Atlassian (NASDAQ:TEAM) Director Sells $1,155,498.75 in Stock

Atlassian Corporation PLC (NASDAQ:TEAM) Director Scott Farquhar sold 7,665 shares of the stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $150.75, for a total value of $1,155,498.75. Following the sale, the director directly owned 452,235 shares in the company, valued at $68,174,426.25. This represents a 1.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• 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 value of $1,156,878.45.
• 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 value 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 value 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 value of $1,275,149.40.
• On Friday, September 26th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $165.26, for a total value of $1,266,717.90.
• On Wednesday, September 24th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $165.09, for a total value of $1,265,414.85.
• On Monday, September 22nd, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $170.20, for a total value of $1,304,583.00.
• On Friday, September 19th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $169.32, for a total value of $1,297,837.80.
• On Wednesday, September 17th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $173.56, for a total value of $1,330,337.40.
• On Friday, September 12th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $175.17, for a total value of $1,342,678.05.

Atlassian Price Performance

NASDAQ:TEAM opened at $147.74 on Friday. Atlassian Corporation PLC has a 52 week low of $146.16 and a 52 week high of $326.00. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $38.76 billion, a PE ratio of -149.23 and a beta of 0.92. The stock’s 50-day moving average price is $167.81 and its 200-day moving average price is $193.42.

Atlassian (NASDAQ:TEAM) last posted its earnings results on Thursday, August 7th. The technology company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Atlassian had a negative return on equity of 14.77% and a negative net margin of 4.92%.The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period last year, the firm earned $0.66 EPS. The company’s quarterly revenue was up 22.3% on a year-over-year basis. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, equities analysts expect that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Analyst Ratings Changes

TEAM has been the topic of a number of analyst reports. Citigroup dropped their target price on Atlassian from $300.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, August 18th. Capital One Financial cut Atlassian from an “overweight” rating to an “equal weight” rating and set a $211.00 target price on the stock. in a research report on Wednesday, July 16th. Raymond James Financial dropped their target price on Atlassian from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Friday, August 8th. Barclays decreased their price target on shares of Atlassian from $244.00 to $215.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. Finally, Truist Financial set a $230.00 price target on shares of Atlassian in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Atlassian currently has an average rating of “Moderate Buy” and an average target price of $248.74.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TEAM. Norges Bank purchased a new position in Atlassian in the 2nd quarter worth approximately $377,794,000. Artisan Partners Limited Partnership lifted its stake in Atlassian by 66.3% in the 2nd quarter. Artisan Partners Limited Partnership now owns 3,878,133 shares of the technology company’s stock worth $787,610,000 after purchasing an additional 1,545,546 shares in the last quarter. Nuveen LLC purchased a new position in Atlassian in the 1st quarter worth approximately $327,665,000. AQR Capital Management LLC lifted its stake in Atlassian by 145.6% in the 1st quarter. AQR Capital Management LLC now owns 1,715,287 shares of the technology company’s stock worth $354,858,000 after purchasing an additional 1,016,902 shares in the last quarter. Finally, DNB Asset Management AS lifted its stake in Atlassian by 2,676.8% in the 2nd quarter. DNB Asset Management AS now owns 765,678 shares of the technology company’s stock worth $155,502,000 after purchasing an additional 738,104 shares in the last quarter. 94.45% of the stock is owned by hedge funds and other institutional investors.

Atlassian Company Profile

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.