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

Shares of Atlassian Corporation PLC (NASDAQ:TEAM) have been assigned an average rating of “Moderate Buy” from the twenty-seven research firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $189.32.

A number of equities analysts have recently weighed in on the company. BMO Capital Markets set a $130.00 price objective on Atlassian and gave the stock an “outperform” rating in a research note on Friday, February 6th. Barclays lowered their price target on Atlassian from $215.00 to $165.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $260.00 price objective on shares of Atlassian in a report on Friday, October 31st. Sanford C. Bernstein lifted their price objective on shares of Atlassian from $290.00 to $304.00 and gave the company an “outperform” rating in a research report on Tuesday, November 18th. Finally, Oppenheimer dropped their target price on shares of Atlassian from $275.00 to $150.00 and set an “outperform” rating for the company in a research report on Friday, February 6th.

Atlassian Stock Down 2.4%

TEAM stock opened at $84.38 on Monday. The business’s 50-day moving average price is $137.78 and its 200-day moving average price is $153.92. The stock has a market cap of $22.25 billion, a P/E ratio of -117.19, a PEG ratio of 70.43 and a beta of 0.88. Atlassian has a twelve month low of $83.17 and a twelve month high of $316.99. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.62.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings results on Thursday, February 5th. The technology company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.10. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.54 billion. Atlassian had a negative net margin of 3.29% and a negative return on equity of 6.33%. The company’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.96 earnings per share. On average, equities research analysts forecast that Atlassian will post -0.34 EPS for the current year.

Trending Headlines about Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Coverage noting Atlassian’s strong presence within the Nasdaq tech complex, highlighting visibility among peers and potential long-term market positioning. Atlassian (NASDAQ:TEAM) Shows Strong Nasdaq Composite Presence In Tech
• Neutral Sentiment: Recaps and Q&A from Atlassian’s Q4 earnings call providing detail on execution and management commentary — useful for fundamentals but not a clear immediate catalyst. The 5 most interesting analyst questions from Atlassian’s Q4 earnings call
• Neutral Sentiment: Coverage of Atlassian’s strategic shift (global changes and AI initiatives) that could support longer-term revenue/positioning; article frames these moves against a recent share-price slump — mixed near-term impact. Atlassian’s Global Shift And AI Push Versus Recent Share Price Slump
• Neutral Sentiment: Reported short-interest entries for Feb 12–13 show anomalous data (0 shares / NaN change and a 0.0 days ratio). The figures are unreliable as published and don’t provide a clear short-squeeze or bearish signal today.
• Negative Sentiment: Zacks published a bearish feature on TEAM (“Bear of the Day”), highlighting deteriorating sentiment versus prior highs — negative press that can amplify selling. Bear of the Day: Atlassian (TEAM)
• Negative Sentiment: Zacks Research downgraded TEAM from “hold” to “strong sell,” a formal analyst downgrade that increases downside pressure by signaling weaker near-term expectations. Zacks.com
• Negative Sentiment: Citi cut its price target on TEAM from $210 to $160, trimming upside expectations from a major sell-side firm — another direct hit to valuation sentiment. Citi cuts PT on Atlassian Corporation (TEAM) to $160 from $210 – here’s why
• Negative Sentiment: Pomerantz LLP opened an investor investigation into Atlassian, introducing legal risk and potential liability concerns that typically weigh on shares until resolved. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf Of Investors of Atlassian Corporation – TEAM

Insider Activity

In related news, Director Scott Farquhar sold 7,665 shares of the stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $148.29, for a total transaction of $1,136,642.85. Following the completion of the transaction, the director directly owned 176,295 shares of the company’s stock, valued at approximately $26,142,785.55. This represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $148.29, for a total value of $1,136,642.85. Following the transaction, the chief executive officer owned 176,295 shares of the company’s stock, valued at $26,142,785.55. This represents a 4.17% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 497,847 shares of company stock valued at $72,254,722 in the last three months. Insiders own 36.66% of the company’s stock.

Institutional Investors Weigh In On Atlassian

A number of hedge funds have recently bought and sold shares of the business. Kestra Advisory Services LLC grew its stake in shares of Atlassian by 28.2% in the 4th quarter. Kestra Advisory Services LLC now owns 9,985 shares of the technology company’s stock worth $1,619,000 after buying an additional 2,196 shares in the last quarter. Ontario Teachers Pension Plan Board grew its position in Atlassian by 7.6% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 717,272 shares of the technology company’s stock worth $116,298,000 after acquiring an additional 50,643 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Atlassian by 143.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 7,458 shares of the technology company’s stock worth $1,213,000 after acquiring an additional 4,399 shares during the last quarter. Soros Fund Management LLC increased its stake in Atlassian by 307.3% during the fourth quarter. Soros Fund Management LLC now owns 286,766 shares of the technology company’s stock worth $46,496,000 after acquiring an additional 216,355 shares during the last quarter. Finally, AlTi Global Inc. raised its position in Atlassian by 214.0% during the fourth quarter. AlTi Global Inc. now owns 6,108 shares of the technology company’s stock valued at $990,000 after purchasing an additional 4,163 shares during the period. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Atlassian Company Profile

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.