Atlassian Corporation PLC (NASDAQ:TEAM) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Atlassian Corporation PLC (NASDAQ:TEAM) have earned a consensus recommendation of “Moderate Buy” from the twenty-six brokerages that are presently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation, nineteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $255.4545.

A number of research analysts recently weighed in on TEAM shares. Zacks Research raised Atlassian from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 20th. UBS Group reaffirmed a “hold” rating on shares of Atlassian in a report on Monday, July 7th. Truist Financial set a $230.00 price objective on Atlassian in a report on Friday, August 8th. Cantor Fitzgerald decreased their price objective on Atlassian from $256.00 to $240.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Finally, Wall Street Zen raised Atlassian from a “hold” rating to a “buy” rating in a report on Saturday, September 13th.

Atlassian Stock Down 1.5%

TEAM stock opened at $169.63 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $44.50 billion, a PE ratio of -171.34 and a beta of 0.95. Atlassian has a 1-year low of $155.37 and a 1-year high of $326.00. The business’s 50 day simple moving average is $178.99 and its 200 day simple moving average is $201.14.

Atlassian (NASDAQ:TEAM) last posted its earnings results on Thursday, August 7th. The technology company reported $0.98 earnings per share for the quarter, topping 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 was up 22.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.66 EPS. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, research analysts anticipate that Atlassian will post -0.34 EPS for the current year.

Insider Buying and Selling at Atlassian

In other Atlassian news, CEO Michael Cannon-Brookes sold 7,665 shares of the company’s stock in a transaction on Monday, July 7th. The stock was sold at an average price of $214.49, for a total value of $1,644,065.85. Following the transaction, the chief executive officer directly owned 459,900 shares of the company’s stock, valued at $98,643,951. This represents a 1.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Scott Farquhar sold 7,665 shares of the company’s stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $213.97, for a total value of $1,640,080.05. Following the completion of the transaction, the director directly owned 467,565 shares in the company, valued at approximately $100,044,883.05. This represents a 1.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 536,278 shares of company stock valued at $99,596,944 in the last ninety days. 38.55% of the stock is currently owned by corporate insiders.

Institutional Trading of Atlassian

Institutional investors have recently modified their holdings of the stock. Clean Yield Group lifted its position in shares of Atlassian by 372.0% during the 1st quarter. Clean Yield Group now owns 118 shares of the technology company’s stock valued at $25,000 after acquiring an additional 93 shares during the period. Capco Asset Management LLC bought a new stake in shares of Atlassian during the 2nd quarter valued at $25,000. Smithfield Trust Co lifted its position in shares of Atlassian by 90.7% during the 1st quarter. Smithfield Trust Co now owns 164 shares of the technology company’s stock valued at $34,000 after acquiring an additional 78 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Atlassian by 447.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock valued at $42,000 after acquiring an additional 161 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Atlassian by 82.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 243 shares of the technology company’s stock valued at $52,000 after acquiring an additional 110 shares during the period. 94.45% of the stock is currently owned by institutional investors.

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.