Atlassian (US:TEAM) Financial Modeling Prep·2026-01-16 04:09Company Overview - Atlassian Corporation PLC, trading under the symbol NASDAQ:TEAM, is a leading provider of team collaboration and productivity software, known for products like Jira, Confluence, and Trello [1] - The company competes with tech giants such as Microsoft and Slack in the collaboration software market [1] Stock Performance and Analyst Outlook - Jefferies set a price target of $262 for TEAM, suggesting a potential price increase of approximately 96% from its current trading price of $128.45 [2] - The stock has recently declined, dropping by 72% from its peak in 2021 and 57% from its highs in 2025, with a current market capitalization of approximately $33.7 billion [2] Insider Sales - Recent insider sales have raised questions about the stock's future, with Scott Farquhar, a Director, selling 7,665 shares on January 12th at an average price of $147.15, totaling around $1.13 million, representing a 1.85% decrease in his ownership [3] - CEO Michael Cannon-Brookes also sold 7,665 shares on the same date for approximately $1.13 million, reducing his stake by 1.85% [4] Market Activity - Despite the insider sales and stock decline, Jefferies' price target indicates potential for significant growth, with a trading volume of 4,430,165 shares on NASDAQ, reflecting active investor interest [5] - The stock has a 52-week high of $326 and a low of $127.73, indicating that investors are closely monitoring TEAM for potential buying opportunities [5]