Atlassian (NASDAQ:TEAM) Stock Gets Price Target Trim from Wells Fargo & Company

Atlassian (NASDAQ:TEAM) had its price target reduced by analysts at Wells Fargo & Company from $270.00 to $200.00 in a report released on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 29.62% from the stock’s current price.

TEAM has been the topic of several other reports. Morgan Stanley increased their target price on shares of Atlassian from $120.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. TD Cowen boosted their price target on Atlassian from $145.00 to $180.00 and gave the stock a “hold” rating in a research report on Tuesday. Royal Bank Of Canada boosted their price target on Atlassian from $215.00 to $235.00 and gave the stock an “outperform” rating in a research report on Monday, October 12th. Robert W. Baird upped their price target on Atlassian from $200.00 to $245.00 and gave the stock an “outperform” rating in a research note on Monday, September 28th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Atlassian in a report on Thursday, October 15th. Twenty-four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $214.76.

Atlassian Stock Down 15.8%

Shares of TEAM traded down $28.99 during mid-day trading on Friday, hitting $154.30. 2,678,563 shares of the company’s stock were exchanged, compared to its average volume of 5,476,701. The firm has a fifty day moving average of $196.69 and a two-hundred day moving average of $119.39. Atlassian has a twelve month low of $56.01 and a twelve month high of $229.96. The stock has a market cap of $39.06 billion, a price-to-earnings ratio of -811.29, a P/E/G ratio of 20.25 and a beta of 1.16. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.93.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings results on Thursday, November 5th. The technology company reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.26. Atlassian had a negative net margin of 0.82% and a positive return on equity of 20.99%. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter last year, the firm earned $1.04 EPS. Atlassian’s revenue for the quarter was up 23.7% on a year-over-year basis. On average, sell-side analysts forecast that Atlassian will post 0.69 earnings per share for the current year.

Insider Transactions at Atlassian

In related news, CFO James Chuong sold 9,054 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $172.45, for a total transaction of $1,561,362.30. Following the completion of the sale, the chief financial officer directly owned 279,218 shares of the company’s stock, valued at approximately $48,151,144.10. This represents a 3.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Brian Duffy sold 1,851 shares of the firm’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $172.45, for a total transaction of $319,204.95. Following the completion of the transaction, the executive owned 218,223 shares in the company, valued at $37,632,556.35. The trade was a 0.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 22,475 shares of company stock worth $3,822,643. 37.63% of the stock is owned by insiders.

Institutional Investors Weigh In On Atlassian

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Activest Wealth Management lifted its position in shares of Atlassian by 372.4% during the 3rd quarter. Activest Wealth Management now owns 137 shares of the technology company’s stock worth $25,000 after purchasing an additional 108 shares during the last quarter. Reyes Financial Architecture Inc. bought a new stake in Atlassian during the 3rd quarter valued at approximately $49,000. Fortitude Family Office LLC boosted its stake in Atlassian by 23.0% during the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the technology company’s stock valued at $52,000 after purchasing an additional 54 shares during the period. Physician Wealth Advisors Inc. boosted its stake in Atlassian by 142.4% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 337 shares of the technology company’s stock valued at $60,000 after purchasing an additional 198 shares during the period. Finally, Manning & Napier Advisors LLC acquired a new stake in Atlassian in the 2nd quarter valued at approximately $27,000. 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: For fiscal Q1 2027, Atlassian reported earnings of $1.65 per share, topping the $1.39 consensus, and revenue of $1.77 billion versus estimates of $1.71 billion. Revenue rose 23.7% year over year. The company also cited 44% growth in remaining performance obligations and a sevenfold increase in Teamwork Collection customers year over year. Atlassian Q1 fiscal 2027 results
• Positive Sentiment: Analyst views remained constructive: BTIG lowered its price target to $240 but kept a Buy rating, while Piper Sandler raised its target to $190 and maintained Overweight. BTIG Research ratings Piper Sandler ratings
• Neutral Sentiment: Management’s discussion of cloud-migration progress and AI monetization is a key focus for investors assessing whether new AI capabilities can translate into durable growth and revenue. Atlassian cloud migration and AI strategy
• Negative Sentiment: Despite beating quarterly estimates and issuing guidance described as above consensus, Atlassian’s stock dropped sharply after the report. Coverage pointed to concerns about the growth outlook and the possibility that strong results were not enough to meet elevated investor expectations. Atlassian Q3 CY2026 results and market reaction

Atlassian Company Profile

Atlassian Corporation develops collaboration, project-management and workflow software for technology, business and service teams. Its products are designed to help organizations plan projects, manage software development, coordinate work and share knowledge across departments.

Its product portfolio includes Jira for project and issue tracking, Confluence for team collaboration and knowledge management, Jira Service Management for IT and enterprise service workflows, Trello for organizing tasks and projects, Loom for video messaging and screen recording, and Bitbucket for source-code management and collaboration.