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

Key Points

• Scott Farquhar, Director of Atlassian, sold 7,665 shares of the company's stock for approximately $1.29 million, resulting in a 12.50% decrease in his position, leaving him with 53,655 shares valued at about $9.08 million.
• Atlassian's stock recently traded at $170.63, with a 52-week range from $155.37 to $326.00, reflecting significant volatility in its trading history.
• Analysts have changed their price targets for Atlassian, with Oppenheimer lowering its objective from $300 to $275, while Citigroup dropped its target from $300 to $240, indicating a more cautious outlook on the company's future performance.

Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) Director Scott Farquhar sold 7,665 shares of the company's stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $169.32, for a total transaction of $1,297,837.80. Following the transaction, the director owned 53,655 shares in the company, valued at approximately $9,084,864.60. This trade represents a 12.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, September 17th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $173.56, for a total transaction of $1,330,337.40.
• On Friday, September 12th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $175.17, for a total transaction of $1,342,678.05.
• On Monday, September 15th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $174.58, for a total transaction of $1,338,155.70.
• On Wednesday, September 10th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $175.76, for a total transaction of $1,347,200.40.
• On Monday, September 8th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $171.59, for a total transaction 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 transaction of $1,317,613.50.
• 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 transaction 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 stock was sold at an average price of $171.13, for a total transaction of $1,311,711.45.
• On Monday, August 25th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $169.40, for a total transaction of $1,298,451.00.

Atlassian Stock Performance

NASDAQ:TEAM traded up $1.58 during midday trading on Monday, hitting $170.63. The company's stock had a trading volume of 1,633,224 shares, compared to its average volume of 2,375,378. Atlassian Corporation PLC has a fifty-two week low of $155.37 and a fifty-two week high of $326.00. The firm's 50 day moving average is $178.63 and its 200-day moving average is $199.53. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market cap of $44.76 billion, a P/E ratio of -172.35 and a beta of 0.95.

Atlassian (NASDAQ:TEAM - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The technology company reported $0.98 earnings per share 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 for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the company earned $0.66 EPS. Atlassian's quarterly 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. Equities analysts anticipate that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TEAM has been the topic of a number of analyst reports. Oppenheimer dropped their price objective on shares of Atlassian from $300.00 to $275.00 and set an "outperform" rating on the stock in a research note on Monday, July 21st. Citigroup dropped their price objective on shares of Atlassian from $300.00 to $240.00 and set a "buy" rating on the stock in a research note on Monday, August 18th. Barclays dropped their price objective on shares of Atlassian from $244.00 to $215.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. KeyCorp dropped their price objective on shares of Atlassian from $275.00 to $250.00 and set an "overweight" rating on the stock in a research note on Thursday, July 17th. Finally, Cantor Fitzgerald dropped their price objective on shares of Atlassian from $256.00 to $240.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Atlassian 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 added to or reduced their stakes in TEAM. Norges Bank purchased a new position in Atlassian in the 2nd quarter valued at $377,794,000. Artisan Partners Limited Partnership lifted its holdings in Atlassian by 66.3% in the 2nd quarter. Artisan Partners Limited Partnership now owns 3,878,133 shares of the technology company's stock valued at $787,610,000 after purchasing an additional 1,545,546 shares in the last quarter. Nuveen LLC purchased a new position in Atlassian in the 1st quarter valued at $327,665,000. AQR Capital Management LLC lifted its holdings in Atlassian by 145.6% in the 1st quarter. AQR Capital Management LLC now owns 1,715,287 shares of the technology company's stock valued at $354,858,000 after purchasing an additional 1,016,902 shares in the last quarter. Finally, DNB Asset Management AS boosted its holdings in shares of Atlassian by 2,676.8% during the 2nd quarter. DNB Asset Management AS now owns 765,678 shares of the technology company's stock worth $155,502,000 after purchasing an additional 738,104 shares during the last quarter. Hedge funds and other institutional investors own 94.45% of the company's stock.

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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