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

Shares of Atlassian Corporation PLC (NASDAQ:TEAM) have received an average recommendation of “Moderate Buy” from the twenty-eight analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $142.1538.

A number of analysts recently commented on TEAM shares. Truist Financial increased their price objective on Atlassian from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Mizuho cut their target price on shares of Atlassian from $185.00 to $145.00 and set an “outperform” rating for the company in a research note on Tuesday, April 14th. Wall Street Zen lowered shares of Atlassian from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 30th. Citizens Jmp reaffirmed a “market perform” rating on shares of Atlassian in a research note on Wednesday, July 1st. Finally, Citigroup lowered their price target on shares of Atlassian from $160.00 to $110.00 and set a “buy” rating for the company in a report on Friday, May 1st.

Atlassian Price Performance

TEAM stock opened at $91.77 on Thursday. The stock’s 50 day moving average price is $88.70 and its 200 day moving average price is $92.39. The firm has a market cap of $23.29 billion, a P/E ratio of -110.57, a PEG ratio of 5.02 and a beta of 1.11. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.70 and a current ratio of 0.70. Atlassian has a 1 year low of $56.01 and a 1 year high of $206.00.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings results on Thursday, April 30th. The technology company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.42. Atlassian had a positive return on equity of 6.22% and a negative net margin of 3.50%.The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter last year, the business posted $0.97 earnings per share. Atlassian’s revenue was up 31.7% compared to the same quarter last year. On average, sell-side analysts expect that Atlassian will post 0.81 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Atlassian news, CFO James Chuong sold 8,838 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $87.75, for a total value of $775,534.50. Following the completion of the transaction, the chief financial officer directly owned 288,272 shares in the company, valued at approximately $25,295,868. The trade was a 2.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Brian Duffy sold 3,000 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $89.71, for a total value of $269,130.00. Following the transaction, the executive directly owned 227,691 shares in the company, valued at approximately $20,426,159.61. This represents a 1.30% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 20,041 shares of company stock worth $1,801,069. 36.66% of the stock is owned by company insiders.

Institutional Investors Weigh In On Atlassian

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. MV Capital Management Inc. purchased a new position in Atlassian during the fourth quarter worth about $25,000. MassMutual Private Wealth & Trust FSB boosted its stake in Atlassian by 139.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 378 shares of the technology company’s stock worth $29,000 after buying an additional 220 shares during the last quarter. Western Wealth Management LLC purchased a new stake in Atlassian in the 1st quarter valued at about $30,000. State of Wyoming grew its holdings in Atlassian by 65.7% in the 1st quarter. State of Wyoming now owns 449 shares of the technology company’s stock valued at $31,000 after buying an additional 178 shares during the period. Finally, Board of the Pension Protection Fund acquired a new position in shares of Atlassian during the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Key Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Atlassian announced a new Jira system for AI-native software development, emphasizing governance, context, and workflow support as companies look to make AI coding tools more productive and controllable. Atlassian Announces System for AI-native Software Development in Jira
• Positive Sentiment: Investor sentiment toward TEAM also improved after a softer-than-expected PPI reading eased concerns about an enterprise software spending slowdown, helping software names trade up broadly. Atlassian, Sprout Social, and Flywire Stocks Trade Up, What You Need To Know
• Positive Sentiment: Analyst commentary highlighted that Atlassian’s Service Collection has surpassed $1 billion in annual recurring revenue, reinforcing the idea that AI adoption, enterprise demand, and cloud migration are still supporting growth. TEAM’s Service Collection Tops $1B: Is Growth Set to Accelerate?
• Positive Sentiment: Atlassian also gained attention from Gartner recognition, which may have added to the view that the company remains a leading enterprise software platform. Atlassian (TEAM) Gains On Gartner Recognition, Is The Stock Overvalued Or Undervalued?
• Neutral Sentiment: Atlassian announced it will report fourth-quarter and fiscal 2026 results on August 6, which keeps investors focused on the upcoming earnings update but is not a direct catalyst by itself. Atlassian Announces Date for Fourth Quarter and Fiscal Year 2026 Financial Results
• Neutral Sentiment: SmartBear said it is adding Atlassian integrations for AI-powered testing and governance, underscoring Atlassian’s role in the developer ecosystem but not materially changing the near-term outlook on its own. SmartBear Expands AI-Powered Testing Across Developer Ecosystems…
• Negative Sentiment: Earlier in the week, TEAM had traded lower after IBM’s warning raised concerns that enterprises may be trimming software budgets, a headwind that still hangs over the sector. Atlassian, monday.com, and Agilysys Stocks Trade Down, What You Need To Know

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.