Guggenheim Issues Pessimistic Forecast for Atlassian (NASDAQ:TEAM) Stock Price

Atlassian (NASDAQ:TEAM) had its price objective reduced by equities research analysts at Guggenheim from $225.00 to $190.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Guggenheim’s price target would indicate a potential upside of 100.59% from the company’s current price.

TEAM has been the subject of a number of other reports. TD Cowen lowered their price target 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. Cantor Fitzgerald cut their price target on Atlassian from $240.00 to $146.00 and set an “overweight” rating for the company in a report on Wednesday. Piper Sandler reissued an “overweight” rating and set a $200.00 price target (down previously from $280.00) on shares of Atlassian in a research note on Friday. KeyCorp lowered their price objective on Atlassian from $210.00 to $170.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Truist Financial set a $210.00 target price on Atlassian in a research note on Friday, October 31st. Twenty investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Atlassian presently has an average rating of “Moderate Buy” and an average target price of $191.32.

Atlassian Price Performance

Shares of NASDAQ:TEAM opened at $94.72 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.26 and a current ratio of 1.26. The business’s fifty day moving average price is $144.50 and its two-hundred day moving average price is $158.18. The stock has a market cap of $24.92 billion, a PE ratio of -131.55, a price-to-earnings-growth ratio of 14.67 and a beta of 0.88. Atlassian has a one year low of $92.32 and a one year high of $326.00.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings data on Thursday, February 5th. The technology company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.10. Atlassian had a negative return on equity of 6.60% and a negative net margin of 3.29%.The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the company earned $0.96 earnings per share. The business’s revenue for the quarter was up 23.3% compared to the same quarter last year. On average, analysts forecast that Atlassian will post -0.34 EPS for the current fiscal year.

Insider Buying and Selling at Atlassian

In related news, CEO Michael Cannon-Brookes sold 7,665 shares of the business’s stock in a transaction dated 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 chief executive officer owned 237,615 shares in the company, valued at approximately $36,538,058.55. The trade was a 3.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Scott Farquhar sold 7,665 shares of the company’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $153.77, for a total transaction of $1,178,647.05. Following the completion of the sale, the director directly owned 237,615 shares in the company, valued at $36,538,058.55. This represents a 3.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 566,379 shares of company stock valued at $82,730,694 over the last three months. 36.66% of the stock is owned by company insiders.

Institutional Trading of Atlassian

Several institutional investors have recently added to or reduced their stakes in TEAM. Physician Wealth Advisors Inc. raised its stake in Atlassian by 60.4% during the third quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock worth $26,000 after acquiring an additional 61 shares during the period. GAMMA Investing LLC grew its holdings in shares of Atlassian by 12.0% during the fourth quarter. GAMMA Investing LLC now owns 615 shares of the technology company’s stock valued at $100,000 after purchasing an additional 66 shares during the last quarter. Snowden Capital Advisors LLC raised its position in shares of Atlassian by 1.6% during the 2nd quarter. Snowden Capital Advisors LLC now owns 4,464 shares of the technology company’s stock worth $907,000 after purchasing an additional 71 shares during the period. Financial Perspectives Inc lifted its holdings in shares of Atlassian by 11.7% in the 4th quarter. Financial Perspectives Inc now owns 718 shares of the technology company’s stock worth $116,000 after purchasing an additional 75 shares during the last quarter. Finally, Cetera Investment Advisers boosted its position in Atlassian by 0.3% during the 2nd quarter. Cetera Investment Advisers now owns 24,808 shares of the technology company’s stock valued at $5,038,000 after purchasing an additional 79 shares during the period. Institutional investors own 94.45% of the company’s stock.

Trending Headlines about Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Q2 beat — Atlassian reported $1.22 EPS vs. $1.12 expected and revenue of $1.59B (vs. $1.54B est.), with revenue up ~23% y/y, a near-term fundamental positive for growth momentum. Atlassian Q2 Earnings Surpass Expectations
• Positive Sentiment: Management raised its fiscal 2026 revenue forecast, citing resilient enterprise spending and accelerating AI adoption — supports the company’s multi-quarter revenue outlook. Atlassian Raises Annual Revenue Forecast (Reuters)
• Positive Sentiment: Company targets 20%+ annual revenue growth through FY27 and cites record cloud revenue and AI integrations — a constructive strategic signal if execution continues. Seeking Alpha: Growth Target
• Positive Sentiment: Unusual options activity — a spike to ~14,021 calls purchased (≈51% above normal), which can indicate tactical bullish positioning by traders.
• Neutral Sentiment: Analysts trimmed price targets but kept favorable ratings (Morgan Stanley, Mizuho, BTIG among others) — reduces near-term implied upside but preserves buy/overweight bias. Benzinga: Analyst Target Changes
• Negative Sentiment: Insider selling — directors/co‑founders disclosed multiple recent sales (7,665 shares each), a visible negative for investor sentiment and a factor pressuring the stock. SEC Filing: Insider Sales
• Negative Sentiment: Cantor Fitzgerald and some other brokers cut price targets sharply (e.g., Cantor to $146), and sector-wide AI fears are amplifying downside pressure. Cantor Fitzgerald Target Cut
• Negative Sentiment: Market reaction: coverage notes shares dipped despite the beat as investors worry cloud growth may slow and AI competition/feature rollouts elsewhere increase 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.