Atlassian (NASDAQ:TEAM) Given “Buy” Rating at Truist Financial

Atlassian (NASDAQ:TEAM)‘s stock had its “buy” rating restated by stock analysts at Truist Financial in a research report issued on Friday, Benzinga reports. They currently have a $200.00 price target on the technology company’s stock, down from their previous price target of $250.00. Truist Financial‘s price target indicates a potential upside of 27.72% from the company’s current price.

Other analysts have also recently issued research reports about the stock. Morgan Stanley upped their price objective on shares of Atlassian from $120.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Cantor Fitzgerald raised their target price on shares of Atlassian from $220.00 to $252.00 and gave the stock an “overweight” rating in a research note on Monday. Royal Bank Of Canada boosted their target price on Atlassian from $215.00 to $235.00 and gave the stock an “outperform” rating in a report on Monday, October 12th. Bank of America boosted their target price on Atlassian from $175.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, August 31st. Finally, Citigroup upped their price target on Atlassian from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Tuesday, October 20th. Twenty-four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Atlassian presently has a consensus rating of “Moderate Buy” and a consensus target price of $211.36.

Atlassian Price Performance

Shares of Atlassian stock traded down $26.70 during trading hours on Friday, reaching $156.59. 4,208,580 shares of the company’s stock were exchanged, compared to its average volume of 5,486,240. Atlassian has a 1 year low of $56.01 and a 1 year high of $229.96. The company has a market capitalization of $39.64 billion, a P/E ratio of -816.65, a price-to-earnings-growth ratio of 20.25 and a beta of 1.16. The business has a fifty day moving average of $196.69 and a two-hundred day moving average of $119.39. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.93.

Atlassian (NASDAQ:TEAM) last issued its earnings results on Thursday, November 5th. The technology company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.26. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Atlassian had a negative net margin of 0.82% and a positive return on equity of 20.99%. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.04 earnings per share. As a group, research analysts predict that Atlassian will post 0.69 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Gene Liu sold 1,125 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $175.00, for a total value of $196,875.00. Following the completion of the sale, the chief accounting officer owned 56,807 shares of the company’s stock, valued at approximately $9,941,225. This represents a 1.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CRO Brian Duffy sold 7,617 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $163.00, for a total transaction of $1,241,571.00. Following the sale, the executive owned 220,074 shares of the company’s stock, valued at approximately $35,872,062. The trade was a 3.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 22,475 shares of company stock valued at $3,822,643. 37.63% of the stock is currently owned by insiders.

Institutional Trading of Atlassian

Several hedge funds have recently made changes to their positions in TEAM. Carmignac Gestion lifted its holdings in Atlassian by 115.8% in the first quarter. Carmignac Gestion now owns 2,603,770 shares of the technology company’s stock valued at $177,707,000 after acquiring an additional 1,397,402 shares during the last quarter. First Trust Advisors LP grew its position in Atlassian by 48.4% in the first quarter. First Trust Advisors LP now owns 2,349,842 shares of the technology company’s stock worth $160,377,000 after acquiring an additional 766,922 shares during the period. KBC Group NV increased its stake in Atlassian by 1,691.2% during the first quarter. KBC Group NV now owns 1,440,019 shares of the technology company’s stock worth $98,281,000 after acquiring an additional 1,359,624 shares during the last quarter. Swiss National Bank increased its stake in Atlassian by 8.2% during the first quarter. Swiss National Bank now owns 493,267 shares of the technology company’s stock worth $33,665,000 after acquiring an additional 37,500 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Atlassian by 111.7% during the third quarter. Assenagon Asset Management S.A. now owns 469,100 shares of the technology company’s stock worth $84,105,000 after acquiring an additional 247,540 shares during the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Trending Headlines about Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Fiscal Q1 revenue was $1.77 billion, up 23.7% year over year and above the $1.71 billion consensus; adjusted EPS of $1.65 also topped the $1.39 estimate. Cloud revenue grew 31%, while remaining performance obligations rose 44% and Teamwork Collection customers increased sevenfold year over year. Read More.
• Positive Sentiment: Atlassian forecast FY2027 revenue of $7.5 billion, above analysts’ $7.4 billion estimate. Several analysts retained bullish ratings: Piper Sandler raised its target to $190, while Wells Fargo and BTIG lowered targets but kept “overweight” and “buy” ratings, respectively. Read More.
• Neutral Sentiment: Q2 FY2027 revenue guidance of $1.8 billion matched consensus, offering no clear near-term upside surprise. Read More.
• Negative Sentiment: The post-earnings decline suggests investors were more concerned about the growth outlook than the quarter’s beat. Reports highlighted questions around cloud-migration timing and AI monetization, while Wells Fargo and BTIG cut their price targets, tempering the positive analyst signals. Read More.

Atlassian Company Profile

Atlassian Corporation develops collaboration, project-management and workflow software for technology, business and service teams. Its products are designed to help organizations plan projects, manage software development, coordinate work and share knowledge across departments.

Its product portfolio includes Jira for project and issue tracking, Confluence for team collaboration and knowledge management, Jira Service Management for IT and enterprise service workflows, Trello for organizing tasks and projects, Loom for video messaging and screen recording, and Bitbucket for source-code management and collaboration.