Atlassian jumps after strong Q4 results, cloud acceleration, and upbeat outlook

Atlassian (TEAM) is up 28.2% today. Here is some analysis on what might have caused this price movement.

Analysis: The surge appears tied to a strong fiscal fourth-quarter report that showed faster cloud growth, a sharp improvement in profitability, and solid forward targets. Investors also may be reacting positively to signs that the company’s AI and enterprise strategy is translating into larger commitments and stronger recurring revenue.

Details:

Fourth-quarter revenue rose 28% year over year to $1.766 billion, while cloud revenue increased 31% to $1.213 billion.

Non-GAAP EPS climbed to $1.87 from $0.98 a year earlier, and the company posted a 12% GAAP operating margin versus a loss margin in the prior-year quarter.

Subscription ARR reached $6.606 billion, up 23%, and remaining performance obligations grew 44% to $4.817 billion, pointing to strong enterprise demand and longer-term commitments.

For fiscal Q1 2027, Atlassian projected revenue of $1.705 billion to $1.715 billion and said cloud revenue growth should be about 28.5%; the company also disclosed a planned trading program for its co-founder to buy up to $250 million of Class A shares.

Sources:

Atlassian Investor Relations, SEC, StockTitan

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$TEAM Insider Trading Activity

$TEAM insiders have traded $TEAM stock on the open market 119 times in the past 6 months. Of those trades, 0 have been purchases and 119 have been sales.

Here’s a breakdown of recent trading of $TEAM stock by insiders over the last 6 months:

BRIAN DUFFY (Chief Revenue Officer) has made 0 purchases and 30 sales selling 20,357 shares for an estimated $1,766,496.
SCOTT FARQUHAR has made 0 purchases and 17 sales selling 15,330 shares for an estimated $1,510,686.
MICHAEL CANNON-BROOKES (CEO, Co-Founder) has made 0 purchases and 17 sales selling 15,330 shares for an estimated $1,510,686.
JAMES CHUONG (Chief Financial Officer) has made 0 purchases and 9 sales selling 8,838 shares for an estimated $775,513.
RAJEEV BASHYAM RAJAN (Chief Technology Officer) has made 0 purchases and 11 sales selling 7,081 shares for an estimated $577,842.
JOSEPH LEO BINZ (Chief Financial Officer) has made 0 purchases and 11 sales selling 4,602 shares for an estimated $375,700.
GENE LIU (Chief Accounting Officer) has made 0 purchases and 24 sales selling 1,844 shares for an estimated $150,418.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$TEAM Hedge Fund Activity

We have seen 369 institutional investors add shares of $TEAM stock to their portfolio, and 432 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

BAILLIE GIFFORD & CO removed 4,773,597 shares (-56.6%) from their portfolio in Q2 2026, for an estimated $371,338,110
DNB ASSET MANAGEMENT AS added 4,087,510 shares (+102.4%) to their portfolio in Q1 2026, for an estimated $278,972,557
TWO SIGMA INVESTMENTS, LP added 3,733,168 shares (+408.2%) to their portfolio in Q1 2026, for an estimated $254,788,716
AQR CAPITAL MANAGEMENT LLC removed 3,599,663 shares (-46.4%) from their portfolio in Q1 2026, for an estimated $245,676,999
VOYAGER GLOBAL MANAGEMENT LP added 2,500,000 shares (+185.2%) to their portfolio in Q1 2026, for an estimated $170,625,000
UBS GROUP AG added 2,025,530 shares (+247.1%) to their portfolio in Q1 2026, for an estimated $138,242,422
POINT72 ASSET MANAGEMENT, L.P. removed 1,933,688 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $131,974,206

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$TEAM Analyst Ratings

Wall Street analysts have issued reports on $TEAM in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

BTIG issued a "Buy" rating on 05/01/2026

To track analyst ratings and price targets for $TEAM, check out Quiver Quantitative's $TEAM forecast page.

$TEAM Price Targets

Multiple analysts have issued price targets for $TEAM recently. We have seen 16 analysts offer price targets for $TEAM in the last 6 months, with a median target of $113.5.

Here are some recent targets:

Jason Celino from Keybanc set a target price of $115.0 on 07/08/2026
Keith Bachman from BMO Capital set a target price of $95.0 on 06/25/2026
Ittai Kidron from Oppenheimer set a target price of $110.0 on 05/11/2026
Allan Verkhovski from BTIG set a target price of $130.0 on 05/07/2026
Raimo Lenschow from Barclays set a target price of $112.0 on 05/07/2026
Joel Fishbein from Truist Securities set a target price of $100.0 on 05/01/2026
Steve Koenig from Macquarie set a target price of $130.0 on 05/01/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.