Atlassian (NASDAQ:TEAM) Price Target Lowered to $190.00 at Guggenheim

Atlassian (NASDAQ:TEAM) had its price objective reduced by Guggenheim from $225.00 to $190.00 in a report issued on Friday,Benzinga reports. Guggenheim currently has a buy rating on the technology company’s stock.

Several other equities analysts also recently commented on TEAM. Weiss Ratings reiterated a “sell (e+)” rating on shares of Atlassian in a report on Wednesday, January 21st. Robert W. Baird decreased their price target on shares of Atlassian from $230.00 to $170.00 and set an “outperform” rating on the stock in a research note on Monday, January 26th. Canaccord Genuity Group set a $185.00 price objective on shares of Atlassian in a research report on Friday. Morgan Stanley decreased their target price on Atlassian from $320.00 to $290.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Macquarie Infrastructure dropped their price target on Atlassian from $250.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Twenty investment 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, the stock currently has an average rating of “Moderate Buy” and an average target price of $191.32.

Atlassian Price Performance

NASDAQ:TEAM opened at $94.72 on Friday. Atlassian has a 12-month low of $92.32 and a 12-month high of $326.00. The firm has a market capitalization of $24.92 billion, a price-to-earnings ratio of -131.55, a P/E/G ratio of 15.24 and a beta of 0.88. The stock’s 50 day moving average price is $144.50 and its two-hundred day moving average price is $158.46. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.72.

Atlassian (NASDAQ:TEAM) last posted its earnings results on Thursday, February 5th. The technology company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.10. Atlassian had a negative return on equity of 6.60% and a negative net margin of 3.29%.The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period in the previous year, the firm earned $0.96 EPS. The firm’s revenue was up 23.3% compared to the same quarter last year. On average, analysts anticipate that Atlassian will post -0.34 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Michael Cannon-Brookes sold 7,665 shares of the company’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $94.81, for a total transaction of $726,718.65. Following the completion of the sale, the chief executive officer directly owned 275,940 shares in the company, valued at approximately $26,161,871.40. This represents a 2.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Scott Farquhar sold 7,665 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $94.81, for a total value of $726,718.65. Following the completion of the transaction, the director owned 275,940 shares in the company, valued at $26,161,871.40. The trade was a 2.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 566,379 shares of company stock worth $82,730,694 in the last three months. 36.66% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Atlassian

Large investors have recently bought and sold shares of the company. NewEdge Advisors LLC raised its position in shares of Atlassian by 71.6% in the 1st quarter. NewEdge Advisors LLC now owns 5,432 shares of the technology company’s stock valued at $1,153,000 after buying an additional 2,267 shares in the last quarter. Empowered Funds LLC increased its stake in Atlassian by 39.5% in the first quarter. Empowered Funds LLC now owns 4,689 shares of the technology company’s stock valued at $995,000 after acquiring an additional 1,328 shares during the last quarter. Focus Partners Wealth raised its position in Atlassian by 32.6% during the first quarter. Focus Partners Wealth now owns 4,122 shares of the technology company’s stock valued at $875,000 after purchasing an additional 1,014 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Atlassian by 447.2% during the first quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock worth $42,000 after purchasing an additional 161 shares during the last quarter. Finally, Sivia Capital Partners LLC boosted its holdings in shares of Atlassian by 27.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,873 shares of the technology company’s stock valued at $380,000 after purchasing an additional 404 shares in the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Atlassian News Summary

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Q2 beat — Atlassian reported $1.22 EPS vs. $1.12 expected and revenue of $1.59B (vs. $1.54B est.), with revenue up ~23% y/y, a near-term fundamental positive for growth momentum. Atlassian Q2 Earnings Surpass Expectations
• Positive Sentiment: Management raised its fiscal 2026 revenue forecast, citing resilient enterprise spending and accelerating AI adoption — supports the company’s multi-quarter revenue outlook. Atlassian Raises Annual Revenue Forecast (Reuters)
• Positive Sentiment: Company targets 20%+ annual revenue growth through FY27 and cites record cloud revenue and AI integrations — a constructive strategic signal if execution continues. Seeking Alpha: Growth Target
• Positive Sentiment: Unusual options activity — a spike to ~14,021 calls purchased (≈51% above normal), which can indicate tactical bullish positioning by traders.
• Neutral Sentiment: Analysts trimmed price targets but kept favorable ratings (Morgan Stanley, Mizuho, BTIG among others) — reduces near-term implied upside but preserves buy/overweight bias. Benzinga: Analyst Target Changes
• Negative Sentiment: Insider selling — directors/co‑founders disclosed multiple recent sales (7,665 shares each), a visible negative for investor sentiment and a factor pressuring the stock. SEC Filing: Insider Sales
• Negative Sentiment: Cantor Fitzgerald and some other brokers cut price targets sharply (e.g., Cantor to $146), and sector-wide AI fears are amplifying downside pressure. Cantor Fitzgerald Target Cut
• Negative Sentiment: Market reaction: coverage notes shares dipped despite the beat as investors worry cloud growth may slow and AI competition/feature rollouts elsewhere increase volatility. Investing.com: Shares Dip

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.