Atlassian (NASDAQ:TEAM) Trading 6.2% Higher – Still a Buy?

Posted by Brian Himes on Jul 13th, 2026

Shares of Atlassian Corporation PLC (NASDAQ:TEAM – Get Free Report) shot up 6.2% during mid-day trading on Monday . The stock traded as high as $94.40 and last traded at $94.3250. Approximately 1,038,860 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 6,522,197 shares. The stock had previously closed at $88.86.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Canaccord Genuity Group dropped their price target on Atlassian from $185.00 to $150.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Piper Sandler reduced their price objective on Atlassian from $200.00 to $175.00 and set an “overweight” rating on the stock in a research note on Friday, May 1st. Morgan Stanley decreased their price objective on Atlassian from $290.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday, April 16th. KeyCorp cut their target price on shares of Atlassian from $130.00 to $115.00 and set an “overweight” rating for the company in a report on Wednesday, July 8th. Finally, Zacks Research cut shares of Atlassian from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Twenty-one research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Atlassian has a consensus rating of “Moderate Buy” and a consensus price target of $144.70.

Check Out Our Latest Report on TEAM

Atlassian Trading Up 7.5%

The stock has a market cap of $24.24 billion, a PE ratio of -114.97, a PEG ratio of 5.01 and a beta of 1.11. 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 stock has a fifty day moving average price of $88.16 and a 200 day moving average price of $93.85.

Atlassian (NASDAQ:TEAM – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The technology company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 positive return on equity of 6.22% and a negative net margin of 3.50%.Atlassian’s revenue was up 31.7% on a year-over-year basis. During the same period last year, the company earned $0.97 earnings per share. Equities analysts expect that Atlassian Corporation PLC will post 0.81 EPS for the current year.

Insider Buying and Selling at Atlassian

In other news, CRO Brian Duffy sold 3,000 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $89.71, for a total value of $269,130.00. Following the completion of the sale, the executive owned 227,691 shares in the company, valued at approximately $20,426,159.61. This trade represents a 1.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO James Chuong sold 8,838 shares of Atlassian stock in a transaction dated 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 approximately $25,295,868. This represents a 2.97% decrease in their ownership of the stock. 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. In the last three months, insiders sold 20,041 shares of company stock worth $1,801,069. Insiders own 36.66% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. OFI Invest Asset Management increased its stake in Atlassian by 16.3% in the fourth quarter. OFI Invest Asset Management now owns 254,551 shares of the technology company’s stock worth $41,273,000 after purchasing an additional 35,682 shares during the period. Baillie Gifford & Co. boosted its stake in shares of Atlassian by 3.9% during the fourth quarter. Baillie Gifford & Co. now owns 8,431,802 shares of the technology company’s stock valued at $1,367,132,000 after purchasing an additional 316,276 shares during the period. Exane Asset Management boosted its stake in shares of Atlassian by 419.9% during the fourth quarter. Exane Asset Management now owns 31,363 shares of the technology company’s stock valued at $5,085,000 after purchasing an additional 25,330 shares during the period. Nicholas Company Inc. grew its holdings in shares of Atlassian by 8.7% in the fourth quarter. Nicholas Company Inc. now owns 306,819 shares of the technology company’s stock worth $49,748,000 after purchasing an additional 24,490 shares during the last quarter. Finally, Fisher Funds Management LTD increased its stake in Atlassian by 11.1% in the 4th quarter. Fisher Funds Management LTD now owns 334,011 shares of the technology company’s stock worth $54,440,000 after buying an additional 33,485 shares during the period. Hedge funds and other 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.