Atlassian Falls 4.6% as Investors Reassess Slower FY27 Growth

Atlassian (TEAM) is down 4.6% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver appears to be investors refocusing on Atlassian’s slower fiscal 2027 growth outlook rather than on a fresh negative company-specific headline. This could be because the stock had rallied sharply after August earnings, and a rich valuation can make shares vulnerable when management is guiding to growth that is solid but notably slower than fiscal 2026.

Details:

Atlassian’s August 6 quarterly update was strong on the surface, with fourth-quarter revenue up 28% year over year to $1.766 billion, cloud revenue up 31% to $1.213 billion, and subscription ARR up 23% to $6.606 billion.

Even so, management’s fiscal 2027 outlook called for about 13% total revenue growth, about 18% subscription ARR growth, and a roughly 17% decline in Data Center revenue, which points to a slower overall expansion rate than the company just delivered in fiscal 2026.

The annual report also showed Atlassian restructured during fiscal 2026, cutting about 10% of its workforce and recording roughly $203.9 million in severance costs plus about $80.0 million in lease-related impairment charges.

Recent company news has actually been constructive, including a September 23 update that pulled forward certain public-sector cloud timelines, so today’s drop looks more like valuation pressure or profit-taking than a reaction to a clearly negative announcement.

Sources:

SEC, Atlassian, Nasdaq

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$TEAM Insider Trading Activity

$TEAM insiders have traded $TEAM stock on the open market 82 times in the past 6 months. Of those trades, 0 have been purchases and 82 have been sales.

Here’s a breakdown of recent trading of $TEAM stock by insiders over the last 6 months:

BRIAN DUFFY (Chief Revenue Officer) has made 0 purchases and 38 sales selling 27,621 shares for an estimated $3,147,513.
JAMES CHUONG (Chief Financial Officer) has made 0 purchases and 22 sales selling 17,892 shares for an estimated $2,336,890.
GENE LIU (Chief Accounting Officer) has made 0 purchases and 22 sales selling 4,486 shares for an estimated $700,510.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$TEAM Hedge Fund Activity

We have seen 428 institutional investors add shares of $TEAM stock to their portfolio, and 497 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

GQG PARTNERS LLC added 7,658,413 shares (+inf%) to their portfolio in Q2 2026, for an estimated $595,747,947
BAILLIE GIFFORD & CO removed 4,773,597 shares (-56.6%) from their portfolio in Q2 2026, for an estimated $371,338,110
AQR CAPITAL MANAGEMENT LLC added 4,672,953 shares (+112.6%) to their portfolio in Q2 2026, for an estimated $363,509,013
AMERIPRISE FINANCIAL INC added 2,921,000 shares (+342.9%) to their portfolio in Q2 2026, for an estimated $227,224,590
VOYAGER GLOBAL MANAGEMENT LP removed 2,380,000 shares (-61.8%) from their portfolio in Q2 2026, for an estimated $185,140,200
TWO SIGMA INVESTMENTS, LP removed 2,153,047 shares (-46.3%) from their portfolio in Q2 2026, for an estimated $167,485,526
DNB ASSET MANAGEMENT AS added 1,753,042 shares (+21.7%) to their portfolio in Q2 2026, for an estimated $136,369,137

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$TEAM Analyst Ratings

Wall Street analysts have issued reports on $TEAM in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

BTIG issued a "Buy" rating on 05/01/2026

To track analyst ratings and price targets for $TEAM, check out Quiver Quantitative's $TEAM forecast page.

$TEAM Price Targets

Multiple analysts have issued price targets for $TEAM recently. We have seen 15 analysts offer price targets for $TEAM in the last 6 months, with a median target of $112.0.

Here are some recent targets:

Jason Celino from Keybanc set a target price of $115.0 on 07/08/2026
Keith Bachman from BMO Capital set a target price of $95.0 on 06/25/2026
Ittai Kidron from Oppenheimer set a target price of $110.0 on 05/11/2026
Allan Verkhovski from BTIG set a target price of $130.0 on 05/07/2026
Raimo Lenschow from Barclays set a target price of $112.0 on 05/07/2026
Joel Fishbein from Truist Securities set a target price of $100.0 on 05/01/2026
Steve Koenig from Macquarie set a target price of $130.0 on 05/01/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.