Atlassian (NASDAQ:TEAM) Stock Rating Lowered by Wall Street Zen

by · The Cerbat Gem

Wall Street Zen lowered shares of Atlassian (NASDAQ:TEAM – Free Report) from a buy rating to a hold rating in a research note published on Friday morning.

A number of other equities research analysts have also weighed in on TEAM. BMO Capital Markets cut their target price on shares of Atlassian from $225.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, August 8th. Oppenheimer cut their target price on shares of Atlassian from $300.00 to $275.00 and set an “outperform” rating on the stock in a research note on Monday, July 21st. Cantor Fitzgerald cut their target price on shares of Atlassian from $256.00 to $240.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. UBS Group reissued a “hold” rating on shares of Atlassian in a research note on Monday, July 7th. Finally, Citigroup dropped their price objective on shares of Atlassian from $300.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $256.90.

Get Our Latest Research Report on TEAM

Atlassian Price Performance

TEAM stock opened at $172.43 on Friday. The firm’s 50-day moving average price is $185.63 and its two-hundred day moving average price is $206.83. Atlassian has a 12-month low of $154.07 and a 12-month high of $326.00. The stock has a market capitalization of $45.23 billion, a price-to-earnings ratio of -174.17 and a beta of 0.95. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.73.

Atlassian (NASDAQ:TEAM – Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The technology company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Atlassian had a negative net margin of 4.92% and a negative return on equity of 14.77%. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the previous year, the company earned $0.66 earnings per share. The company’s revenue for the quarter was up 22.3% compared to the same quarter last year. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, equities analysts predict that Atlassian will post -0.34 earnings per share for the current year.

Insider Transactions at Atlassian

In other news, Director Scott Farquhar sold 7,665 shares of the company’s stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $192.68, for a total value of $1,476,892.20. Following the transaction, the director owned 38,325 shares in the company, valued at approximately $7,384,461. This represents a 16.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, President Anutthara Bharadwaj sold 7,728 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $163.43, for a total transaction of $1,262,987.04. Following the completion of the transaction, the president owned 182,801 shares in the company, valued at approximately $29,875,167.43. This represents a 4.06% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 505,618 shares of company stock worth $95,711,556. Corporate insiders own 38.55% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Clean Yield Group increased its holdings in Atlassian by 372.0% during the first quarter. Clean Yield Group now owns 118 shares of the technology company’s stock valued at $25,000 after buying an additional 93 shares during the last quarter. Capco Asset Management LLC purchased a new stake in Atlassian during the second quarter valued at approximately $25,000. Colonial Trust Co SC increased its holdings in Atlassian by 100.0% during the fourth quarter. Colonial Trust Co SC now owns 138 shares of the technology company’s stock valued at $34,000 after buying an additional 69 shares during the last quarter. Smithfield Trust Co increased its holdings in Atlassian by 90.7% during the first quarter. Smithfield Trust Co now owns 164 shares of the technology company’s stock valued at $34,000 after buying an additional 78 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in Atlassian by 447.2% during the first quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock valued at $42,000 after buying an additional 161 shares during the last quarter. 94.45% of the stock is owned by hedge funds and other institutional investors.

Atlassian Company Profile

(Get Free Report)

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.

Further Reading