Atlassian (NASDAQ:TEAM) Price Target Cut to $225.00 by Analysts at Mizuho

Atlassian (NASDAQ:TEAM) had its price target trimmed by Mizuho from $245.00 to $225.00 in a report published on Wednesday, MarketBeat Ratings reports. The firm currently has an outperform rating on the technology company’s stock.

A number of other research firms have also issued reports on TEAM. Zacks Research upgraded shares of Atlassian from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. Macquarie cut their price target on Atlassian from $250.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. TD Cowen cut their target price on shares of Atlassian from $205.00 to $175.00 and set a “hold” rating on the stock in a research note on Tuesday. Sanford C. Bernstein raised their target price on shares of Atlassian from $290.00 to $304.00 and gave the company an “outperform” rating in a report on Tuesday, November 18th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $230.00 price target on shares of Atlassian in a report on Wednesday, October 22nd. Twenty-one investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Atlassian currently has a consensus rating of “Moderate Buy” and an average price target of $235.38.

Atlassian Trading Up 3.7%

Shares of NASDAQ TEAM opened at $122.41 on Wednesday. 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 $32.21 billion, a PE ratio of -172.41, a PEG ratio of 18.28 and a beta of 0.88. Atlassian has a twelve month low of $115.53 and a twelve month high of $326.00. The stock has a fifty day simple moving average of $151.58 and a 200-day simple moving average of $164.95.

Atlassian (NASDAQ:TEAM) last announced its earnings results on Thursday, October 30th. The technology company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.21. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Atlassian had a negative return on equity of 7.11% and a negative net margin of 3.38%.Atlassian’s revenue for the quarter was up 20.6% on a year-over-year basis. During the same period last year, the business posted $0.77 EPS. On average, equities analysts forecast that Atlassian will post -0.34 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Michael Cannon-Brookes sold 7,665 shares of the company’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $167.61, for a total value of $1,284,730.65. Following the completion of the sale, the chief executive officer directly owned 314,265 shares of the company’s stock, valued at approximately $52,673,956.65. This represents a 2.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Anutthara Bharadwaj sold 9,847 shares of the stock in a transaction that occurred on 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 sale, the president directly owned 242,092 shares of the company’s stock, valued at $36,909,346.32. The trade was a 3.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 566,379 shares of company stock valued at $87,553,359 over the last quarter. Company insiders own 36.66% of the company’s stock.

Institutional Trading of Atlassian

Several hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC raised its stake in shares of Atlassian by 71.6% during the 1st quarter. NewEdge Advisors LLC now owns 5,432 shares of the technology company’s stock worth $1,153,000 after buying an additional 2,267 shares in the last quarter. Empowered Funds LLC raised its position in Atlassian by 39.5% in the first quarter. Empowered Funds LLC now owns 4,689 shares of the technology company’s stock worth $995,000 after acquiring an additional 1,328 shares in the last quarter. Focus Partners Wealth lifted its holdings in Atlassian by 32.6% in the first quarter. Focus Partners Wealth now owns 4,122 shares of the technology company’s stock valued at $875,000 after acquiring an additional 1,014 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Atlassian by 447.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock worth $42,000 after purchasing an additional 161 shares in the last quarter. Finally, Sivia Capital Partners LLC grew its stake in shares of Atlassian by 27.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,873 shares of the technology company’s stock worth $380,000 after purchasing an additional 404 shares during the period. Institutional investors and hedge funds own 94.45% of the company’s stock.

Trending Headlines about Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: BTIG remains bullish after Atlassian’s Data Center pricing update, signaling continued confidence in revenue/corporate demand dynamics. BTIG Stays Bullish on Atlassian (TEAM) After Data Center Pricing Update
• Positive Sentiment: A recent analysis argues AI-driven disruption fears are overblown, stressing Atlassian’s strong switching costs, data ownership, and complex workflows that protect revenue and margins — a bullish read for long-term holders. Atlassian: AI Fears Are Overblown
• Neutral Sentiment: Mizuho lowered its price target from $245 to $225 but maintained an Outperform rating — a downward revision to upside expectations but still a positive stance relative to the market. Mizuho lowers price target to $225 (Outperform)
• Negative Sentiment: TD Cowen trimmed its target to $175 and moved to a Hold rating, reducing analyst conviction and lowering implied upside — a headwind for momentum. TD Cowen lowers price target to $175 (Hold)
• Negative Sentiment: Insider sales: CEO Michael Cannon-Brookes and co-founder/director Scott Farquhar each sold 7,665 shares (same trade), trimming their holdings by ~2% at ~$118.19 per share — a signal some investors read as negative even though remaining ownership remains sizable. SEC filings here and here. Farquhar SEC Filing Cannon-Brookes SEC Filing

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.