TD Cowen Cuts Atlassian (NASDAQ:TEAM) Price Target to $175.00

Atlassian (NASDAQ:TEAM) had its price target reduced by TD Cowen from $205.00 to $175.00 in a research note published on Tuesday morning,Benzinga reports. TD Cowen currently has a hold rating on the technology company’s stock.

Several other brokerages also recently issued reports on TEAM. Jefferies Financial Group set a $262.00 price objective on Atlassian in a research report on Thursday, January 15th. Weiss Ratings restated a “sell (e+)” rating on shares of Atlassian in a research note on Wednesday, October 8th. Robert W. Baird set a $230.00 price target on Atlassian in a report on Friday, October 31st. Wells Fargo & Company assumed coverage on shares of Atlassian in a report on Tuesday, September 30th. They set an “overweight” rating and a $216.00 price objective on the stock. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $240.00 price objective on shares of Atlassian in a research report on Friday, October 31st. Twenty-one equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Atlassian currently has a consensus rating of “Moderate Buy” and an average price target of $235.38.

Atlassian Stock Up 4.9%

TEAM opened at $128.46 on Tuesday. Atlassian has a twelve month low of $115.53 and a twelve month high of $326.00. The firm has a market cap of $33.80 billion, a price-to-earnings ratio of -180.93, a PEG ratio of 18.96 and a beta of 0.88. The firm’s 50-day simple moving average is $151.11 and its 200-day simple moving average is $164.70. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.26 and a current ratio of 1.26.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings data on Thursday, October 30th. The technology company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.21. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.11%. The company’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 earnings per share. Equities research analysts anticipate that Atlassian will post -0.34 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Michael Cannon-Brookes sold 7,665 shares of the firm’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $118.19, for a total value of $905,926.35. Following the transaction, the chief executive officer directly owned 367,920 shares in the company, valued at $43,484,464.80. This trade represents a 2.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $118.19, for a total value of $905,926.35. Following the sale, the director directly owned 367,920 shares of the company’s stock, valued at approximately $43,484,464.80. This trade represents a 2.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 551,049 shares of company stock valued at $85,031,574 in the last ninety days. Company insiders own 36.66% of the company’s stock.

Hedge Funds Weigh In On Atlassian

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. DNB Asset Management AS raised its position in shares of Atlassian by 266.6% in the 3rd quarter. DNB Asset Management AS now owns 2,806,888 shares of the technology company’s stock valued at $448,260,000 after acquiring an additional 2,041,210 shares during the period. Norges Bank bought a new stake in Atlassian in the second quarter valued at approximately $377,794,000. Artisan Partners Limited Partnership raised its holdings in Atlassian by 66.3% in the second quarter. Artisan Partners Limited Partnership now owns 3,878,133 shares of the technology company’s stock worth $787,610,000 after purchasing an additional 1,545,546 shares during the period. Vanguard Group Inc. raised its holdings in Atlassian by 6.0% in the third quarter. Vanguard Group Inc. now owns 18,479,561 shares of the technology company’s stock worth $2,951,186,000 after purchasing an additional 1,049,483 shares during the period. Finally, Voyager Global Management LP boosted its position in shares of Atlassian by 181.8% during the third quarter. Voyager Global Management LP now owns 1,550,000 shares of the technology company’s stock worth $247,535,000 after purchasing an additional 1,000,000 shares in the last quarter. Institutional investors own 94.45% of the company’s stock.

Key Headlines Impacting Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: BTIG stays bullish after Atlassian’s Data Center pricing update, signaling continued confidence in revenue and enterprise demand — a supportive catalyst for the shares. Read More.
• Positive Sentiment: A recent analysis argues AI-driven disruption fears are overblown and highlights Atlassian’s switching costs and workflow integration as protective of revenue and margins — a constructive narrative for long‑term holders. Read More.
• Neutral Sentiment: Mizuho trimmed its price target from $245 to $225 but kept an Outperform rating — lowers upside expectations but still a relatively bullish stance vs. the market. Read More.
• Neutral Sentiment: Street consensus remains a “Moderate Buy” based on analyst coverage, which provides some baseline support amid headline volatility. Read More.
• Negative Sentiment: TD Cowen cut its target and moved to a Hold with a $175 target—this reduced analyst conviction pressured the stock and trimmed near‑term upside. Read More.
• Negative Sentiment: Analyst downgrade headlines contributed to a new 52‑week low, amplifying short‑term selling pressure and volatility. Read More.
• Negative Sentiment: Insider sales: CEO Michael Cannon‑Brookes and co‑founder/director Scott Farquhar each sold 7,665 shares (~2% trims) in filings — investors often view repeated insider selling as a near‑term negative despite large remaining holdings. Read More. Read More.

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.