Cantor Fitzgerald Estimates Atlassian FY2026 Earnings

Atlassian Co. (NASDAQ:TEAM - Free Report) - Investment analysts at Cantor Fitzgerald issued their FY2026 earnings per share (EPS) estimates for shares of Atlassian in a research report issued to clients and investors on Monday, June 9th. Cantor Fitzgerald analyst T. Blakey expects that the technology company will earn ($0.08) per share for the year. Cantor Fitzgerald currently has a "Overweight" rating and a $272.00 price objective on the stock. The consensus estimate for Atlassian's current full-year earnings is ($0.34) per share.

A number of other research firms have also recently commented on TEAM. Morgan Stanley reduced their price objective on Atlassian from $370.00 to $320.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Canaccord Genuity Group decreased their price target on Atlassian from $300.00 to $255.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Barclays cut their target price on shares of Atlassian from $350.00 to $260.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. BMO Capital Markets decreased their price objective on Atlassian from $295.00 to $245.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Finally, Mizuho decreased their price objective on Atlassian from $325.00 to $290.00 and set an "outperform" rating on the stock in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $282.19.

Atlassian Stock Performance

NASDAQ TEAM traded down $2.18 during trading hours on Wednesday, hitting $199.32. The company's stock had a trading volume of 2,687,528 shares, compared to its average volume of 2,119,766. The company's 50 day simple moving average is $210.19 and its two-hundred day simple moving average is $243.79. Atlassian has a 12 month low of $135.29 and a 12 month high of $326.00. The company has a market cap of $52.32 billion, a P/E ratio of -148.75 and a beta of 0.96. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.24 and a quick ratio of 1.24.

Atlassian (NASDAQ:TEAM - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The technology company reported $0.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.04. The company had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.35 billion. Atlassian had a negative net margin of 7.22% and a negative return on equity of 17.37%. Atlassian's revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.89 EPS.

Insider Buying and Selling at Atlassian

In other news, CAO Gene Liu sold 541 shares of Atlassian stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $225.51, for a total transaction of $122,000.91. Following the completion of the transaction, the chief accounting officer now directly owns 51,481 shares of the company's stock, valued at $11,609,480.31. The trade was a 1.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Scott Farquhar sold 7,948 shares of the business's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $234.38, for a total transaction of $1,862,852.24. Following the completion of the transaction, the director now owns 39,740 shares of the company's stock, valued at approximately $9,314,261.20. This represents a 16.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 336,429 shares of company stock worth $71,774,377. 38.55% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP increased its stake in shares of Atlassian by 3.1% in the 4th quarter. Allworth Financial LP now owns 1,548 shares of the technology company's stock valued at $404,000 after purchasing an additional 47 shares in the last quarter. LPL Financial LLC increased its position in shares of Atlassian by 93.4% during the fourth quarter. LPL Financial LLC now owns 51,534 shares of the technology company's stock worth $12,542,000 after purchasing an additional 24,891 shares in the last quarter. Freestone Grove Partners LP purchased a new position in shares of Atlassian in the fourth quarter worth about $10,805,000. Shay Capital LLC acquired a new position in shares of Atlassian during the 4th quarter worth approximately $243,000. Finally, Empowered Funds LLC grew its holdings in Atlassian by 39.6% in the 4th quarter. Empowered Funds LLC now owns 3,361 shares of the technology company's stock valued at $818,000 after buying an additional 953 shares in the last quarter. Hedge funds and other 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.