Atlassian stock falls as lingering SaaS selloff and post-guidance jitters weigh on sentiment

Atlassian Corporation (TEAM) is down 3.5% today. Here is some analysis on what might have caused this price movement.

Analysis: The move looks tied to ongoing volatility in software/SaaS valuations, with investors still cautious after Atlassian’s recent guidance-driven reset and broader concerns about how AI could pressure traditional per-seat software economics. With the stock having been in a sharp downdraft over the past month, even modest risk-off positioning can translate into outsized daily swings.

Details:

Recent trading in high-multiple software names has been choppy, and Atlassian has been among the stocks most sensitive to shifts in risk appetite following the 2026 software selloff and its aftermath.

Investor focus has remained on Atlassian’s growth trajectory after its latest outlook, as the market debates whether the company can re-accelerate to prior long-term targets versus settling into a lower growth rate.

Atlassian is also managing a multi-year transition away from Data Center offerings, with phased changes beginning March 30, 2026, which can create near-term uncertainty around customer timing and revenue mix.

This could also be a technical move, as recent commentary noted TEAM had fallen meaningfully from early February into early March, leaving the stock prone to trend-driven selling on weak sessions.

Sources:

Atlassian, The Motley Fool, Trefis

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 1227 times in the past 6 months. Of those trades, 8 have been purchases and 1219 have been sales.

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

SCOTT FARQUHAR has made 0 purchases and 564 sales selling 781,830 shares for an estimated $119,526,718.
MICHAEL CANNON-BROOKES (CEO, Co-Founder) has made 0 purchases and 564 sales selling 781,830 shares for an estimated $119,526,588.
RAJEEV BASHYAM RAJAN (Chief Technology Officer) has made 0 purchases and 21 sales selling 15,750 shares for an estimated $1,884,419.
ANUTTHARA BHARADWAJ (President) has made 0 purchases and 6 sales selling 9,847 shares for an estimated $1,501,235.
JOSEPH LEO BINZ (Chief Financial Officer) has made 0 purchases and 21 sales selling 10,843 shares for an estimated $1,318,639.
SCOTT BELSKY has made 8 purchases buying 4,714 shares for an estimated $738,163 and 0 sales.
BRIAN DUFFY (Chief Revenue Officer) has made 0 purchases and 21 sales selling 5,612 shares for an estimated $689,623.
GENE LIU (Chief Accounting Officer) has made 0 purchases and 21 sales selling 2,110 shares for an estimated $252,368.
SHONA L BROWN sold 528 shares for an estimated $86,064

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$TEAM Hedge Fund Activity

We have seen 450 institutional investors add shares of $TEAM stock to their portfolio, and 504 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 8,760,091 shares (-76.4%) from their portfolio in Q4 2025, for an estimated $1,420,361,154
AQR CAPITAL MANAGEMENT LLC added 5,769,788 shares (+291.4%) to their portfolio in Q4 2025, for an estimated $935,513,426
ARTISAN PARTNERS LIMITED PARTNERSHIP removed 3,878,133 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $619,337,840
WCM INVESTMENT MANAGEMENT, LLC removed 3,388,634 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $541,164,849
SANDS CAPITAL MANAGEMENT, LLC removed 2,505,196 shares (-94.8%) from their portfolio in Q4 2025, for an estimated $406,192,479
D. E. SHAW & CO., INC. removed 2,161,018 shares (-63.1%) from their portfolio in Q4 2025, for an estimated $350,387,458
COATUE MANAGEMENT LLC removed 2,077,303 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $336,813,908

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$TEAM Analyst Ratings

Wall Street analysts have issued reports on $TEAM in the last several months. We have seen 8 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Mizuho issued a "Outperform" rating on 01/21/2026
BTIG issued a "Buy" rating on 01/13/2026
Bernstein issued a "Outperform" rating on 11/18/2025
Macquarie issued a "Outperform" rating on 11/03/2025
BMO Capital issued a "Outperform" rating on 10/24/2025
Canaccord Genuity issued a "Buy" rating on 10/22/2025
BWG Global issued a "Positive" rating on 10/14/2025

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 19 analysts offer price targets for $TEAM in the last 6 months, with a median target of $175.0.

Here are some recent targets:

Fatima Boolani from Citigroup set a target price of $160.0 on 02/09/2026
Ryan Macwilliams from Barclays set a target price of $165.0 on 02/06/2026
Rob Owens from Piper Sandler set a target price of $200.0 on 02/06/2026
Steve Koenig from Macquarie set a target price of $150.0 on 02/06/2026
Ryan Macwilliams from Wells Fargo set a target price of $155.0 on 02/06/2026
Keith Weiss from Morgan Stanley set a target price of $290.0 on 02/06/2026
Gregg Moskowitz from Mizuho set a target price of $205.0 on 02/06/2026

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.