Guggenheim Lowers Atlassian (NASDAQ:TEAM) Price Target to $190.00

Atlassian (NASDAQ:TEAM) had its price target reduced by research analysts at Guggenheim from $225.00 to $190.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Guggenheim’s target price points to a potential upside of 102.82% from the company’s previous close.

Several other research analysts have also weighed in on TEAM. Citigroup lowered their price objective on Atlassian from $240.00 to $210.00 and set a “buy” rating for the company in a research report on Friday, January 16th. Mizuho reduced their price objective on shares of Atlassian from $225.00 to $205.00 and set an “outperform” rating on the stock in a report on Friday. Robert W. Baird lowered their target price on shares of Atlassian from $230.00 to $170.00 and set an “outperform” rating for the company in a research note on Monday, January 26th. Cantor Fitzgerald decreased their price objective on shares of Atlassian from $240.00 to $146.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, TD Cowen dropped their target price on shares of Atlassian from $205.00 to $175.00 and set a “hold” rating for the company in a report on Tuesday, January 20th. Twenty equities research 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $192.72.

Atlassian Trading Down 4.8%

Atlassian stock traded down $4.73 during midday trading on Friday, hitting $93.68. 1,706,098 shares of the stock were exchanged, compared to its average volume of 4,971,107. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $24.65 billion, a price-to-earnings ratio of -136.12, a PEG ratio of 16.27 and a beta of 0.88. The stock’s 50-day simple moving average is $145.60 and its 200 day simple moving average is $159.15. Atlassian has a fifty-two week low of $97.26 and a fifty-two week high of $326.00.

Insider Activity

In other news, President Anutthara Bharadwaj sold 9,847 shares of the business’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $152.46, for a total value of $1,501,273.62. Following the completion of the sale, the president directly owned 242,092 shares of the company’s stock, valued at approximately $36,909,346.32. The trade was a 3.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Scott Farquhar sold 7,665 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $153.77, for a total value of $1,178,647.05. Following the transaction, the director owned 237,615 shares in the company, valued at $36,538,058.55. This represents a 3.13% decrease in their position. 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. Corporate insiders own 36.66% of the company’s stock.

Hedge Funds Weigh In On Atlassian

A number of hedge funds have recently modified their holdings of TEAM. DNB Asset Management AS increased its position in shares of Atlassian by 266.6% in the third quarter. DNB Asset Management AS now owns 2,806,888 shares of the technology company’s stock valued at $448,260,000 after buying an additional 2,041,210 shares in the last quarter. Norges Bank acquired a new stake in Atlassian in the 2nd quarter valued at about $377,794,000. Artisan Partners Limited Partnership increased its holdings in Atlassian by 66.3% during the 2nd quarter. Artisan Partners Limited Partnership now owns 3,878,133 shares of the technology company’s stock valued at $787,610,000 after acquiring an additional 1,545,546 shares in the last quarter. Pictet Asset Management Holding SA raised its position in Atlassian by 38.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 3,950,852 shares of the technology company’s stock worth $640,628,000 after acquiring an additional 1,090,787 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Atlassian by 6.0% in the third quarter. Vanguard Group Inc. now owns 18,479,561 shares of the technology company’s stock valued at $2,951,186,000 after purchasing an additional 1,049,483 shares in the last quarter. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Q2 beat on top and bottom lines: Atlassian reported $1.22 EPS vs. $1.12 expected and revenue of $1.59B (vs. $1.54B est.), showing 23.3% revenue growth year-over-year — a near-term fundamental positive for revenue momentum. Earnings/Press Release
• Positive Sentiment: Management raised its fiscal 2026 revenue forecast, citing resilient enterprise software spending and accelerating AI adoption — this upward guidance supports longer-term revenue expectations. Reuters: Revenue Forecast Raised
• Positive Sentiment: Company highlights record cloud revenue and a target of 20%+ annual revenue growth through FY27, driven in part by AI integrations and expanding enterprise customers — a strategic positive if execution continues. Seeking Alpha: Growth Target
• Neutral Sentiment: Analysts trimmed price targets but kept favorable ratings: Morgan Stanley cut its target to $290 (still “overweight”), Mizuho lowered to $205 (“outperform”), and BTIG cut to $140 (“buy”) — these moves reduce near-term upside expectations but maintain positive analyst bias. Benzinga: Analyst Target Changes
• Negative Sentiment: Cantor Fitzgerald sharply cut its price target to $146; along with broader sector AI worries, this adds downward pressure on sentiment. Cantor Fitzgerald Target Cut
• Negative Sentiment: Insider selling by co-founders (disclosed sales of 7,665 shares each by Scott Farquhar and Michael Cannon-Brookes) has been flagged by the market as a negative catalyst. SEC Filing: Insider Sales
• Negative Sentiment: Market reaction: coverage noting that shares dipped despite the beat as investors worry cloud growth may slow and AI competition/feature releases elsewhere increase sector volatility. Investing.com: Shares Dip

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.