Insider Selling: Atlassian (NASDAQ:TEAM) Director Sells 7,665 Shares of Stock

Atlassian Corporation PLC (NASDAQ:TEAM) Director Scott Farquhar sold 7,665 shares of the company’s stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $135.44, for a total value of $1,038,147.60. Following the completion of the transaction, the director owned 329,595 shares of the company’s stock, valued at approximately $44,640,346.80. This represents a 2.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, January 26th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $136.93, for a total transaction of $1,049,568.45.
• On Thursday, January 22nd, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $126.11, for a total transaction of $966,633.15.
• On Tuesday, January 20th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $118.19, for a total transaction of $905,926.35.
• On Friday, January 16th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $120.82, for a total transaction of $926,085.30.
• On Wednesday, January 14th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $133.66, for a total transaction of $1,024,503.90.
• On Monday, January 12th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $147.15, for a total value of $1,127,904.75.
• On Friday, January 9th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $145.91, for a total value of $1,118,400.15.
• On Wednesday, January 7th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $161.11, for a total value of $1,234,908.15.
• On Monday, January 5th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $154.20, for a total value of $1,181,943.00.
• On Friday, January 2nd, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $156.15, for a total value of $1,196,889.75.

Atlassian Stock Down 10.7%

Shares of Atlassian stock traded down $14.38 on Thursday, hitting $120.38. 9,469,378 shares of the company’s stock traded hands, compared to its average volume of 4,791,837. Atlassian Corporation PLC has a 52-week low of $115.01 and a 52-week high of $326.00. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.72. The stock has a market cap of $31.67 billion, a P/E ratio of -169.55, a PEG ratio of 20.73 and a beta of 0.88. The firm’s 50-day moving average is $149.55 and its 200 day moving average is $162.03.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.21. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.11%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the previous year, the firm earned $0.77 earnings per share. The business’s revenue was up 20.6% compared to the same quarter last year. Equities analysts anticipate that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TEAM shares. KeyCorp decreased their price target on Atlassian from $250.00 to $210.00 and set an “overweight” rating for the company in a research note on Thursday, October 23rd. BMO Capital Markets lifted their target price on Atlassian from $190.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Citigroup lowered their price target on Atlassian from $240.00 to $210.00 and set a “buy” rating for the company in a report on Friday, January 16th. Cantor Fitzgerald restated an “overweight” rating and set a $240.00 price objective on shares of Atlassian in a research note on Friday, October 31st. Finally, Piper Sandler reiterated an “overweight” rating on shares of Atlassian in a research note on Tuesday, January 13th. Twenty-one analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $231.54.

Hedge Funds Weigh In On Atlassian

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capco Asset Management LLC bought a new stake in Atlassian during the 2nd quarter valued at $25,000. Physician Wealth Advisors Inc. grew its stake in shares of Atlassian by 60.4% in the third quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock worth $26,000 after purchasing an additional 61 shares in the last quarter. Atlantic Union Bankshares Corp increased its holdings in shares of Atlassian by 19,900.0% during the third quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company’s stock valued at $32,000 after purchasing an additional 199 shares during the period. Board of the Pension Protection Fund bought a new stake in shares of Atlassian during the fourth quarter valued at about $32,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of Atlassian by 447.2% during the first quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock valued at $42,000 after purchasing an additional 161 shares in the last quarter. 94.45% of the stock is owned by institutional investors.

Atlassian News Summary

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: New marketing exposure — Atlassian’s Williams F1 team added Wilkinson Sword as an official partner, extending brand reach and sponsorship visibility that can help enterprise awareness and demand generation. Atlassian Williams F1 Team welcomes Wilkinson Sword as Official Men’s Grooming Partner
• Neutral Sentiment: AI competition analysis — Coverage examines Anthropic’s Cowork as a potential disruptor to Atlassian’s collaboration/workflow tools; impact is speculative now but increases competitive risk in AI-enabled workflows. Atlassian Faces AI Disruption: Analyzing the Impact of Anthropic’s Cowork
• Neutral Sentiment: Explanatory coverage is available summarizing the mix of drivers putting pressure on shares today (useful context but not new company-specific fundamentals). Why Atlassian Corporation’s (TEAM) Stock Is Down 12.94%
• Negative Sentiment: Insider selling — Director Scott Farquhar (and reporting indicates CEO activity) executed multiple share sales in January; repeated insider sales at current levels are a near?term negative signal for investor confidence. Insider Selling: Atlassian Director Sells Shares
• Negative Sentiment: Legal risk — Pomerantz LLP opened an investor investigation into Atlassian, which can prolong downward pressure until any claims are resolved or dismissed. Pomerantz investor alert
• Negative Sentiment: Analyst target cut — Robert W. Baird trimmed its price target (reducing near?term upside expectations); analyst downgrades/target cuts amplify selling pressure. Robert W. Baird Lowers Expectations for Atlassian
• Negative Sentiment: Short interest and 52?week low — Data show a meaningful increase in short interest earlier in January and headlines note the stock hit a new 52?week low, both signaling bearish positioning and momentum that can exacerbate declines. Atlassian stock hits 52-week low at 115.37 USD

About Atlassian

Atlassian Corporation Plc is a software company headquartered in Sydney, Australia, best known for developing collaboration, project management and software development tools. Founded in 2002 by Mike Cannon-Brookes and Scott Farquhar, Atlassian grew from a small engineering-focused team into a publicly traded company after its initial public offering in 2015. The company serves a global customer base that spans small teams to large enterprises across technology, financial services, government and other sectors.

Atlassian’s product portfolio centers on tools designed to help teams plan, build and support software and business processes.