Atlassian (NASDAQ:TEAM) Given New $140.00 Price Target at BTIG Research

Atlassian (NASDAQ:TEAM) had its target price dropped by equities researchers at BTIG Research from $220.00 to $140.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. BTIG Research’s price objective would indicate a potential upside of 42.26% from the company’s previous close.

Several other analysts have also commented on TEAM. Truist Financial set a $210.00 price objective on Atlassian in a report on Friday, October 31st. Weiss Ratings reiterated a “sell (e+)” rating on shares of Atlassian in a research report on Wednesday, January 21st. Robert W. Baird dropped their target price on Atlassian from $230.00 to $170.00 and set an “outperform” rating on the stock in a research report on Monday, January 26th. KeyCorp cut their price target on shares of Atlassian from $250.00 to $210.00 and set an “overweight” rating for the company in a report on Thursday, October 23rd. Finally, BMO Capital Markets reduced their target price on Atlassian from $195.00 to $135.00 and set an “outperform” rating for the company in a report on Wednesday. Twenty investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Atlassian has an average rating of “Moderate Buy” and a consensus target price of $211.80.

Atlassian Price Performance

Shares of TEAM stock opened at $98.41 on Friday. 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 company’s 50-day simple moving average is $145.60 and its two-hundred day simple moving average is $159.15. The company has a market capitalization of $25.89 billion, a P/E ratio of -138.60, a P/E/G ratio of 16.27 and a beta of 0.88. Atlassian has a one year low of $97.93 and a one year high of $326.00.

Insider Activity

In other Atlassian news, Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $153.77, for a total transaction of $1,178,647.05. Following the completion of the sale, the director directly owned 237,615 shares of the company’s stock, valued at $36,538,058.55. The trade was a 3.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $153.77, for a total transaction of $1,178,647.05. Following the sale, the chief executive officer owned 237,615 shares in the company, valued at $36,538,058.55. This represents a 3.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 551,049 shares of company stock worth $81,277,257. 36.66% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Physician Wealth Advisors Inc. boosted its stake in shares of Atlassian by 60.4% in the third quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock valued at $26,000 after purchasing an additional 61 shares during the period. GAMMA Investing LLC lifted its holdings in Atlassian by 12.0% during the 4th quarter. GAMMA Investing LLC now owns 615 shares of the technology company’s stock worth $100,000 after buying an additional 66 shares during the last quarter. Snowden Capital Advisors LLC boosted its holdings in Atlassian by 1.6% in the second quarter. Snowden Capital Advisors LLC now owns 4,464 shares of the technology company’s stock worth $907,000 after purchasing an additional 71 shares during the period. Financial Perspectives Inc grew its position in shares of Atlassian by 11.7% during the 4th quarter. Financial Perspectives Inc now owns 718 shares of the technology company’s stock valued at $116,000 after buying an additional 75 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in shares of Atlassian by 0.3% during the 2nd quarter. Cetera Investment Advisers now owns 24,808 shares of the technology company’s stock worth $5,038,000 after purchasing an additional 79 shares during the period. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Key Stories Impacting Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Q2 results beat consensus — EPS $1.22 vs $1.12 est. and revenue $1.59B (up 23% YoY), showing healthy top-line momentum. Article Title
• Positive Sentiment: Management raised FY‑2026 revenue outlook (now ~$6.4B) and issued Q3 revenue guidance (~$1.7B), signaling confidence in enterprise demand and AI-driven spending. Article Title
• Positive Sentiment: Company reports record cloud revenue and emphasizes AI integration and enterprise expansion, targeting 20%+ annual revenue growth through FY27 — a multi-year growth plan investors can model. Article Title
• Neutral Sentiment: Management commentary and the full earnings-call transcript provide detail on AI product roadmap and enterprise wins — useful for longer-term thesis but not an immediate sentiment swing. Article Title
• Negative Sentiment: Market flagged deceleration in cloud growth expectations despite the beat, a key near-term risk for valuation multiples and analyst models. Article Title
• Negative Sentiment: Analysts trimmed price targets (Cantor Fitzgerald and BMO among them), reflecting heightened uncertainty on AI monetization and growth pacing. Article Title
• Negative Sentiment: Insider selling disclosed: co‑founders sold shares (~7,665 shares each), which amplified downward pressure amid an already cautious tape. Article Title
• Negative Sentiment: Wider software sector weakness and renewed AI-related fears pressured cloud/software multiples today, dragging TEAM along with peers. Article Title

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.