Atlassian Corp Class A (TEAM)

Atlassian Corp. stock price has declined significantly, attributed to a broad sell-off affecting software stocks and concerns over AI. Despite beating revenue expectations in its Q4 CY2025 earnings report, the stock still dropped. Shares plunged in February 2026, and the stock had already slid over 20% in the five trading sessions prior, and over 30% in the last month.

Atlassian is implementing a new "Jira Seasonal Releases" cycle in 2026 for its Jira product, moving away from constant updates to three predictable major feature launches throughout the year. The company has reported accelerating demand for its AI-powered solutions and multi-year enterprise commitments, as well as broad-based seat expansion momentum for its products.

Atlassian Corporation specializes in collaboration and productivity tools for software development and project management. Its product portfolio includes Jira Software, Confluence, Jira Service Management, Trello, Bitbucket, Loom, Rovo, Teamwork Collection, and Strategy Collection. Atlassian is investing in AI integration and cloud offerings and transitioning away from its Data Center deployment offering to focus on its Cloud offerings.

Atlassian has its worldwide headquarters in Sydney, Australia, and a US headquarters in San Francisco. The company serves over 300,000 customers in more than 200 countries and territories and has employees across 14 countries. The Americas, particularly the United States, represent a strong market, with robust performance also seen in the EMEA region and continued growth in the Asia Pacific region.

Atlassian has maintained a strong brand reputation, evidenced by recognitions such as being a Leader in the Gartner Magic Quadrant for Marketing Work Management Platforms and Collaborative Work Management, and a Leader in The Forrester Wave: Enterprise Service Management Platforms. It was also included in Forbes' list of "Top Companies To Work For." The appointment of Anil Sabharwal to Atlassian's Board of Directors further strengthens its reputation.

Atlassian is primarily owned by institutional shareholders, followed by retail investors, and Atlassian insiders. Major institutional owners include Vanguard Group Inc., BlackRock Inc., Baillie Gifford Co, State Street Corp., Capital International Investors, D. E. Shaw & Co. Inc., and Morgan Stanley. Co-founders Mike Cannon-Brookes and Scott Farquhar retain the majority of the company's voting power through their holdings of Class B shares.