Atlassian (NASDAQ:TEAM) Trading Up 8.4% – Here’s Why

15 Apr 2026, 13:42 by Renee Jackson · The Cerbat Gem

Atlassian Corporation PLC (NASDAQ:TEAM – Get Free Report)’s stock price rose 8.4% on Wednesday . The company traded as high as $64.19 and last traded at $64.7060. Approximately 4,271,913 shares traded hands during trading, a decline of 33% from the average daily volume of 6,373,657 shares. The stock had previously closed at $59.71.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on TEAM shares. Piper Sandler reiterated an “overweight” rating and set a $200.00 price objective (down from $280.00) on shares of Atlassian in a research note on Friday, February 6th. Mizuho cut their target price on Atlassian from $185.00 to $145.00 and set an “outperform” rating for the company in a research note on Tuesday. Cantor Fitzgerald cut their target price on Atlassian from $240.00 to $146.00 and set an “overweight” rating for the company in a research note on Wednesday, February 4th. Guggenheim set a $115.00 target price on Atlassian in a research note on Thursday, April 9th. Finally, Wells Fargo & Company cut their target price on Atlassian from $155.00 to $120.00 and set an “overweight” rating for the company in a research note on Tuesday, March 17th. Twenty analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Atlassian presently has a consensus rating of “Moderate Buy” and a consensus target price of $169.00.

Check Out Our Latest Research Report on Atlassian

Atlassian Stock Performance

The company has a 50-day moving average of $75.67 and a 200 day moving average of $124.59. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $17.16 billion, a PE ratio of -90.50 and a beta of 0.99.

Atlassian (NASDAQ:TEAM – Get Free Report) last posted its earnings results on Friday, February 6th. The technology company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.12 by $0.10. Atlassian had a negative return on equity of 6.33% and a negative net margin of 3.29%.The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the previous year, the business earned $0.96 earnings per share. The firm’s revenue was up 23.3% on a year-over-year basis. Equities research analysts predict that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Insiders Place Their Bets

In other news, Director Scott Farquhar sold 7,665 shares of the firm’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $119.15, for a total transaction of $913,284.75. Following the sale, the director owned 314,265 shares in the company, valued at approximately $37,444,674.75. This trade represents a 2.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $135.44, for a total transaction of $1,038,147.60. Following the sale, the chief executive officer directly owned 321,930 shares of the company’s stock, valued at $43,602,199.20. This represents a 2.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 143,983 shares of company stock worth $16,938,095 in the last three months. Insiders own 36.66% of the company’s stock.

Hedge Funds Weigh In On Atlassian

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

Atlassian Company Profile

(Get Free Report)

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.