Atlassian (NASDAQ:TEAM) Price Target Lowered to $175.00 at Piper Sandler

Atlassian (NASDAQ:TEAM) had its target price reduced by Piper Sandler from $200.00 to $175.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. Piper Sandler’s price objective would indicate a potential upside of 105.40% from the company’s current price.

A number of other equities research analysts also recently weighed in on the company. Barclays raised their target price on Atlassian from $100.00 to $106.00 and gave the company an “overweight” rating in a report on Friday. Jefferies Financial Group set a $150.00 target price on Atlassian in a report on Friday, February 6th. Truist Financial set a $100.00 price objective on Atlassian in a report on Friday. BMO Capital Markets cut their price objective on Atlassian from $130.00 to $105.00 and set an “outperform” rating on the stock in a report on Friday. Finally, TD Cowen reissued a “hold” rating on shares of Atlassian in a report on Friday. Twenty analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Atlassian currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.22.

Atlassian Price Performance

Shares of TEAM stock traded up $16.61 during trading hours on Friday, reaching $85.20. The company’s stock had a trading volume of 12,599,918 shares, compared to its average volume of 6,781,485. The firm’s 50 day simple moving average is $70.97 and its 200-day simple moving average is $118.12. The company has a market capitalization of $22.47 billion, a price-to-earnings ratio of -118.14 and a beta of 0.99. Atlassian has a fifty-two week low of $56.01 and a fifty-two week high of $232.36. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.62.

Atlassian (NASDAQ:TEAM) last issued its earnings results on Friday, February 6th. The technology company reported $1.22 earnings per share 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 the consensus estimate of $1.54 billion. Atlassian had a negative return on equity of 6.33% and a negative net margin of 3.29%.The company’s revenue was up 23.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 EPS. Sell-side analysts forecast that Atlassian will post -0.01 earnings per share for the current year.

Insider Activity at Atlassian

In related news, CEO Michael Cannon-Brookes sold 7,665 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $94.81, for a total transaction of $726,718.65. Following the sale, the chief executive officer owned 275,940 shares in the company, valued at $26,161,871.40. This represents a 2.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Joseph Leo Binz sold 1,653 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $81.35, for a total value of $134,471.55. Following the sale, the chief financial officer owned 208,639 shares in the company, valued at approximately $16,972,782.65. The trade was a 0.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 52,003 shares of company stock worth $5,338,804 over the last quarter. 36.66% of the stock is owned by company insiders.

Institutional Investors Weigh In On Atlassian

Several institutional investors and hedge funds have recently made changes to their positions in the business. SBI Securities Co. Ltd. grew its holdings in shares of Atlassian by 50.7% in the third quarter. SBI Securities Co. Ltd. now owns 40,546 shares of the technology company’s stock valued at $6,475,000 after acquiring an additional 13,643 shares in the last quarter. OFI Invest Asset Management grew its holdings in shares of Atlassian by 16.3% in the fourth quarter. OFI Invest Asset Management now owns 254,551 shares of the technology company’s stock valued at $41,273,000 after acquiring an additional 35,682 shares in the last quarter. Baillie Gifford & Co. grew its holdings in shares of Atlassian by 3.9% in the fourth quarter. Baillie Gifford & Co. now owns 8,431,802 shares of the technology company’s stock valued at $1,367,132,000 after acquiring an additional 316,276 shares in the last quarter. Exane Asset Management grew its holdings in shares of Atlassian by 419.9% in the fourth quarter. Exane Asset Management now owns 31,363 shares of the technology company’s stock valued at $5,085,000 after acquiring an additional 25,330 shares in the last quarter. Finally, Intech Investment Management LLC lifted its stake in Atlassian by 180.3% in the third quarter. Intech Investment Management LLC now owns 140,984 shares of the technology company’s stock valued at $22,515,000 after purchasing an additional 90,692 shares during the last quarter. 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: Q3 results and guidance raise — Atlassian beat top- and bottom-line estimates, showed ~32% revenue growth, reported $1.75 EPS vs. consensus ~1.33, and raised FY revenue-growth guidance to roughly 24%, a direct catalyst for the rally. Atlassian beats Q3 earnings estimates, raises full-year revenue outlook
• Positive Sentiment: Cloud and AI momentum — Management cited strong cloud expansion and AI product improvements (and growing enterprise traction) as primary growth drivers, supporting both near-term results and the higher revenue outlook. Atlassian Corp (TEAM) Q3 2026 Earnings Call Highlights: Record Revenue Growth and AI Advancements
• Positive Sentiment: Street reaction and sector lift — The earnings beat helped lift other beaten-down SaaS names and prompted buy-side interest; some analysts and strategists are re-evaluating the group, which amplified the stock move. Morgan Stanley Says It’s Time to Buy These 2 Beaten-Down SaaS Stocks
• Positive Sentiment: Improved unit economics guidance — Atlassian nudged up its cloud/data-center revenue and adjusted margin outlooks, suggesting better profitability leverage if growth persists. Atlassian lifts annual revenue forecast as AI features, enterprise sales boost growth
• Neutral Sentiment: Atlassian Ventures deal — Investment in Riffle and a new Marketplace app highlights ecosystem/AI strategy, but its immediate financial impact is likely limited. Riffle Launches Operational Resilience Application on Atlassian Marketplace During Team ’26 with Investment from Atlassian Ventures
• Neutral Sentiment: Analyst price-target moves — BMO trimmed its price target (from $130 to $105) while keeping an outperform stance; analysts are adjusting models to reflect both stronger growth and longer-term valuation uncertainty.
• Negative Sentiment: Ongoing risks — The stock remains volatile after a large multi‑quarter decline; investors should weigh execution risks (data-center/pricing dynamics noted on the call), tougher macro/enterprise spending and valuation uncertainty despite the beat. Is It Time To Reconsider Atlassian (TEAM) After A 70% Share Price Slump?

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.