Research Analysts’ Recent Ratings Changes for Atlassian (TEAM)

Several analysts have recently updated their ratings and price targets for Atlassian (NASDAQ: TEAM):

• 2/13/2025 – Atlassian was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 2/7/2025 – Atlassian had its price target raised by analysts at Macquarie from $290.00 to $317.00. They now have a “neutral” rating on the stock.
• 2/3/2025 – Atlassian had its price target raised by analysts at Barclays PLC from $275.00 to $350.00. They now have an “overweight” rating on the stock.
• 2/3/2025 – Atlassian was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 2/3/2025 – Atlassian had its price target raised by analysts at The Goldman Sachs Group, Inc. from $245.00 to $370.00. They now have a “buy” rating on the stock.
• 1/31/2025 – Atlassian had its price target raised by analysts at Scotiabank from $250.00 to $330.00. They now have a “sector perform” rating on the stock.
• 1/31/2025 – Atlassian had its price target raised by analysts at KeyCorp from $315.00 to $365.00. They now have an “overweight” rating on the stock.
• 1/31/2025 – Atlassian had its price target raised by analysts at Wells Fargo & Company from $350.00 to $375.00. They now have an “overweight” rating on the stock.
• 1/31/2025 – Atlassian had its price target raised by analysts at Piper Sandler from $310.00 to $365.00. They now have an “overweight” rating on the stock.
• 1/31/2025 – Atlassian had its price target raised by analysts at Morgan Stanley from $315.00 to $370.00. They now have an “overweight” rating on the stock.
• 1/31/2025 – Atlassian had its price target raised by analysts at Oppenheimer Holdings Inc. from $300.00 to $380.00. They now have an “outperform” rating on the stock.
• 1/31/2025 – Atlassian had its “outperform” rating reaffirmed by analysts at William Blair.
• 1/31/2025 – Atlassian had its “outperform” rating reaffirmed by analysts at Raymond James. They now have a $330.00 price target on the stock, up previously from $250.00.
• 1/31/2025 – Atlassian had its price target raised by analysts at Mizuho from $285.00 to $355.00. They now have an “outperform” rating on the stock.
• 1/31/2025 – Atlassian had its price target raised by analysts at UBS Group AG from $275.00 to $330.00. They now have a “neutral” rating on the stock.
• 1/31/2025 – Atlassian had its price target raised by analysts at Cantor Fitzgerald from $264.00 to $304.00. They now have a “neutral” rating on the stock.
• 1/31/2025 – Atlassian had its “market perform” rating reaffirmed by analysts at JMP Securities.
• 1/31/2025 – Atlassian had its “buy” rating reaffirmed by analysts at Truist Financial Co.. They now have a $350.00 price target on the stock, up previously from $300.00.
• 1/24/2025 – Atlassian had its price target raised by analysts at Jefferies Financial Group Inc. from $300.00 to $325.00. They now have a “buy” rating on the stock.
• 1/17/2025 – Atlassian is now covered by analysts at Cantor Fitzgerald. They set a “neutral” rating and a $264.00 price target on the stock.
• 1/17/2025 – Atlassian had its price target raised by analysts at Citigroup Inc. from $255.00 to $300.00. They now have a “buy” rating on the stock.
• 1/16/2025 – Atlassian had its price target raised by analysts at Morgan Stanley from $259.00 to $315.00. They now have an “overweight” rating on the stock.
• 1/16/2025 – Atlassian was upgraded by analysts at Cantor Fitzgerald to a “hold” rating. They now have a $264.00 price target on the stock.
• 1/10/2025 – Atlassian was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating. They now have a $292.00 price target on the stock, up previously from $255.00.
• 1/7/2025 – Atlassian was upgraded by analysts at Truist Financial Co. from a “hold” rating to a “buy” rating. They now have a $300.00 price target on the stock, up previously from $250.00.
• 1/6/2025 – Atlassian had its price target raised by analysts at Piper Sandler from $265.00 to $310.00. They now have an “overweight” rating on the stock.
• 1/6/2025 – Atlassian had its price target raised by analysts at Oppenheimer Holdings Inc. from $270.00 to $300.00. They now have an “outperform” rating on the stock.

Atlassian Stock Performance

TEAM opened at $315.44 on Wednesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.24 and a quick ratio of 1.18. The company has a market capitalization of $82.65 billion, a PE ratio of -235.40 and a beta of 0.87. The business has a fifty day simple moving average of $270.89 and a 200 day simple moving average of $219.37. Atlassian Co. has a 1 year low of $135.29 and a 1 year high of $326.00.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings data on Thursday, January 30th. The technology company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.85). Atlassian had a negative return on equity of 17.37% and a negative net margin of 7.22%. Research analysts expect that Atlassian Co. will post -0.34 EPS for the current year.

Insider Transactions at Atlassian

In related news, Director Scott Farquhar sold 7,948 shares of Atlassian stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $264.20, for a total transaction of $2,099,861.60. Following the sale, the director now directly owns 190,752 shares in the company, valued at $50,396,678.40. This trade represents a 4.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Gene Liu sold 568 shares of the firm’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $312.08, for a total transaction of $177,261.44. Following the transaction, the chief accounting officer now directly owns 52,142 shares of the company’s stock, valued at $16,272,475.36. The trade was a 1.08 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 265,830 shares of company stock worth $72,193,305. Insiders own 38.55% of the company’s stock.

Hedge Funds Weigh In On Atlassian

Institutional investors have recently modified their holdings of the company. Baillie Gifford & Co. grew its position in Atlassian by 0.9% in the 3rd quarter. Baillie Gifford & Co. now owns 8,514,039 shares of the technology company’s stock valued at $1,352,115,000 after purchasing an additional 78,454 shares during the period. JPMorgan Chase & Co. lifted its stake in Atlassian by 72.9% in the fourth quarter. JPMorgan Chase & Co. now owns 4,284,400 shares of the technology company’s stock valued at $1,042,737,000 after purchasing an additional 1,806,042 shares during the last quarter. State Street Corp grew its holdings in Atlassian by 0.3% during the third quarter. State Street Corp now owns 3,560,381 shares of the technology company’s stock valued at $565,424,000 after purchasing an additional 8,957 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in Atlassian in the fourth quarter worth $687,486,000. Finally, Invesco Ltd. raised its stake in shares of Atlassian by 265.9% in the fourth quarter. Invesco Ltd. now owns 2,445,440 shares of the technology company’s stock valued at $595,171,000 after buying an additional 1,777,179 shares during the period. 94.45% of the stock is owned by institutional investors and hedge funds.

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.