Atlassian (NASDAQ:TEAM) Given New $105.00 Price Target at Bank of America

Atlassian (NASDAQ:TEAM) had its price target cut by investment analysts at Bank of America from $110.00 to $105.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the technology company’s stock. Bank of America‘s price target indicates a potential upside of 12.57% from the stock’s current price.

Several other research firms also recently commented on TEAM. Sanford C. Bernstein reissued an “outperform” rating on shares of Atlassian in a research note on Monday, June 29th. Cantor Fitzgerald lifted their target price on shares of Atlassian from $98.00 to $107.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Guggenheim set a $115.00 target price on shares of Atlassian in a report on Thursday, April 9th. Citigroup reduced their target price on shares of Atlassian from $160.00 to $110.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Finally, Wall Street Zen downgraded shares of Atlassian from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 30th. Twenty-one investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.50.

Atlassian Price Performance

Atlassian stock traded up $1.51 during trading on Thursday, reaching $93.28. The company had a trading volume of 1,425,600 shares, compared to its average volume of 6,479,540. The firm’s 50-day simple moving average is $88.70 and its 200 day simple moving average is $92.39. Atlassian has a 1-year low of $56.01 and a 1-year high of $206.00. The firm has a market capitalization of $23.67 billion, a PE ratio of -111.95, a price-to-earnings-growth ratio of 5.02 and a beta of 1.11. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.70 and a current ratio of 0.70.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings results on Thursday, April 30th. The technology company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.42. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.70 billion. Atlassian had a negative net margin of 3.50% and a positive return on equity of 6.22%. The company’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.97 EPS. As a group, equities research analysts anticipate that Atlassian will post 0.81 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO James Chuong sold 8,838 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $87.75, for a total transaction of $775,534.50. Following the sale, the chief financial officer directly owned 288,272 shares of the company’s stock, valued at $25,295,868. This represents a 2.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Brian Duffy sold 3,000 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $89.71, for a total value of $269,130.00. Following the transaction, the executive directly owned 227,691 shares of the company’s stock, valued at $20,426,159.61. The trade was a 1.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 20,041 shares of company stock valued at $1,801,069. 36.66% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Atlassian

A number of institutional investors and hedge funds have recently modified their holdings of the company. OFI Invest Asset Management boosted its stake in Atlassian by 16.3% in the 4th quarter. OFI Invest Asset Management now owns 254,551 shares of the technology company’s stock worth $41,273,000 after buying an additional 35,682 shares during the last quarter. Baillie Gifford & Co. boosted its holdings in shares of Atlassian by 3.9% in the 4th quarter. Baillie Gifford & Co. now owns 8,431,802 shares of the technology company’s stock valued at $1,367,132,000 after purchasing an additional 316,276 shares during the last quarter. Exane Asset Management increased its holdings in shares of Atlassian by 419.9% during the 4th quarter. Exane Asset Management now owns 31,363 shares of the technology company’s stock worth $5,085,000 after buying an additional 25,330 shares during the last quarter. Nicholas Company Inc. increased its stake in Atlassian by 8.7% during the fourth quarter. Nicholas Company Inc. now owns 306,819 shares of the technology company’s stock worth $49,748,000 after acquiring an additional 24,490 shares during the last quarter. Finally, Fisher Funds Management LTD increased its position in shares of Atlassian by 11.1% in the fourth quarter. Fisher Funds Management LTD now owns 334,011 shares of the technology company’s stock worth $54,440,000 after acquiring an additional 33,485 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

More Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Atlassian launched new AI-native Jira capabilities aimed at the full development workflow, including Teamwork Graph-powered agent workflows and integrations with Claude Code, Cursor, and GitHub Copilot. The update strengthens its position in AI-assisted software development and could support future growth. Atlassian (TEAM) Launches AI Native Jira Tools For The Full Development Workflow
• Positive Sentiment: Brokerages continue to view Atlassian favorably, with the stock carrying a consensus “Moderate Buy” rating, which can help support investor sentiment. Atlassian Corporation PLC (NASDAQ:TEAM) Given Consensus Rating of “Moderate Buy” by Brokerages
• Positive Sentiment: Atlassian announced that its Service Collection has surpassed $1 billion in annual recurring revenue, reinforcing the company’s momentum in cloud migration, enterprise adoption, and AI-driven expansion. TEAM’s Service Collection Tops $1B: Is Growth Set to Accelerate?
• Positive Sentiment: Gartner recognition and broader AI ecosystem partnerships, including SmartBear’s integrations with Atlassian tools, add credibility to Atlassian’s product stack and ecosystem relevance. Atlassian (TEAM) Gains On Gartner Recognition, Is The Stock Overvalued Or Undervalued?
• Neutral Sentiment: Atlassian also announced its fiscal Q4 and full-year 2026 earnings date for August 6, which keeps upcoming results in focus but does not itself change fundamentals. Atlassian Announces Date for Fourth Quarter and Fiscal Year 2026 Financial Results
• Neutral Sentiment: Reports about internal bonus and remote pay rule changes are more of an operational update than a direct stock catalyst. Atlassian shakes up staff bonuses, changes remote pay rules
• Negative Sentiment: Earlier concerns that enterprise software budgets may be under pressure after IBM’s warning remain a headwind for the sector and could limit upside for TEAM despite the company’s AI momentum. Atlassian, monday.com, and Agilysys Stocks Trade Down, What You Need To Know

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.