Atlassian stock price slides 8% on Citi target cut and insider sales as earnings loom
New York, Jan 17, 2026, 05:19 (EST) — The market has closed.
- Atlassian shares fell 7.7% on Friday, ending the day at $118.55 after hitting a low of $118.08 during trading
- Citi lowered its price target on the software company to $210 from $240 but maintained a Buy rating
- A regulatory filing revealed that CEO Mike Cannon-Brookes sold shares through a pre-arranged trading plan
Atlassian Corp (TEAM.O) shares fell 7.7% Friday, closing at $118.55 after trading between $129.46 and $118.08 during the session. The stock finished $9.90 below Thursday’s closing price. (Yahoo Finance)
The decline is significant as it comes just before a crucial period for U.S. software stocks, when analysts and investors often adjust…
