Atlassian (NASDAQ:TEAM) Earns “Buy” Rating from BTIG Research

Posted by Brenda Bartman on Jul 10th, 2026

Atlassian (NASDAQ:TEAM – Get Free Report)‘s stock had its “buy” rating restated by equities researchers at BTIG Research in a research note issued on Friday,Benzinga reports. They currently have a $130.00 target price on the technology company’s stock. BTIG Research’s price target suggests a potential upside of 43.31% from the stock’s previous close.

TEAM has been the topic of a number of other reports. Citizens Jmp reaffirmed a “market perform” rating on shares of Atlassian in a research report on Wednesday, July 1st. Guggenheim set a $115.00 price objective on Atlassian in a report on Thursday, April 9th. Zacks Research downgraded shares of Atlassian from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. KeyCorp decreased their target price on Atlassian from $130.00 to $115.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Citigroup cut their price target on Atlassian from $160.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Twenty-one research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $144.70.

Get Our Latest Stock Report on TEAM

Atlassian Stock Up 6.1%

Shares of TEAM opened at $90.71 on Friday. The business’s 50 day moving average is $87.79 and its 200 day moving average is $94.38. Atlassian has a 12-month low of $56.01 and a 12-month high of $220.30. The company has a market capitalization of $23.02 billion, a PE ratio of -109.29, a price-to-earnings-growth ratio of 4.82 and a beta of 1.11. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.13.

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

Insider Buying and Selling

In other Atlassian news, CRO Brian Duffy sold 3,000 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $89.71, for a total transaction of $269,130.00. Following the completion of the transaction, the executive owned 227,691 shares of the company’s stock, valued at $20,426,159.61. This trade represents a 1.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO James Chuong sold 8,838 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $87.75, for a total transaction of $775,534.50. Following the transaction, the chief financial officer directly owned 288,272 shares of the company’s stock, valued at $25,295,868. The trade was a 2.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 20,041 shares of company stock valued at $1,801,069 in the last 90 days. Insiders own 36.66% of the company’s stock.

Institutional Trading of Atlassian

A number of institutional investors and hedge funds have recently bought and sold shares of TEAM. Vanguard Group Inc. boosted its holdings in Atlassian by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 18,541,267 shares of the technology company’s stock valued at $3,006,281,000 after purchasing an additional 61,706 shares during the period. Baillie Gifford & Co. increased its holdings in shares of Atlassian by 3.9% in the 4th quarter. Baillie Gifford & Co. now owns 8,431,802 shares of the technology company’s stock valued at $1,367,132,000 after acquiring an additional 316,276 shares during the period. AQR Capital Management LLC boosted its stake in shares of 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 buying an additional 5,769,788 shares during the period. Pictet Asset Management Holding SA grew its position in Atlassian by 27.4% in the 1st quarter. Pictet Asset Management Holding SA now owns 5,031,413 shares of the technology company’s stock valued at $343,344,000 after buying an additional 1,080,561 shares during the last quarter. Finally, Morgan Stanley lifted its stake in shares of Atlassian by 52.4% in the 4th 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 during the period. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

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.