Atlassian (NASDAQ:TEAM) Stock Rating Upgraded by Wall Street Zen

Atlassian (NASDAQ:TEAM) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

TEAM has been the topic of a number of other reports. Stephens decreased their price target on Atlassian from $221.00 to $202.00 and set an “equal weight” rating on the stock in a research report on Monday, August 11th. Capital One Financial lowered Atlassian from an “overweight” rating to an “equal weight” rating and set a $211.00 price target on the stock. in a research report on Wednesday, July 16th. UBS Group restated a “hold” rating on shares of Atlassian in a research report on Monday, July 7th. Raymond James Financial decreased their price target on Atlassian from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Friday, August 8th. Finally, Oppenheimer decreased their price target on Atlassian from $300.00 to $275.00 and set an “outperform” rating on the stock in a research report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $255.45.

Atlassian Stock Performance

Shares of TEAM stock opened at $174.87 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market cap of $45.87 billion, a P/E ratio of -176.63 and a beta of 0.95. The stock’s 50-day moving average is $182.36 and its two-hundred day moving average is $204.16. Atlassian has a fifty-two week low of $154.07 and a fifty-two week high of $326.00.

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

Insider Activity

In other news, CEO Michael Cannon-Brookes sold 7,665 shares of the stock in a transaction on Friday, June 27th. The stock was sold at an average price of $203.66, for a total value of $1,561,053.90. Following the transaction, the chief executive officer owned 7,665 shares of the company’s stock, valued at $1,561,053.90. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Scott Farquhar sold 7,665 shares of the stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $199.71, for a total value of $1,530,777.15. Following the completion of the transaction, the director directly owned 22,995 shares in the company, valued at approximately $4,592,331.45. This trade represents a 25.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 536,278 shares of company stock valued at $100,612,557 in the last 90 days. 38.55% of the stock is owned by company insiders.

Institutional Trading of Atlassian

Several hedge funds have recently added to or reduced their stakes in TEAM. Norges Bank acquired a new stake in Atlassian during the 2nd quarter worth $377,794,000. Artisan Partners Limited Partnership raised its stake in Atlassian by 66.3% during the 2nd quarter. Artisan Partners Limited Partnership now owns 3,878,133 shares of the technology company’s stock worth $787,610,000 after buying an additional 1,545,546 shares during the period. Nuveen LLC acquired a new stake in Atlassian during the 1st quarter worth $327,665,000. AQR Capital Management LLC raised its stake in Atlassian by 145.6% during the 1st quarter. AQR Capital Management LLC now owns 1,715,287 shares of the technology company’s stock worth $354,858,000 after buying an additional 1,016,902 shares during the period. Finally, DNB Asset Management AS raised its stake in Atlassian by 2,676.8% during the 2nd quarter. DNB Asset Management AS now owns 765,678 shares of the technology company’s stock worth $155,502,000 after buying an additional 738,104 shares during the period. Institutional investors and hedge funds own 94.45% of the company’s stock.

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.