Atlassian (NASDAQ:TEAM) Upgraded to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Atlassian (NASDAQ:TEAM) from a buy rating to a strong-buy rating in a report published on Saturday.

Several other brokerages also recently weighed in on TEAM. TD Cowen raised their price target on shares of Atlassian from $85.00 to $105.00 and gave the company a “hold” rating in a research report on Friday, May 1st. Mizuho reduced their price target on shares of Atlassian from $185.00 to $145.00 and set an “outperform” rating for the company in a research report on Tuesday, April 14th. Cantor Fitzgerald raised their price target on shares of Atlassian from $98.00 to $107.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. BNP Paribas Exane assumed coverage on shares of Atlassian in a research report on Monday, March 16th. They set an “outperform” rating and a $95.00 price target for the company. Finally, Wells Fargo & Company reduced their price target on shares of Atlassian from $155.00 to $120.00 and set an “overweight” rating for the company in a research report on Tuesday, March 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Atlassian presently has a consensus rating of “Moderate Buy” and an average target price of $145.26.

Atlassian Price Performance

Shares of TEAM opened at $91.60 on Friday. The company has a market capitalization of $24.16 billion, a P/E ratio of -110.36, a price-to-earnings-growth ratio of 5.20 and a beta of 0.90. The company has a quick ratio of 0.89, a current ratio of 0.70 and a debt-to-equity ratio of 1.13. The firm has a 50 day moving average of $72.12 and a 200 day moving average of $116.37. Atlassian has a twelve month low of $56.01 and a twelve month high of $232.36.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings results on Thursday, April 30th. The technology company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.42. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.70 billion. Atlassian had a negative net margin of 3.50% and a positive return on equity of 6.22%. The firm’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.97 earnings per share. As a group, equities research analysts anticipate that Atlassian will post 0.81 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CTO Rajeev Bashyam Rajan sold 3,072 shares of Atlassian stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $81.35, for a total transaction of $249,907.20. Following the transaction, the chief technology officer owned 212,916 shares in the company, valued at $17,320,716.60. This trade represents a 1.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Joseph Leo Binz sold 1,653 shares of Atlassian stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $81.35, for a total transaction of $134,471.55. Following the transaction, the chief financial officer owned 208,639 shares in the company, valued at $16,972,782.65. This represents a 0.79% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 6,013 shares of company stock worth $489,158. 36.66% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. MV Capital Management Inc. purchased a new position in shares of Atlassian during the 4th quarter worth $25,000. Physician Wealth Advisors Inc. boosted its stake in shares of Atlassian by 60.4% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock worth $26,000 after acquiring an additional 61 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of 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 acquiring an additional 161 shares during the last quarter. Atlantic Union Bankshares Corp boosted its stake in shares of Atlassian by 19,900.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company’s stock worth $32,000 after acquiring an additional 199 shares during the last quarter. Finally, Board of the Pension Protection Fund purchased a new position in shares of Atlassian during the 4th quarter worth $32,000. Hedge funds and other institutional investors own 94.45% of the company’s stock.

More Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Zacks Research upgraded Atlassian from “hold” to “strong-buy,” adding to bullish sentiment around the stock. Zacks.com
• Positive Sentiment: BTIG Research raised its price target on Atlassian to $130 from $120 and reiterated a “buy” rating, signaling confidence in further upside. Benzinga
• Positive Sentiment: Barclays lifted its price target to $112 from $106 and kept an “overweight” rating, saying Atlassian’s annual recurring revenue disclosure supports the enterprise growth case. Article
• Positive Sentiment: Atlassian unveiled “Flex,” a new commercial model designed to help large customers adopt and scale its AI-powered platform more easily, which could improve enterprise sales and retention. Article
• Positive Sentiment: Atlassian also highlighted new AI-focused products and the expansion of Rovo/Teamwork Graph, reinforcing the narrative that the company is gaining traction in AI-driven workflow automation. Article
• Neutral Sentiment: Several articles discussed Atlassian’s Team ’26 conference and long-term performance, but these were mostly commentary rather than fresh catalysts. Article

Atlassian Company Profile

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.