Atlassian Corp. faces removal from the Nasdaq-100 index in April 2026.
The company's stock price declined approximately 50% over the last three months. This slump resulted in a low index weighting for the software firm.
Institutional investors and exchange-traded funds tracking the index may be forced to sell shares. This divestment could exert further downward pressure on the stock price.
Sandisk Corp is forecasted to replace Atlassian in the index.