Atlassian (NASDAQ:TEAM) Downgraded by Wall Street Zen to Hold

Posted by Geri Gentry on Sep 6th, 2026

Wall Street Zen lowered shares of Atlassian (NASDAQ:TEAM – Free Report) from a buy rating to a hold rating in a report issued on Saturday,Wall Street Zen reports.

TEAM has been the topic of a number of other reports. Bank of America raised their price target on shares of Atlassian from $175.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, August 31st. Truist Financial boosted their price objective on Atlassian from $160.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Citizens Jmp reissued a “market perform” rating on shares of Atlassian in a report on Wednesday, July 1st. Guggenheim raised their target price on Atlassian from $115.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, Oppenheimer lifted their price target on Atlassian from $110.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Twenty-five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $183.81.

Read Our Latest Analysis on Atlassian

Atlassian Price Performance

Shares of NASDAQ TEAM opened at $189.58 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a fifty day moving average of $126.01 and a 200 day moving average of $95.61. The firm has a market cap of $48.11 billion, a PE ratio of -997.79, a PEG ratio of 14.90 and a beta of 1.15. Atlassian has a one year low of $56.01 and a one year high of $198.60.

Atlassian (NASDAQ:TEAM – Get Free Report) last posted its quarterly earnings data on Friday, August 7th. The technology company reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.37. Atlassian had a negative net margin of 0.82% and a positive return on equity of 20.99%. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period last year, the firm posted $0.98 earnings per share. The company’s revenue was up 27.6% compared to the same quarter last year. As a group, research analysts predict that Atlassian will post 0.94 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Gene Liu sold 1,125 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $175.00, for a total value of $196,875.00. Following the completion of the sale, the chief accounting officer owned 56,807 shares of the company’s stock, valued at approximately $9,941,225. This trade represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Brian Duffy sold 7,617 shares of Atlassian stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $163.00, for a total value of $1,241,571.00. Following the transaction, the executive owned 220,074 shares in the company, valued at approximately $35,872,062. The trade was a 3.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 31,288 shares of company stock valued at $4,597,259 in the last ninety days. 36.66% of the stock is currently owned by corporate insiders.

Institutional Trading of Atlassian

Several large investors have recently added to or reduced their stakes in TEAM. California State Teachers Retirement System boosted its position in shares of Atlassian by 7,498.4% during the 2nd quarter. California State Teachers Retirement System now owns 17,767,858 shares of the technology company’s stock valued at $1,382,162,000 after acquiring an additional 17,534,021 shares during the last quarter. AQR Capital Management LLC increased its position in Atlassian by 291.4% during the fourth quarter. AQR Capital Management LLC now owns 7,749,694 shares of the technology company’s stock worth $1,256,535,000 after purchasing an additional 5,769,788 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in Atlassian by 27.4% during the first quarter. Pictet Asset Management Holding SA now owns 5,031,413 shares of the technology company’s stock worth $343,344,000 after purchasing an additional 1,080,561 shares during the period. Morgan Stanley raised its stake in Atlassian by 52.4% during the fourth quarter. Morgan Stanley now owns 4,822,007 shares of the technology company’s stock worth $781,841,000 after purchasing an additional 1,657,309 shares during the period. Finally, State Street Corp boosted its holdings in Atlassian by 3.3% in the 4th quarter. State Street Corp now owns 3,995,100 shares of the technology company’s stock valued at $647,766,000 after purchasing an additional 127,105 shares during the last quarter. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Atlassian

Here are the key news stories impacting Atlassian this week:

Positive Sentiment: BTIG raised its price target to $230 from $180 and upgraded Atlassian to “buy,” implying further upside from the referenced price. The firm’s view supports continued confidence in Atlassian’s growth prospects. BTIG Atlassian price target report
Positive Sentiment: Brokerages collectively assign Atlassian an average “moderate buy” rating, indicating that analysts remain broadly constructive despite the stock’s sharp advance. Atlassian moderate buy rating
Positive Sentiment: Software stocks, including Atlassian, benefited from renewed sector momentum after Treasury yields pulled back and Snowflake reported strong second-quarter results. Lower yields can support high-growth technology valuations. Software stocks gain on lower yields and Snowflake results
Neutral Sentiment: Komatsu and the Atlassian Williams F1 Team extended their global partnership beyond 2026, expanding technical collaboration, engineering initiatives and talent development. The agreement reinforces brand visibility but is unlikely to materially change near-term financial results. Komatsu and Atlassian Williams F1 partnership renewal
Neutral Sentiment: Options-market activity has drawn attention, with reports suggesting traders may be positioning for a notable move in TEAM. However, the available reports do not establish whether the activity is bullish or bearish. Atlassian options activity
Negative Sentiment: Atlassian’s roughly 85% three-month surge has raised profit-taking concerns. Analysts highlighted rising AI-related costs and a premium valuation, leaving the stock vulnerable if growth does not accelerate enough to justify its price. Atlassian stock surge and valuation risks
Negative Sentiment: A sharp rise in Treasury yields and higher crude oil prices renewed inflation concerns, pressuring software and other growth stocks. This broader macro backdrop likely contributed to Atlassian’s recent decrease. Software stocks fall on higher yields and oil prices

About Atlassian

(Get Free Report)

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.