Atlassian (NASDAQ:TEAM) Hits New 12-Month Low After Insider Selling

Shares of Atlassian Corporation PLC (NASDAQ:TEAM) reached a new 52-week low during mid-day trading on Tuesday following insider selling activity. The company traded as low as $138.22 and last traded at $139.3810, with a volume of 1284884 shares changing hands. The stock had previously closed at $146.44.

Specifically, Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $147.15, for a total value of $1,127,904.75. Following the completion of the sale, the director owned 406,245 shares in the company, valued at $59,778,951.75. The trade was a 1.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $147.15, for a total transaction of $1,127,904.75. Following the transaction, the chief executive officer owned 406,245 shares in the company, valued at approximately $59,778,951.75. The trade was a 1.85% decrease in their position. The disclosure for this sale is available in the SEC filing. In other news, CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $145.91, for a total value of $1,118,400.15. Following the completion of the sale, the chief executive officer directly owned 421,575 shares in the company, valued at approximately $61,512,008.25. The trade was a 1.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Cantor Fitzgerald reissued an “overweight” rating and set a $240.00 price target on shares of Atlassian in a research report on Friday, October 31st. Macquarie reduced their target price on Atlassian from $250.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. UBS Group dropped their price target on Atlassian from $215.00 to $185.00 and set a “neutral” rating for the company in a research note on Friday, October 24th. Wells Fargo & Company began coverage on shares of Atlassian in a research report on Tuesday, September 30th. They set an “overweight” rating and a $216.00 price objective for the company. Finally, Bank of America began coverage on shares of Atlassian in a report on Tuesday, September 23rd. They issued a “neutral” rating and a $200.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Atlassian currently has a consensus rating of “Moderate Buy” and a consensus target price of $238.46.

Trending Headlines about Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: BTIG reaffirmed a “buy” on TEAM with a $220 price target, signaling analyst conviction that there is upside from current levels. BTIG/Benzinga coverage
• Positive Sentiment: Large institutional holders (e.g., Vanguard, Artisan, State Street) continue to hold or have added to positions in TEAM, supporting a base of long‑term demand beneath the stock.
• Neutral Sentiment: Atlassian scheduled Q2 FY2026 earnings for after the close on Feb 5, 2026 with a 2:00 PM PT conference call — a near‑term event that could reprice the stock based on revenue, guidance and booking trends. Earnings date announcement
• Neutral Sentiment: Operational/PR news: Keeper Security announced a cybersecurity deployment with the Atlassian Williams F1 team — positive for brand/partnerships but unlikely to move near‑term fundamentals materially. Keeper Security / Williams F1
• Neutral Sentiment: Analyst coverage remains mixed‑but‑positive overall (consensus “Moderate Buy” and a materially higher average target), so analyst commentary around earnings could amplify moves in either direction. Analyst roundup
• Negative Sentiment: Repeated insider selling by co‑founders Michael Cannon‑Brookes and Scott Farquhar (multiple 7,665‑share lots across Dec–Jan, including filings on Jan 12) is the primary bearish driver today — the pattern has prompted headlines and investor concern about timing and insider sentiment. See reporting and SEC filing for details. Invezz article SEC filing

Atlassian Trading Down 4.3%

The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $34.72 billion, a price-to-earnings ratio of -185.86, a P/E/G ratio of 21.35 and a beta of 0.88. The firm’s 50-day moving average is $155.18 and its 200 day moving average is $168.02.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.21. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.11%. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter last year, the firm earned $0.77 earnings per share. The company’s revenue for the quarter was up 20.6% on a year-over-year basis. On average, equities analysts predict that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Atlassian

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Capco Asset Management LLC acquired a new stake in Atlassian during the 2nd quarter valued at approximately $25,000. Physician Wealth Advisors Inc. boosted its stake in shares of Atlassian by 60.4% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock valued at $26,000 after purchasing an additional 61 shares during the last quarter. Atlantic Union Bankshares Corp increased its position in shares of Atlassian by 19,900.0% during the third quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company’s stock worth $32,000 after buying an additional 199 shares during the period. Board of the Pension Protection Fund bought a new position in Atlassian during the fourth quarter worth $32,000. Finally, Geneos Wealth Management Inc. lifted its holdings in Atlassian by 447.2% in the first quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock valued at $42,000 after buying an additional 161 shares during the period. 94.45% of the stock is owned by institutional investors and hedge funds.

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.