Atlassian Corp Class A (TEAM)

Over the past six months, Atlassian's stock has decreased by -27.55%. Key events impacting the stock include Q4 FY24 earnings, which showed better-than-expected results, and Q1 FY25 earnings, which reported revenue growth but a larger operating loss. Atlassian beat revenue and adjusted EPS estimates in Q2 CY2025. Analyst sentiment has been mixed, with some expressing caution due to potential competition from AI-powered products. Co-founders have consistently sold shares, which some interpret as a mixed signal.

Atlassian's demand seasonality is influenced by its subscription-based model and customer behavior. Demand is driven by paid seat expansion, migrations to cloud-based solutions, and enterprise adoption. Project management tools consistently show the highest demand within the Atlassian Marketplace. The integration of AI-powered features is seeing increased engagement. Certain quarters can be seasonally weaker with fewer large renewals.

Atlassian Corporation Plc is an Australian-American software company specializing in collaboration tools for software development and project management. The company's mission is to help teams organize, discuss, and complete shared work efficiently. Its major products include Jira Software, Confluence, Loom, Jira Service Management, Rovo, Trello, Bitbucket, Jira Work Management, Jira Align, Compass, Guard, Focus and Talent. The company generates most of its revenue from subscriptions, software licenses, and service contracts, primarily cloud and data center offerings.

Atlassian is headquartered in Sydney, Australia, with a U.S. headquarters in San Francisco. It serves over 300,000 customers in approximately 200 countries and has over 12,000 employees across 14 countries. Other office locations include Austin, Mountain View, New York, Yokohama, Amsterdam and Taguig. Atlassian embraces a 'Team Anywhere' approach, offering employees flexibility in where they work.

Atlassian maintains a strong brand reputation in the enterprise collaboration and workflow software space. The company is recognized as a global leader and innovator. Events affecting its reputation include its focus on AI and cloud, enterprise market penetration, and customer growth. The company faces competition from other major players in the enterprise collaboration and workflow software space.

Atlassian's share ownership is broadly distributed among institutional investors, mutual funds, and individual shareholders. Institutional investors collectively hold over half of Atlassian's total equity. Major institutional owners include The Vanguard Group, Inc., BlackRock, Inc., and Baillie Gifford & Co. Atlassian's Class B shares are primarily held by co-founders Mike Cannon-Brookes and Scott Farquhar, who retain the majority of the company's voting power.