What is Zacks Research's Estimate for Atlassian Q4 Earnings?

Atlassian Co. (NASDAQ:TEAM - Free Report) - Equities researchers at Zacks Research reduced their Q4 2026 earnings per share (EPS) estimates for Atlassian in a note issued to investors on Wednesday, May 21st. Zacks Research analyst R. Department now forecasts that the technology company will post earnings of ($0.01) per share for the quarter, down from their previous estimate of $0.03. The consensus estimate for Atlassian's current full-year earnings is ($0.34) per share.

Atlassian (NASDAQ:TEAM - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The technology company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.93 by $0.04. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 14.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.89 earnings per share.

Other research analysts also recently issued research reports about the stock. Stephens dropped their target price on shares of Atlassian from $255.00 to $221.00 and set an "equal weight" rating for the company in a report on Friday, May 2nd. Piper Sandler reiterated an "overweight" rating and set a $300.00 target price (down previously from $365.00) on shares of Atlassian in a research report on Friday, May 2nd. Wells Fargo & Company decreased their target price on Atlassian from $330.00 to $315.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Wall Street Zen downgraded Atlassian from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, The Goldman Sachs Group lifted their price objective on shares of Atlassian from $245.00 to $370.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Atlassian currently has a consensus rating of "Moderate Buy" and a consensus price target of $285.29.

Atlassian Price Performance

NASDAQ:TEAM traded up $2.10 during trading hours on Friday, hitting $213.18. 698,735 shares of the stock traded hands, compared to its average volume of 2,108,310. The company has a market cap of $55.96 billion, a price-to-earnings ratio of -159.13 and a beta of 1.06. Atlassian has a 1 year low of $135.29 and a 1 year high of $326.00. The stock has a 50 day moving average price of $212.07 and a 200 day moving average price of $246.64. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.81.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TEAM. Allworth Financial LP boosted its holdings in Atlassian by 3.1% during the 4th quarter. Allworth Financial LP now owns 1,548 shares of the technology company's stock valued at $404,000 after acquiring an additional 47 shares during the period. Slow Capital Inc. lifted its holdings in Atlassian by 2.9% during the 4th quarter. Slow Capital Inc. now owns 33,879 shares of the technology company's stock valued at $8,245,000 after buying an additional 959 shares in the last quarter. SYM FINANCIAL Corp purchased a new stake in Atlassian in the 4th quarter valued at about $230,000. LPL Financial LLC grew its stake in Atlassian by 93.4% in the 4th quarter. LPL Financial LLC now owns 51,534 shares of the technology company's stock worth $12,542,000 after acquiring an additional 24,891 shares in the last quarter. Finally, Avior Wealth Management LLC increased its position in shares of Atlassian by 66.8% during the fourth quarter. Avior Wealth Management LLC now owns 507 shares of the technology company's stock worth $123,000 after acquiring an additional 203 shares during the period. Institutional investors own 94.45% of the company's stock.

Insider Transactions at Atlassian

In related news, Director Scott Farquhar sold 7,948 shares of the firm's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $185.61, for a total value of $1,475,228.28. Following the completion of the sale, the director now directly owns 333,816 shares in the company, valued at $61,959,587.76. This trade represents a 2.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Anutthara Bharadwaj sold 1,731 shares of the business's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $214.87, for a total transaction of $371,939.97. Following the transaction, the president now owns 190,529 shares in the company, valued at $40,938,966.23. This trade represents a 0.90% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 287,055 shares of company stock worth $62,452,529. 38.55% of the stock is currently owned by company insiders.

About Atlassian

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.