Atlassian (NASDAQ:TEAM) Stock Price Down 6.7% – Here’s What Happened

08 Sep 2026, 12:40 by Doug Wharley · The Cerbat Gem

Atlassian Corporation PLC (NASDAQ:TEAM – Get Free Report) shares were down 6.7% on Tuesday . The stock traded as low as $177.76 and last traded at $176.7990. 1,550,580 shares changed hands during trading, a decline of 75% from the average session volume of 6,114,296 shares. The stock had previously closed at $189.58.

Analyst Ratings Changes

Several equities analysts have commented on TEAM shares. Royal Bank Of Canada initiated coverage on shares of Atlassian in a research report on Tuesday, August 25th. They issued an “outperform” rating and a $215.00 price target for the company. Guggenheim increased their price objective on Atlassian from $115.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Bank of America boosted their target price on Atlassian from $175.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, August 31st. Oppenheimer upped their price target on Atlassian from $110.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Finally, Morgan Stanley increased their price target on Atlassian from $120.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Twenty-five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $183.81.

Check Out Our Latest Report on TEAM

Atlassian Trading Down 6.7%

The stock has a market cap of $44.87 billion, a price-to-earnings ratio of -930.12, a P/E/G ratio of 14.90 and a beta of 1.15. The business’s 50 day moving average is $128.22 and its 200 day moving average is $96.44. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.78 and a quick ratio of 0.78.

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

Insider Activity at Atlassian

In other Atlassian news, CAO Gene Liu sold 1,125 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $175.00, for a total value of $196,875.00. Following the transaction, the chief accounting officer directly owned 56,807 shares in the company, valued at $9,941,225. This represents a 1.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO Brian Duffy sold 7,617 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $163.00, for a total transaction of $1,241,571.00. Following the sale, the executive directly owned 220,074 shares in the company, valued at approximately $35,872,062. The trade was a 3.35% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 28,383 shares of company stock valued at $4,316,379 over the last three months. 36.66% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Atlassian

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System increased its position in shares of Atlassian by 7,498.4% during the second quarter. California State Teachers Retirement System now owns 17,767,858 shares of the technology company’s stock worth $1,382,162,000 after purchasing an additional 17,534,021 shares in 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 buying an additional 5,769,788 shares during the period. Pictet Asset Management Holding SA lifted its stake in Atlassian by 27.4% in the first quarter. Pictet Asset Management Holding SA now owns 5,031,413 shares of the technology company’s stock valued at $343,344,000 after buying an additional 1,080,561 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Atlassian by 52.4% in the fourth quarter. Morgan Stanley now owns 4,822,007 shares of the technology company’s stock valued at $781,841,000 after acquiring an additional 1,657,309 shares during the period. Finally, State Street Corp boosted its holdings in shares of Atlassian by 3.3% in the fourth quarter. State Street Corp now owns 3,995,100 shares of the technology company’s stock valued at $647,766,000 after acquiring an additional 127,105 shares during the period. 94.45% of the stock is owned by hedge funds and other institutional investors.

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.