Atlassian (NASDAQ:TEAM) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of Atlassian (NASDAQ:TEAM) from a buy rating to a hold rating in a report issued on Saturday.

Other analysts have also recently issued research reports about the stock. KeyCorp cut their target price on shares of Atlassian from $210.00 to $170.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Zacks Research lowered Atlassian from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Wells Fargo & Company reduced their target price on Atlassian from $216.00 to $155.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Truist Financial set a $210.00 price target on Atlassian in a research note on Friday, October 31st. Finally, Barclays reduced their price objective on Atlassian from $215.00 to $165.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Twenty research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Atlassian currently has a consensus rating of “Moderate Buy” and a consensus price target of $189.32.

Atlassian Stock Down 2.4%

Atlassian stock opened at $84.38 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.89 and a quick ratio of 1.26. The stock has a market capitalization of $22.20 billion, a PE ratio of -117.19, a price-to-earnings-growth ratio of 70.43 and a beta of 0.88. The business has a 50 day simple moving average of $137.78 and a 200-day simple moving average of $154.23. Atlassian has a 12 month low of $83.17 and a 12 month high of $316.99.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings results on Thursday, February 5th. The technology company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.10. The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Atlassian had a negative net margin of 3.29% and a negative return on equity of 6.33%. The firm’s revenue for the quarter was up 23.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.96 EPS. On average, analysts anticipate that Atlassian will post -0.34 EPS for the current fiscal year.

Insiders Place Their Bets

In other Atlassian news, CEO Michael Cannon-Brookes sold 7,665 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $146.62, for a total value of $1,123,842.30. Following the completion of the sale, the chief executive officer directly owned 183,960 shares of the company’s stock, valued at $26,972,215.20. This trade represents a 4.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction on Monday, November 24th. The stock was sold at an average price of $146.62, for a total value of $1,123,842.30. Following the transaction, the director owned 183,960 shares in the company, valued at approximately $26,972,215.20. This represents a 4.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 513,177 shares of company stock worth $74,514,517 in the last three months. 36.66% of the stock is currently owned by corporate insiders.

Institutional Trading of Atlassian

Several hedge funds have recently made changes to their positions in the company. SBI Securities Co. Ltd. grew its position in shares of Atlassian by 50.7% during the third quarter. SBI Securities Co. Ltd. now owns 40,546 shares of the technology company’s stock worth $6,475,000 after acquiring an additional 13,643 shares during the last quarter. Mediolanum International Funds Ltd boosted its stake in Atlassian by 108.4% during the 3rd quarter. Mediolanum International Funds Ltd now owns 41,963 shares of the technology company’s stock worth $6,937,000 after purchasing an additional 21,829 shares during the period. Nordea Investment Management AB grew its position in Atlassian by 20.3% during the 3rd quarter. Nordea Investment Management AB now owns 721,690 shares of the technology company’s stock worth $114,695,000 after purchasing an additional 121,541 shares during the last quarter. Allianz Asset Management GmbH increased its stake in Atlassian by 28.6% in the second quarter. Allianz Asset Management GmbH now owns 102,194 shares of the technology company’s stock valued at $20,755,000 after purchasing an additional 22,701 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Atlassian by 3.7% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 258,299 shares of the technology company’s stock valued at $52,458,000 after buying an additional 9,274 shares during the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Key Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Coverage noting Atlassian’s strong presence within the Nasdaq tech complex, highlighting visibility among peers and potential long-term market positioning. Atlassian (NASDAQ:TEAM) Shows Strong Nasdaq Composite Presence In Tech
• Neutral Sentiment: Recaps and Q&A from Atlassian’s Q4 earnings call providing detail on execution and management commentary — useful for fundamentals but not a clear immediate catalyst. The 5 most interesting analyst questions from Atlassian’s Q4 earnings call
• Neutral Sentiment: Coverage of Atlassian’s strategic shift (global changes and AI initiatives) that could support longer-term revenue/positioning; article frames these moves against a recent share-price slump — mixed near-term impact. Atlassian’s Global Shift And AI Push Versus Recent Share Price Slump
• Neutral Sentiment: Reported short-interest entries for Feb 12–13 show anomalous data (0 shares / NaN change and a 0.0 days ratio). The figures are unreliable as published and don’t provide a clear short-squeeze or bearish signal today.
• Negative Sentiment: Zacks published a bearish feature on TEAM (“Bear of the Day”), highlighting deteriorating sentiment versus prior highs — negative press that can amplify selling. Bear of the Day: Atlassian (TEAM)
• Negative Sentiment: Zacks Research downgraded TEAM from “hold” to “strong sell,” a formal analyst downgrade that increases downside pressure by signaling weaker near-term expectations. Zacks.com
• Negative Sentiment: Citi cut its price target on TEAM from $210 to $160, trimming upside expectations from a major sell-side firm — another direct hit to valuation sentiment. Citi cuts PT on Atlassian Corporation (TEAM) to $160 from $210 – here’s why
• Negative Sentiment: Pomerantz LLP opened an investor investigation into Atlassian, introducing legal risk and potential liability concerns that typically weigh on shares until resolved. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf Of Investors of Atlassian Corporation – TEAM

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.