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

Shares of Atlassian Corporation PLC (NASDAQ:TEAM) have received an average recommendation of “Moderate Buy” from the thirty ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and twenty-one have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $235.3846.

TEAM has been the subject of a number of recent analyst reports. UBS Group decreased their target price on Atlassian from $215.00 to $185.00 and set a “neutral” rating for the company in a report on Friday, October 24th. TD Cowen decreased their price objective on shares of Atlassian from $205.00 to $175.00 and set a “hold” rating for the company in a report on Tuesday. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $260.00 target price on shares of Atlassian in a research report on Friday, October 31st. Piper Sandler reaffirmed an “overweight” rating on shares of Atlassian in a research note on Tuesday, January 13th. Finally, BTIG Research reiterated a “buy” rating and set a $220.00 price target on shares of Atlassian in a research report on Tuesday, January 13th.

Insiders Place Their Bets

In other news, President Anutthara Bharadwaj sold 9,847 shares of the stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $152.46, for a total value of $1,501,273.62. Following the completion of the transaction, the president 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $167.61, for a total value of $1,284,730.65. Following the completion of the transaction, the chief executive officer owned 314,265 shares of the company’s stock, valued at approximately $52,673,956.65. The trade was a 2.38% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 566,379 shares of company stock worth $87,553,359. Company insiders own 36.66% of the company’s stock.

Institutional Trading of Atlassian

A number of hedge funds have recently modified their holdings of TEAM. Capco Asset Management LLC bought a new position in shares of Atlassian in the second quarter worth approximately $25,000. Physician Wealth Advisors Inc. increased its position in shares of Atlassian by 60.4% during the third quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock valued at $26,000 after acquiring an additional 61 shares in the last quarter. Atlantic Union Bankshares Corp raised its holdings in Atlassian by 19,900.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company’s stock worth $32,000 after acquiring an additional 199 shares during the last quarter. Board of the Pension Protection Fund bought a new position in Atlassian in the 4th quarter valued at approximately $32,000. Finally, Geneos Wealth Management Inc. boosted its stake in 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 purchasing an additional 161 shares during the last quarter. Institutional investors own 94.45% of the company’s stock.

Key Stories Impacting Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: BTIG remains bullish after Atlassian’s Data Center pricing update, signaling continued confidence in revenue/corporate demand dynamics. BTIG Stays Bullish on Atlassian (TEAM) After Data Center Pricing Update
• Positive Sentiment: A recent analysis argues AI-driven disruption fears are overblown, stressing Atlassian’s strong switching costs, data ownership, and complex workflows that protect revenue and margins — a bullish read for long-term holders. Atlassian: AI Fears Are Overblown
• Neutral Sentiment: Mizuho lowered its price target from $245 to $225 but maintained an Outperform rating — a downward revision to upside expectations but still a positive stance relative to the market. Mizuho lowers price target to $225 (Outperform)
• Negative Sentiment: TD Cowen trimmed its target to $175 and moved to a Hold rating, reducing analyst conviction and lowering implied upside — a headwind for momentum. TD Cowen lowers price target to $175 (Hold)
• Negative Sentiment: Insider sales: CEO Michael Cannon-Brookes and co-founder/director Scott Farquhar each sold 7,665 shares (same trade), trimming their holdings by ~2% at ~$118.19 per share — a signal some investors read as negative even though remaining ownership remains sizable. SEC filings here and here. Farquhar SEC Filing Cannon-Brookes SEC Filing

Atlassian Stock Up 3.7%

NASDAQ TEAM opened at $122.41 on Thursday. Atlassian has a 1 year low of $115.53 and a 1 year high of $326.00. The stock has a market capitalization of $32.21 billion, a PE ratio of -172.41, a PEG ratio of 18.28 and a beta of 0.88. 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 business’s 50-day moving average is $151.58 and its 200 day moving average is $164.95.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings results on Thursday, October 30th. The technology company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.21. Atlassian had a negative return on equity of 7.11% and a negative net margin of 3.38%.The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the prior year, the company posted $0.77 EPS. Atlassian’s quarterly revenue was up 20.6% compared to the same quarter last year. Sell-side analysts forecast that Atlassian will post -0.34 earnings per share for the current year.

About Atlassian

Atlassian Corporation Plc is a software company headquartered in Sydney, Australia, best known for developing collaboration, project management and software development tools. Founded in 2002 by Mike Cannon-Brookes and Scott Farquhar, Atlassian grew from a small engineering-focused team into a publicly traded company after its initial public offering in 2015. The company serves a global customer base that spans small teams to large enterprises across technology, financial services, government and other sectors.

Atlassian’s product portfolio centers on tools designed to help teams plan, build and support software and business processes.