Atlassian (NASDAQ:TEAM) Director Scott Farquhar Sells 7,665 Shares of Stock

Atlassian Corporation PLC (NASDAQ:TEAMGet Free Report) Director Scott Farquhar sold 7,665 shares of the stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $169.16, for a total value of $1,296,611.40. Following the completion of the sale, the director owned 367,920 shares of the company’s stock, valued at $62,237,347.20. The trade was a 2.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Scott Farquhar also recently made the following trade(s):

  • On Friday, October 17th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $151.21, for a total value of $1,159,024.65.
  • On Monday, October 20th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $157.28, for a total value of $1,205,551.20.
  • On Wednesday, October 15th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $151.83, for a total value of $1,163,776.95.
  • On Monday, October 13th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $147.81, for a total transaction of $1,132,963.65.
  • On Friday, October 10th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $145.85, for a total transaction of $1,117,940.25.
  • On Wednesday, October 8th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $150.93, for a total transaction of $1,156,878.45.
  • On Monday, October 6th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $150.75, for a total transaction of $1,155,498.75.
  • On Friday, October 3rd, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $150.86, for a total transaction of $1,156,341.90.
  • On Wednesday, October 1st, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $152.50, for a total transaction of $1,168,912.50.
  • On Monday, September 29th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $166.36, for a total transaction of $1,275,149.40.

Atlassian Trading Down 1.7%

NASDAQ TEAM opened at $165.01 on Friday. Atlassian Corporation PLC has a 1-year low of $144.32 and a 1-year high of $326.00. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $43.29 billion, a PE ratio of -166.68 and a beta of 0.92. The firm’s fifty day simple moving average is $164.57 and its 200-day simple moving average is $189.50.

Atlassian (NASDAQ:TEAMGet Free Report) last posted its quarterly earnings results on Thursday, August 7th. The technology company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Atlassian had a negative net margin of 4.92% and a negative return on equity of 14.77%. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the business posted $0.66 earnings per share. Atlassian’s revenue for the quarter was up 22.3% compared to the same quarter last year. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, sell-side analysts anticipate that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Atlassian

Several hedge funds and other institutional investors have recently made changes to their positions in the business. State of Wyoming grew its position in shares of Atlassian by 20.3% in the first quarter. State of Wyoming now owns 278 shares of the technology company’s stock valued at $59,000 after purchasing an additional 47 shares during the last quarter. First Horizon Advisors Inc. grew its position in shares of Atlassian by 25.9% in the first quarter. First Horizon Advisors Inc. now owns 267 shares of the technology company’s stock valued at $57,000 after purchasing an additional 55 shares during the last quarter. EP Wealth Advisors LLC lifted its stake in shares of Atlassian by 2.8% in the first quarter. EP Wealth Advisors LLC now owns 2,641 shares of the technology company’s stock valued at $561,000 after buying an additional 71 shares during the period. Snowden Capital Advisors LLC lifted its stake in shares of Atlassian by 1.6% in the second quarter. Snowden Capital Advisors LLC now owns 4,464 shares of the technology company’s stock valued at $907,000 after buying an additional 71 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Atlassian by 11.5% in the first quarter. Smartleaf Asset Management LLC now owns 716 shares of the technology company’s stock valued at $156,000 after buying an additional 74 shares during the period. 94.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on TEAM shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Atlassian in a research report on Wednesday, October 8th. Canaccord Genuity Group reissued a “buy” rating and set a $230.00 target price on shares of Atlassian in a research report on Wednesday. Wall Street Zen raised shares of Atlassian from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Citigroup reissued a “buy” rating on shares of Atlassian in a research report on Wednesday. Finally, Truist Financial set a $230.00 target price on shares of Atlassian in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $247.00.

View Our Latest Research Report on TEAM

About Atlassian

(Get Free Report)

Atlassian Corporation, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its product portfolio includes Jira Software and Jira Work Management, a project management system that connects technical and business teams so they can better plan, organize, track and manage their work and projects; Confluence, a connected workspace that organizes knowledge across all teams to move work forward; and Trello, a collaboration and organization product that captures and adds structure to fluid and fast-forming work for teams.

Further Reading

Insider Buying and Selling by Quarter for Atlassian (NASDAQ:TEAM)

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