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

Key Points

• Atlassian Director Scott Farquhar sold 7,665 shares at an average price of $175.17, totaling approximately $1.34 million, which marked a 7.69% decrease in his position.
• Atlassian's stock traded down 1.1%, reaching $172.04, with a market capitalization of $45.13 billion.
• The company recently reported quarterly earnings of $0.98 EPS, surpassing estimates, with revenue increasing 22.3% year-over-year.

Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $175.17, for a total value of $1,342,678.05. Following the transaction, the director directly owned 91,980 shares in the company, valued at approximately $16,112,136.60. The trade was a 7.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• 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 Monday, September 15th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $174.58, for a total value of $1,338,155.70.
• On Wednesday, September 10th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $175.76, for a total value of $1,347,200.40.
• On Monday, September 8th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $171.59, for a total value of $1,315,237.35.
• On Friday, September 5th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $171.90, for a total value of $1,317,613.50.
• On Wednesday, September 3rd, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were 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 shares were sold at an average price of $177.83, for a total value 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.

Atlassian Stock Performance

Shares of TEAM traded down $0.58 during mid-day trading on Friday, hitting $169.05. The stock had a trading volume of 2,754,523 shares, compared to its average volume of 2,134,461. The firm has a market cap of $44.35 billion, a P/E ratio of -170.76 and a beta of 0.95. The business has a fifty day moving average price of $178.63 and a 200-day moving average price of $199.89. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.22 and a quick ratio of 1.22. Atlassian Corporation PLC has a 52 week low of $155.37 and a 52 week high of $326.00.

Atlassian (NASDAQ:TEAM - Get Free Report) last issued its earnings results on Thursday, August 7th. The technology company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $1.36 billion. During the same period in the previous year, the company posted $0.66 earnings per share. The business's 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. On average, equities research analysts expect that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Analyst Ratings Changes

TEAM has been the topic of a number of analyst reports. Canaccord Genuity Group decreased their price objective on Atlassian from $255.00 to $230.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. Capital One Financial lowered Atlassian from an "overweight" rating to an "equal weight" rating and set a $211.00 target price on the stock. in a research note on Wednesday, July 16th. Guggenheim assumed coverage on Atlassian in a research note on Thursday, September 11th. They issued a "buy" rating and a $225.00 target price on the stock. Zacks Research upgraded Atlassian from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 20th. Finally, Barclays decreased their target price on Atlassian from $244.00 to $215.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $255.45.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State of Wyoming raised its position in Atlassian by 20.3% during the 1st 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. First Citizens Bank & Trust Co. raised its position in Atlassian by 4.7% during the 1st quarter. First Citizens Bank & Trust Co. now owns 1,192 shares of the technology company's stock valued at $253,000 after purchasing an additional 54 shares during the last quarter. First Horizon Advisors Inc. raised its position in Atlassian by 25.9% during the 1st 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. Fulton Bank N.A. raised its position in Atlassian by 3.1% during the 1st quarter. Fulton Bank N.A. now owns 1,892 shares of the technology company's stock valued at $402,000 after purchasing an additional 57 shares during the last quarter. Finally, Yousif Capital Management LLC raised its position in Atlassian by 2.9% during the 1st quarter. Yousif Capital Management LLC now owns 2,063 shares of the technology company's stock valued at $438,000 after purchasing an additional 58 shares during the last quarter. Institutional investors own 94.45% of the company's stock.

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.