Atlassian Corporation PLC (NASDAQ:TEAM) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Atlassian Corporation PLC has received an average consensus rating of "Moderate Buy" from 25 research firms, with 18 analysts issuing a buy rating and 1 a strong buy rating.
• The company's shares have a market cap of $44.80 billion and are currently trading around $170.79, significantly below their 52-week high of $326.00.
• Atlassian reported a quarterly revenue of $1.38 billion, surpassing analysts' expectations and achieving a 22.3% increase compared to the same quarter last year.

Shares of Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) have received an average rating of "Moderate Buy" from the twenty-five ratings firms that are covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation, eighteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $256.9048.

A number of brokerages recently weighed in on TEAM. Canaccord Genuity Group reduced their target price on Atlassian from $255.00 to $230.00 and set a "buy" rating on the stock in a report on Friday, August 8th. Wall Street Zen upgraded Atlassian from a "hold" rating to a "buy" rating in a report on Sunday, June 22nd. Piper Sandler reiterated an "overweight" rating and issued a $300.00 target price (down previously from $365.00) on shares of Atlassian in a report on Friday, May 2nd. KeyCorp reduced their target price on Atlassian from $275.00 to $250.00 and set an "overweight" rating on the stock in a report on Thursday, July 17th. Finally, Oppenheimer cut their price objective on Atlassian from $300.00 to $275.00 and set an "outperform" rating on the stock in a research report on Monday, July 21st.

Insider Buying and Selling at Atlassian

In other news, Director Scott Farquhar sold 7,948 shares of Atlassian stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $216.09, for a total transaction of $1,717,483.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Anutthara Bharadwaj sold 7,728 shares of Atlassian stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $163.43, for a total value of $1,262,987.04. Following the sale, the president directly owned 182,801 shares in the company, valued at approximately $29,875,167.43. The trade was a 4.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 524,898 shares of company stock valued at $101,529,273 over the last three months. 38.55% of the stock is owned by company insiders.

Institutional Trading of Atlassian

Several hedge funds and other institutional investors have recently bought and sold shares of TEAM. GeoWealth Management LLC increased its holdings in Atlassian by 26.8% in the fourth quarter. GeoWealth Management LLC now owns 180 shares of the technology company's stock valued at $44,000 after buying an additional 38 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Atlassian by 3.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 157,752 shares of the technology company's stock valued at $38,398,000 after acquiring an additional 5,878 shares during the period. MML Investors Services LLC boosted its stake in Atlassian by 8.0% in the fourth quarter. MML Investors Services LLC now owns 15,110 shares of the technology company's stock valued at $3,678,000 after acquiring an additional 1,121 shares during the period. IHT Wealth Management LLC acquired a new position in Atlassian in the fourth quarter valued at approximately $208,000. Finally, Adage Capital Partners GP L.L.C. acquired a new position in Atlassian in the fourth quarter valued at approximately $3,042,000. 94.45% of the stock is owned by institutional investors.

Atlassian Trading Down 2.6%

Shares of TEAM stock traded down $4.42 during mid-day trading on Monday, hitting $164.25. 2,280,070 shares of the company's stock were exchanged, compared to its average volume of 2,923,929. Atlassian has a fifty-two week low of $154.07 and a fifty-two week high of $326.00. The stock has a 50-day simple moving average of $189.36 and a two-hundred day simple moving average of $215.31. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.73. The stock has a market cap of $43.09 billion, a price-to-earnings ratio of -165.91 and a beta of 0.96.

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, beating analysts' consensus estimates of $0.83 by $0.15. Atlassian had a negative return on equity of 14.77% and a negative net margin of 4.92%.The firm had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.36 billion. During the same quarter last year, the firm earned $0.66 earnings per share. The firm's revenue for the quarter was up 22.3% compared to the same quarter last year. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Equities analysts expect that Atlassian will post -0.34 EPS for the current fiscal 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.