock

Posted by Brian Himes on May 21st, 2026

Atlassian Corporation PLC (NASDAQ:TEAM – Get Free Report) CFO James Chuong sold 8,838 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $87.75, for a total transaction of $775,534.50. Following the completion of the sale, the chief financial officer owned 288,272 shares in the company, valued at $25,295,868. This represents a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Atlassian Price Performance

NASDAQ TEAM traded down $4.05 on Thursday, hitting $82.18. The stock had a trading volume of 4,842,111 shares, compared to its average volume of 7,119,340. Atlassian Corporation PLC has a 52-week low of $56.01 and a 52-week high of $222.59. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.70 and a current ratio of 0.70. The company has a market capitalization of $20.85 billion, a price-to-earnings ratio of -99.01, a price-to-earnings-growth ratio of 4.91 and a beta of 0.90. The firm has a 50-day moving average of $73.52 and a 200-day moving average of $111.47.

Atlassian (NASDAQ:TEAM – Get Free Report) last posted its earnings results on Thursday, April 30th. The technology company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.42. Atlassian had a negative net margin of 3.50% and a positive return on equity of 6.22%. The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same period in the prior year, the company posted $0.97 EPS. The business’s revenue for the quarter was up 31.7% compared to the same quarter last year. Equities analysts expect that Atlassian Corporation PLC will post 0.81 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TEAM. MV Capital Management Inc. purchased a new position in shares of Atlassian during the 4th quarter valued at about $25,000. Physician Wealth Advisors Inc. raised its holdings in shares of Atlassian by 60.4% during the 3rd 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 in the last quarter. Western Wealth Management LLC purchased a new position in shares of Atlassian during the 1st quarter valued at about $30,000. State of Wyoming raised its holdings in shares of Atlassian by 65.7% during 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. Finally, Atlantic Union Bankshares Corp boosted its stake in shares of Atlassian by 19,900.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company’s stock valued at $32,000 after purchasing an additional 199 shares in the last quarter. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TEAM shares. Zacks Research upgraded Atlassian from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 6th. Jefferies Financial Group set a $150.00 target price on shares of Atlassian in a research note on Friday, February 6th. Wall Street Zen raised shares of Atlassian from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Morgan Stanley lowered their target price on shares of Atlassian from $290.00 to $120.00 and set an “overweight” rating on the stock in a research note on Thursday, April 16th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $295.00 target price on shares of Atlassian in a research note on Friday, May 1st. One equities research 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. According to data from MarketBeat, Atlassian currently has an average rating of “Moderate Buy” and a consensus price target of $145.63.

Get Our Latest Research Report on Atlassian

About Atlassian

(Get 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.