Atlassian (NASDAQ:TEAM) Reaches New 1-Year Low – Here’s What Happened

Shares of Atlassian Corporation PLC (NASDAQ:TEAM) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $144.27 and last traded at $143.6050, with a volume of 867778 shares changing hands. The stock had previously closed at $146.51.

Analyst Ratings Changes

TEAM has been the subject of a number of recent research reports. Macquarie decreased their price objective on Atlassian from $250.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, November 3rd. Canaccord Genuity Group restated a “buy” rating and set a $230.00 price target on shares of Atlassian in a research note on Wednesday, October 22nd. Raymond James Financial lowered their target price on shares of Atlassian from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Friday, August 8th. KeyCorp reduced their price target on shares of Atlassian from $250.00 to $210.00 and set an “overweight” rating for the company in a research report on Thursday, October 23rd. Finally, Piper Sandler reissued an “overweight” rating and set a $300.00 price target on shares of Atlassian in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Atlassian presently has an average rating of “Moderate Buy” and an average target price of $240.00.

Atlassian Stock Down 1.6%

The company has a debt-to-equity ratio of 0.72, a current ratio of 1.26 and a quick ratio of 1.26. The firm’s 50-day moving average price is $159.76 and its 200 day moving average price is $182.58. The firm has a market capitalization of $37.95 billion, a price-to-earnings ratio of -202.13, a price-to-earnings-growth ratio of 35.28 and a beta of 0.95.

Atlassian (NASDAQ:TEAM) last posted its earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.21. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. Atlassian had a negative return on equity of 7.11% and a negative net margin of 3.38%.Atlassian’s revenue was up 20.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 EPS. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Sell-side analysts expect that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Insider Buying and Selling at Atlassian

In other Atlassian news, Director Scott Farquhar sold 7,665 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $147.41, for a total transaction of $1,129,897.65. Following the sale, the director directly owned 222,285 shares of the company’s stock, valued at $32,767,031.85. This trade represents a 3.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Anutthara Bharadwaj sold 9,847 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $152.46, for a total transaction of $1,501,273.62. Following the completion of the transaction, the president directly owned 242,092 shares of the company’s stock, valued at approximately $36,909,346.32. This represents a 3.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have acquired 4,497 shares of company stock valued at $742,375 and have sold 574,422 shares valued at $93,484,396. 36.66% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Atlassian

Several hedge funds have recently made changes to their positions in the business. Kestra Private Wealth Services LLC boosted its stake in Atlassian by 28.2% in the 1st quarter. Kestra Private Wealth Services LLC now owns 6,099 shares of the technology company’s stock worth $1,294,000 after buying an additional 1,340 shares during the last quarter. J.W. Cole Advisors Inc. boosted its position in shares of Atlassian by 24.5% in the first quarter. J.W. Cole Advisors Inc. now owns 4,929 shares of the technology company’s stock worth $1,046,000 after acquiring an additional 971 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in Atlassian by 431.2% in the first quarter. Allianz Asset Management GmbH now owns 79,493 shares of the technology company’s stock valued at $16,912,000 after purchasing an additional 64,527 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH increased its position in Atlassian by 4.2% during the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 108,207 shares of the technology company’s stock worth $22,963,000 after purchasing an additional 4,340 shares during the last quarter. Finally, SYM FINANCIAL Corp increased its position in Atlassian by 46.3% during the first quarter. SYM FINANCIAL Corp now owns 1,383 shares of the technology company’s stock worth $293,000 after purchasing an additional 438 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

About Atlassian

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.