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

Shares of Atlassian Corporation PLC (NASDAQ:TEAM) have been given an average recommendation of “Moderate Buy” by the twenty-seven analysts that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $189.32.

Several brokerages have issued reports on TEAM. Zacks Research downgraded shares of Atlassian from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 11th. Robert W. Baird set a $140.00 price target on Atlassian in a research note on Friday, February 6th. Citigroup dropped their price objective on Atlassian from $210.00 to $160.00 and set a “buy” rating for the company in a report on Monday, February 9th. Truist Financial set a $210.00 target price on Atlassian in a research note on Friday, October 31st. Finally, Morgan Stanley decreased their target price on Atlassian from $320.00 to $290.00 and set an “overweight” rating for the company in a research report on Friday, February 6th.

Key Atlassian News

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

Atlassian Trading Down 2.4%

TEAM stock opened at $84.38 on Monday. Atlassian has a twelve month low of $83.17 and a twelve month high of $316.99. The stock has a market capitalization of $22.25 billion, a price-to-earnings ratio of -117.19, a price-to-earnings-growth ratio of 70.43 and a beta of 0.88. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.62. The firm’s fifty day simple moving average is $137.78 and its two-hundred day simple moving average is $153.92.

Atlassian (NASDAQ:TEAM) last released its earnings results on Thursday, February 5th. The technology company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the business earned $0.96 EPS. The business’s revenue was up 23.3% on a year-over-year basis. As a group, analysts anticipate that Atlassian will post -0.34 earnings per share for the current year.

Insider Transactions at Atlassian

In other news, Director Scott Farquhar sold 7,665 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $94.81, for a total transaction of $726,718.65. Following the transaction, the director directly owned 275,940 shares of the company’s stock, valued at approximately $26,161,871.40. This trade represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction that occurred on Friday, February 6th. The shares were 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 of the company’s stock, valued at $26,161,871.40. This represents a 2.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 497,847 shares of company stock valued at $72,254,722 in the last quarter. 36.66% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

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

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.