Atlassian (NASDAQ:TEAM) Releases Quarterly Earnings Results, Misses Estimates By $0.85 EPS

Atlassian (NASDAQ:TEAM) issued its earnings results on Thursday. The technology company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.73 by ($0.85), Zacks reports. Atlassian had a negative return on equity of 23.35% and a negative net margin of 8.59%. Atlassian updated its Q3 2025 guidance to EPS and its FY 2025 guidance to EPS.

Atlassian Trading Up 14.9 %

Shares of NASDAQ:TEAM opened at $306.78 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.96. Atlassian has a 52-week low of $135.29 and a 52-week high of $324.37. The business’s 50 day simple moving average is $260.51 and its two-hundred day simple moving average is $208.06.

Insider Activity

In related news, CEO Michael Cannon-Brookes sold 15,896 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $243.55, for a total value of $3,871,470.80. Following the sale, the chief executive officer now owns 429,192 shares in the company, valued at $104,529,711.60. This represents a 3.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Scott Farquhar sold 7,948 shares of Atlassian stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $219.07, for a total value of $1,741,168.36. Following the transaction, the director now owns 309,972 shares of the company’s stock, valued at $67,905,566.04. This trade represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 257,156 shares of company stock worth $65,313,573 over the last quarter. 38.55% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TEAM. Citigroup boosted their target price on shares of Atlassian from $255.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Truist Financial restated a “buy” rating and set a $350.00 price objective (up previously from $300.00) on shares of Atlassian in a research report on Friday. Raymond James reiterated an “outperform” rating and issued a $330.00 target price (up from $250.00) on shares of Atlassian in a research report on Friday. UBS Group boosted their price target on Atlassian from $275.00 to $330.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Wells Fargo & Company raised their price objective on shares of Atlassian from $350.00 to $375.00 and gave the company an “overweight” rating in a report on Friday. Nine research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $307.00.

About Atlassian

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.