Brokerages Set Atlassian Corporation PLC (NASDAQ:TEAM) Price Target at $185.12

Shares of Atlassian Corporation PLC (NASDAQ:TEAM) have earned an average recommendation of “Moderate Buy” from the twenty-nine brokerages that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and twenty-two have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $180.4815.

A number of analysts have recently weighed in on TEAM shares. Robert W. Baird set a $140.00 target price on Atlassian in a research report on Friday, February 6th. Sanford C. Bernstein boosted their price target on Atlassian from $290.00 to $304.00 and gave the company an “outperform” rating in a research note on Tuesday, November 18th. Citigroup cut their price objective on shares of Atlassian from $210.00 to $160.00 and set a “buy” rating for the company in a research report on Monday, February 9th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Atlassian in a research note on Wednesday, January 21st. Finally, Wall Street Zen lowered shares of Atlassian from a “buy” rating to a “hold” rating in a report on Sunday.

Insider Buying and Selling

In other Atlassian news, CEO Michael Cannon-Brookes sold 7,665 shares of the firm’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $156.15, for a total value of $1,196,889.75. Following the sale, the chief executive officer owned 459,900 shares of the company’s stock, valued at approximately $71,813,385. This trade represents a 1.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $162.68, for a total value of $1,246,942.20. The disclosure for this sale is available in the SEC filing. Insiders sold 312,613 shares of company stock worth $43,163,892 over the last three months. 36.66% of the stock is currently owned by insiders.

Institutional Trading of Atlassian

Several institutional investors and hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC lifted its holdings in shares of Atlassian by 71.6% in the first quarter. NewEdge Advisors LLC now owns 5,432 shares of the technology company’s stock worth $1,153,000 after acquiring an additional 2,267 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Atlassian by 39.5% during the 1st quarter. Empowered Funds LLC now owns 4,689 shares of the technology company’s stock valued at $995,000 after purchasing an additional 1,328 shares during the last quarter. Focus Partners Wealth grew its holdings in shares of Atlassian by 32.6% during the 1st quarter. Focus Partners Wealth now owns 4,122 shares of the technology company’s stock valued at $875,000 after purchasing an additional 1,014 shares during the last quarter. Geneos Wealth Management Inc. increased its position in Atlassian by 447.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock worth $42,000 after purchasing an additional 161 shares in the last quarter. Finally, Sivia Capital Partners LLC lifted its stake in Atlassian by 27.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,873 shares of the technology company’s stock valued at $380,000 after purchasing an additional 404 shares during the last quarter. 94.45% of the stock is currently owned by institutional investors.

Trending Headlines about Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Wells Fargo cut its price target to $120 but kept an “overweight” rating, emphasizing continued analyst conviction and signaling meaningful upside from current levels. Read More.
• Positive Sentiment: BNP Paribas Exane initiated coverage with an “outperform” rating and a $95 price target, another buy-side endorsement that could cushion selling pressure. (Coverage note reported by market services.)
• Positive Sentiment: Management says the 10% workforce reduction will fund AI investments and refocus resources on growth initiatives — a strategic cost/reinvestment move that can improve margins long term if execution succeeds. Read More.
• Neutral Sentiment: Atlassian publicly defended the dismissal of an engineer who criticised CEO Mike Cannon‑Brookes, saying it had the right to fire the employee — this is a company response that may limit legal/business uncertainty but doesn’t resolve reputational risk. Read More.
• Neutral Sentiment: Reported short-interest data for mid‑March is effectively non-informative/zero in the feed, so short-selling dynamics are not a clear driver of today’s move. (Data appears unreliable.)
• Negative Sentiment: Multiple outlets report an ex‑Atlassian engineer is fighting the dismissal and alleging improper/illegal firing after criticising the CEO — this raises governance and reputational risks that can hurt sentiment and attract regulatory or legal costs. Read More. Read More.
• Negative Sentiment: Layoffs — Atlassian cut ~10% of its workforce (~1,600 jobs). Coverage warns of cultural disruption and a “chaos tsunami” for the workforce; such execution and morale risks can pressure near-term productivity and revenue even if cost savings help margins later. Read More. Read More.

Atlassian Stock Down 1.7%

Shares of TEAM opened at $74.91 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.62. Atlassian has a 12 month low of $67.85 and a 12 month high of $242.00. The firm’s 50 day moving average is $100.96 and its 200-day moving average is $139.31. The stock has a market capitalization of $19.76 billion, a PE ratio of -104.04 and a beta of 0.94.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings results on Thursday, February 5th. The technology company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.10. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Atlassian had a negative return on equity of 6.33% and a negative net margin of 3.29%.The firm’s revenue for the quarter was up 23.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.96 earnings per share. Equities research analysts forecast that Atlassian will post -0.34 EPS for the current year.

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.