Cantor Fitzgerald Lowers Atlassian (NASDAQ:TEAM) Price Target to $146.00

Atlassian (NASDAQ:TEAM) had its price objective dropped by research analysts at Cantor Fitzgerald from $240.00 to $146.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. Cantor Fitzgerald’s target price suggests a potential upside of 48.36% from the company’s previous close.

A number of other research analysts have also recently weighed in on the stock. TD Cowen dropped their price objective on shares of Atlassian from $205.00 to $175.00 and set a “hold” rating for the company in a research note on Tuesday, January 20th. Canaccord Genuity Group reiterated a “buy” rating and set a $230.00 target price on shares of Atlassian in a report on Wednesday, October 22nd. Jefferies Financial Group set a $262.00 price target on Atlassian in a report on Thursday, January 15th. Macquarie reduced their price objective on Atlassian from $250.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd. Finally, KeyCorp dropped their price objective on Atlassian from $250.00 to $210.00 and set an “overweight” rating for the company in a research report on Thursday, October 23rd. Twenty equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Atlassian currently has an average rating of “Moderate Buy” and a consensus target price of $221.44.

Atlassian Stock Performance

NASDAQ:TEAM opened at $98.41 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 company has a market capitalization of $25.89 billion, a P/E ratio of -138.60, a price-to-earnings-growth ratio of 16.27 and a beta of 0.88. The firm has a 50-day moving average price of $145.60 and a two-hundred day moving average price of $159.15. Atlassian has a twelve month low of $97.93 and a twelve month high of $326.00.

Insiders Place Their Bets

In other Atlassian news, CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $105.14, for a total value of $805,898.10. Following the completion of the sale, the chief executive officer owned 291,270 shares in the company, valued at $30,624,127.80. The trade was a 2.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Scott Farquhar sold 7,665 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $105.14, for a total transaction of $805,898.10. Following the transaction, the director directly owned 291,270 shares of the company’s stock, valued at approximately $30,624,127.80. This represents a 2.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 551,049 shares of company stock valued at $81,277,257. Company insiders own 36.66% of the company’s stock.

Institutional Investors Weigh In On Atlassian

Institutional investors have recently bought and sold shares of the stock. Capco Asset Management LLC purchased a new position in Atlassian during the second quarter worth approximately $25,000. Physician Wealth Advisors Inc. grew its stake in shares of Atlassian by 60.4% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock valued at $26,000 after buying an additional 61 shares during the period. Atlantic Union Bankshares Corp increased its holdings in shares of Atlassian by 19,900.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company’s stock worth $32,000 after buying an additional 199 shares during the last quarter. Board of the Pension Protection Fund purchased a new position in shares of Atlassian in the 4th quarter worth $32,000. Finally, Bogart Wealth LLC raised its position in shares of Atlassian by 76.4% in the 4th quarter. Bogart Wealth LLC now owns 217 shares of the technology company’s stock worth $35,000 after buying an additional 94 shares during the period. 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: Company raised near‑term and full‑year revenue guidance (Q3 revenue guided ~ $1.7B vs. consensus ~$1.6B; FY26 revenue guided ~ $6.4B vs. consensus ~$6.3B), signaling resilient enterprise demand and AI-driven spend. Atlassian raises annual revenue forecast
• Positive Sentiment: Q2 results beat expectations — EPS $1.22 vs. consensus $1.12 — showing improved profitability per share even as margins remain under pressure. Atlassian (TEAM) Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Atlassian is promoting AI integration via high‑profile partnerships (Williams F1 / Anthropic Claude), which supports the company’s enterprise AI story and potential product tie‑ins. Atlassian Uses Williams F1 AI Deal
• Neutral Sentiment: Marketing and brand visibility from the Williams F1 sponsorship (new livery, ads) raise the company’s profile but are unlikely to move fundamentals by themselves. Atlassian Williams F1 Team reveals bold new racing livery for 2026
• Negative Sentiment: Repeated insider selling from CEO Michael Cannon‑Brookes and co‑founder/director Scott Farquhar (multiple ~7,665‑share blocks disclosed) is creating investor concern about insider conviction and is adding near‑term selling pressure. SEC filing — CEO sale SEC filing — Director sale
• Negative Sentiment: Analysts trimmed price targets this week (e.g., Cantor Fitzgerald to $146; BMO to $135), which pressures sentiment despite some firms keeping constructive ratings. Cantor Fitzgerald price target BMO price target note
• Negative Sentiment: Broader software/AI sector volatility and recent headlines about disruptive AI offerings have made investors skittish, amplifying downside when company‑specific negatives occur. Software sector volatility from AI fears

About Atlassian

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.