Why Atlassian (TEAM) Stock Is Down Today

Atlassian (TEAM) is down 5.9% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a fresh analyst price-target cut tied to a lower longer-term revenue outlook, especially around softer Data Center expectations and more cautious Cloud assumptions. This could also be because investors remain uneasy about the broader enterprise software group and want clearer evidence that Atlassian’s newer AI products will translate into faster growth and durable profitability.

Details:

BofA lowered its price target on Atlassian to $105 from $110 while keeping a Neutral rating, and reduced its revenue forecasts for fiscal 2027 and 2028.

That revised view appears linked to expectations for less Data Center revenue and a more conservative Cloud growth path, which can weigh on sentiment even without a new company warning.

Atlassian’s latest quarterly results were strong, but its fourth-quarter fiscal 2026 outlook called for Data Center revenue growth of about 8.5%, much slower than Cloud, keeping attention on mix and deceleration risks.

The company has continued rolling out AI-focused Jira capabilities and previously announced a restructuring affecting about 10% of its workforce to shift resources toward AI and enterprise sales, suggesting the market is still debating how quickly that strategy pays off.

Sources:

Atlassian Investor Relations, SEC, Investing.com

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 239 times in the past 6 months. Of those trades, 0 have been purchases and 239 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 77 sales selling 91,980 shares for an estimated $11,035,202.
MICHAEL CANNON-BROOKES (CEO, Co-Founder) has made 0 purchases and 77 sales selling 91,980 shares for an estimated $11,035,185.
BRIAN DUFFY (Chief Revenue Officer) has made 0 purchases and 30 sales selling 20,357 shares for an estimated $1,766,496.
JAMES CHUONG (Chief Financial Officer) has made 0 purchases and 9 sales selling 8,838 shares for an estimated $775,513.
RAJEEV BASHYAM RAJAN (Chief Technology Officer) has made 0 purchases and 11 sales selling 7,081 shares for an estimated $577,842.
JOSEPH LEO BINZ (Chief Financial Officer) has made 0 purchases and 11 sales selling 4,602 shares for an estimated $375,700.
GENE LIU (Chief Accounting Officer) has made 0 purchases and 24 sales selling 1,844 shares for an estimated $150,418.

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

Here are some of the largest recent moves:

DNB ASSET MANAGEMENT AS added 4,087,510 shares (+102.4%) to their portfolio in Q1 2026, for an estimated $278,972,557
TWO SIGMA INVESTMENTS, LP added 3,733,168 shares (+408.2%) to their portfolio in Q1 2026, for an estimated $254,788,716
AQR CAPITAL MANAGEMENT LLC removed 3,599,663 shares (-46.4%) from their portfolio in Q1 2026, for an estimated $245,676,999
VOYAGER GLOBAL MANAGEMENT LP added 2,500,000 shares (+185.2%) to their portfolio in Q1 2026, for an estimated $170,625,000
UBS GROUP AG added 2,025,530 shares (+247.1%) to their portfolio in Q1 2026, for an estimated $138,242,422
POINT72 ASSET MANAGEMENT, L.P. removed 1,933,688 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $131,974,206
CARMIGNAC GESTION added 1,397,402 shares (+115.8%) to their portfolio in Q1 2026, for an estimated $95,372,686

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 19 analysts offer price targets for $TEAM in the last 6 months, with a median target of $120.0.

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
Fatima Boolani from Citigroup set a target price of $110.0 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.