Atlassian (NASDAQ:TEAM) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Atlassian (NASDAQ:TEAM) had its price target hoisted by analysts at Royal Bank Of Canada from $215.00 to $235.00 in a note issued to investors on Monday, MarketBeat.com reports. The firm currently has an “outperform” rating on the technology company’s stock. Royal Bank Of Canada’s target price would suggest a potential upside of 12.96% from the company’s previous close.

Several other equities research analysts also recently weighed in on TEAM. Guggenheim lifted their price objective on shares of Atlassian from $115.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Morgan Stanley upped their price objective on shares of Atlassian from $120.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Zacks Research cut shares of Atlassian from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Citigroup raised their target price on shares of Atlassian from $170.00 to $225.00 and gave the stock a “buy” rating in a research note on Tuesday, September 1st. Finally, Citizens Jmp reaffirmed a “market perform” rating on shares of Atlassian in a report on Wednesday, July 1st. Twenty-five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $194.15.

Atlassian Stock Up 0.1%

Atlassian stock opened at $208.04 on Monday. Atlassian has a twelve month low of $56.01 and a twelve month high of $214.77. The stock has a 50 day moving average of $179.66 and a two-hundred day moving average of $117.47. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $52.79 billion, a price-to-earnings ratio of 207.75, a PEG ratio of 16.33 and a beta of 1.22.

Atlassian (NASDAQ:TEAM) last announced its earnings results on Friday, August 7th. The technology company reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.37. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.66 billion. Atlassian had a positive return on equity of 20.99% and a negative net margin of 0.82%. The company’s revenue was up 27.6% on a year-over-year basis. During the same period last year, the business posted $0.98 EPS. As a group, research analysts expect that Atlassian will post 0.94 earnings per share for the current year.

Insider Activity

In related news, CFO James Chuong sold 9,054 shares of the company’s stock in a transaction 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 owned 279,218 shares of the company’s stock, valued at $48,151,144.10. This represents a 3.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Brian Duffy sold 1,851 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $172.45, for a total value of $319,204.95. Following the completion of the transaction, the executive owned 218,223 shares of the company’s stock, valued at $37,632,556.35. The trade was a 0.84% 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 22,475 shares of company stock valued at $3,822,643 in the last three months. 36.66% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Atlassian

Several institutional investors have recently made changes to their positions in the stock. Carmignac Gestion raised its position in shares of Atlassian by 115.8% during the 1st quarter. Carmignac Gestion now owns 2,603,770 shares of the technology company’s stock worth $177,707,000 after purchasing an additional 1,397,402 shares during the last quarter. KBC Group NV grew its holdings in Atlassian by 1,691.2% during the 1st quarter. KBC Group NV now owns 1,440,019 shares of the technology company’s stock valued at $98,281,000 after buying an additional 1,359,624 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in Atlassian by 27.4% during the 1st quarter. Pictet Asset Management Holding SA now owns 5,031,413 shares of the technology company’s stock valued at $343,344,000 after buying an additional 1,080,561 shares during the last quarter. SG Americas Securities LLC grew its holdings in Atlassian by 1,516.7% during the 1st quarter. SG Americas Securities LLC now owns 905,629 shares of the technology company’s stock valued at $61,809,000 after buying an additional 849,613 shares during the last quarter. Finally, First Trust Advisors LP increased its position in Atlassian by 48.4% during the first quarter. First Trust Advisors LP now owns 2,349,842 shares of the technology company’s stock worth $160,377,000 after buying an additional 766,922 shares in the last quarter. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

Key Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Royal Bank of Canada raised its price target for Atlassian from $215 to $235 and reiterated an “outperform” rating, implying continued upside and signaling confidence in the company’s growth prospects. Royal Bank of Canada Issues Positive Forecast for Atlassian Stock Price
• Positive Sentiment: Barclays also increased its price target, lifting it to $222 from $172. The upgrade supports the recent increase in TEAM shares, although the stock subsequently showed signs of cooling after reaching a 2026 high. Software Giant Looking to Cool Down After 2026 High
• Positive Sentiment: Atlassian’s leadership is emphasizing an AI strategy designed to have employees and software agents work together, potentially expanding automation opportunities across its collaboration and enterprise software products. Atlassian’s AI Strategy Aims to Get Humans and Agents Working Together
• Positive Sentiment: CEO commentary that Atlassian does not use Chinese AI models in production may reassure customers and investors concerned about data security, compliance, and geopolitical risks. Atlassian Does Not Use Chinese AI Models in Production
• Neutral Sentiment: TEAM has gained approximately 239% over six months, significantly outperforming broad-market benchmarks. The exceptional rally increases investor focus on execution and the company’s ability to convert AI investments into durable revenue and earnings growth. Can AI Deliver Enough to Justify Atlassian’s Valuation?
• Negative Sentiment: Chief Accounting Officer Gene Liu sold 337 shares for approximately $70,770. The transaction represented only 0.60% of his holdings, so it is a limited insider-selling signal, but it can add modest pressure to sentiment after the stock’s substantial advance. SEC Insider Trading Filing

About Atlassian

Atlassian Corporation develops collaboration, productivity and workflow-management software for technology, business and enterprise teams. Its products are designed to help organizations plan projects, manage software development, document and share knowledge, provide IT and customer support, and coordinate work across distributed teams.

Its product portfolio includes Jira for project and issue management, Confluence for team collaboration and knowledge sharing, Jira Service Management for IT service and support operations, and Trello for organizing tasks and projects.