Capital One Financial Cuts Earnings Estimates for Atlassian

Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) - Research analysts at Capital One Financial reduced their FY2026 earnings per share (EPS) estimates for Atlassian in a report released on Tuesday, July 15th. Capital One Financial analyst C. Murphy now forecasts that the technology company will earn $0.06 per share for the year, down from their previous estimate of $0.12. Capital One Financial has a "Equal Weight" rating and a $211.00 price target on the stock. The consensus estimate for Atlassian's current full-year earnings is ($0.34) per share. Capital One Financial also issued estimates for Atlassian's FY2026 earnings at $0.06 EPS.

A number of other equities analysts also recently weighed in on TEAM. Wells Fargo & Company lowered their price target on Atlassian from $330.00 to $315.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Cantor Fitzgerald upgraded Atlassian from a "neutral" rating to an "overweight" rating and lowered their target price for the stock from $304.00 to $272.00 in a research note on Wednesday, April 2nd. Canaccord Genuity Group lowered their target price on Atlassian from $300.00 to $255.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Jefferies Financial Group reduced their price target on Atlassian from $330.00 to $262.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Finally, Raymond James Financial reissued an "outperform" rating and set a $300.00 target price (down from $330.00) on shares of Atlassian in a report on Friday, May 2nd. Five analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Atlassian currently has a consensus rating of "Moderate Buy" and a consensus target price of $279.81.

Atlassian Stock Up 0.9%

TEAM traded up $1.77 on Friday, hitting $192.39. 255,797 shares of the company were exchanged, compared to its average volume of 2,191,145. Atlassian has a 12 month low of $135.29 and a 12 month high of $326.00. The company has a market cap of $50.50 billion, a PE ratio of -115.92 and a beta of 0.94. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.26 and a current ratio of 1.26. The stock's fifty day moving average is $206.58 and its 200-day moving average is $232.29.

Atlassian (NASDAQ:TEAM - Get Free Report) last released its earnings results on Thursday, May 1st. The technology company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.04. Atlassian had a negative return on equity of 23.41% and a negative net margin of 8.66%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the prior year, the company posted $0.89 earnings per share. Atlassian's revenue was up 14.1% on a year-over-year basis.

Institutional Trading of Atlassian

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Atlassian by 3.5% in the first quarter. Vanguard Group Inc. now owns 16,993,537 shares of the technology company's stock valued at $3,606,198,000 after buying an additional 580,583 shares during the period. Baillie Gifford & Co. boosted its holdings in shares of Atlassian by 7.1% in the first quarter. Baillie Gifford & Co. now owns 8,694,755 shares of the technology company's stock worth $1,845,114,000 after acquiring an additional 573,696 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Atlassian by 72.9% in the fourth quarter. JPMorgan Chase & Co. now owns 4,284,400 shares of the technology company's stock worth $1,042,737,000 after acquiring an additional 1,806,042 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Atlassian by 21.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,440,813 shares of the technology company's stock worth $730,175,000 after acquiring an additional 616,071 shares during the period. Finally, Voya Investment Management LLC boosted its holdings in shares of Atlassian by 24.1% in the first quarter. Voya Investment Management LLC now owns 2,695,889 shares of the technology company's stock worth $571,894,000 after acquiring an additional 523,035 shares during the period. 94.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Atlassian

In related news, CEO Michael Cannon-Brookes sold 7,948 shares of Atlassian stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $222.47, for a total transaction of $1,768,191.56. Following the transaction, the chief executive officer owned 143,064 shares of the company's stock, valued at $31,827,448.08. The trade was a 5.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Scott Farquhar sold 7,948 shares of Atlassian stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $206.80, for a total value of $1,643,646.40. Following the transaction, the director directly owned 174,856 shares in the company, valued at approximately $36,160,220.80. The trade was a 4.35% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 447,725 shares of company stock worth $93,163,341. 38.55% of the stock is owned by insiders.

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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