Atlassian (NASDAQ:TEAM) Price Target Lowered to $185.00 at Mizuho

Atlassian (NASDAQ:TEAM) had its price objective decreased by Mizuho from $205.00 to $185.00 in a research note issued to investors on Thursday morning, Marketbeat Ratings reports. Mizuho currently has an outperform rating on the technology company’s stock.

Several other research analysts have also weighed in on the company. Morgan Stanley cut 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, February 6th. Guggenheim dropped their price target on Atlassian from $225.00 to $190.00 and set a “buy” rating for the company in a research note on Friday, February 6th. BTIG Research cut their price objective on Atlassian from $220.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Canaccord Genuity Group set a $185.00 price objective on Atlassian in a research note on Friday, February 6th. Finally, Sanford C. Bernstein boosted their target price on Atlassian from $290.00 to $304.00 and gave the stock an “outperform” rating in a report on Tuesday, November 18th. Twenty-one investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $185.12.

Atlassian Price Performance

Atlassian stock opened at $73.34 on Thursday. Atlassian has a 1 year low of $67.85 and a 1 year high of $242.00. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a 50 day moving average price of $105.78 and a 200 day moving average price of $141.77. The company has a market cap of $19.34 billion, a price-to-earnings ratio of -101.86, a PEG ratio of 298.87 and a beta of 0.94.

Atlassian (NASDAQ:TEAM) last posted its quarterly 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 net margin of 3.29% and a negative return on equity of 6.33%. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the firm posted $0.96 earnings per share. Atlassian’s revenue was up 23.3% on a year-over-year basis. Sell-side analysts predict that Atlassian will post -0.34 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Scott Farquhar sold 7,665 shares of the business’s stock in a transaction that occurred 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 transaction, the director directly owned 275,940 shares of the company’s stock, valued at approximately $26,161,871.40. The trade was a 2.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CRO Brian Duffy sold 1,222 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $81.35, for a total value of $99,409.70. Following the completion of the transaction, the executive owned 124,332 shares of the company’s stock, valued at approximately $10,114,408.20. This represents a 0.97% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 343,273 shares of company stock valued at $48,101,379. 36.66% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TEAM. Vanguard Group Inc. grew its holdings in Atlassian by 0.3% during 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 purchasing an additional 61,706 shares in the last quarter. Baillie Gifford & Co. increased its stake in Atlassian by 3.9% during 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 period. AQR Capital Management LLC lifted its holdings in Atlassian by 291.4% in the 4th quarter. AQR Capital Management LLC now owns 7,749,694 shares of the technology company’s stock worth $1,256,535,000 after buying an additional 5,769,788 shares in the last quarter. Morgan Stanley boosted its position in Atlassian by 52.4% in the 4th quarter. Morgan Stanley now owns 4,822,007 shares of the technology company’s stock valued at $781,841,000 after buying an additional 1,657,309 shares during the last quarter. Finally, State Street Corp boosted its position in Atlassian by 3.3% in the 4th quarter. State Street Corp now owns 3,995,100 shares of the technology company’s stock valued at $647,766,000 after buying an additional 127,105 shares during the last quarter. 94.45% of the stock is owned by institutional investors and hedge funds.

Key Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Management says cuts will “self‑fund” AI and enterprise investments and accelerate the path to sustained profitability, which investors often view as a constructive cost/reinvestment tradeoff. Atlassian to lay off about 1,600 people in pivot to AI
• Positive Sentiment: Several outlets reported an initial positive market reaction to the layoffs (short‑term rally as investors reward cost discipline and AI focus). Atlassian shares rise after workforce reduction announcement
• Positive Sentiment: Mizuho lowered its price target from $205 to $185 but kept an “outperform” rating, signaling some analyst confidence in a recovery scenario despite near‑term uncertainty. PT lowered to $185 at Mizuho
• Neutral Sentiment: Short‑interest data in the feed shows zero shares shorted (likely a reporting anomaly) and is not informative for positioning right now. (No external link — data appears erroneous.)
• Neutral Sentiment: CEO communications emphasized a “human” approach to the layoffs; tone may limit reputational damage but doesn’t change the operational impact. Atlassian to Cut 10% of Jobs Citing AI. But Its CEO Used a Human Touch for the Layoffs.
• Negative Sentiment: Roughly 900 of the affected roles are in R&D — cuts to engineering/research staff could slow product development or delay AI initiatives, raising execution risk. Atlassian to reduce headcount by 10% as it restructures around AI
• Negative Sentiment: Leadership churn: the CTO is leaving amid the restructuring, which can increase short‑term uncertainty about execution. Atlassian layoffs impact 63 workers in Washington as CTO steps down
• Negative Sentiment: Bearish coverage and price‑prediction pieces highlight downside risk and lingering concerns about growth and margins; such narratives can pressure sentiment even if fundamentals improve later. Atlassian Price Prediction: Down 66%, TEAM Could Hit $185 Next

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.