Atlassian (NASDAQ:TEAM) Price Target Cut to $105.00 by Analysts at BMO Capital Markets

Atlassian (NASDAQ:TEAM) had its price target dropped by analysts at BMO Capital Markets from $130.00 to $105.00 in a research note issued to investors on Friday. The brokerage currently has an “outperform” rating on the technology company’s stock. BMO Capital Markets’ price target suggests a potential upside of 53.08% from the company’s previous close.

A number of other research analysts have also recently issued reports on TEAM. Wells Fargo & Company decreased their price objective on shares of Atlassian from $155.00 to $120.00 and set an “overweight” rating for the company in a report on Tuesday, March 17th. Cantor Fitzgerald reissued an “overweight” rating and set a $98.00 price target on shares of Atlassian in a research report on Monday. Barclays reissued an “overweight” rating and issued a $106.00 price target on shares of Atlassian in a report on Friday. Morgan Stanley lowered their price objective on shares of Atlassian from $290.00 to $120.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Finally, UBS Group reaffirmed a “neutral” rating and set a $105.00 price objective on shares of Atlassian in a research note on Friday, February 6th. Twenty analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $151.52.

Atlassian Trading Down 2.7%

NASDAQ:TEAM opened at $68.59 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.62. Atlassian has a 1-year low of $56.01 and a 1-year high of $242.00. The firm has a market capitalization of $18.09 billion, a price-to-earnings ratio of -95.26 and a beta of 0.99. The business’s 50-day moving average price is $70.97 and its two-hundred day moving average price is $118.12.

Atlassian (NASDAQ:TEAM) last posted its earnings results on Friday, February 6th. The technology company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.10. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.54 billion. Atlassian had a negative return on equity of 6.33% and a negative net margin of 3.29%.The company’s revenue for the quarter was up 23.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.96 EPS. On average, equities analysts expect that Atlassian will post -0.01 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Michael Cannon-Brookes sold 7,665 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $94.81, for a total value of $726,718.65. Following the sale, the chief executive officer 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 can be accessed through this hyperlink. Also, CFO Joseph Leo Binz sold 1,653 shares of the company’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $81.35, for a total transaction of $134,471.55. Following the completion of the transaction, the chief financial officer directly owned 208,639 shares of the company’s stock, valued at approximately $16,972,782.65. The trade was a 0.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 52,003 shares of company stock valued at $5,338,804. 36.66% of the stock is owned by corporate insiders.

Institutional Trading of Atlassian

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

Trending Headlines about Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Q3 results materially beat expectations — revenue $1.79B (?+32% YoY) and non-GAAP EPS $1.75, topping Street estimates; management raised its FY revenue growth target (to ~24%), driving the post-earnings rally. Reuters: Atlassian beats quarterly revenue estimates
• Positive Sentiment: Company lifted its annual revenue forecast and highlighted AI-driven features and stronger enterprise sales as growth levers — management is positioning AI and deeper enterprise adoption as the path to sustain margins and revenue. Yahoo: Atlassian lifts annual revenue forecast
• Positive Sentiment: Atlassian Ventures invested in Riffle Resilience and Riffle launched an operational-resilience app on the Atlassian Marketplace — strategic Marketplace ecosystem growth and venture investments support product expansion and AI capabilities integrated into customer workflows. BusinessWire: Riffle launches on Atlassian Marketplace
• Neutral Sentiment: Investors can review the full Q3 commentary and call transcript for color on bookings, cloud migration cadence (including data-center-to-cloud contributions) and margin assumptions. Seeking Alpha: Q3 2026 earnings call transcript
• Neutral Sentiment: Management signaled mid?to?high single-digit cloud growth contribution from data-center migrations and noted Rovo usage growth of 20%+ month-over-month — positive product adoption signals but timing of revenue conversion remains incremental. MSN: Cloud growth from data-center migrations
• Negative Sentiment: At least one analyst trimmed TEAM’s price target (reported down ~12.9% to $146.60) immediately before earnings — a reminder of lingering analyst skepticism on valuation and execution despite the beat. MSN: Price target decreased

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.