Atlassian (NASDAQ:TEAM) Price Target Lowered to $146.00 at Cantor Fitzgerald

Atlassian (NASDAQ:TEAM) had its target price decreased by equities researchers at Cantor Fitzgerald from $240.00 to $146.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. Cantor Fitzgerald’s price target would indicate a potential upside of 35.79% from the company’s previous close.

Several other analysts also recently commented on TEAM. The Goldman Sachs Group reiterated a “buy” rating and issued a $260.00 price target on shares of Atlassian in a research report on Friday, October 31st. Zacks Research upgraded shares of Atlassian from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. Sanford C. Bernstein upped their price objective on shares of Atlassian from $290.00 to $304.00 and gave the company an “outperform” rating in a research note on Tuesday, November 18th. Truist Financial set a $210.00 target price on Atlassian in a report on Friday, October 31st. Finally, Robert W. Baird dropped their target price on Atlassian from $230.00 to $170.00 and set an “outperform” rating on the stock in a research report on Monday, January 26th. Twenty analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Atlassian currently has a consensus rating of “Moderate Buy” and an average price target of $221.44.

Atlassian Price Performance

NASDAQ TEAM traded up $2.52 during trading hours on Wednesday, reaching $107.52. The company’s stock had a trading volume of 3,429,447 shares, compared to its average volume of 4,840,844. Atlassian has a 1 year low of $98.71 and a 1 year high of $326.00. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.72. The firm’s 50-day moving average price is $147.45 and its 200-day moving average price is $159.96. The company has a market capitalization of $28.29 billion, a price-to-earnings ratio of -152.32, a PEG ratio of 17.61 and a beta of 0.88.

Insider Activity

In other Atlassian news, President Anutthara Bharadwaj sold 9,847 shares of the firm’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $152.46, for a total transaction of $1,501,273.62. Following the completion of the transaction, the president owned 242,092 shares in the company, valued at $36,909,346.32. This trade represents a 3.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $153.77, for a total value of $1,178,647.05. Following the completion of the transaction, the chief executive officer directly owned 237,615 shares in the company, valued at approximately $36,538,058.55. This trade represents a 3.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 551,049 shares of company stock worth $82,050,502. 36.66% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TEAM. Capco Asset Management LLC bought a new position in shares of Atlassian during the second quarter valued at $25,000. Physician Wealth Advisors Inc. lifted its position in Atlassian by 60.4% during the third quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock valued at $26,000 after purchasing an additional 61 shares during the period. Atlantic Union Bankshares Corp boosted its stake in shares of Atlassian by 19,900.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company’s stock worth $32,000 after buying an additional 199 shares during the last quarter. Board of the Pension Protection Fund purchased a new position in Atlassian in the fourth quarter worth about $32,000. Finally, Bogart Wealth LLC lifted its stake in shares of Atlassian by 76.4% in the 4th quarter. Bogart Wealth LLC now owns 217 shares of the technology company’s stock worth $35,000 after purchasing an additional 94 shares during the period. Institutional investors own 94.45% of the company’s stock.

More Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Atlassian announced a multi‑year partnership integrating Anthropic’s Claude with the Atlassian Williams F1 Team — boosts AI positioning and brand visibility which could help product tie‑ins and enterprise interest. Anthropic and Atlassian Williams F1 Team announce multi-year partnership
• Positive Sentiment: Analyst previews (Zacks) flag potential Q2 tailwinds from cloud adoption, AI tooling and steady demand for Jira/Confluence — fundamentals that could underpin revenue and limit downside at the upcoming report. Seeking Clues to Atlassian (TEAM) Q2 Earnings?
• Positive Sentiment: Media pieces highlight substantial upside tied to AI adoption for software names including Atlassian — a thematic positive that could accelerate rebounds if company guidance and execution align. Software Bear Market: 2 AI Stocks to Buy…
• Neutral Sentiment: Marketing/PR items tied to the Williams F1 sponsorship (new livery, ads) raise visibility but are unlikely to move fundamentals alone. Atlassian Williams F1 Team reveals bold new racing livery for 2026
• Neutral Sentiment: Reported short interest figures are effectively nil with a 0.0 days‑to‑cover metric — a technical datapoint that appears immaterial to current price moves.
• Negative Sentiment: CEO Michael Cannon‑Brookes has sold multiple blocks of shares recently (most recently 7,665 shares), trimming his stake by ~2.4% on reported transactions — repeated insider sales are weighing on investor sentiment. SEC filing — CEO sale
• Negative Sentiment: Co‑founder/director Scott Farquhar sold an identical block of shares on the same dates, which amplifies concerns about insider conviction and has contributed to near‑term selling pressure. SEC filing — Director sale
• Negative Sentiment: BMO Capital Markets cut its price target on TEAM from $195 to $135 while keeping an “outperform” rating — a downward revision that can pressure sentiment even if the rating remains constructive. The Fly — BMO price target change

About Atlassian

Atlassian Corporation Plc is a software company headquartered in Sydney, Australia, best known for developing collaboration, project management and software development tools. Founded in 2002 by Mike Cannon-Brookes and Scott Farquhar, Atlassian grew from a small engineering-focused team into a publicly traded company after its initial public offering in 2015. The company serves a global customer base that spans small teams to large enterprises across technology, financial services, government and other sectors.

Atlassian’s product portfolio centers on tools designed to help teams plan, build and support software and business processes.