Atlassian (TEAM) News Today

Summary for Atlassian Corporation PLC (NASDAQ:TEAM)

Shares of Atlassian are trading lower today amid a string of analyst downgrades and insider share sales, though the stock gets a positive boost from a new sustainability partnership.

• Positive Sentiment: Atlassian teams up with Reflo and Williams Racing to develop sustainable sportswear, highlighting its commitment to ESG initiatives. Reflo Joins Atlassian Williams Racing To Drive Forward Sustainable Sportswear
• Neutral Sentiment: Benzinga aggregates insights from 10 financial analysts, offering a broad view of Atlassian’s prospects without a clear directional bias. Assessing Atlassian: Insights From 10 Financial Analysts
• Neutral Sentiment: Morningstar’s interactive chart displays Atlassian’s recent price action and technicals, but stops short of issuing a verdict. TEAM – Atlassian Corp Class A Chart – Morningstar
• Negative Sentiment: A Barron’s analyst downgrades Atlassian, warning that AI competition—especially from GitLab—poses a threat to its market position. GitLab and Atlassian Get Downgrades. AI Competition is a Threat, Analyst Says.
• Negative Sentiment: Mizuho trims its price target on TEAM from $290 to $265 while keeping an “outperform” rating, reflecting reduced upside expectations. Mizuho Cuts Atlassian (NASDAQ:TEAM) Price Target to $265.00
• Negative Sentiment: Capital One Financial downgrades TEAM from “overweight” to “equal weight” with a $211 price objective, signaling more cautious sentiment. Atlassian (NASDAQ:TEAM) Cut to “Equal Weight” at Capital One Financial
• Negative Sentiment: CEO Michael Cannon-Brookes sells $1.48 million in shares, reducing his stake amid the recent downtrend. Atlassian Corporation PLC (NASDAQ:TEAM) CEO Sells $1,476,585.60 in Stock
• Negative Sentiment: Director Scott Farquhar offloads $1.47 million worth of TEAM shares, continuing a series of insider sales that may concern investors. Atlassian Corporation PLC (NASDAQ:TEAM) Director Sells $1,472,139.90 in Stock