Atlassian (NASDAQ:TEAM) Price Target Lowered to $210.00 at KeyCorp

Atlassian (NASDAQ:TEAM) had its price objective trimmed by KeyCorp from $250.00 to $210.00 in a research note published on Thursday, MarketBeat reports. The brokerage currently has an overweight rating on the technology company’s stock.

A number of other analysts also recently weighed in on TEAM. Wells Fargo & Company began coverage on shares of Atlassian in a report on Tuesday, September 30th. They issued an “overweight” rating and a $216.00 price target for the company. Guggenheim initiated coverage on shares of Atlassian in a report on Thursday, September 11th. They issued a “buy” rating and a $225.00 price target for the company. Truist Financial set a $230.00 price objective on shares of Atlassian in a report on Friday, August 8th. Stephens reduced their price objective on shares of Atlassian from $221.00 to $202.00 and set an “equal weight” rating for the company in a report on Monday, August 11th. Finally, Wall Street Zen raised shares of Atlassian from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Atlassian currently has an average rating of “Moderate Buy” and an average target price of $247.00.

Atlassian Price Performance

Shares of Atlassian stock opened at $165.01 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.22 and a quick ratio of 1.22. Atlassian has a fifty-two week low of $144.32 and a fifty-two week high of $326.00. The firm has a fifty day moving average price of $164.57 and a two-hundred day moving average price of $189.50. The company has a market cap of $43.29 billion, a PE ratio of -166.68 and a beta of 0.92.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings results on Thursday, August 7th. The technology company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Atlassian had a negative net margin of 4.92% and a negative return on equity of 14.77%. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the firm earned $0.66 EPS. The business’s revenue was up 22.3% on a year-over-year basis. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Analysts expect that Atlassian will post -0.34 EPS for the current year.

Insider Transactions at Atlassian

In other Atlassian news, CEO Michael Cannon-Brookes sold 7,665 shares of the firm’s stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $169.16, for a total value of $1,296,611.40. Following the completion of the sale, the chief executive officer owned 367,920 shares in the company, valued at approximately $62,237,347.20. This trade represents a 2.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Scott Farquhar sold 7,665 shares of the firm’s stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $169.16, for a total transaction of $1,296,611.40. Following the completion of the sale, the director owned 367,920 shares of the company’s stock, valued at $62,237,347.20. The trade was a 2.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 551,608 shares of company stock valued at $92,691,699 in the last quarter. 36.66% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Atlassian

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Atlassian by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 17,430,078 shares of the technology company’s stock valued at $3,539,875,000 after acquiring an additional 436,541 shares in the last quarter. Baillie Gifford & Co. increased its position in Atlassian by 7.1% in the 1st quarter. Baillie Gifford & Co. now owns 8,694,755 shares of the technology company’s stock valued at $1,845,114,000 after acquiring an additional 573,696 shares in the last quarter. Artisan Partners Limited Partnership increased its position in Atlassian by 66.3% in the 2nd quarter. Artisan Partners Limited Partnership now owns 3,878,133 shares of the technology company’s stock valued at $787,610,000 after acquiring an additional 1,545,546 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Atlassian by 21.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,440,813 shares of the technology company’s stock worth $730,175,000 after buying an additional 616,071 shares during the period. Finally, Voya Investment Management LLC grew its position in shares of Atlassian by 24.1% during the 1st quarter. Voya Investment Management LLC now owns 2,695,889 shares of the technology company’s stock worth $571,894,000 after buying an additional 523,035 shares during the period. Institutional investors and hedge funds own 94.45% of the company’s stock.

Atlassian Company Profile

Atlassian Corporation, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its product portfolio includes Jira Software and Jira Work Management, a project management system that connects technical and business teams so they can better plan, organize, track and manage their work and projects; Confluence, a connected workspace that organizes knowledge across all teams to move work forward; and Trello, a collaboration and organization product that captures and adds structure to fluid and fast-forming work for teams.