Cowen and Company reissued their buy rating on shares of Atlassian Corporation PLC (NASDAQ:TEAM) in a report released on Friday morning. They currently have a $43.00 price objective on the technology company’s stock.

Other analysts have also issued research reports about the company. Jefferies Group LLC restated a buy rating and issued a $41.00 target price on shares of Atlassian Corporation PLC in a report on Friday, June 2nd. Zacks Investment Research upgraded Atlassian Corporation PLC from a hold rating to a buy rating and set a $41.00 target price for the company in a report on Friday, July 14th. Canaccord Genuity restated a buy rating and issued a $40.00 target price on shares of Atlassian Corporation PLC in a report on Friday, April 28th. BMO Capital Markets reaffirmed a hold rating and issued a $29.00 price target on shares of Atlassian Corporation PLC in a research note on Friday, April 21st. Finally, ValuEngine raised shares of Atlassian Corporation PLC from a sell rating to a hold rating in a research note on Friday, June 2nd. Five research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $38.73.

Shares of Atlassian Corporation PLC (TEAM) opened at 35.82 on Friday. Atlassian Corporation PLC has a 12 month low of $23.80 and a 12 month high of $39.25. The stock has a 50 day moving average price of $35.63 and a 200-day moving average price of $32.45. The stock’s market cap is $8.09 billion.

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Institutional investors have recently bought and sold shares of the company. Gilder Gagnon Howe & Co. LLC increased its position in Atlassian Corporation PLC by 10.5% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 558,069 shares of the technology company’s stock valued at $19,633,000 after buying an additional 52,872 shares during the last quarter. Daiwa Securities Group Inc. increased its position in Atlassian Corporation PLC by 39.4% in the second quarter. Daiwa Securities Group Inc. now owns 79,946 shares of the technology company’s stock valued at $2,813,000 after buying an additional 22,576 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Atlassian Corporation PLC during the second quarter valued at approximately $320,000. Russell Investments Group Ltd. increased its position in Atlassian Corporation PLC by 0.8% in the second quarter. Russell Investments Group Ltd. now owns 5,549 shares of the technology company’s stock valued at $196,000 after buying an additional 46 shares during the last quarter. Finally, Aperio Group LLC acquired a new position in Atlassian Corporation PLC during the second quarter valued at approximately $555,000. 81.61% of the stock is currently owned by hedge funds and other institutional investors.

Atlassian Corporation PLC Company Profile

Atlassian Corporation Plc is a holding company. The Company offers a range of team collaboration products. The Company offers products, including JIRA, Confluence, HipChat, Bitbucket and JIRA Service Desk, for software developers, information technology (IT) managers and knowledge workers. The Company offers JIRA for team planning and project management; Confluence for team content creation and sharing; HipChat for team real-time messaging and communications; Bitbucket for team code sharing and management, and JIRA Service Desk for team service and support applications.

Analyst Recommendations for Atlassian Corporation PLC (NASDAQ:TEAM)

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