BMO Capital Markets Has Lowered Expectations for Atlassian (NASDAQ:TEAM) Stock Price

Atlassian (NASDAQ:TEAM) had its price objective dropped by research analysts at BMO Capital Markets from $195.00 to $135.00 in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The brokerage currently has an “outperform” rating on the technology company’s stock. BMO Capital Markets’ target price would suggest a potential upside of 28.57% from the company’s current price.

TEAM has been the topic of a number of other research reports. Citigroup lowered their target price on Atlassian from $240.00 to $210.00 and set a “buy” rating on the stock in a report on Friday, January 16th. UBS Group set a $145.00 price objective on shares of Atlassian in a research note on Tuesday, January 27th. Truist Financial set a $210.00 price objective on shares of Atlassian in a report on Friday, October 31st. Robert W. Baird reduced their target price on shares of Atlassian from $230.00 to $170.00 and set an “outperform” rating for the company in a report on Monday, January 26th. Finally, Jefferies Financial Group set a $262.00 price target on shares of Atlassian in a research note on Thursday, January 15th. Twenty analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $225.20.

Atlassian Stock Performance

Shares of TEAM opened at $105.00 on Wednesday. Atlassian has a 52 week low of $100.92 and a 52 week high of $326.00. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.72. The stock has a market cap of $27.63 billion, a P/E ratio of -147.89, a P/E/G ratio of 17.61 and a beta of 0.88. The business’s 50 day moving average price is $147.45 and its 200-day moving average price is $159.96.

Insider Activity at Atlassian

In related news, Director Scott Farquhar sold 7,665 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $116.40, for a total value of $892,206.00. Following the transaction, the director directly owned 306,600 shares of the company’s stock, valued at approximately $35,688,240. The trade was a 2.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the business’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $116.40, for a total transaction of $892,206.00. Following the completion of the transaction, the chief executive officer directly owned 306,600 shares in the company, valued at $35,688,240. This trade represents a 2.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 551,049 shares of company stock worth $82,050,502 in the last three months. 36.66% of the stock is owned by corporate insiders.

Institutional Trading of Atlassian

Large investors have recently made changes to their positions in the business. Capco Asset Management LLC bought a new stake in Atlassian during the 2nd quarter valued at about $25,000. Physician Wealth Advisors Inc. lifted its stake in shares of Atlassian by 60.4% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock worth $26,000 after purchasing an additional 61 shares during the last quarter. Atlantic Union Bankshares Corp boosted its holdings in shares of Atlassian by 19,900.0% in 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 in the last quarter. Board of the Pension Protection Fund acquired a new stake in Atlassian in the fourth quarter valued at approximately $32,000. Finally, Bogart Wealth LLC boosted its position in shares of Atlassian by 76.4% in the 4th quarter. Bogart Wealth LLC now owns 217 shares of the technology company’s stock worth $35,000 after purchasing an additional 94 shares in the last quarter. 94.45% of the stock is currently owned by institutional investors.

Key Stories Impacting Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Atlassian announced a multi‑year partnership that integrates Anthropic’s Claude as the Atlassian Williams F1 Team’s “Official Thinking Partner,” reinforcing the company’s AI positioning and raising brand/partnership visibility that could support product and commercial AI initiatives. Read More.
• Positive Sentiment: Analyst previews (Zacks) expect Q2 to benefit from cloud adoption, AI tooling and steady demand for Jira/Confluence — fundamentals that could limit downside at upcoming earnings and support a recovery if results/guidance align. Read More.
• Positive Sentiment: Several outlets and analysts highlight large upside tied to AI adoption, providing a thematic bullish case that could attract long‑term buyers if execution follows. Read More.
• Neutral Sentiment: Marketing/PR from the Williams F1 deal (new livery, ads) boosts visibility but is unlikely to move fundamentals by itself. Read More.
• Neutral Sentiment: Reported short interest data in recent filings shows effectively zero reported short shares and a 0.0 days‑to‑cover figure — currently an immaterial technical factor for near‑term price pressure.
• Negative Sentiment: CEO Michael Cannon‑Brookes sold 7,665 shares (recent filing), part of a series of repeated insider sales in January/early February; such visible executive selling is creating near‑term negative sentiment and likely contributing to today’s decline. Read More.
• Negative Sentiment: Co‑founder/director Scott Farquhar sold identical blocks on the same dates — combined sales from both founders amplify investor concern about insider conviction and have likely pressured the stock. Read More.

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.