Atlassian (NASDAQ:TEAM) Stock Price Target Lowered at Oppenheimer

Atlassian (NASDAQ:TEAM) had its target price reduced by equities researchers at Oppenheimer from $275.00 to $240.00 in a report issued on Friday, Benzinga reports. The firm currently has an “outperform” rating on the technology company’s stock. Oppenheimer‘s price target suggests a potential upside of 53.43% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. FBN Securities reissued an “outperform” rating and set a $170.00 price target on shares of Atlassian in a research report on Monday, August 10th. Royal Bank Of Canada raised their price objective on shares of Atlassian from $215.00 to $235.00 and gave the stock an “outperform” rating in a research report on Monday, October 12th. KeyCorp lifted their target price on shares of Atlassian from $185.00 to $235.00 and gave the stock an “overweight” rating in a research note on Monday, October 19th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Atlassian in a research note on Thursday, October 15th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $200.00 target price on shares of Atlassian in a report on Friday, August 7th. Twenty-four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $213.36.

Atlassian Price Performance

Shares of NASDAQ:TEAM traded down $26.86 during midday trading on Friday, hitting $156.43. The company had a trading volume of 3,942,818 shares, compared to its average volume of 5,485,729. Atlassian has a twelve month low of $56.01 and a twelve month high of $229.96. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a market cap of $39.60 billion, a price-to-earnings ratio of -824.50, a price-to-earnings-growth ratio of 20.25 and a beta of 1.16. The business’s 50-day simple moving average is $196.69 and its 200-day simple moving average is $119.39.

Atlassian (NASDAQ:TEAM) last issued its earnings results on Thursday, November 5th. The technology company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.26. Atlassian had a positive return on equity of 20.99% and a negative net margin of 0.82%. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the company earned $1.04 EPS. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. On average, research analysts predict that Atlassian will post 0.69 earnings per share for the current year.

Insiders Place Their Bets

In other Atlassian news, CRO Brian Duffy sold 7,617 shares of Atlassian stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $163.00, for a total transaction of $1,241,571.00. Following the completion of the sale, the executive directly owned 220,074 shares in the company, valued at $35,872,062. This trade represents a 3.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Gene Liu sold 1,125 shares of Atlassian stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $175.00, for a total transaction of $196,875.00. Following the sale, the chief accounting officer owned 56,807 shares of the company’s stock, valued at approximately $9,941,225. This represents a 1.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 22,475 shares of company stock valued at $3,822,643 over the last 90 days. 37.63% of the stock is owned by company insiders.

Institutional Trading of Atlassian

Several institutional investors have recently added to or reduced their stakes in the stock. Carmignac Gestion raised its holdings in shares of Atlassian by 115.8% in the 1st quarter. Carmignac Gestion now owns 2,603,770 shares of the technology company’s stock valued at $177,707,000 after buying an additional 1,397,402 shares during the period. KBC Group NV lifted its stake in Atlassian by 1,691.2% during the 1st quarter. KBC Group NV now owns 1,440,019 shares of the technology company’s stock worth $98,281,000 after acquiring an additional 1,359,624 shares in the last quarter. First Trust Advisors LP lifted its stake in Atlassian by 48.4% during the 1st quarter. First Trust Advisors LP now owns 2,349,842 shares of the technology company’s stock worth $160,377,000 after acquiring an additional 766,922 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in Atlassian by 947.7% during the 1st quarter. Quantinno Capital Management LP now owns 283,427 shares of the technology company’s stock valued at $19,344,000 after acquiring an additional 256,374 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in Atlassian by 111.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 469,100 shares of the technology company’s stock valued at $84,105,000 after acquiring an additional 247,540 shares during the period. Institutional investors and hedge funds own 94.45% of the company’s stock.

Key Stories Impacting Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Fiscal Q1 revenue was $1.77 billion, up 23.7% year over year and above the $1.71 billion consensus; adjusted EPS of $1.65 also topped the $1.39 estimate. Cloud revenue grew 31%, while remaining performance obligations rose 44% and Teamwork Collection customers increased sevenfold year over year. Read More.
• Positive Sentiment: Atlassian forecast FY2027 revenue of $7.5 billion, above analysts’ $7.4 billion estimate. Several analysts retained bullish ratings: Piper Sandler raised its target to $190, while Wells Fargo and BTIG lowered targets but kept “overweight” and “buy” ratings, respectively. Read More.
• Neutral Sentiment: Q2 FY2027 revenue guidance of $1.8 billion matched consensus, offering no clear near-term upside surprise. Read More.
• Negative Sentiment: The post-earnings decline suggests investors were more concerned about the growth outlook than the quarter’s beat. Reports highlighted questions around cloud-migration timing and AI monetization, while Wells Fargo and BTIG cut their price targets, tempering the positive analyst signals. Read More.

About Atlassian

Atlassian Corporation develops collaboration, project-management and workflow software for technology, business and service teams. Its products are designed to help organizations plan projects, manage software development, coordinate work and share knowledge across departments.

Its product portfolio includes Jira for project and issue tracking, Confluence for team collaboration and knowledge management, Jira Service Management for IT and enterprise service workflows, Trello for organizing tasks and projects, Loom for video messaging and screen recording, and Bitbucket for source-code management and collaboration.