Brokerages Set Atlassian Corporation PLC (NASDAQ:TEAM) Price Target at $183.81

Shares of Atlassian Corporation PLC (NASDAQ:TEAM) have earned an average rating of “Moderate Buy” from the thirty ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and twenty-five have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $183.8148.

Several analysts have recently commented on TEAM shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $126.00 price objective on shares of Atlassian in a research note on Monday, August 3rd. Robert W. Baird set a $200.00 target price on Atlassian in a research report on Friday, August 7th. Citizens Jmp reiterated a “market perform” rating on shares of Atlassian in a report on Wednesday, July 1st. Morgan Stanley raised their price objective on Atlassian from $120.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Finally, Wells Fargo & Company lifted their price objective on shares of Atlassian from $140.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday, August 7th.

Atlassian News Roundup

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: BTIG raised its price target to $230 from $180 and upgraded Atlassian to “buy,” implying further upside from the referenced price. The firm’s view supports continued confidence in Atlassian’s growth prospects. BTIG Atlassian price target report
• Positive Sentiment: Brokerages collectively assign Atlassian an average “moderate buy” rating, indicating that analysts remain broadly constructive despite the stock’s sharp advance. Atlassian moderate buy rating
• Positive Sentiment: Software stocks, including Atlassian, benefited from renewed sector momentum after Treasury yields pulled back and Snowflake reported strong second-quarter results. Lower yields can support high-growth technology valuations. Software stocks gain on lower yields and Snowflake results
• Neutral Sentiment: Komatsu and the Atlassian Williams F1 Team extended their global partnership beyond 2026, expanding technical collaboration, engineering initiatives and talent development. The agreement reinforces brand visibility but is unlikely to materially change near-term financial results. Komatsu and Atlassian Williams F1 partnership renewal
• Neutral Sentiment: Options-market activity has drawn attention, with reports suggesting traders may be positioning for a notable move in TEAM. However, the available reports do not establish whether the activity is bullish or bearish. Atlassian options activity
• Negative Sentiment: Atlassian’s roughly 85% three-month surge has raised profit-taking concerns. Analysts highlighted rising AI-related costs and a premium valuation, leaving the stock vulnerable if growth does not accelerate enough to justify its price. Atlassian stock surge and valuation risks
• Negative Sentiment: A sharp rise in Treasury yields and higher crude oil prices renewed inflation concerns, pressuring software and other growth stocks. This broader macro backdrop likely contributed to Atlassian’s recent decrease. Software stocks fall on higher yields and oil prices

Atlassian Price Performance

Shares of NASDAQ TEAM opened at $189.58 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.78 and a quick ratio of 0.78. The company has a 50-day moving average price of $126.01 and a 200-day moving average price of $95.69. The stock has a market capitalization of $48.11 billion, a P/E ratio of -997.79, a P/E/G ratio of 14.90 and a beta of 1.15. Atlassian has a 1 year low of $56.01 and a 1 year high of $198.60.

Atlassian (NASDAQ:TEAM) last posted its earnings results on Friday, August 7th. The technology company reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.37. Atlassian had a negative net margin of 0.82% and a positive return on equity of 20.99%. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the prior year, the business posted $0.98 EPS. The firm’s revenue was up 27.6% compared to the same quarter last year. On average, equities research analysts forecast that Atlassian will post 0.94 EPS for the current fiscal year.

Insider Activity

In other Atlassian news, CRO Brian Duffy sold 1,851 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $172.45, for a total value of $319,204.95. Following the completion of the sale, the executive owned 218,223 shares in the company, valued at approximately $37,632,556.35. This trade represents a 0.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO James Chuong sold 9,054 shares of Atlassian stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $172.45, for a total transaction of $1,561,362.30. Following the transaction, the chief financial officer directly owned 279,218 shares in the company, valued at approximately $48,151,144.10. This represents a 3.14% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 29,837 shares of company stock worth $4,455,018 over the last quarter. Insiders own 36.66% of the company’s stock.

Institutional Trading of Atlassian

Institutional investors and hedge funds have recently modified their holdings of the business. Parkside Financial Bank & Trust lifted its holdings in Atlassian by 548.8% during the second quarter. Parkside Financial Bank & Trust now owns 785 shares of the technology company’s stock worth $61,000 after acquiring an additional 664 shares during the period. Corient Private Wealth LP grew its stake in Atlassian by 50.6% in the 2nd quarter. Corient Private Wealth LP now owns 24,745 shares of the technology company’s stock valued at $1,925,000 after purchasing an additional 8,315 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Atlassian in the 2nd quarter valued at $11,584,000. California State Teachers Retirement System increased its position in shares of Atlassian by 7,498.4% during the 2nd quarter. California State Teachers Retirement System now owns 17,767,858 shares of the technology company’s stock valued at $1,382,162,000 after purchasing an additional 17,534,021 shares during the last quarter. Finally, Wedmont Private Capital purchased a new stake in shares of Atlassian during the 2nd quarter valued at $178,000. 94.45% of the stock is owned by hedge funds and other institutional investors.

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.