Zacks Research Forecasts Stronger Earnings for Atlassian

Atlassian Co. (NASDAQ:TEAM) – Analysts at Zacks Research upped their FY2025 EPS estimates for Atlassian in a research note issued on Wednesday, May 21st. Zacks Research analyst R. Department now anticipates that the technology company will post earnings per share of ($0.24) for the year, up from their prior forecast of ($0.26). The consensus estimate for Atlassian’s current full-year earnings is ($0.34) per share. Zacks Research also issued estimates for Atlassian’s Q4 2025 earnings at ($0.12) EPS, Q1 2026 earnings at ($0.12) EPS, Q2 2026 earnings at ($0.06) EPS, Q3 2026 earnings at ($0.03) EPS, FY2026 earnings at ($0.22) EPS, Q2 2027 earnings at $0.09 EPS, Q3 2027 earnings at $0.12 EPS and FY2027 earnings at $0.38 EPS.

Several other research firms have also recently commented on TEAM. UBS Group decreased their target price on shares of Atlassian from $230.00 to $215.00 and set a “neutral” rating for the company in a research report on Friday, May 2nd. The Goldman Sachs Group increased their price objective on Atlassian from $245.00 to $370.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. KeyCorp lowered their target price on Atlassian from $365.00 to $275.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. Canaccord Genuity Group reduced their price target on Atlassian from $300.00 to $255.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Finally, Stephens lowered their price target on Atlassian from $255.00 to $221.00 and set an “equal weight” rating on the stock in a report on Friday, May 2nd. Five investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $285.29.

Atlassian Stock Down 0.7%

TEAM stock opened at $206.82 on Monday. The stock has a market cap of $54.29 billion, a PE ratio of -154.34 and a beta of 1.06. The firm’s 50-day simple moving average is $212.83 and its 200 day simple moving average is $247.11. Atlassian has a fifty-two week low of $135.29 and a fifty-two week high of $326.00. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.81.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings results on Thursday, May 1st. The technology company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.04. Atlassian had a negative return on equity of 17.37% and a negative net margin of 7.22%. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the prior year, the firm earned $0.89 EPS. The business’s quarterly revenue was up 14.1% on a year-over-year basis.

Hedge Funds Weigh In On Atlassian

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Atlassian by 3.5% in the first quarter. Vanguard Group Inc. now owns 16,993,537 shares of the technology company’s stock valued at $3,606,198,000 after purchasing an additional 580,583 shares in the last quarter. Baillie Gifford & Co. raised its position in Atlassian by 7.1% during the first quarter. Baillie Gifford & Co. now owns 8,694,755 shares of the technology company’s stock valued at $1,845,114,000 after buying an additional 573,696 shares during the period. JPMorgan Chase & Co. raised its position in Atlassian by 72.9% during the fourth quarter. JPMorgan Chase & Co. now owns 4,284,400 shares of the technology company’s stock valued at $1,042,737,000 after buying an additional 1,806,042 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Atlassian by 21.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,440,813 shares of the technology company’s stock worth $730,175,000 after acquiring an additional 616,071 shares in the last quarter. Finally, Invesco Ltd. boosted its position in Atlassian by 265.9% during the 4th quarter. Invesco Ltd. now owns 2,445,440 shares of the technology company’s stock worth $595,171,000 after acquiring an additional 1,777,179 shares during the period. Institutional investors and hedge funds own 94.45% of the company’s stock.

Insider Buying and Selling at Atlassian

In other news, President Anutthara Bharadwaj sold 7,674 shares of Atlassian stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $225.51, for a total value of $1,730,563.74. Following the transaction, the president now directly owns 192,260 shares of the company’s stock, valued at $43,356,552.60. This trade represents a 3.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael Cannon-Brookes sold 7,948 shares of the business’s stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $206.57, for a total transaction of $1,641,818.36. Following the sale, the chief executive officer now owns 71,532 shares in the company, valued at $14,776,365.24. This represents a 10.00% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 295,003 shares of company stock valued at $64,755,621. Corporate insiders own 38.55% 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.