Atlassian (NASDAQ:TEAM) Price Target Lowered to $190.00 at BMO Capital Markets

Key Points

• Atlassian's price target has been reduced by BMO Capital Markets from $200.00 to $190.00, maintaining an "outperform" rating, with potential upside of 15.14% from the last closing price.
• The company reported $0.98 EPS for the last quarter, surpassing expectations of $0.83, with revenue reaching $1.38 billion, a 22.3% increase year-over-year.
• Atlassian's stock has declined 1.7%, with analysts providing a consensus target price of $246.57 and a consensus rating of "Moderate Buy."

Atlassian (NASDAQ:TEAM - Get Free Report) had its price target cut by analysts at BMO Capital Markets from $200.00 to $190.00 in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. The brokerage presently has an "outperform" rating on the technology company's stock. BMO Capital Markets' price objective would suggest a potential upside of 15.14% from the company's previous close.

Several other research analysts have also recently commented on TEAM. Oppenheimer reduced their target price on Atlassian from $300.00 to $275.00 and set an "outperform" rating for the company in a research report on Monday, July 21st. Mizuho cut their price objective on Atlassian from $265.00 to $235.00 and set an "outperform" rating for the company in a report on Friday, August 8th. Cantor Fitzgerald cut their price objective on Atlassian from $256.00 to $240.00 and set an "overweight" rating for the company in a report on Friday, August 8th. Guggenheim began coverage on Atlassian in a report on Thursday, September 11th. They set a "buy" rating and a $225.00 price objective for the company. Finally, Citigroup reissued a "buy" rating on shares of Atlassian in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Atlassian presently has a consensus rating of "Moderate Buy" and a consensus target price of $246.57.

Atlassian Stock Down 1.7%

Shares of TEAM stock opened at $165.01 on Friday. The stock has a market cap of $43.29 billion, a P/E ratio of -166.68 and a beta of 0.92. Atlassian has a one year low of $144.32 and a one year high of $326.00. The stock has a fifty day moving average price of $164.57 and a 200 day moving average price of $189.50. 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 (NASDAQ:TEAM - Get Free Report) last issued its earnings results on Thursday, August 7th. The technology company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.83 by $0.15. The firm had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.36 billion. Atlassian had a negative return on equity of 14.77% and a negative net margin of 4.92%.Atlassian's quarterly revenue was up 22.3% compared to the same quarter last year. During the same period last year, the business earned $0.66 earnings per share. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Analysts predict that Atlassian will post -0.34 earnings per share for the current year.

Insider Activity at Atlassian

In related news, CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $185.81, for a total value of $1,424,233.65. Following the completion of the transaction, the chief executive officer directly owned 291,270 shares of the company's stock, valued at $54,120,878.70. The trade was a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $171.03, for a total value of $1,310,944.95. Following the completion of the transaction, the director directly owned 275,940 shares of the company's stock, valued at $47,194,018.20. This represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 551,608 shares of company stock valued at $92,691,699 over the last ninety days. 36.66% of the stock is owned by insiders.

Institutional Trading of Atlassian

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hudock Inc. acquired a new stake in Atlassian in the third quarter worth about $365,000. Nisa Investment Advisors LLC increased its position in Atlassian by 66.4% in the third quarter. Nisa Investment Advisors LLC now owns 12,854 shares of the technology company's stock worth $2,053,000 after purchasing an additional 5,130 shares during the period. Adams Diversified Equity Fund Inc. increased its position in Atlassian by 22.1% in the third quarter. Adams Diversified Equity Fund Inc. now owns 76,300 shares of the technology company's stock worth $12,185,000 after purchasing an additional 13,800 shares during the period. Hennion & Walsh Asset Management Inc. increased its position in Atlassian by 6.3% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 2,781 shares of the technology company's stock worth $444,000 after purchasing an additional 165 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its position in Atlassian by 4.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 58,806 shares of the technology company's stock worth $9,391,000 after purchasing an additional 2,387 shares during the period. 94.45% of the stock is currently owned by institutional investors and hedge funds.

About Atlassian

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.

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