Atlassian Corporation PLC (NASDAQ:TEAM) Receives $235.38 Average PT from Brokerages

Atlassian Corporation PLC (NASDAQ:TEAM) has earned a consensus recommendation of “Moderate Buy” from the thirty research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-one have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $235.3846.

A number of equities analysts have commented on the stock. Zacks Research upgraded shares of Atlassian from a “strong sell” rating to a “hold” rating in a research report on Monday, November 3rd. Wells Fargo & Company started coverage on shares of Atlassian in a research note on Tuesday, September 30th. They set an “overweight” rating and a $216.00 price target on the stock. Sanford C. Bernstein raised their price objective on shares of Atlassian from $290.00 to $304.00 and gave the company an “outperform” rating in a research report on Tuesday, November 18th. KeyCorp dropped their target price on Atlassian from $250.00 to $210.00 and set an “overweight” rating on the stock in a research report on Thursday, October 23rd. Finally, BTIG Research reissued a “buy” rating and set a $220.00 target price on shares of Atlassian in a research note on Tuesday, January 13th.

Insiders Place Their Bets

In other news, Director Scott Farquhar sold 7,665 shares of the company’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $167.61, for a total transaction of $1,284,730.65. Following the transaction, the director directly owned 314,265 shares of the company’s stock, valued at $52,673,956.65. This represents a 2.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the firm’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $167.61, for a total transaction of $1,284,730.65. Following the completion of the sale, the chief executive officer owned 314,265 shares of the company’s stock, valued at $52,673,956.65. This trade represents a 2.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 566,379 shares of company stock worth $86,964,840. 36.66% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TEAM. DNB Asset Management AS lifted its position in shares of Atlassian by 266.6% during the 3rd quarter. DNB Asset Management AS now owns 2,806,888 shares of the technology company’s stock valued at $448,260,000 after acquiring an additional 2,041,210 shares during the period. Norges Bank purchased a new position in Atlassian in the 2nd quarter valued at approximately $377,794,000. Artisan Partners Limited Partnership raised its holdings in Atlassian by 66.3% during the second quarter. Artisan Partners Limited Partnership now owns 3,878,133 shares of the technology company’s stock worth $787,610,000 after purchasing an additional 1,545,546 shares during the last quarter. Vanguard Group Inc. boosted its position in Atlassian by 6.0% during the third quarter. Vanguard Group Inc. now owns 18,479,561 shares of the technology company’s stock worth $2,951,186,000 after purchasing an additional 1,049,483 shares in the last quarter. Finally, Voyager Global Management LP grew its holdings in Atlassian by 181.8% in the third quarter. Voyager Global Management LP now owns 1,550,000 shares of the technology company’s stock valued at $247,535,000 after purchasing an additional 1,000,000 shares during the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Atlassian News Summary

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Atlassian exec Shamik Sharma outlines an AI “ticketless” vision that could streamline service workflows and help drive product differentiation and enterprise adoption. Ticketless Future with AI
• Positive Sentiment: Event coverage from Atlassian’s Team on Tour (Bengaluru) highlights AI features positioning the product as a teammate for users — a narrative that supports upside if adoption accelerates. When AI becomes a teammate
• Positive Sentiment: MarketBeat argues TEAM is deeply oversold ahead of earnings, notes several buy/Outperform reiterations (Mizuho, Citi, Piper Sandler, BTIG) and says fundamentals/revenue trends still look solid — a potential catalyst if Atlassian again beats estimates. Atlassian Has Been Crushed—But the Setup Into Earnings Is Shifting
• Neutral Sentiment: Brokerage consensus remains “Moderate Buy” by count, reflecting mixed analyst views even as some firms lower targets but keep positive ratings. This keeps the stock tethered to next earnings and guidance. Consensus Recommendation: Moderate Buy
• Neutral Sentiment: Valuation pieces note short‑term pain from AI concern noise and Data Center/cloud pricing changes; these analyses assess whether the sell‑off already prices in slower growth or overstates disruption risk. Assessing Atlassian Valuation
• Negative Sentiment: Mizuho and TD Cowen have signaled more cautious views recently — Mizuho (per some reports) trimmed forecasts/targets and TD Cowen cut its target and moved to Hold — reducing near‑term upside expectations. Mizuho Issues Pessimistic Forecast
• Negative Sentiment: Analyst downgrades and note-driven skepticism have pushed TEAM to new multi‑year/52‑week lows in recent sessions, which can trigger additional selling and margin pressure ahead of a definitive rebound. Hits New 52-Week Low After Analyst Downgrade
• Negative Sentiment: Founder/director insider sales (Scott Farquhar and others) — repeated small sells in January — have been disclosed and some investors view these as a negative signal even though founders retain large stakes. Scott Farquhar Sells Shares

Atlassian Trading Up 2.6%

Shares of TEAM stock opened at $131.75 on Thursday. The company has a market capitalization of $34.66 billion, a P/E ratio of -185.56, a price-to-earnings-growth ratio of 20.40 and a beta of 0.88. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.72. The business’s 50 day moving average is $150.71 and its two-hundred day moving average is $163.73. Atlassian has a twelve month low of $115.53 and a twelve month high of $326.00.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings results on Thursday, October 30th. The technology company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.83 by $0.21. Atlassian had a negative return on equity of 7.11% and a negative net margin of 3.38%.The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the prior year, the business earned $0.77 earnings per share. The company’s quarterly revenue was up 20.6% compared to the same quarter last year. Equities analysts forecast that Atlassian will post -0.34 EPS for the current year.

About Atlassian

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.