Atlassian (NASDAQ:TEAM) Trading Up 8.1% – What’s Next?

Posted by George Bondi on May 29th, 2026

Atlassian Corporation PLC (NASDAQ:TEAM – Get Free Report) shares rose 8.1% on Friday . The company traded as high as $101.19 and last traded at $100.8480. Approximately 2,862,376 shares changed hands during trading, a decline of 59% from the average daily volume of 6,968,875 shares. The stock had previously closed at $93.29.

Wall Street Analysts Forecast Growth

TEAM has been the subject of a number of research reports. Morgan Stanley dropped their target price on Atlassian from $290.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday, April 16th. Canaccord Genuity Group dropped their target price on Atlassian from $185.00 to $150.00 and set a “buy” rating for the company in a report on Wednesday, April 15th. Oppenheimer lifted their target price on Atlassian from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Jefferies Financial Group set a $150.00 target price on Atlassian in a report on Friday, February 6th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $295.00 target price on shares of Atlassian in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Atlassian has a consensus rating of “Moderate Buy” and a consensus target price of $145.63.

View Our Latest Report on Atlassian

Atlassian Price Performance

The company’s 50-day moving average is $74.87 and its two-hundred day moving average is $108.19. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market cap of $26.49 billion, a P/E ratio of -125.75, a PEG ratio of 5.05 and a beta of 0.90.

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

Insider Activity

In related news, CRO Brian Duffy sold 1,986 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $87.75, for a total transaction of $174,271.50. Following the completion of the sale, the executive owned 236,841 shares of the company’s stock, valued at $20,782,797.75. This represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO James Chuong sold 8,838 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $87.75, for a total value of $775,534.50. Following the transaction, the chief financial officer directly owned 288,272 shares of the company’s stock, valued at approximately $25,295,868. The trade was a 2.97% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 10,891 shares of company stock valued at $955,683 in the last ninety days. 36.66% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Atlassian by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 18,541,267 shares of the technology company’s stock worth $3,006,281,000 after acquiring an additional 61,706 shares in the last quarter. Baillie Gifford & Co. raised its stake in Atlassian by 3.9% during the fourth quarter. Baillie Gifford & Co. now owns 8,431,802 shares of the technology company’s stock worth $1,367,132,000 after acquiring an additional 316,276 shares in the last quarter. AQR Capital Management LLC raised its stake in Atlassian by 291.4% during the fourth quarter. AQR Capital Management LLC now owns 7,749,694 shares of the technology company’s stock worth $1,256,535,000 after acquiring an additional 5,769,788 shares in the last quarter. Pictet Asset Management Holding SA raised its stake in Atlassian by 27.4% during the first quarter. Pictet Asset Management Holding SA now owns 5,031,413 shares of the technology company’s stock worth $343,344,000 after acquiring an additional 1,080,561 shares in the last quarter. Finally, Morgan Stanley raised its stake in Atlassian by 52.4% during the fourth quarter. Morgan Stanley now owns 4,822,007 shares of the technology company’s stock worth $781,841,000 after acquiring an additional 1,657,309 shares in the last quarter. Institutional investors and hedge funds 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.