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

Key Points

• Atlassian Director Scott Farquhar sold 7,665 shares at an average price of $147.81, totaling approximately $1.13 million, which decreased his ownership by 1.79% to 421,575 shares.
• The company's stock increased by 4.7% to $156.37 on Tuesday after a trading volume of 3.9 million shares, surpassing its average volume of 2.4 million.
• Atlassian's recent earnings showed a 22.3% year-over-year revenue growth, reporting $1.38 billion for the quarter, with EPS of $0.98, exceeding analyst expectations.

Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) Director Scott Farquhar sold 7,665 shares of the stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $147.81, for a total transaction of $1,132,963.65. Following the sale, the director owned 421,575 shares in the company, valued at approximately $62,313,000.75. This trade represents a 1.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• 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 shares were 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 shares were sold at an average price of $165.26, for a total transaction of $1,266,717.90.
• On Wednesday, September 24th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $165.09, for a total transaction of $1,265,414.85.
• On Monday, September 22nd, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $170.20, for a total transaction of $1,304,583.00.
• On Friday, September 19th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $169.32, for a total transaction of $1,297,837.80.

Atlassian Stock Up 4.7%

Shares of NASDAQ:TEAM traded up $6.98 during trading hours on Tuesday, reaching $156.37. The stock had a trading volume of 3,905,106 shares, compared to its average volume of 2,420,688. Atlassian Corporation PLC has a 1 year low of $144.32 and a 1 year high of $326.00. The firm's 50 day moving average is $166.31 and its 200-day moving average is $191.84. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market capitalization of $41.02 billion, a price-to-earnings ratio of -157.95 and a beta of 0.92.

Atlassian (NASDAQ:TEAM - Get Free Report) last posted its earnings results on Thursday, August 7th. The technology company reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.15. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.36 billion. Atlassian had a negative net margin of 4.92% and a negative return on equity of 14.77%. The company's revenue was up 22.3% on a year-over-year basis. During the same period last year, the firm posted $0.66 EPS. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Research analysts predict that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Institutional Trading of Atlassian

Several hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its stake in shares of Atlassian by 78.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,749 shares of the technology company's stock worth $279,000 after acquiring an additional 767 shares during the period. OFI Invest Asset Management lifted its stake in shares of Atlassian by 45,027.6% in the 3rd quarter. OFI Invest Asset Management now owns 218,869 shares of the technology company's stock worth $34,953,000 after acquiring an additional 218,384 shares during the period. Brighton Jones LLC lifted its stake in shares of Atlassian by 54.7% in the 3rd quarter. Brighton Jones LLC now owns 6,785 shares of the technology company's stock worth $1,084,000 after acquiring an additional 2,398 shares during the period. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Atlassian in the 3rd quarter worth $295,000. Finally, Congress Park Capital LLC acquired a new stake in shares of Atlassian in the 3rd quarter worth $315,000. Institutional investors and hedge funds own 94.45% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on TEAM. Wells Fargo & Company began coverage on shares of Atlassian in a research report on Tuesday, September 30th. They issued an "overweight" rating and a $216.00 target price on the stock. Guggenheim began coverage on shares of Atlassian in a research report on Thursday, September 11th. They issued a "buy" rating and a $225.00 target price on the stock. BMO Capital Markets dropped their target price on shares of Atlassian from $225.00 to $200.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. Raymond James Financial dropped their target price on shares of Atlassian from $300.00 to $250.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. Finally, Stephens decreased their price target on shares of Atlassian from $221.00 to $202.00 and set an "equal weight" rating for the company in a research note on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $248.74.

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.

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