Atlassian's (TEAM) "Sell (E+)" Rating Reaffirmed at Weiss Ratings

Key Points

• Atlassian's stock has been reaffirmed with a "sell (E+)" rating by Weiss Ratings, highlighting continuing concerns among analysts regarding its performance.
• Recent price targets from various firms show downward revisions, with Barclays and Mizuho lowering targets to $215.00 and $235.00, respectively, suggesting a cautious outlook for Atlassian.
• Despite these setbacks, Atlassian reported strong quarterly results, including a revenue growth of 22.3% year-over-year, indicating potential for future recovery.

Atlassian (NASDAQ:TEAM - Get Free Report)'s stock had its "sell (e+)" rating restated by equities researchers at Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

TEAM has been the subject of several other reports. Barclays dropped their price target on Atlassian from $244.00 to $215.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. KeyCorp decreased their price objective on Atlassian from $250.00 to $210.00 and set an "overweight" rating for the company in a research report on Thursday. Mizuho dropped their price objective on Atlassian from $265.00 to $235.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. Bank of America initiated coverage on Atlassian in a research note on Tuesday, September 23rd. They issued a "neutral" rating and a $200.00 price objective for the company. Finally, UBS Group dropped their price target on Atlassian from $215.00 to $185.00 and set a "neutral" rating for the company in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $245.26.

Atlassian Stock Down 1.4%

TEAM stock traded down $2.37 during trading on Friday, reaching $162.64. 1,976,851 shares of the company traded hands, compared to its average volume of 2,446,104. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market capitalization of $42.67 billion, a price-to-earnings ratio of -164.28 and a beta of 0.92. The business has a 50 day simple moving average of $164.57 and a 200 day simple moving average of $189.50. Atlassian has a 12 month low of $144.32 and a 12 month high of $326.00.

Atlassian (NASDAQ:TEAM - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The technology company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. The company had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.36 billion. Atlassian had a negative return on equity of 14.77% and a negative net margin of 4.92%.Atlassian's quarterly revenue was up 22.3% on a year-over-year basis. During the same period last year, the business earned $0.66 earnings per share. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, equities research analysts anticipate that Atlassian will post -0.34 earnings per share for the current fiscal year.

Insider Buying and Selling at Atlassian

In other news, Director Scott Farquhar sold 7,665 shares of the firm's stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $169.16, for a total value of $1,296,611.40. Following the sale, the director directly owned 367,920 shares of the company's stock, valued at approximately $62,237,347.20. This trade represents a 2.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the firm's stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $169.16, for a total transaction of $1,296,611.40. Following the transaction, the chief executive officer owned 367,920 shares of the company's stock, valued at approximately $62,237,347.20. This represents a 2.04% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 551,608 shares of company stock valued at $92,691,699. 36.66% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC grew its holdings in Atlassian by 96.9% during the 1st quarter. GAMMA Investing LLC now owns 571 shares of the technology company's stock worth $121,000 after acquiring an additional 281 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in Atlassian by 42.2% in the 1st 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. Oppenheimer & Co. Inc. lifted its position in Atlassian by 76.7% during the 1st quarter. Oppenheimer & Co. Inc. now owns 3,873 shares of the technology company's stock worth $822,000 after buying an additional 1,681 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in Atlassian by 5.5% during the 1st quarter. Asset Management One Co. Ltd. now owns 71,961 shares of the technology company's stock worth $15,271,000 after buying an additional 3,735 shares in the last quarter. Finally, Perigon Wealth Management LLC lifted its position in Atlassian by 115.8% during the 1st quarter. Perigon Wealth Management LLC now owns 8,176 shares of the technology company's stock worth $1,735,000 after buying an additional 4,387 shares in the last quarter. Institutional investors own 94.45% of the company's stock.

Atlassian Company Profile

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.

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