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

Atlassian Corporation PLC (NASDAQ:TEAM) has received a consensus rating of “Moderate Buy” from the twenty-eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, five have given a hold rating and twenty-one have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $185.1154.

TEAM has been the topic of several research reports. Jefferies Financial Group set a $150.00 price objective on Atlassian in a research report on Friday, February 6th. Cantor Fitzgerald decreased their target price on Atlassian from $240.00 to $146.00 and set an “overweight” rating for the company in a research report on Wednesday, February 4th. Wolfe Research restated an “outperform” rating and issued a $100.00 target price on shares of Atlassian in a research note on Thursday. Zacks Research lowered Atlassian from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 11th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $200.00 price target (down from $280.00) on shares of Atlassian in a research note on Friday, February 6th.

Insider Activity

In related news, CFO Joseph Leo Binz sold 1,653 shares of Atlassian stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $81.35, for a total transaction of $134,471.55. Following the completion of the transaction, the chief financial officer directly owned 208,639 shares of the company’s stock, valued at $16,972,782.65. This trade represents a 0.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $94.81, for a total transaction of $726,718.65. Following the sale, the chief executive officer directly owned 275,940 shares in the company, valued at $26,161,871.40. The trade was a 2.70% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 343,273 shares of company stock worth $48,101,379. 36.66% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Atlassian

Institutional investors and hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC boosted its position in shares of Atlassian by 291.4% in the 4th quarter. AQR Capital Management LLC now owns 7,749,694 shares of the technology company’s stock worth $1,256,535,000 after purchasing an additional 5,769,788 shares in the last quarter. DNB Asset Management AS increased its position in Atlassian by 266.6% during the 3rd quarter. DNB Asset Management AS now owns 2,806,888 shares of the technology company’s stock valued at $448,260,000 after buying an additional 2,041,210 shares in the last quarter. Norges Bank purchased a new position in Atlassian during the fourth quarter valued at $323,526,000. Morgan Stanley raised its stake in Atlassian by 52.4% during the fourth quarter. Morgan Stanley now owns 4,822,007 shares of the technology company’s stock valued at $781,841,000 after buying an additional 1,657,309 shares during the last quarter. Finally, Artisan Partners Limited Partnership boosted its holdings in Atlassian by 66.3% in the second quarter. Artisan Partners Limited Partnership now owns 3,878,133 shares of the technology company’s stock worth $787,610,000 after acquiring an additional 1,545,546 shares in the last quarter. Institutional investors own 94.45% of the company’s stock.

Atlassian Stock Down 2.8%

Shares of NASDAQ TEAM opened at $73.34 on Friday. The firm has a fifty day simple moving average of $105.78 and a two-hundred day simple moving average of $141.77. Atlassian has a 12 month low of $67.85 and a 12 month high of $242.00. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $19.34 billion, a PE ratio of -101.86, a price-to-earnings-growth ratio of 298.87 and a beta of 0.94.

Atlassian (NASDAQ:TEAM) last announced its earnings results on Thursday, February 5th. The technology company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.10. Atlassian had a negative net margin of 3.29% and a negative return on equity of 6.33%. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the previous year, the firm posted $0.96 EPS. The company’s revenue for the quarter was up 23.3% compared to the same quarter last year. Equities analysts expect that Atlassian will post -0.34 earnings per share for the current year.

Atlassian News Roundup

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Management says cuts will “self‑fund” AI and enterprise investments and accelerate the path to sustained profitability, which investors often view as a constructive cost/reinvestment tradeoff. Atlassian to lay off about 1,600 people in pivot to AI
• Positive Sentiment: Several outlets reported an initial positive market reaction to the layoffs (short‑term rally as investors reward cost discipline and AI focus). Atlassian shares rise after workforce reduction announcement
• Positive Sentiment: Mizuho lowered its price target from $205 to $185 but kept an “outperform” rating, signaling some analyst confidence in a recovery scenario despite near‑term uncertainty. PT lowered to $185 at Mizuho
• Neutral Sentiment: Short‑interest data in the feed shows zero shares shorted (likely a reporting anomaly) and is not informative for positioning right now. (No external link — data appears erroneous.)
• Neutral Sentiment: CEO communications emphasized a “human” approach to the layoffs; tone may limit reputational damage but doesn’t change the operational impact. Atlassian to Cut 10% of Jobs Citing AI. But Its CEO Used a Human Touch for the Layoffs.
• Negative Sentiment: Roughly 900 of the affected roles are in R&D — cuts to engineering/research staff could slow product development or delay AI initiatives, raising execution risk. Atlassian to reduce headcount by 10% as it restructures around AI
• Negative Sentiment: Leadership churn: the CTO is leaving amid the restructuring, which can increase short‑term uncertainty about execution. Atlassian layoffs impact 63 workers in Washington as CTO steps down
• Negative Sentiment: Bearish coverage and price‑prediction pieces highlight downside risk and lingering concerns about growth and margins; such narratives can pressure sentiment even if fundamentals improve later. Atlassian Price Prediction: Down 66%, TEAM Could Hit $185 Next

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.