Zacks Research upgraded shares of Atlassian (NASDAQ:TEAM – Free Report) from a strong sell rating to a hold rating in a report issued on Monday morning,Zacks.com reports.
Several other research analysts also recently issued reports on TEAM. Wells Fargo & Company cut their price objective on Atlassian from $155.00 to $120.00 and set an “overweight” rating for the company in a research report on Tuesday, March 17th. Barclays cut their price objective on Atlassian from $215.00 to $165.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. BMO Capital Markets set a $130.00 price objective on Atlassian and gave the stock an “outperform” rating in a research report on Friday, February 6th. Wall Street Zen upgraded Atlassian from a “hold” rating to a “buy” rating in a research report on Monday, March 23rd. Finally, UBS Group restated a “neutral” rating and set a $105.00 price objective on shares of Atlassian in a research report on Friday, February 6th. Twenty equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Atlassian has an average rating of “Moderate Buy” and a consensus target price of $179.00.
Get Our Latest Stock Report on TEAM
Atlassian Price Performance
Atlassian (NASDAQ:TEAM – Get Free Report) last posted its quarterly earnings results on Friday, February 6th. The technology company reported $1.22 earnings per share (EPS) 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 company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period last year, the firm earned $0.96 EPS. The company’s revenue for the quarter was up 23.3% on a year-over-year basis. As a group, equities analysts expect that Atlassian will post -0.34 EPS for the current fiscal year.
Insider Buying and Selling at Atlassian
In other Atlassian news, CEO Michael Cannon-Brookes sold 7,665 shares of the business’s stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $126.11, for a total value of $966,633.15. Following the completion of the transaction, the chief executive officer directly owned 352,590 shares in the company, valued at approximately $44,465,124.90. The trade was a 2.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Scott Farquhar sold 7,665 shares of the business’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $118.19, for a total value of $905,926.35. Following the completion of the transaction, the director owned 367,920 shares of the company’s stock, valued at $43,484,464.80. This trade represents a 2.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 189,973 shares of company stock valued at $23,479,713 over the last quarter. 36.66% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of TEAM. AQR Capital Management LLC raised its holdings in Atlassian by 291.4% in the 4th quarter. AQR Capital Management LLC now owns 7,749,694 shares of the technology company’s stock valued at $1,256,535,000 after acquiring an additional 5,769,788 shares during the last quarter. DNB Asset Management AS raised its holdings in Atlassian by 266.6% in 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 acquiring an additional 2,041,210 shares during the last quarter. Norges Bank acquired a new position in Atlassian in the 4th quarter valued at $323,526,000. Morgan Stanley raised its holdings in Atlassian by 52.4% in the 4th quarter. Morgan Stanley now owns 4,822,007 shares of the technology company’s stock valued at $781,841,000 after acquiring an additional 1,657,309 shares during the last quarter. Finally, Carmignac Gestion raised its holdings in Atlassian by 6,602.0% in the 4th quarter. Carmignac Gestion now owns 1,206,368 shares of the technology company’s stock valued at $195,601,000 after acquiring an additional 1,188,368 shares during the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.
Atlassian News Summary
Here are the key news stories impacting Atlassian this week:
- Positive Sentiment: Atlassian launched new AI features for Confluence (Remix open beta) that turn text into charts, infographics and presentation-ready visuals and added partner agents for its Lov assistant — a strategic product expansion that could increase user engagement and upsell opportunities. Atlassian Launches New AI Features in Confluence to Transform Text into Dynamic Visuals
- Positive Sentiment: Analyst sentiment has shown some support: Zacks upgraded TEAM from “strong sell” to “hold,” and broker consensus ratings still skew toward “Moderate Buy,” providing partial analyst support to the shares. Zacks.com
- Neutral Sentiment: Arctiq’s integration of Forty8Fifty Labs (part of Verinext) expands a channel/partner ecosystem that could indirectly improve Atlassian services adoption by large customers, but it’s a third-party development with limited immediate revenue impact. Arctiq Integrates Forty8Fifty Labs Brand to Expand Atlassian Expertise and Global Innovation Capabilities
- Negative Sentiment: Reporting around the Confluence AI rollout also highlighted that Atlassian cut roughly 1,600 jobs about a month ago — a reminder of cost pressures and restructuring that can signal disruption and uncertainty to investors. Atlassian brings AI visual tools and partner agents to Confluence, 1 month after cutting 1,600 jobs
- Negative Sentiment: Mattermost and partners are pitching a self-hosted Confluence alternative for defense and critical infrastructure customers affected by Atlassian’s decision to retire some on-premise Confluence options — intensifying competitive and sovereign-cloud risks that could pressure retention in sensitive verticals. Mattermost Challenge To Confluence Exit Meets Atlassian Valuation Discount Concerns
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.
Further Reading
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