FY2025 EPS Estimates for Atlassian Lifted by Zacks Research

Atlassian Co. (NASDAQ:TEAM - Free Report) - Analysts at Zacks Research increased their FY2025 earnings per share estimates for Atlassian in a research note issued on Wednesday, May 21st. Zacks Research analyst R. Department now forecasts that the technology company will post earnings of ($0.24) per share for the year, up from their prior estimate of ($0.26). The consensus estimate for Atlassian's current full-year earnings is ($0.34) per share. Zacks Research also issued estimates for Atlassian's Q4 2025 earnings at ($0.12) EPS, Q1 2026 earnings at ($0.12) EPS, Q2 2026 earnings at ($0.06) EPS, Q3 2026 earnings at ($0.03) EPS, FY2026 earnings at ($0.22) EPS, Q2 2027 earnings at $0.09 EPS, Q3 2027 earnings at $0.12 EPS and FY2027 earnings at $0.38 EPS.

TEAM has been the topic of several other research reports. JMP Securities reaffirmed a "market perform" rating on shares of Atlassian in a research note on Friday, January 31st. Macquarie cut their price objective on shares of Atlassian from $270.00 to $250.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. The Goldman Sachs Group boosted their price target on shares of Atlassian from $245.00 to $370.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Truist Financial dropped their price target on shares of Atlassian from $350.00 to $300.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Finally, Scotiabank boosted their price target on shares of Atlassian from $250.00 to $330.00 and gave the stock a "sector perform" rating in a research report on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $285.29.

Atlassian Stock Performance

NASDAQ:TEAM traded up $4.26 during mid-day trading on Monday, hitting $211.08. The stock had a trading volume of 1,694,528 shares, compared to its average volume of 2,113,771. The stock has a market capitalization of $55.41 billion, a price-to-earnings ratio of -157.52 and a beta of 1.06. The company has a 50 day simple moving average of $212.07 and a 200-day simple moving average of $246.64. Atlassian has a 52 week low of $135.29 and a 52 week high of $326.00. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.81.

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 for the quarter, topping analysts' consensus estimates of $0.93 by $0.04. Atlassian had a negative net margin of 7.22% and a negative return on equity of 17.37%. The firm had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.35 billion. The firm's revenue was up 14.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.89 EPS.

Insider Buying and Selling

In related news, Director Scott Farquhar sold 7,948 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $289.77, for a total value of $2,303,091.96. Following the transaction, the director now directly owns 182,804 shares in the company, valued at approximately $52,971,115.08. This represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Anutthara Bharadwaj sold 7,674 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $225.51, for a total value of $1,730,563.74. Following the sale, the president now directly owns 192,260 shares in the company, valued at approximately $43,356,552.60. This trade represents a 3.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 295,003 shares of company stock valued at $64,755,621. 38.55% of the stock is owned by insiders.

Institutional Trading of Atlassian

Large investors have recently bought and sold shares of the business. Clean Yield Group boosted its holdings in shares of Atlassian by 372.0% during the 1st quarter. Clean Yield Group now owns 118 shares of the technology company's stock valued at $25,000 after acquiring an additional 93 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Atlassian during the fourth quarter valued at about $27,000. Colonial Trust Co SC boosted its stake in shares of Atlassian by 100.0% during the fourth quarter. Colonial Trust Co SC now owns 138 shares of the technology company's stock valued at $34,000 after purchasing an additional 69 shares in the last quarter. Smithfield Trust Co boosted its stake in shares of Atlassian by 90.7% during the first quarter. Smithfield Trust Co now owns 164 shares of the technology company's stock valued at $34,000 after purchasing an additional 78 shares in the last quarter. Finally, Summit Securities Group LLC acquired a new stake in shares of Atlassian during the fourth quarter valued at about $38,000. 94.45% of the stock is owned by institutional investors and hedge funds.

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.