• Jefferies sets a price target of $262 for NASDAQ:TEAM, indicating a potential upside of approximately 96%.
• Recent insider sales by key executives, including a sale of 7,665 shares by both the CEO and a Director, raise questions about the stock's future.
• Despite a significant drop from its peak, the stock's active trading volume and current market capitalization of $33.7 billion suggest investor interest remains high.

Atlassian Corporation PLC, trading under the symbol NASDAQ:TEAM, is a leading provider of team collaboration and productivity software. The company is known for its popular products like Jira, Confluence, and Trello, which are widely used by businesses to enhance project management and team collaboration. Atlassian competes with other tech giants like Microsoft and Slack in the collaboration software market.

On January 15, 2026, 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. This optimistic outlook comes despite the stock's recent decline, which has seen it drop by 72% from its peak in 2021 and 57% from its highs in 2025. The stock's current market capitalization is approximately $33.7 billion.

Recent insider sales have raised questions about the stock's future. Scott Farquhar, a Director at Atlassian, sold 7,665 shares on January 12th at an average price of $147.15, totaling around $1.13 million. This sale represents a 1.85% decrease in his ownership, leaving him with 406,245 shares valued at about $59.78 million. Similar sales were made earlier in the month at varying prices.

Atlassian's CEO, Michael Cannon-Brookes, also sold 7,665 shares on January 12th at the same average price as Farquhar, amounting to approximately $1.13 million. This transaction also reduced his stake by 1.85%, leaving him with the same number of shares as Farquhar. These insider sales have been officially documented with the Securities and Exchange Commission.

Despite the insider sales and the stock's recent decline, Jefferies' price target suggests potential for significant growth. The stock's trading volume on the NASDAQ exchange is 4,430,165 shares, indicating active investor interest. With a 52-week high of $326 and a low of $127.73, investors are closely watching TEAM for potential buying opportunities.