Analysts Set Atlassian Corporation PLC (NASDAQ:TEAM) Price Target at $255.45

Atlassian Corporation PLC (NASDAQ:TEAM) has received a consensus rating of “Moderate Buy” from the twenty-seven analysts that are presently covering the stock, Marketbeat.com reports. Seven equities research 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. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $253.0435.

A number of brokerages have recently commented on TEAM. Wall Street Zen upgraded Atlassian from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Guggenheim started coverage on shares of Atlassian in a research report on Thursday, September 11th. They set a “buy” rating and a $225.00 target price on the stock. Stephens reduced their price target on shares of Atlassian from $221.00 to $202.00 and set an “equal weight” rating for the company in a report on Monday, August 11th. Bank of America assumed coverage on shares of Atlassian in a research report on Tuesday. They issued a “neutral” rating and a $200.00 price target on the stock. Finally, Citigroup cut their price objective on shares of Atlassian from $300.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, August 18th.

Insider Buying and Selling at Atlassian

In other Atlassian news, Director Scott Farquhar sold 7,665 shares of the firm’s stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $192.64, for a total value of $1,476,585.60. Following the completion of the sale, the director owned 429,240 shares in the company, valued at approximately $82,688,793.60. This trade represents a 1.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $192.06, for a total value of $1,472,139.90. Following the sale, the chief executive officer directly owned 421,575 shares in the company, valued at $80,967,694.50. The trade was a 1.79% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 536,278 shares of company stock valued at $98,195,169 in the last quarter. Corporate insiders own 38.55% of the company’s stock.

Institutional Investors Weigh In On Atlassian

Several institutional investors and hedge funds have recently bought and sold shares of the business. Clean Yield Group boosted its position 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. Capco Asset Management LLC bought a new position in Atlassian during the second quarter worth about $25,000. Smithfield Trust Co boosted its holdings in 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. Geneos Wealth Management Inc. grew its stake in shares of Atlassian by 447.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock valued at $42,000 after purchasing an additional 161 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Atlassian by 82.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 243 shares of the technology company’s stock valued at $52,000 after purchasing an additional 110 shares during the period. Institutional investors own 94.45% of the company’s stock.

Atlassian Stock Down 0.9%

TEAM stock opened at $162.42 on Friday. The stock has a market capitalization of $42.61 billion, a price-to-earnings ratio of -164.06 and a beta of 0.95. The company has a 50-day moving average of $176.68 and a two-hundred day moving average of $198.22. Atlassian has a 52-week low of $155.37 and a 52-week high of $326.00. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.22 and a quick ratio of 1.22.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.15. Atlassian had a negative return on equity of 14.77% and a negative net margin of 4.92%.The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the previous year, the firm earned $0.66 EPS. The firm’s revenue was up 22.3% compared to the same quarter last year. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, equities research analysts anticipate that Atlassian will post -0.34 EPS for the current year.

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.