Atlassian Corporation PLC (NASDAQ:TEAM) Receives Consensus Rating of “Moderate Buy” from Analysts

Atlassian Corporation PLC (NASDAQ:TEAM) has received a consensus recommendation of “Moderate Buy” from the twenty-five research firms that are covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation, eighteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $256.9048.

Several equities research analysts have commented on the company. Wall Street Zen upgraded Atlassian from a “hold” rating to a “buy” rating in a research note on Sunday, June 22nd. UBS Group restated a “hold” rating on shares of Atlassian in a research note on Monday, July 7th. KeyCorp cut their target price on Atlassian from $275.00 to $250.00 and set an “overweight” rating on the stock in a research note on Thursday, July 17th. Canaccord Genuity Group cut their target price on Atlassian from $255.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, August 8th. Finally, Raymond James Financial cut their target price on Atlassian from $300.00 to $250.00 and set an “outperform” rating on the stock in a research note on Friday, August 8th.

Insider Transactions at Atlassian

In other news, CEO Michael Cannon-Brookes sold 7,665 shares of the company’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $177.83, for a total transaction of $1,363,066.95. Following the sale, the chief executive officer owned 160,965 shares in the company, valued at $28,624,405.95. This represents a 4.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Scott Farquhar sold 7,665 shares of the company’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $177.83, for a total value of $1,363,066.95. Following the sale, the director owned 160,965 shares in the company, valued at approximately $28,624,405.95. This represents a 4.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 539,662 shares of company stock worth $103,608,546 in the last 90 days. Corporate insiders own 38.55% of the company’s stock.

Institutional Investors Weigh In On Atlassian

A number of large investors have recently added to or reduced their stakes in TEAM. GeoWealth Management LLC raised its stake in Atlassian by 26.8% in the 4th quarter. GeoWealth Management LLC now owns 180 shares of the technology company’s stock valued at $44,000 after acquiring an additional 38 shares during the period. Dimensional Fund Advisors LP raised its stake in Atlassian by 3.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 157,752 shares of the technology company’s stock valued at $38,398,000 after acquiring an additional 5,878 shares during the period. MML Investors Services LLC raised its stake in Atlassian by 8.0% in the 4th quarter. MML Investors Services LLC now owns 15,110 shares of the technology company’s stock valued at $3,678,000 after acquiring an additional 1,121 shares during the period. IHT Wealth Management LLC bought a new stake in Atlassian in the 4th quarter valued at $208,000. Finally, Adage Capital Partners GP L.L.C. bought a new stake in Atlassian in the 4th quarter valued at $3,042,000. Institutional investors own 94.45% of the company’s stock.

Atlassian Price Performance

Shares of TEAM opened at $177.78 on Monday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a 50 day simple moving average of $188.25 and a 200 day simple moving average of $211.60. Atlassian has a 52-week low of $154.07 and a 52-week high of $326.00. The firm has a market capitalization of $46.64 billion, a PE ratio of -179.57 and a beta of 0.95.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings data on Thursday, August 7th. The technology company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.15. Atlassian had a negative return on equity of 14.77% and a negative net margin of 4.92%.The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period in the previous year, the firm earned $0.66 EPS. Atlassian’s quarterly revenue was up 22.3% compared to the same quarter last year. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Sell-side analysts predict that Atlassian will post -0.34 EPS for the current fiscal year.

Atlassian Company Profile

Atlassian Corporation, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its product portfolio includes Jira Software and Jira Work Management, a project management system that connects technical and business teams so they can better plan, organize, track and manage their work and projects; Confluence, a connected workspace that organizes knowledge across all teams to move work forward; and Trello, a collaboration and organization product that captures and adds structure to fluid and fast-forming work for teams.