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

Atlassian (NASDAQ:TEAM) had its price objective dropped by stock analysts at Morgan Stanley from $320.00 to $290.00 in a research report issued to clients and investors on Friday, Marketbeat.com reports. The firm presently has an “overweight” rating on the technology company’s stock. Morgan Stanley’s price target points to a potential upside of 206.17% from the company’s current price.

Several other equities analysts have also recently weighed in on TEAM. The Goldman Sachs Group restated a “buy” rating and issued a $260.00 price objective on shares of Atlassian in a report on Friday, October 31st. Robert W. Baird reduced their price target on Atlassian from $230.00 to $170.00 and set an “outperform” rating for the company in a research report on Monday, January 26th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Atlassian in a research report on Wednesday, January 21st. Truist Financial set a $210.00 price objective on Atlassian in a report on Friday, October 31st. Finally, Macquarie Infrastructure decreased their target price on shares of Atlassian from $250.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. Twenty analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $191.32.

Atlassian Price Performance

Shares of TEAM opened at $94.72 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.72. Atlassian has a twelve month low of $92.32 and a twelve month high of $326.00. The stock has a market capitalization of $24.92 billion, a P/E ratio of -131.55, a P/E/G ratio of 14.67 and a beta of 0.88. The company has a 50 day moving average of $144.50 and a 200-day moving average of $158.18.

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

Insider Buying and Selling at Atlassian

In other Atlassian news, Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction on Friday, February 6th. The shares were sold at an average price of $94.81, for a total transaction of $726,718.65. Following the completion of the transaction, the director directly owned 275,940 shares of the company’s stock, valued at $26,161,871.40. The trade was a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $94.81, for a total transaction of $726,718.65. Following the completion of the transaction, the chief executive officer owned 275,940 shares in the company, valued at approximately $26,161,871.40. This represents a 2.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 566,379 shares of company stock valued at $82,730,694 in the last ninety days. Insiders own 36.66% of the company’s stock.

Institutional Investors Weigh In On Atlassian

Several hedge funds have recently bought and sold shares of TEAM. SBI Securities Co. Ltd. increased its stake in shares of Atlassian by 50.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 40,546 shares of the technology company’s stock valued at $6,475,000 after purchasing an additional 13,643 shares during the last quarter. Mediolanum International Funds Ltd lifted its position in shares of Atlassian by 108.4% during the 3rd quarter. Mediolanum International Funds Ltd now owns 41,963 shares of the technology company’s stock worth $6,937,000 after buying an additional 21,829 shares during the last quarter. Nordea Investment Management AB boosted its stake in Atlassian by 20.3% in the third quarter. Nordea Investment Management AB now owns 721,690 shares of the technology company’s stock valued at $114,695,000 after buying an additional 121,541 shares in the last quarter. Allianz Asset Management GmbH grew its position in Atlassian by 28.6% in the second quarter. Allianz Asset Management GmbH now owns 102,194 shares of the technology company’s stock valued at $20,755,000 after acquiring an additional 22,701 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in Atlassian by 3.7% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 258,299 shares of the technology company’s stock worth $52,458,000 after acquiring an additional 9,274 shares in the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

More Atlassian News

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

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.