📅 2 days ago Analyzed on Jan 16, 2026

TEAM

Atlassian Corporation
2026-01-16 03:55 PM
-5.54%
Atlassian continues steep multi-day decline amid executive departure and analyst downgrades
An SEC 8-K filing from January 15 reveals a departure of directors or officers at Atlassian. Additionally, Citi cut price targets on Atlassian and other software names on January 16, according to Seeking Alpha.

Analysis

This marks the fifth consecutive day of significant losses for TEAM, with the stock down roughly 25% over this period. The executive departure disclosed in the 8-K filing, combined with the Citi price target cut, provides a clear catalyst for continued selling pressure. Earlier in the week, broader tech weakness from China-related Nvidia chip concerns may have contributed to initial selling, but the company-specific news now appears to be driving the extended decline.

Date: 2026-01-16
Price: $121.53
Type: Stock Specific
Confidence: medium

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