Atlassian Corporation PLC (NASDAQ:TEAM) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Moderate Buy consensus from 28 analysts (21 buys, 6 holds, 1 sell) with an average 12‑month price target of $144.67.
• Atlassian's Q3 results beat expectations — $1.75 EPS vs $1.33 est and $1.79B revenue (up ~31.7% YoY) — and management raised revenue guidance, fueling a roughly 29.6% stock rally.
• Despite the strong quarter, several analysts trimmed targets and insiders have sold shares recently, leaving mixed sell‑side views and potential near‑term caution.

Shares of Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) have been given an average rating of "Moderate Buy" by the twenty-eight analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $144.6667.

TEAM has been the topic of several recent research reports. TD Cowen increased their target price on shares of Atlassian from $85.00 to $105.00 and gave the stock a "hold" rating in a report on Friday. Canaccord Genuity Group dropped their target price on shares of Atlassian from $185.00 to $150.00 and set a "buy" rating on the stock in a report on Wednesday, April 15th. KeyCorp dropped their target price on shares of Atlassian from $170.00 to $130.00 and set an "overweight" rating on the stock in a report on Wednesday, April 1st. Robert W. Baird set a $120.00 target price on shares of Atlassian in a report on Friday. Finally, Oppenheimer dropped their target price on shares of Atlassian from $150.00 to $100.00 and set an "outperform" rating on the stock in a report on Friday, April 17th.

Atlassian Trading Up 29.6%

NASDAQ TEAM opened at $88.88 on Friday. The company's 50-day moving average price is $70.97 and its 200-day moving average price is $118.12. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.62. The stock has a market cap of $23.44 billion, a PE ratio of -123.44 and a beta of 0.90. Atlassian has a 12 month low of $56.01 and a 12 month high of $232.36.

Atlassian (NASDAQ:TEAM - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The technology company reported $1.75 EPS for the quarter, topping analysts' consensus estimates of $1.33 by $0.42. The firm had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.70 billion. Atlassian had a negative net margin of 3.50% and a positive return on equity of 5.62%. The business's revenue for the quarter was up 31.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.97 earnings per share. Equities research analysts forecast that Atlassian will post -0.01 earnings per share for the current year.

Insider Transactions at Atlassian

In related news, Director Scott Farquhar sold 7,665 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $94.81, for a total value of $726,718.65. Following the completion of the transaction, the director directly owned 275,940 shares of the company's stock, valued at $26,161,871.40. This trade represents a 2.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Joseph Leo Binz sold 1,653 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $81.35, for a total transaction of $134,471.55. Following the completion of the transaction, the chief financial officer directly owned 208,639 shares of the company's stock, valued at $16,972,782.65. The trade was a 0.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 52,003 shares of company stock worth $5,338,804 over the last ninety days. 36.66% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Atlassian

Several hedge funds and other institutional investors have recently bought and sold shares of TEAM. Citizens Financial Group Inc. RI grew its holdings in Atlassian by 154.6% during the first quarter. Citizens Financial Group Inc. RI now owns 3,768 shares of the technology company's stock worth $257,000 after acquiring an additional 2,288 shares during the period. Fifth Third Bancorp raised its position in shares of Atlassian by 7,744.4% in the first quarter. Fifth Third Bancorp now owns 14,120 shares of the technology company's stock worth $964,000 after acquiring an additional 13,940 shares during the period. Candriam S.C.A. raised its position in shares of Atlassian by 6.1% in the first quarter. Candriam S.C.A. now owns 55,699 shares of the technology company's stock worth $3,801,000 after acquiring an additional 3,212 shares during the period. Sequoia Financial Advisors LLC raised its position in shares of Atlassian by 26.1% in the first quarter. Sequoia Financial Advisors LLC now owns 8,370 shares of the technology company's stock worth $571,000 after acquiring an additional 1,733 shares during the period. Finally, Hsbc Holdings PLC raised its position in shares of Atlassian by 25.9% in the first quarter. Hsbc Holdings PLC now owns 173,242 shares of the technology company's stock worth $11,856,000 after acquiring an additional 35,631 shares during the period. Institutional investors and hedge funds own 94.45% of the company's stock.

Key Stories Impacting Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Q3 beat and raised revenue guidance — Atlassian reported ~32% revenue growth (roughly $1.8B) and beat EPS estimates, then lifted its FY revenue growth target, which is the main catalyst for the rally. Read More.
• Positive Sentiment: Strong execution driven by cloud, AI and enterprise expansion — Management pointed to AI features, cloud migrations and growing enterprise adoption (including Rovo usage) as sustainable growth drivers. Read More.
• Positive Sentiment: Street praise and sector lift — Multiple outlets and analysts praised the quarter; the results helped lift other beaten‑down SaaS names as investors reassess demand risk for enterprise software. Read More.
• Neutral Sentiment: Mixed analyst/Wall Street reactions — Some commentators called the results “solid,” while others raised questions about margin and longer‑term software pricing compression; expect divergent sell‑side takes to continue. Read More.
• Neutral Sentiment: Marketplace/venture news — Atlassian Ventures invested in Riffle and a new app launched on the Atlassian Marketplace, supporting ecosystem growth but with limited near‑term revenue impact. Read More.
• Negative Sentiment: Some price‑target cuts and a neutral/tempered tone — UBS cut its target to $95 and moved to a neutral rating, which could weigh on upside expectations near term. Read More.
• Negative Sentiment: Other target resets — BMO and Piper Sandler lowered targets (BMO to $105, Piper Sandler to $175) even as some keep outperform/overweight stances; these mixed cuts reflect caution on medium‑term multiples despite the beat. Read More.

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.

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