Atlassian (NASDAQ:TEAM) Shares Up 4.5% – Here’s What Happened

Posted by Stanley Muller on May 15th, 2026

Shares of Atlassian Corporation PLC (NASDAQ:TEAM – Get Free Report) shot up 4.5% on Friday . The stock traded as high as $84.90 and last traded at $84.4990. 532,158 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 7,130,796 shares. The stock had previously closed at $80.86.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TEAM. Cantor Fitzgerald increased their price objective on Atlassian from $98.00 to $107.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Zacks Research raised Atlassian from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 6th. Barclays increased their price objective on Atlassian from $106.00 to $112.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Weiss Ratings reissued a “sell (e+)” rating on shares of Atlassian in a report on Monday, April 20th. Finally, KeyCorp lowered their price objective on Atlassian from $170.00 to $130.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $145.63.

Get Our Latest Stock Report on Atlassian

Atlassian Trading Up 7.0%

The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.70 and a current ratio of 0.70. The company has a 50-day simple moving average of $73.03 and a 200 day simple moving average of $113.57. The company has a market capitalization of $21.96 billion, a P/E ratio of -104.09, a P/E/G ratio of 4.57 and a beta of 0.90.

Atlassian (NASDAQ:TEAM – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The technology company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.33 by $0.42. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.70 billion. Atlassian had a positive return on equity of 6.22% and a negative net margin of 3.50%.The company’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.97 EPS. Sell-side analysts expect that Atlassian Corporation PLC will post 0.81 earnings per share for the current year.

Insiders Place Their Bets

In other Atlassian news, CFO Joseph Leo Binz sold 1,653 shares of Atlassian stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $81.35, for a total value of $134,471.55. Following the transaction, the chief financial officer directly owned 208,639 shares of the company’s stock, valued at $16,972,782.65. The trade was a 0.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CRO Brian Duffy sold 1,222 shares of Atlassian stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $81.35, for a total value of $99,409.70. Following the completion of the transaction, the executive directly owned 124,332 shares in the company, valued at approximately $10,114,408.20. This represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 6,013 shares of company stock valued at $489,158 in the last three months. Company insiders own 36.66% of the company’s stock.

Institutional Trading of Atlassian

Hedge funds have recently modified their holdings of the company. MV Capital Management Inc. bought a new stake in shares of Atlassian in the 4th quarter worth approximately $25,000. Physician Wealth Advisors Inc. lifted its position in shares of Atlassian by 60.4% in 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 period. State of Wyoming lifted its position in shares of Atlassian by 65.7% in the 1st quarter. State of Wyoming now owns 449 shares of the technology company’s stock worth $31,000 after acquiring an additional 178 shares during the period. Atlantic Union Bankshares Corp lifted its position in shares of Atlassian by 19,900.0% in 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 period. Finally, Board of the Pension Protection Fund bought a new stake in shares of Atlassian in the 4th quarter worth approximately $32,000. Institutional investors own 94.45% of the company’s stock.

About Atlassian

(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.

Atlassian’s product portfolio centers on tools designed to help teams plan, build and support software and business processes.