Atlassian Co. (NASDAQ:TEAM - Free Report) - Investment analysts at Zacks Research upped their FY2025 earnings per share (EPS) estimates for Atlassian in a research note issued to investors on Wednesday, May 21st. Zacks Research analyst R. Department now forecasts that the technology company will post earnings per share of ($0.24) 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.
Atlassian (NASDAQ:TEAM - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The technology company reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.04. The company had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.35 billion. Atlassian had a negative return on equity of 17.37% and a negative net margin of 7.22%. The business's revenue was up 14.1% on a year-over-year basis. During the same period last year, the business earned $0.89 earnings per share.
Other analysts have also issued reports about the company. Raymond James restated an "outperform" rating and issued a $300.00 target price (down from $330.00) on shares of Atlassian in a research note on Friday, May 2nd. Wells Fargo & Company lowered their target price on Atlassian from $330.00 to $315.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Piper Sandler restated an "overweight" rating and issued a $300.00 target price (down from $365.00) on shares of Atlassian in a research note on Friday, May 2nd. BMO Capital Markets lowered their target price on Atlassian from $295.00 to $245.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Finally, Baird R W upgraded Atlassian from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. Five analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $285.29.
Read Our Latest Research Report on Atlassian
Atlassian Price Performance
Shares of NASDAQ TEAM traded up $1.95 during midday trading on Monday, reaching $213.03. 1,585,815 shares of the company traded hands, compared to its average volume of 2,111,668. The firm has a market cap of $55.92 billion, a PE ratio of -158.98 and a beta of 1.06. The stock's 50-day simple moving average is $212.07 and its 200-day simple moving average is $246.64. Atlassian has a 12 month low of $135.29 and a 12 month high of $326.00. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.24 and a current ratio of 1.24.
Insider Buying and Selling
In other Atlassian news, Director Scott Farquhar sold 7,948 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $278.61, for a total transaction of $2,214,392.28. Following the transaction, the director now owns 166,908 shares in the company, valued at approximately $46,502,237.88. This trade represents a 4.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Gene Liu sold 121 shares of the firm's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $214.88, for a total value of $26,000.48. Following the transaction, the chief accounting officer now owns 51,360 shares in the company, valued at approximately $11,036,236.80. This trade represents a 0.24% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 302,951 shares of company stock worth $65,803,565 over the last three months. 38.55% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Atlassian
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Atlassian by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 16,993,537 shares of the technology company's stock valued at $3,606,198,000 after purchasing an additional 580,583 shares in the last quarter. Baillie Gifford & Co. lifted its holdings in shares of Atlassian by 7.1% during the 1st quarter. Baillie Gifford & Co. now owns 8,694,755 shares of the technology company's stock valued at $1,845,114,000 after purchasing an additional 573,696 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Atlassian by 72.9% during the 4th quarter. JPMorgan Chase & Co. now owns 4,284,400 shares of the technology company's stock valued at $1,042,737,000 after purchasing an additional 1,806,042 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Atlassian by 21.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,440,813 shares of the technology company's stock valued at $730,175,000 after purchasing an additional 616,071 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Atlassian by 265.9% during the 4th quarter. Invesco Ltd. now owns 2,445,440 shares of the technology company's stock valued at $595,171,000 after purchasing an additional 1,777,179 shares in the last quarter. Institutional investors own 94.45% of the company's stock.
About Atlassian
(
Get Free Report)
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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