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

Key Points

• Atlassian Director Scott Farquhar sold 7,665 shares of the company's stock on September 5th for a total value of $1,317,613.50, decreasing his ownership by 5.56% to 130,305 shares.
• The company's stock price on that day was around $171.90, while its current price is approximately $172.70, reflecting a slight uptick in trading.
• Atlassian recently reported a 22.3% year-over-year increase in revenue, with earnings per share (EPS) of $0.98, exceeding analyst expectations of $0.83.

Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) Director Scott Farquhar sold 7,665 shares of the firm's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $171.90, for a total value of $1,317,613.50. Following the transaction, the director directly owned 130,305 shares of the company's stock, valued at approximately $22,399,429.50. This represents a 5.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, September 3rd, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $171.14, for a total value of $1,311,788.10.
• On Friday, August 29th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $177.83, for a total transaction of $1,363,066.95.
• On Wednesday, August 27th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $171.13, for a total value of $1,311,711.45.
• On Monday, August 25th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $169.40, for a total value of $1,298,451.00.
• On Friday, August 22nd, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $169.73, for a total value of $1,300,980.45.
• On Wednesday, August 20th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $166.30, for a total value 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 value of $1,251,387.90.
• On Monday, August 11th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $163.51, for a total value 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 stock was sold at an average price of $185.81, for a total transaction of $1,424,233.65.

Atlassian Stock Performance

Shares of NASDAQ:TEAM traded up $0.27 during mid-day trading on Monday, reaching $172.70. The company had a trading volume of 1,800,905 shares, compared to its average volume of 2,389,118. 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 firm has a market cap of $45.30 billion, a price-to-earnings ratio of -174.44 and a beta of 0.95. The company's 50-day moving average price is $185.63 and its 200-day moving average price is $206.83. Atlassian Corporation PLC has a one year low of $154.07 and a one year high of $326.00.

Atlassian (NASDAQ:TEAM - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The technology company reported $0.98 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.15. The company had revenue of $1.38 billion for 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%. Atlassian's revenue was up 22.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.66 EPS. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, equities research analysts anticipate that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on TEAM. Cantor Fitzgerald lowered their price target on shares of Atlassian from $256.00 to $240.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. Stephens lowered their target price on shares of Atlassian from $221.00 to $202.00 and set an "equal weight" rating on the stock in a report on Monday, August 11th. Mizuho lowered their target price on shares of Atlassian from $265.00 to $235.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. UBS Group reissued a "hold" rating on shares of Atlassian in a report on Monday, July 7th. Finally, Oppenheimer lowered their target price on shares of Atlassian from $300.00 to $275.00 and set an "outperform" rating on the stock in a report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $256.90.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TEAM. Clean Yield Group lifted its stake in Atlassian by 372.0% in the first quarter. Clean Yield Group now owns 118 shares of the technology company's stock worth $25,000 after purchasing an additional 93 shares during the last quarter. Capco Asset Management LLC bought a new position in shares of Atlassian during the second quarter valued at about $25,000. Colonial Trust Co SC raised its stake in shares of Atlassian by 100.0% during the fourth quarter. Colonial Trust Co SC now owns 138 shares of the technology company's stock valued at $34,000 after acquiring an additional 69 shares during the last quarter. Smithfield Trust Co raised its stake in shares of Atlassian by 90.7% during the first quarter. Smithfield Trust Co now owns 164 shares of the technology company's stock valued at $34,000 after acquiring an additional 78 shares during the last quarter. 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 acquiring an additional 161 shares during the last quarter. 94.45% of the stock is currently 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.

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