Atlassian (NASDAQ:TEAM) Stock Price Target Lowered at Jefferies Financial Group

Atlassian (NASDAQ:TEAM) had its price target reduced by Jefferies Financial Group from $245.00 to $190.00 in a research note released on Friday morning,Benzinga reports. Jefferies Financial Group currently has a buy rating on the technology company’s stock.

TEAM has been the topic of a number of other reports. BMO Capital Markets restated an “outperform” rating and issued a $225.00 price target on shares of Atlassian in a research note on Friday, October 30th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Atlassian in a research report on Thursday, October 15th. UBS Group reissued a “buy” rating on shares of Atlassian in a research note on Friday. Truist Financial restated a “buy” rating and issued a $200.00 target price (down from $250.00) on shares of Atlassian in a research report on Friday. Finally, Wells Fargo & Company decreased their target price on shares of Atlassian from $270.00 to $200.00 and set an “overweight” rating on the stock in a research note on Friday. Twenty-four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $210.96.

Atlassian Price Performance

Shares of TEAM stock traded down $29.61 on Friday, hitting $153.68. 7,474,600 shares of the company’s stock were exchanged, compared to its average volume of 2,508,672. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.78 and a quick ratio of 0.78. Atlassian has a 12 month low of $56.01 and a 12 month high of $229.96. The stock has a market cap of $38.90 billion, a P/E ratio of 426.90, a price-to-earnings-growth ratio of 19.95 and a beta of 1.16. The company has a 50 day moving average of $196.05 and a 200 day moving average of $119.57.

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

Insider Buying and Selling

In other Atlassian news, CFO James Chuong sold 9,054 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer directly owned 279,218 shares of the company’s stock, valued at $48,151,144.10. The trade was a 3.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $172.45, for a total transaction of $319,204.95. Following the sale, the executive directly 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. Insiders have sold a total of 22,475 shares of company stock worth $3,822,643 in the last ninety days. Company insiders own 37.63% of the company’s stock.

Institutional Trading of Atlassian

Several institutional investors have recently modified their holdings of the business. Carmignac Gestion increased its holdings in Atlassian by 115.8% in the first quarter. Carmignac Gestion now owns 2,603,770 shares of the technology company’s stock valued at $177,707,000 after purchasing an additional 1,397,402 shares during the period. First Trust Advisors LP grew its position in shares of Atlassian by 48.4% in the 1st quarter. First Trust Advisors LP now owns 2,349,842 shares of the technology company’s stock valued at $160,377,000 after buying an additional 766,922 shares during the last quarter. KBC Group NV grew its position in shares of Atlassian by 1,691.2% in the 1st quarter. KBC Group NV now owns 1,440,019 shares of the technology company’s stock valued at $98,281,000 after buying an additional 1,359,624 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Atlassian by 111.7% in the third quarter. Assenagon Asset Management S.A. now owns 469,100 shares of the technology company’s stock valued at $84,105,000 after buying an additional 247,540 shares during the period. Finally, Artemis Investment Management LLP increased its stake in shares of Atlassian by 53.0% in the third quarter. Artemis Investment Management LLP now owns 461,537 shares of the technology company’s stock valued at $82,749,000 after buying an additional 159,884 shares during the period. Institutional investors own 94.45% of the company’s stock.

Trending Headlines about Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Fiscal Q1 revenue rose 23.7% year over year to $1.77 billion, while adjusted EPS of $1.65 topped the $1.39 consensus. Cloud revenue grew 30.5%, and the company reported stronger margins and free cash flow. Atlassian Q1 results
• Positive Sentiment: AI-related adoption showed momentum: Teamwork Collection customers grew sevenfold year over year, and remaining performance obligations increased 44%. Atlassian also guided to $7.5 billion in FY2027 revenue, above the $7.4 billion consensus. Q1 earnings call highlights
• Positive Sentiment: Piper Sandler raised its price target to $190 and kept an “overweight” rating, signaling continued optimism despite the post-earnings concerns. Piper Sandler target update
• Negative Sentiment: The main concern is deceleration: Atlassian expects next-quarter cloud growth of 27%, below Q1’s 30.5%, and increased its full-year cloud growth outlook only modestly, from 25.5% to 26%. Management cited timing-related Data Center revenue effects, dampening the impact of the quarterly beat. Cloud growth outlook
• Negative Sentiment: Several firms cut price targets, including Truist ($250 to $200), Wells Fargo ($270 to $200), and Oppenheimer ($275 to $240), though they maintained positive ratings. These reductions underscore investor concerns about growth expectations after the results. Truist rating update

About Atlassian

Atlassian Corporation develops collaboration and productivity software for software, IT and business teams. Its products help organizations plan and track work, manage software development and support services, and share information across teams.

Its product portfolio includes Jira for project and issue tracking, Confluence for team documentation and collaboration, Jira Service Management for IT and other service teams, Trello for visual work management, and Bitbucket for code collaboration.