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

Atlassian Corporation PLC (NASDAQ:TEAM) Director Scott Farquhar sold 7,665 shares of the business’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $169.40, for a total value of $1,298,451.00. Following the sale, the director owned 183,960 shares of the company’s stock, valued at approximately $31,162,824. This represents a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, August 22nd, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $169.73, for a total transaction of $1,300,980.45.
• On Wednesday, August 20th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $166.30, for a total transaction of $1,274,689.50.
• On Thursday, August 14th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $163.26, for a total transaction of $1,251,387.90.
• On Monday, August 11th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $163.51, for a total transaction of $1,253,304.15.
• On Friday, August 8th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $171.03, for a total transaction of $1,310,944.95.
• On Wednesday, August 6th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $185.81, for a total transaction of $1,424,233.65.
• On Monday, August 4th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $185.43, for a total value of $1,421,320.95.
• On Friday, August 1st, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $184.43, for a total value of $1,413,655.95.
• On Wednesday, July 30th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $197.88, for a total value of $1,516,750.20.
• On Monday, July 28th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $202.05, for a total value of $1,548,713.25.

Atlassian Stock Up 4.6%

NASDAQ TEAM opened at $171.88 on Thursday. Atlassian Corporation PLC has a 52 week low of $154.07 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 company has a market capitalization of $45.09 billion, a P/E ratio of -173.61 and a beta of 0.96. The stock’s 50-day moving average price is $188.88 and its 200-day moving average price is $215.01.

Atlassian (NASDAQ:TEAM) last released its earnings results on Thursday, August 7th. The technology company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the firm posted $0.66 EPS. The firm’s quarterly revenue 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. On average, equities research analysts predict that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on TEAM. Wells Fargo & Company lowered their target price on shares of Atlassian from $330.00 to $315.00 and set an “overweight” rating on the stock in a research note on Friday, May 2nd. Canaccord Genuity Group lowered their price objective on Atlassian from $255.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, August 8th. Citigroup cut their target price on Atlassian from $300.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, August 18th. Raymond James Financial decreased their target price on Atlassian from $300.00 to $250.00 and set an “outperform” rating on the stock in a research note on Friday, August 8th. Finally, KeyCorp lowered their price target on Atlassian from $275.00 to $250.00 and set an “overweight” rating on the stock in a report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Atlassian presently has a consensus rating of “Moderate Buy” and an average price target of $256.90.

Hedge Funds Weigh In On Atlassian

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Clean Yield Group grew its holdings in Atlassian by 372.0% during the 1st quarter. Clean Yield Group now owns 118 shares of the technology company’s stock valued at $25,000 after buying an additional 93 shares in the last quarter. Capco Asset Management LLC bought a new position in shares of Atlassian during the 2nd quarter valued at approximately $25,000. Colonial Trust Co SC grew its holdings in shares of Atlassian by 100.0% in the fourth quarter. Colonial Trust Co SC now owns 138 shares of the technology company’s stock valued at $34,000 after purchasing an additional 69 shares in the last quarter. Smithfield Trust Co increased its position in Atlassian by 90.7% in the first quarter. Smithfield Trust Co now owns 164 shares of the technology company’s stock worth $34,000 after purchasing an additional 78 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its position in Atlassian by 447.2% in the first quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock worth $42,000 after purchasing an additional 161 shares during the last quarter. 94.45% of the stock is owned by institutional investors.

About Atlassian

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.