Atlassian Corporation PLC (NASDAQ:TEAM) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analysts remain broadly bullish: Atlassian has a “Moderate Buy” consensus from 29 analysts, with 23 buys, five holds and one sell. The average 12-month price target is approximately $172.88.
• Strong quarterly results supported the stock: Adjusted EPS came in at $1.87 versus the $1.50 consensus, while revenue rose 27.6% year over year to $1.77 billion. Cloud revenue increased 31%, aided by enterprise demand and adoption of the AI-powered Rovo platform.
• Targets have risen, but risks remain: Several firms raised their price targets, with Jefferies setting the highest cited target at $200. However, insiders have sold shares recently, and the sharp rebound could leave TEAM vulnerable to profit-taking if cloud growth or AI adoption slows.

Shares of Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the twenty-nine analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and twenty-three have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $172.8846.

Several research firms have recently commented on TEAM. Morgan Stanley lifted their price target on shares of Atlassian from $120.00 to $180.00 and gave the company an "overweight" rating in a report on Friday. KeyCorp increased their price objective on shares of Atlassian from $115.00 to $185.00 and gave the stock an "overweight" rating in a research note on Friday. Barclays raised their target price on shares of Atlassian from $106.00 to $112.00 and gave the stock an "overweight" rating in a report on Thursday, May 7th. Jefferies Financial Group restated a "buy" rating and issued a $200.00 target price on shares of Atlassian in a research note on Friday. Finally, Wells Fargo & Company upped their target price on Atlassian from $140.00 to $180.00 and gave the company an "overweight" rating in a report on Friday.

Insider Buying and Selling

In other Atlassian news, CRO Brian Duffy sold 3,000 shares of the firm's 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 sale, the executive directly owned 227,691 shares in the company, valued at approximately $20,426,159.61. This trade represents a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO James Chuong sold 8,838 shares of the business's stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $87.75, for a total transaction of $775,534.50. Following the transaction, the chief financial officer directly owned 288,272 shares of the company's stock, valued at approximately $25,295,868. This trade represents a 2.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 20,041 shares of company stock valued at $1,801,069 in the last 90 days. Insiders own 36.66% of the company's stock.

Institutional Trading of Atlassian

A number of large investors have recently modified their holdings of TEAM. Baillie Gifford & Co. increased its stake in shares of Atlassian by 3.9% during the fourth quarter. Baillie Gifford & Co. now owns 8,431,802 shares of the technology company's stock valued at $1,367,132,000 after acquiring an additional 316,276 shares during the period. Exane Asset Management lifted its position in Atlassian by 419.9% in the fourth quarter. Exane Asset Management now owns 31,363 shares of the technology company's stock worth $5,085,000 after purchasing an additional 25,330 shares during the period. Nicholas Company Inc. lifted its position in Atlassian by 8.7% in the fourth quarter. Nicholas Company Inc. now owns 306,819 shares of the technology company's stock worth $49,748,000 after purchasing an additional 24,490 shares during the period. Fisher Funds Management LTD boosted its stake in Atlassian by 11.1% during the 4th quarter. Fisher Funds Management LTD now owns 334,011 shares of the technology company's stock valued at $54,440,000 after purchasing an additional 33,485 shares in the last quarter. Finally, Merit Financial Group LLC boosted its stake in Atlassian by 339.8% during the 4th quarter. Merit Financial Group LLC now owns 31,565 shares of the technology company's stock valued at $5,118,000 after purchasing an additional 24,388 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company's stock.

Atlassian News Roundup

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Results exceeded expectations: Atlassian reported adjusted earnings of $1.87 per share, versus the $1.50 consensus estimate, while revenue rose 27.6% year over year to $1.77 billion, ahead of the $1.66 billion forecast. Atlassian beats quarterly estimates on strong cloud demand
• Positive Sentiment: Cloud and enterprise momentum supported the rally: Cloud revenue grew 31% to $1.21 billion, Data Center revenue topped estimates, and the company cited record large enterprise contracts, strong subscription demand and rising adoption of its AI-powered Rovo platform. TEAM Q4 Earnings Call Highlights AI and Enterprise Momentum
• Positive Sentiment: Fiscal 2027 guidance was viewed favorably: Management’s cloud revenue outlook exceeded expectations, and first-quarter revenue guidance of approximately $1.7 billion was above or in line with consensus, reinforcing confidence in continued growth. Atlassian earnings beat drives 30% stock surge
• Positive Sentiment: Analyst support strengthened: Bank of America upgraded TEAM to Buy with a $175 target, while BMO raised its target to $175 and Oppenheimer lifted its target to $200 with an Outperform rating. Unusually heavy call-option activity also reflected bullish near-term positioning.
• Neutral Sentiment: Atlassian’s results were interpreted as a potential turning point for software stocks broadly, suggesting investors may again be rewarding solid fundamentals despite AI-disruption concerns. Software Stocks Trade Like It's 2022 After Atlassian Leads Earnings Rally
• Negative Sentiment: The company still faces external uncertainty, and the sharp rebound leaves TEAM trading near the upper end of its recent range, increasing the risk of profit-taking if cloud growth or AI adoption slows.

Atlassian Stock Performance

TEAM stock opened at $149.07 on Monday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.13. The firm has a market cap of $37.83 billion, a P/E ratio of -784.58, a P/E/G ratio of 10.70 and a beta of 1.05. Atlassian has a 12-month low of $56.01 and a 12-month high of $184.00. The stock's 50 day simple moving average is $93.01 and its 200 day simple moving average is $86.70.

Atlassian (NASDAQ:TEAM - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The technology company reported $1.87 EPS for the quarter, topping analysts' consensus estimates of $1.50 by $0.37. Atlassian had a negative net margin of 0.82% and a positive return on equity of 20.07%. The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. The firm's revenue was up 27.6% on a year-over-year basis. As a group, equities research analysts predict that Atlassian will post 0.67 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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