Cantor Fitzgerald Lowers Atlassian (NASDAQ:TEAM) Price Target to $146.00

Atlassian (NASDAQ:TEAM) had its price objective reduced by analysts at Cantor Fitzgerald from $240.00 to $146.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. Cantor Fitzgerald’s price objective would suggest a potential upside of 35.79% from the stock’s current price.

Other research analysts also recently issued reports about the stock. TD Cowen lowered their price objective on shares of Atlassian from $205.00 to $175.00 and set a “hold” rating for the company in a research report on Tuesday, January 20th. Canaccord Genuity Group restated a “buy” rating and set a $230.00 target price on shares of Atlassian in a research report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Atlassian in a research report on Wednesday, January 21st. BTIG Research restated a “buy” rating and set a $220.00 price target on shares of Atlassian in a report on Tuesday, January 13th. Finally, BMO Capital Markets dropped their price objective on shares of Atlassian from $195.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday. Twenty investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Atlassian currently has a consensus rating of “Moderate Buy” and a consensus price target of $221.44.

Atlassian Stock Performance

Atlassian stock traded up $2.52 during midday trading on Wednesday, hitting $107.52. The company’s stock had a trading volume of 3,429,447 shares, compared to its average volume of 4,840,844. Atlassian has a 1-year low of $98.71 and a 1-year high of $326.00. The company has a 50-day moving average price of $147.45 and a two-hundred day moving average price of $159.96. The company has a market cap of $28.29 billion, a price-to-earnings ratio of -152.32, a PEG ratio of 17.61 and a beta of 0.88. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.26 and a quick ratio of 1.26.

Insider Activity

In related news, Director Scott Farquhar sold 7,665 shares of the business’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $153.77, for a total value of $1,178,647.05. Following the sale, the director owned 237,615 shares in the company, valued at approximately $36,538,058.55. The trade was a 3.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction dated 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 transaction, the chief executive officer owned 237,615 shares of the company’s stock, valued at $36,538,058.55. The trade was a 3.13% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 551,049 shares of company stock valued at $82,050,502. 36.66% of the stock is currently owned by insiders.

Institutional Trading of Atlassian

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TEAM. DNB Asset Management AS increased its stake in shares of Atlassian by 266.6% in 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 bought a new position in Atlassian during the 2nd quarter valued at $377,794,000. Artisan Partners Limited Partnership boosted its stake 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 worth $787,610,000 after purchasing an additional 1,545,546 shares during the period. Pictet Asset Management Holding SA grew its holdings in shares of Atlassian by 38.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 3,950,852 shares of the technology company’s stock worth $640,628,000 after purchasing an additional 1,090,787 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Atlassian by 6.0% during the 3rd quarter. Vanguard Group Inc. now owns 18,479,561 shares of the technology company’s stock worth $2,951,186,000 after acquiring an additional 1,049,483 shares during the last quarter. Institutional investors own 94.45% of the company’s stock.

Atlassian News Summary

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Atlassian announced a multi‑year partnership integrating Anthropic’s Claude with the Atlassian Williams F1 Team — boosts AI positioning and brand visibility which could help product tie‑ins and enterprise interest. Anthropic and Atlassian Williams F1 Team announce multi-year partnership
• Positive Sentiment: Analyst previews (Zacks) flag potential Q2 tailwinds from cloud adoption, AI tooling and steady demand for Jira/Confluence — fundamentals that could underpin revenue and limit downside at the upcoming report. Seeking Clues to Atlassian (TEAM) Q2 Earnings?
• Positive Sentiment: Media pieces highlight substantial upside tied to AI adoption for software names including Atlassian — a thematic positive that could accelerate rebounds if company guidance and execution align. Software Bear Market: 2 AI Stocks to Buy…
• Neutral Sentiment: Marketing/PR items tied to the Williams F1 sponsorship (new livery, ads) raise visibility but are unlikely to move fundamentals alone. Atlassian Williams F1 Team reveals bold new racing livery for 2026
• Neutral Sentiment: Reported short interest figures are effectively nil with a 0.0 days‑to‑cover metric — a technical datapoint that appears immaterial to current price moves.
• Negative Sentiment: CEO Michael Cannon‑Brookes has sold multiple blocks of shares recently (most recently 7,665 shares), trimming his stake by ~2.4% on reported transactions — repeated insider sales are weighing on investor sentiment. SEC filing — CEO sale
• Negative Sentiment: Co‑founder/director Scott Farquhar sold an identical block of shares on the same dates, which amplifies concerns about insider conviction and has contributed to near‑term selling pressure. SEC filing — Director sale
• Negative Sentiment: BMO Capital Markets cut its price target on TEAM from $195 to $135 while keeping an “outperform” rating — a downward revision that can pressure sentiment even if the rating remains constructive. The Fly — BMO price target change

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.