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 company’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $157.28, for a total transaction of $1,205,551.20. Following the completion of the sale, the director directly owned 383,250 shares of the company’s stock, valued at $60,277,560. The trade was a 1.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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 transaction of $1,159,024.65.
• 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 transaction of $1,163,776.95.
• On Monday, October 13th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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.
• 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 transaction of $1,266,717.90.

Atlassian Trading Up 6.2%

NASDAQ TEAM opened at $168.71 on Wednesday. The stock has a market capitalization of $44.26 billion, a P/E ratio of -170.41 and a beta of 0.92. Atlassian Corporation PLC has a 52-week low of $144.32 and a 52-week high of $326.00. The firm has a 50-day moving average price of $164.48 and a 200 day moving average price of $189.80. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.73.

Atlassian (NASDAQ:TEAM) last posted its quarterly 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. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Atlassian had a negative net margin of 4.92% and a negative return on equity of 14.77%. The firm’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.66 earnings per share. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Equities research analysts expect that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Raymond James Financial cut their price target on shares of Atlassian from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Friday, August 8th. Mizuho dropped their target price on shares of Atlassian from $265.00 to $235.00 and set an “outperform” rating for the company in a report on Friday, August 8th. Capital One Financial cut shares of Atlassian from an “overweight” rating to an “equal weight” rating and set a $211.00 target price for the company. in a report on Wednesday, July 16th. UBS Group reaffirmed a “hold” rating on shares of Atlassian in a report on Monday, July 7th. Finally, Wall Street Zen raised shares of Atlassian from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Atlassian currently has an average rating of “Moderate Buy” and a consensus price target of $248.74.

Institutional Trading of Atlassian

Large investors have recently modified their holdings of the business. Capco Asset Management LLC acquired a new stake in shares of Atlassian in the second quarter valued at approximately $25,000. Smithfield Trust Co grew its position in shares of Atlassian by 90.7% in the first quarter. Smithfield Trust Co now owns 164 shares of the technology company’s stock valued at $34,000 after purchasing an additional 78 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of Atlassian by 447.2% in 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 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. Finally, 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. 94.45% of the stock is currently owned by institutional investors and hedge funds.

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.