Jim Cramer Put These 15 Stocks Under the Microscope

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12. Atlassian Corporation (NASDAQ:TEAM)

Number of Hedge Fund Holders: 64

Atlassian Corporation (NASDAQ:TEAM) is one of the stocks Jim Cramer put under the microscope. A caller asked for an opinion on the stock, noting its sharp decline from a 52-week high of 325 to a low of 150 and expressing interest in buying in. Cramer replied:

“No, see, TEAM is being hurt by the same thing. It’s hurting a lot of this, the other companies in the software business. People feel that they can create their own product that’s just as good as TEAM using artificial intelligence. That’s why I no longer recommend the stock of TEAM.”

Atlassian Corporation (NASDAQ:TEAM) develops collaboration and productivity software that connects teams and streamlines workflows. Its portfolio includes Jira, Confluence, Trello, Loom, Bitbucket, and AI-driven tools like Rovo to improve teamwork and efficiency. Artisan Partners stated the following regarding Atlassian Corporation (NASDAQ:TEAM) in its second quarter 2025 investor letter:

“Among our top detractors were Baker Hughes, Argenx and Atlassian Corporation (NASDAQ:TEAM). Atlassian is a leading provider of innovative, customizable team collaboration software tools. The company reported modestly disappointing quarterly results in May, following two prior quarters of solid results, due in part to delays in signing some large enterprise contracts. Other potential headwinds, such as tariff pressure on customers’ software budgets and the potential impact of artificial intelligence (AI) on knowledge worker jobs, also weighed on investors. We have been monitoring these potential headwinds but don’t see any change in Atlassian’s long-term profit cycle, and we remain confident in the potential of several company-specific, multiyear growth drivers. And with the hiring of a new chief revenue officer in late 2024, Atlassian is working to enhance its senior management talent in sales, marketing and R&D. With the stock trading at an attractive valuation, we added modestly to our position.”

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