Analysts Set Atlassian Corporation PLC (NASDAQ:TEAM) Target Price at $255.45

Key Points

• Atlassian Corporation PLC (NASDAQ:TEAM) has received a consensus recommendation of “Moderate Buy” from 26 brokerages, with 19 buy recommendations and a 12-month average price target of $255.45.
• Despite reporting a 22.3% revenue increase year over year, Atlassian's stock has shown volatility, recently trading down 1.5% to approximately $169.63.
• Insider transactions indicate notable activity, with CEO Michael Cannon-Brookes selling shares valued at over $1.6 million, reflecting a slight decrease in ownership percentage.

Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) has been assigned an average rating of "Moderate Buy" from the twenty-six research firms that are currently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $255.4545.

A number of research firms recently weighed in on TEAM. Mizuho dropped their price objective on shares of Atlassian from $265.00 to $235.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. Canaccord Genuity Group dropped their price objective on shares of Atlassian from $255.00 to $230.00 and set a "buy" rating on the stock in a report on Friday, August 8th. BMO Capital Markets dropped their price objective on shares of Atlassian from $225.00 to $200.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. Raymond James Financial dropped their price objective on shares of Atlassian from $300.00 to $250.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. Finally, Zacks Research raised shares of Atlassian from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 20th.

Insider Buying and Selling at Atlassian

In other news, CEO Michael Cannon-Brookes sold 7,665 shares of the firm's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $214.49, for a total transaction of $1,644,065.85. Following the completion of the transaction, the chief executive officer owned 459,900 shares in the company, valued at approximately $98,643,951. This trade represents a 1.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Scott Farquhar sold 7,665 shares of the firm's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $213.97, for a total transaction of $1,640,080.05. Following the transaction, the director owned 467,565 shares of the company's stock, valued at approximately $100,044,883.05. This trade represents a 1.61% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 536,278 shares of company stock valued at $99,596,944. Company insiders own 38.55% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its position in shares of Atlassian by 37.7% in the first quarter. Farther Finance Advisors LLC now owns 369 shares of the technology company's stock worth $80,000 after purchasing an additional 101 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Atlassian by 42.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,240 shares of the technology company's stock worth $900,000 after purchasing an additional 1,259 shares during the period. Principal Financial Group Inc. boosted its position in shares of Atlassian by 350.1% during the 1st quarter. Principal Financial Group Inc. now owns 51,900 shares of the technology company's stock valued at $11,014,000 after acquiring an additional 40,369 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Atlassian by 47,387.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,799 shares of the technology company's stock valued at $822,000 after purchasing an additional 3,791 shares during the last quarter. Finally, Amalgamated Bank lifted its holdings in Atlassian by 6.1% during the 1st quarter. Amalgamated Bank now owns 11,360 shares of the technology company's stock valued at $2,411,000 after purchasing an additional 650 shares during the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Atlassian Stock Performance

Shares of NASDAQ:TEAM traded down $0.58 on Friday, reaching $169.05. 2,754,523 shares of the company's stock were exchanged, compared to its average volume of 2,134,461. The firm has a market capitalization of $44.35 billion, a price-to-earnings ratio of -170.76 and a beta of 0.95. Atlassian has a fifty-two week low of $155.37 and a fifty-two week high of $326.00. The business's 50-day moving average is $178.63 and its two-hundred day moving average is $200.42. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.73.

Atlassian (NASDAQ:TEAM - Get Free Report) last issued its earnings results on Thursday, August 7th. The technology company reported $0.98 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.15. The company had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.36 billion. Atlassian had a negative net margin of 4.92% and a negative return on equity of 14.77%. The firm's revenue was up 22.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.66 earnings per share. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, equities research analysts forecast that Atlassian will post -0.34 EPS for the current year.

About Atlassian

Atlassian Corporation, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its product portfolio includes Jira Software and Jira Work Management, a project management system that connects technical and business teams so they can better plan, organize, track and manage their work and projects; Confluence, a connected workspace that organizes knowledge across all teams to move work forward; and Trello, a collaboration and organization product that captures and adds structure to fluid and fast-forming work for teams.