Mizuho Cuts Atlassian (NASDAQ:TEAM) Price Target to $225.00

Atlassian (NASDAQ:TEAM) had its price target trimmed by Mizuho from $245.00 to $225.00 in a research report sent to investors on Wednesday morning, Marketbeat.com reports. The brokerage currently has an outperform rating on the technology company’s stock.

Several other equities analysts also recently issued reports on the company. Robert W. Baird set a $230.00 price objective on Atlassian in a research report on Friday, October 31st. BMO Capital Markets boosted their price target on Atlassian from $190.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Weiss Ratings reissued a “sell (e+)” rating on shares of Atlassian in a report on Wednesday, October 8th. Zacks Research raised shares of Atlassian from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. Finally, Macquarie lowered their target price on shares of Atlassian from $250.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. Twenty-one equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $235.38.

Atlassian Price Performance

Shares of TEAM opened at $131.75 on Wednesday. Atlassian has a 12 month low of $115.53 and a 12 month high of $326.00. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a fifty day moving average price of $150.71 and a 200 day moving average price of $164.12. The company has a market cap of $34.66 billion, a P/E ratio of -185.56, a PEG ratio of 19.89 and a beta of 0.88.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.21. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.11%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was up 20.6% compared to the same quarter last year. On average, research analysts forecast that Atlassian will post -0.34 earnings per share for the current year.

Insider Activity at Atlassian

In related news, Director Scott Farquhar sold 7,665 shares of the firm’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $126.11, for a total value of $966,633.15. Following the completion of the transaction, the director owned 360,255 shares of the company’s stock, valued at approximately $45,431,758.05. This trade represents a 2.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the business’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $126.11, for a total transaction of $966,633.15. Following the sale, the chief executive officer directly owned 360,255 shares in the company, valued at approximately $45,431,758.05. This trade represents a 2.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 566,379 shares of company stock valued at $86,964,840. 36.66% of the stock is owned by insiders.

Institutional Investors Weigh In On Atlassian

Institutional investors have recently bought and sold shares of the business. Capco Asset Management LLC purchased a new stake in shares of Atlassian in the second quarter worth approximately $25,000. Physician Wealth Advisors Inc. increased its stake in Atlassian by 60.4% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock valued at $26,000 after buying an additional 61 shares during the period. Geneos Wealth Management Inc. lifted 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 worth $42,000 after buying an additional 161 shares in the last quarter. Atlantic Union Bankshares Corp boosted its stake in shares of Atlassian by 19,900.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company’s stock valued at $32,000 after buying an additional 199 shares during the period. Finally, Board of the Pension Protection Fund acquired a new stake in shares of Atlassian during the 4th quarter valued at $32,000. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Atlassian exec Shamik Sharma outlines an AI “ticketless” vision that could streamline service workflows and help drive product differentiation and enterprise adoption. Ticketless Future with AI
• Positive Sentiment: Event coverage from Atlassian’s Team on Tour (Bengaluru) highlights AI features positioning the product as a teammate for users — a narrative that supports upside if adoption accelerates. When AI becomes a teammate
• Positive Sentiment: MarketBeat argues TEAM is deeply oversold ahead of earnings, notes several buy/Outperform reiterations (Mizuho, Citi, Piper Sandler, BTIG) and says fundamentals/revenue trends still look solid — a potential catalyst if Atlassian again beats estimates. Atlassian Has Been Crushed—But the Setup Into Earnings Is Shifting
• Neutral Sentiment: Brokerage consensus remains “Moderate Buy” by count, reflecting mixed analyst views even as some firms lower targets but keep positive ratings. This keeps the stock tethered to next earnings and guidance. Consensus Recommendation: Moderate Buy
• Neutral Sentiment: Valuation pieces note short‑term pain from AI concern noise and Data Center/cloud pricing changes; these analyses assess whether the sell‑off already prices in slower growth or overstates disruption risk. Assessing Atlassian Valuation
• Negative Sentiment: Mizuho and TD Cowen have signaled more cautious views recently — Mizuho (per some reports) trimmed forecasts/targets and TD Cowen cut its target and moved to Hold — reducing near‑term upside expectations. Mizuho Issues Pessimistic Forecast
• Negative Sentiment: Analyst downgrades and note-driven skepticism have pushed TEAM to new multi‑year/52‑week lows in recent sessions, which can trigger additional selling and margin pressure ahead of a definitive rebound. Hits New 52-Week Low After Analyst Downgrade
• Negative Sentiment: Founder/director insider sales (Scott Farquhar and others) — repeated small sells in January — have been disclosed and some investors view these as a negative signal even though founders retain large stakes. Scott Farquhar Sells Shares

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.