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

Atlassian (NASDAQ:TEAM) had its price objective cut by equities research analysts at Guggenheim from $225.00 to $190.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Guggenheim’s target price would indicate a potential upside of 102.82% from the company’s current price.

Several other analysts have also recently commented on TEAM. Macquarie lowered their target price on shares of Atlassian from $250.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. UBS Group reiterated a “neutral” rating and issued a $105.00 target price on shares of Atlassian in a research note on Friday. Piper Sandler set a $200.00 price target on Atlassian in a research note on Friday. Wells Fargo & Company reaffirmed an “overweight” rating and set a $155.00 price objective on shares of Atlassian in a research note on Friday. Finally, Mizuho cut their price objective on shares of Atlassian from $225.00 to $205.00 and set an “outperform” rating on the stock in a report on Friday. Twenty equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $192.72.

Atlassian Price Performance

TEAM stock traded down $4.73 during trading on Friday, hitting $93.68. The stock had a trading volume of 1,706,098 shares, compared to its average volume of 4,971,107. The stock has a market cap of $24.65 billion, a price-to-earnings ratio of -136.12, a price-to-earnings-growth 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. The company’s 50 day moving average price is $145.60 and its two-hundred day moving average price is $159.15. Atlassian has a 1-year low of $97.26 and a 1-year high of $326.00.

Insider Buying and Selling at Atlassian

In related news, Director Scott Farquhar sold 7,665 shares of the business’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $105.14, for a total value of $805,898.10. Following the completion of the sale, the director directly owned 291,270 shares of the company’s stock, valued at $30,624,127.80. The trade was a 2.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $105.14, for a total value of $805,898.10. Following the transaction, the chief executive officer owned 291,270 shares in the company, valued at $30,624,127.80. This trade represents a 2.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 551,049 shares of company stock worth $81,277,257 in the last ninety days. 36.66% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Atlassian

Several large investors have recently added to or reduced their stakes in TEAM. Capco Asset Management LLC bought a new stake in Atlassian during the 2nd quarter valued at $25,000. Physician Wealth Advisors Inc. raised its holdings in Atlassian by 60.4% during the third quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock worth $26,000 after purchasing an additional 61 shares in the last quarter. Atlantic Union Bankshares Corp lifted its position in Atlassian by 19,900.0% in the third quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company’s stock worth $32,000 after purchasing an additional 199 shares during the period. Board of the Pension Protection Fund bought a new position in Atlassian during the 4th quarter valued at $32,000. Finally, Bogart Wealth LLC increased its position in shares of Atlassian by 76.4% during the 4th quarter. Bogart Wealth LLC now owns 217 shares of the technology company’s stock valued at $35,000 after purchasing an additional 94 shares during the period. 94.45% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Q2 beat on top and bottom lines: Atlassian reported $1.22 EPS vs. $1.12 expected and revenue of $1.59B (vs. $1.54B est.), showing 23.3% revenue growth year-over-year — a near-term fundamental positive for revenue momentum. Earnings/Press Release
• Positive Sentiment: Management raised its fiscal 2026 revenue forecast, citing resilient enterprise software spending and accelerating AI adoption — this upward guidance supports longer-term revenue expectations. Reuters: Revenue Forecast Raised
• Positive Sentiment: Company highlights record cloud revenue and a target of 20%+ annual revenue growth through FY27, driven in part by AI integrations and expanding enterprise customers — a strategic positive if execution continues. Seeking Alpha: Growth Target
• Neutral Sentiment: Analysts trimmed price targets but kept favorable ratings: Morgan Stanley cut its target to $290 (still “overweight”), Mizuho lowered to $205 (“outperform”), and BTIG cut to $140 (“buy”) — these moves reduce near-term upside expectations but maintain positive analyst bias. Benzinga: Analyst Target Changes
• Negative Sentiment: Cantor Fitzgerald sharply cut its price target to $146; along with broader sector AI worries, this adds downward pressure on sentiment. Cantor Fitzgerald Target Cut
• Negative Sentiment: Insider selling by co-founders (disclosed sales of 7,665 shares each by Scott Farquhar and Michael Cannon-Brookes) has been flagged by the market as a negative catalyst. SEC Filing: Insider Sales
• Negative Sentiment: Market reaction: coverage noting that shares dipped despite the beat as investors worry cloud growth may slow and AI competition/feature releases elsewhere increase sector volatility. Investing.com: Shares Dip

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.