Why Atlassian Corporation (TEAM) stock fell 16.1% on Friday, November 6, 2026

Atlassian Corporation (TEAM) closed at $153.68, down 16.15% on Friday, November 6, 2026, on volume of 7,466,500 shares (2.0× its 3-month average); market value about $38.90B.

What happened: primary sources

Events Nexqual found for TEAM on Friday, November 6, 2026 or the trading day before (November 5, 2026):

• Nov 5, 2026: Reported Q1 2027 results: adjusted EPS $1.65 vs consensus $1.43 (beat), revenue $1.77B vs consensus $1.71B (beat). Guidance: Total revenue for the second quarter of fiscal year 2027 is expected to be in the range of $1,825 million to $1,835 million. source
• Nov 5, 2026: SEC 8-K: Director or executive officer change, or pay arrangement source
  Quoted from the filing: “(b) Departure of Chief Accounting Officer On November 2, 2026, Gene Liu notified the Company of his decision to step down from his position as Chief Accounting Officer and principal accounting officer of the Company, effective November 13, 2026, following more than 12 years with the Company. The Company thanks Mr. Liu for his many contributions to Atlassian, including his contributions building a world-class financial reporting and accounting team and wishes him the best in his future endeavors. Mr. Liu's decision…”
• Nov 6, 2026: Truist Securities: Target lowered, Buy, price target $250 → $200
• Nov 6, 2026: Oppenheimer: Target lowered, Outperform, price target $275 → $240
• Nov 6, 2026: Wells Fargo: Target lowered, Overweight, price target $270 → $200
• Nov 6, 2026: Piper Sandler: Target raised, Overweight, price target $175 → $190
• Nov 6, 2026: BTIG: Target lowered, Buy, price target $260 → $240

These are listed as context. A filing or rating change on the same day is not proof that it caused the move; read the source.

More on TEAM

TEAM stock page: price, SEC financials, insider trades, superinvestor holders, analyst estimates and options. Earnings report: TEAM results, November 5, 2026. Other big moves that day: November 6, 2026.

Sources: SEC EDGAR, Nexqual Earnings Flash, analyst rating changes, Nexqual market data. Built November 10, 2026 at 16:31 UTC. Not investment advice.

Data source: Nexqual. Last updated: November 10, 2026 at 16:31 UTC. This page is informational and not investment advice.

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