Morgan Stanley Cuts Atlassian (NASDAQ:TEAM) Price Target to $290.00

Atlassian (NASDAQ:TEAM) had its target price cut by research analysts at Morgan Stanley from $320.00 to $290.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the technology company’s stock. Morgan Stanley’s price target would suggest a potential upside of 194.69% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the stock. Jefferies Financial Group set a $262.00 price objective on shares of Atlassian in a research note on Thursday, January 15th. Macquarie reduced their price target on shares of Atlassian from $250.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd. Sanford C. Bernstein lifted 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 price objective on shares of Atlassian in a research report on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Atlassian in a report on Wednesday, January 21st. Twenty equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $211.80.

Atlassian Stock Performance

NASDAQ:TEAM opened at $98.41 on Friday. The stock has a fifty day moving average price of $145.60 and a 200-day moving average price of $159.15. The company has a market cap of $25.89 billion, a price-to-earnings ratio of -138.60, a PEG ratio of 16.27 and a beta of 0.88. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.26 and a current ratio of 1.26. Atlassian has a fifty-two week low of $97.93 and a fifty-two week high of $326.00.

Insider Transactions at Atlassian

In other Atlassian news, CEO Michael Cannon-Brookes sold 7,665 shares of the stock in a transaction dated Thursday, November 13th. The stock was 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction dated 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 sale, the director directly owned 237,615 shares in the company, valued at $36,538,058.55. The trade was a 3.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 551,049 shares of company stock worth $81,277,257. Corporate insiders own 36.66% of the company’s stock.

Institutional Investors Weigh In On Atlassian

Several hedge funds have recently added to or reduced their stakes in TEAM. Vanguard Group Inc. increased its position in Atlassian by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 18,541,267 shares of the technology company’s stock valued at $3,006,281,000 after acquiring an additional 61,706 shares during the period. Baillie Gifford & Co. increased its holdings in Atlassian by 3.9% in the fourth quarter. Baillie Gifford & Co. now owns 8,431,802 shares of the technology company’s stock valued at $1,367,132,000 after purchasing an additional 316,276 shares during the period. DNB Asset Management AS raised its position in Atlassian by 42.2% during the 4th quarter. DNB Asset Management AS now owns 3,990,216 shares of the technology company’s stock worth $646,974,000 after purchasing an additional 1,183,328 shares during the last quarter. Pictet Asset Management Holding SA raised its position in Atlassian by 38.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 3,950,852 shares of the technology company’s stock worth $640,628,000 after purchasing an additional 1,090,787 shares during the last quarter. Finally, Artisan Partners Limited Partnership lifted its holdings in Atlassian by 66.3% during the 2nd quarter. Artisan Partners Limited Partnership now owns 3,878,133 shares of the technology company’s stock worth $787,610,000 after buying an additional 1,545,546 shares during the period. 94.45% of the stock is currently owned by institutional investors and hedge funds.

More Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Q2 results beat consensus — EPS $1.22 vs $1.12 est. and revenue $1.59B (up 23% YoY), showing healthy top-line momentum. Article Title
• Positive Sentiment: Management raised FY‑2026 revenue outlook (now ~$6.4B) and issued Q3 revenue guidance (~$1.7B), signaling confidence in enterprise demand and AI-driven spending. Article Title
• Positive Sentiment: Company reports record cloud revenue and emphasizes AI integration and enterprise expansion, targeting 20%+ annual revenue growth through FY27 — a multi-year growth plan investors can model. Article Title
• Neutral Sentiment: Management commentary and the full earnings-call transcript provide detail on AI product roadmap and enterprise wins — useful for longer-term thesis but not an immediate sentiment swing. Article Title
• Negative Sentiment: Market flagged deceleration in cloud growth expectations despite the beat, a key near-term risk for valuation multiples and analyst models. Article Title
• Negative Sentiment: Analysts trimmed price targets (Cantor Fitzgerald and BMO among them), reflecting heightened uncertainty on AI monetization and growth pacing. Article Title
• Negative Sentiment: Insider selling disclosed: co‑founders sold shares (~7,665 shares each), which amplified downward pressure amid an already cautious tape. Article Title
• Negative Sentiment: Wider software sector weakness and renewed AI-related fears pressured cloud/software multiples today, dragging TEAM along with peers. Article Title

Atlassian Company Profile

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.