Atlassian (TEAM)

• Market cap: $53.1B
• 1 day: -1.25%
• 5 days: 1.70%
• 1 month: -8.25%
• 3 months: -19.66%
• 6 months: 7.56%
• Year to date: -16.35%
• 1 year: 3.94%
• 5 years: 33.17%
• 10 years: 629.84%
• Sector: Technology
• Industry: Software - Application

About: Atlassian produces software that helps teams work together more efficiently and effectively. The company provides project planning and management software, collaboration tools, and IT help desk solutions. The company operates in four segments: subscriptions (term licenses and cloud agreements), maintenance (annual maintenance contracts that provide support and periodic updates and are generally attached to perpetual license sales), perpetual license (upfront sale for indefinite usage of the software), and other (training, strategic consulting, and revenue from the Atlassian Marketplace app store). Atlassian was founded in 2002 and is headquartered in Sydney.

Employees: 12,157

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

238% more first-time investments, than exits

New positions opened: 186 | Existing positions closed: 55

64% more capital invested

Capital invested by funds: $21.4B [Q3] → $35.1B (+$13.7B) [Q4]

31% more funds holding in top 10

Funds holding in top 10: 13 [Q3] → 17 (+4) [Q4]

18% more funds holding

Funds holding: 659 [Q3] → 778 (+119) [Q4]

5.16% more ownership

Funds ownership: 84.09% [Q3] → 89.25% (+5.16%) [Q4]

2% more repeat investments, than reductions

Existing positions increased: 263 | Existing positions reduced: 257

8% less call options, than puts

Call options by funds: $955M | Put options by funds: $1.03B

Research analyst outlook

18 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $225 11% upside
• Avg. target: $308 52% upside
• High target: $380 87% upside

18 analyst ratings

• positive: 14 78%
• neutral: 4 22%
• negative: 0 0%

Morgan Stanley Keith Weiss 29% 1-year accuracy 10 / 35 met price target	58% upside $320	Overweight Maintained	16 Apr 2025
Stephens & Co. Brett Huff 0% 1-year accuracy 0 / 8 met price target	26% upside $255	Equal-Weight Reiterated	14 Apr 2025
Baird Rob Oliver 18% 1-year accuracy 7 / 40 met price target	11% upside $225	Outperform Upgraded	14 Apr 2025
Macquarie Steve Koenig 10% 1-year accuracy 1 / 10 met price target	33% upside $270	Outperform Upgraded	10 Apr 2025
Wells Fargo Michael Turrin 33% 1-year accuracy 28 / 85 met price target	63% upside $330	Overweight Maintained	10 Apr 2025