Atlassian (TEAM) – Research Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for Atlassian (NASDAQ: TEAM):

• 1/24/2025 – Atlassian had its price target raised by analysts at Jefferies Financial Group Inc. from $300.00 to $325.00. They now have a “buy” rating on the stock.
• 1/17/2025 – Atlassian is now covered by analysts at Cantor Fitzgerald. They set a “neutral” rating and a $264.00 price target on the stock.
• 1/17/2025 – Atlassian had its price target raised by analysts at Citigroup Inc. from $255.00 to $300.00. They now have a “buy” rating on the stock.
• 1/16/2025 – Atlassian had its price target raised by analysts at Morgan Stanley from $259.00 to $315.00. They now have an “overweight” rating on the stock.
• 1/16/2025 – Atlassian was upgraded by analysts at Cantor Fitzgerald to a “hold” rating. They now have a $264.00 price target on the stock.
• 1/10/2025 – Atlassian was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating. They now have a $292.00 price target on the stock, up previously from $255.00.
• 1/7/2025 – Atlassian was upgraded by analysts at Truist Financial Co. from a “hold” rating to a “buy” rating. They now have a $300.00 price target on the stock, up previously from $250.00.
• 1/6/2025 – Atlassian had its price target raised by analysts at Piper Sandler from $265.00 to $310.00. They now have an “overweight” rating on the stock.
• 1/6/2025 – Atlassian had its price target raised by analysts at Oppenheimer Holdings Inc. from $270.00 to $300.00. They now have an “outperform” rating on the stock.
• 12/20/2024 – Atlassian had its price target raised by analysts at Canaccord Genuity Group Inc. from $255.00 to $285.00. They now have a “buy” rating on the stock.
• 12/13/2024 – Atlassian had its price target raised by analysts at Mizuho from $240.00 to $285.00. They now have an “outperform” rating on the stock.
• 12/12/2024 – Atlassian is now covered by analysts at Macquarie. They set a “neutral” rating and a $290.00 price target on the stock.
• 12/12/2024 – Atlassian had its price target raised by analysts at Truist Financial Co. from $200.00 to $250.00. They now have a “hold” rating on the stock.
• 12/5/2024 – Atlassian had its price target raised by analysts at Wells Fargo & Company from $300.00 to $350.00. They now have an “overweight” rating on the stock.
• 12/5/2024 – Atlassian had its price target raised by analysts at KeyCorp from $260.00 to $315.00. They now have an “overweight” rating on the stock.

Atlassian Stock Down 1.5 %

NASDAQ TEAM traded down $4.07 during mid-day trading on Wednesday, hitting $270.64. The company’s stock had a trading volume of 546,269 shares, compared to its average volume of 1,679,005. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.96. The company’s 50 day simple moving average is $258.81 and its 200 day simple moving average is $206.31. Atlassian Co. has a twelve month low of $135.29 and a twelve month high of $287.97. The firm has a market capitalization of $70.48 billion, a price-to-earnings ratio of -178.05 and a beta of 0.83.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings data on Thursday, October 31st. The technology company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.13. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Atlassian had a negative return on equity of 23.35% and a negative net margin of 8.59%. The business’s revenue was up 21.5% on a year-over-year basis. During the same period last year, the business earned ($0.07) EPS. Analysts anticipate that Atlassian Co. will post -0.55 earnings per share for the current year.

Insider Transactions at Atlassian

In other news, CAO Gene Liu sold 1,024 shares of Atlassian stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $225.45, for a total value of $230,860.80. Following the completion of the transaction, the chief accounting officer now owns 59,168 shares in the company, valued at $13,339,425.60. This trade represents a 1.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Anutthara Bharadwaj sold 4,560 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $225.45, for a total value of $1,028,052.00. Following the sale, the president now owns 224,436 shares in the company, valued at approximately $50,599,096.20. This represents a 1.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 264,240 shares of company stock worth $66,529,872 in the last quarter. Insiders own 38.55% of the company’s stock.

Institutional Trading of Atlassian

A number of hedge funds and other institutional investors have recently made changes to their positions in TEAM. Point72 Asset Management L.P. grew its stake in Atlassian by 760.5% during the third quarter. Point72 Asset Management L.P. now owns 698,775 shares of the technology company’s stock valued at $110,972,000 after acquiring an additional 617,566 shares in the last quarter. Two Sigma Advisers LP grew its position in shares of Atlassian by 122.0% during the 3rd quarter. Two Sigma Advisers LP now owns 1,003,600 shares of the technology company’s stock valued at $159,382,000 after purchasing an additional 551,500 shares in the last quarter. Westfield Capital Management Co. LP bought a new stake in Atlassian during the third quarter valued at $57,149,000. Parnassus Investments LLC raised its holdings in shares of Atlassian by 322.9% in the 3rd quarter. Parnassus Investments LLC now owns 321,240 shares of the technology company’s stock valued at $51,016,000 after acquiring an additional 245,286 shares in the last quarter. Finally, PointState Capital LP bought a new stake in shares of Atlassian during the 3rd quarter valued at about $30,566,000. 94.45% of the stock is currently owned by institutional investors.

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.