Atlassian (NASDAQ:TEAM) Shares Up 9.7% – Here’s What Happened

Atlassian Corporation PLC (NASDAQ:TEAM) rose 9.7% during mid-day trading on Thursday . The company traded as high as $78.59 and last traded at $80.2590. Approximately 1,284,624 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 6,214,059 shares. The stock had previously closed at $73.19.

Key Stories Impacting Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Atlassian launched an open beta for AI agents embedded in Jira, enabling both Atlassian and third‑party agent integrations that tie into broader protocols (Model Context Protocol). This extends agentic AI deeper into core products and could increase product stickiness and long‑term revenue growth. Atlassian AI Agents In Jira Test Investor Hopes For Workflow Adoption
• Positive Sentiment: Market reaction: earlier reports noted a sharp intraday jump after the agents announcement, showing investors are rewarding visible AI product progress. That rally indicates strong investor appetite for AI-driven workflow enhancements. Why Is Atlassian (TEAM) Stock Soaring Today
• Positive Sentiment: Analyst sentiment remains largely bullish — coverage highlights resilient fundamentals and an analyst consensus target materially above current levels, supporting upside expectations if execution on AI and product monetization continues. Atlassian (TEAM)’s Strong Fundamentals Retains Analyst Confidence
• Neutral Sentiment: Brand and marketing activity — Atlassian’s continued visibility through sponsorships and partnerships (Williams F1 fan zone, M&S travel kit partner) supports brand reach but has limited near‑term revenue impact. Atlassian Williams F1 Team Fan Zone presented by Kraken kicks off the season in Melbourne
• Neutral Sentiment: Published short‑interest figures in the feed appear to show zero shares and no short‑interest ratio — this looks like erroneous or incomplete data and shouldn’t be treated as a meaningful signal without confirmation from official exchanges. (No linked source — flagged in feeds.)
• Negative Sentiment: Pomerantz announced an investor investigation into Atlassian, which introduces legal overhang and potential headline risk; such probes can pressure sentiment until resolved. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf Of Investors of Atlassian Corporation – TEAM

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Robert W. Baird set a $140.00 price target on Atlassian in a research report on Friday, February 6th. Jefferies Financial Group set a $150.00 target price on shares of Atlassian in a report on Friday, February 6th. Morgan Stanley cut their price target on shares of Atlassian from $320.00 to $290.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. Macquarie Infrastructure reduced their price target on shares of Atlassian from $250.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, November 3rd. Finally, Wells Fargo & Company lowered their price objective on shares of Atlassian from $216.00 to $155.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Twenty analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $189.32.

Atlassian Stock Performance

The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $19.81 billion, a PE ratio of -104.35, a PEG ratio of 66.30 and a beta of 0.88. The firm’s fifty day moving average price is $120.94 and its 200 day moving average price is $147.23.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings data on Thursday, February 5th. The technology company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.10. Atlassian had a negative return on equity of 6.33% and a negative net margin of 3.29%.The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter last year, the firm earned $0.96 earnings per share. The business’s revenue for the quarter was up 23.3% on a year-over-year basis. On average, research analysts anticipate that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Scott Farquhar sold 7,665 shares of the stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $161.79, for a total transaction of $1,240,120.35. Following the transaction, the director owned 99,645 shares in the company, valued at $16,121,564.55. This represents a 7.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the firm’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $161.79, for a total transaction of $1,240,120.35. Following the transaction, the chief executive officer owned 107,310 shares in the company, valued at $17,361,684.90. This represents a 6.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 420,451 shares of company stock worth $60,453,896 in the last 90 days. 36.66% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Atlassian

Several hedge funds have recently bought and sold shares of TEAM. Capco Asset Management LLC bought a new stake in shares of Atlassian during the 2nd quarter worth about $25,000. MV Capital Management Inc. acquired a new stake in Atlassian in the 4th quarter worth approximately $25,000. Physician Wealth Advisors Inc. boosted its position in Atlassian by 60.4% during the third quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock worth $26,000 after purchasing an additional 61 shares during the period. Atlantic Union Bankshares Corp grew its stake in Atlassian by 19,900.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company’s stock valued at $32,000 after buying an additional 199 shares during the last quarter. Finally, Board of the Pension Protection Fund acquired a new stake in shares of Atlassian in the fourth quarter valued at about $32,000. 94.45% of the stock is owned by institutional investors and hedge funds.

Atlassian Company Profile

Atlassian Corporation Plc is a software company headquartered in Sydney, Australia, best known for developing collaboration, project management and software development tools. Founded in 2002 by Mike Cannon-Brookes and Scott Farquhar, Atlassian grew from a small engineering-focused team into a publicly traded company after its initial public offering in 2015. The company serves a global customer base that spans small teams to large enterprises across technology, financial services, government and other sectors.

Atlassian’s product portfolio centers on tools designed to help teams plan, build and support software and business processes.