Mizuho Lowers Atlassian (NASDAQ:TEAM) Price Target to $205.00

Atlassian (NASDAQ:TEAM) had its target price reduced by research analysts at Mizuho from $225.00 to $205.00 in a research note issued on Friday, Marketbeat reports. The firm presently has an “outperform” rating on the technology company’s stock. Mizuho’s price objective points to a potential upside of 116.43% from the stock’s current price.

TEAM has been the topic of several other research reports. Sanford C. Bernstein lifted their target price on shares of Atlassian from $290.00 to $304.00 and gave the company an “outperform” rating in a research report on Tuesday, November 18th. Canaccord Genuity Group reiterated a “buy” rating and issued a $230.00 price objective on shares of Atlassian in a report on Wednesday, October 22nd. Macquarie Infrastructure reduced their target price on Atlassian from $250.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Weiss Ratings restated a “sell (e+)” rating on shares of Atlassian in a research report on Wednesday, January 21st. Finally, KeyCorp lowered their price target on Atlassian from $250.00 to $210.00 and set an “overweight” rating on the stock in a research note on Thursday, October 23rd. Twenty research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Atlassian currently has a consensus rating of “Moderate Buy” and an average price target of $191.32.

Atlassian Stock Down 3.7%

Shares of TEAM opened at $94.72 on Friday. The firm has a market cap of $24.92 billion, a P/E ratio of -131.55, a PEG ratio of 14.67 and a beta of 0.88. Atlassian has a 12 month low of $92.32 and a 12 month high of $326.00. The stock’s 50 day moving average is $144.50 and its two-hundred day moving average is $158.18. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.72.

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

Insider Buying and Selling

In other Atlassian news, President Anutthara Bharadwaj sold 9,847 shares of the business’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $152.46, for a total transaction of $1,501,273.62. Following the transaction, the president 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael Cannon-Brookes 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 value of $1,178,647.05. Following the completion of the sale, the chief executive officer owned 237,615 shares of the company’s stock, valued at approximately $36,538,058.55. The trade was a 3.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 566,379 shares of company stock worth $82,730,694. 36.66% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Atlassian

Several institutional investors and hedge funds have recently bought and sold shares of TEAM. DNB Asset Management AS raised its position in shares of Atlassian by 266.6% during 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 buying an additional 2,041,210 shares during the period. Norges Bank acquired a new stake in Atlassian during the second quarter worth $377,794,000. Artisan Partners Limited Partnership raised its position 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 valued at $787,610,000 after purchasing an additional 1,545,546 shares during the period. Pictet Asset Management Holding SA lifted its stake in shares of Atlassian by 38.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 3,950,852 shares of the technology company’s stock valued at $640,628,000 after purchasing an additional 1,090,787 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Atlassian by 6.0% in the 3rd 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 during the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

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.