Robert W. Baird Cuts Atlassian (NASDAQ:TEAM) Price Target to $170.00

Atlassian (NASDAQ:TEAM) had its price target lowered by Robert W. Baird from $230.00 to $170.00 in a research note released on Monday, Marketbeat.com reports. The firm currently has an outperform rating on the technology company’s stock.

A number of other brokerages have also recently issued reports on TEAM. Macquarie lowered their target price on shares of Atlassian from $250.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. Truist Financial set a $210.00 price objective on Atlassian in a research note on Friday, October 31st. The Goldman Sachs Group reissued a “buy” rating and set a $260.00 price objective on shares of Atlassian in a report on Friday, October 31st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Atlassian in a report on Wednesday, January 21st. Finally, KeyCorp decreased their price target on Atlassian from $250.00 to $210.00 and set an “overweight” rating on the stock in a research report on Thursday, October 23rd. Twenty-one equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $231.54.

Atlassian Trading Up 0.7%

Shares of Atlassian stock opened at $134.76 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market capitalization of $35.46 billion, a P/E ratio of -189.80, a P/E/G ratio of 20.73 and a beta of 0.88. Atlassian has a 52-week low of $115.53 and a 52-week high of $326.00. The stock’s 50-day simple moving average is $150.02 and its 200 day simple moving average is $162.32.

Atlassian (NASDAQ:TEAM) last posted its earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.21. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.11%. The company’s revenue was up 20.6% on a year-over-year basis. During the same quarter last year, the company earned $0.77 earnings per share. As a group, research analysts anticipate that Atlassian will post -0.34 EPS for the current year.

Insider Transactions at Atlassian

In other Atlassian news, Director Scott Farquhar sold 7,665 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $167.61, for a total value of $1,284,730.65. Following the completion of the transaction, the director owned 314,265 shares of the company’s stock, valued at $52,673,956.65. The trade was a 2.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Anutthara Bharadwaj sold 9,847 shares of the firm’s stock in a transaction on 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 sale, the president owned 242,092 shares in the company, valued at approximately $36,909,346.32. This trade represents a 3.91% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 551,049 shares of company stock valued at $84,075,059. 36.66% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Atlassian by 6.0% in the 3rd quarter. Vanguard Group Inc. now owns 18,479,561 shares of the technology company’s stock worth $2,951,186,000 after purchasing an additional 1,049,483 shares in the last quarter. Baillie Gifford & Co. lifted its position in Atlassian by 3.9% in the 4th quarter. Baillie Gifford & Co. now owns 8,431,802 shares of the technology company’s stock worth $1,367,132,000 after buying an additional 316,276 shares during the last quarter. Artisan Partners Limited Partnership boosted its stake in Atlassian by 66.3% in the second 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 in the last quarter. State Street Corp grew its position in Atlassian by 1.9% during the third quarter. State Street Corp now owns 3,867,995 shares of the technology company’s stock valued at $617,719,000 after acquiring an additional 73,014 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Atlassian by 18.7% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,867,886 shares of the technology company’s stock valued at $458,001,000 after acquiring an additional 451,706 shares during the last quarter. Institutional investors own 94.45% of the company’s stock.

Key Stories Impacting Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Renewed Williams F1 partnership — Atlassian extended its long-term, fan-first sponsorship with the Williams F1 team, which supports global brand visibility and marketing momentum. Read More.
• Positive Sentiment: Sparco sponsorship added to F1 program — Sparco joined as the official racewear and technical apparel supplier for the Atlassian‑Williams F1 partnership, furthering co-marketing and brand exposure initiatives. Read More.
• Neutral Sentiment: Short-interest data is inconsistent across reports — some entries show a sizable January increase (≈7.49M shares, ~4.5% short interest, ~2.1 days to cover) while others report zero; data reliability is unclear, so short activity is not a confirmed driver based on these releases.
• Neutral Sentiment: Media coverage summarizes the mix of items pressuring shares today (insider sales, analyst action, lawsuit probe) and helps explain intraday volatility. Read More.
• Neutral Sentiment: Institutional moves: several hedge funds adjusted stakes in Q4 (some added exposure, others rebalanced). High institutional ownership (≈94%) can amplify moves but does not single-handedly predict direction.
• Negative Sentiment: Insider selling by founders/executives — CEO Michael Cannon‑Brookes and co‑founder/director Scott Farquhar each sold multiple blocks (7,665 shares at ~ $136.93 in the most recent filing), trimming their stakes by ~2.2%; repeated founder sales through January are a near‑term negative signal for sentiment. Read More.
• Negative Sentiment: Analyst action: Robert W. Baird trimmed its price target (lowering upside from $230 to $170), which reduces consensus near‑term upside and can pressure the stock. Read More.
• Negative Sentiment: Investor litigation probe: Pomerantz LLP announced an investigation into Atlassian, which raises legal risk and tends to weigh on sentiment until resolved. Read More.

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.