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

Key Points

• Atlassian Director Scott Farquhar sold 7,665 shares on October 17th at an average price of $151.21, totaling approximately $1.16 million, reducing his total holdings by 1.92%.
• Atlassian's stock price rose 4.5% to $158.79 on October 20th, despite analysts rating the stock with a consensus of "Moderate Buy" and a target price of $248.74.
• In its latest earnings report, Atlassian reported $1.38 billion in revenues, surpassing forecasts, with an earnings per share (EPS) of $0.98, exceeding estimates by $0.15.

Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) Director Scott Farquhar sold 7,665 shares of the company's stock in a transaction that occurred on Friday, October 17th. The shares were sold at an average price of $151.21, for a total value of $1,159,024.65. Following the transaction, the director owned 390,915 shares of the company's stock, valued at approximately $59,110,257.15. This represents a 1.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, October 20th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $157.28, for a total value of $1,205,551.20.
• 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 value 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 value 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 value 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 value 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 value of $1,155,498.75.
• On Friday, October 3rd, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $150.86, for a total value of $1,156,341.90.
• On Wednesday, October 1st, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $152.50, for a total value 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 value 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 value of $1,266,717.90.

Atlassian Stock Up 4.5%

TEAM traded up $6.84 during trading on Monday, reaching $158.79. The stock had a trading volume of 2,518,920 shares, compared to its average volume of 2,428,831. The stock's 50 day moving average is $164.27 and its two-hundred day moving average is $189.94. 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 company has a market capitalization of $41.66 billion, a price-to-earnings ratio of -160.39 and a beta of 0.92. Atlassian Corporation PLC has a one year low of $144.32 and a one year high of $326.00.

Atlassian (NASDAQ:TEAM - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $0.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the company earned $0.66 earnings per share. The firm's quarterly revenue was up 22.3% compared to the same quarter last year. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, analysts expect that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its position in shares of Atlassian by 37.7% during the 1st quarter. Farther Finance Advisors LLC now owns 369 shares of the technology company's stock valued at $80,000 after buying an additional 101 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Atlassian by 96.9% during the 1st quarter. GAMMA Investing LLC now owns 571 shares of the technology company's stock valued at $121,000 after buying an additional 281 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Atlassian by 70.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 21,407 shares of the technology company's stock valued at $4,543,000 after buying an additional 8,840 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new position in shares of Atlassian during the 1st quarter valued at about $252,000. Finally, Johnson Investment Counsel Inc. lifted its position in shares of Atlassian by 6.5% during the 1st quarter. Johnson Investment Counsel Inc. now owns 978 shares of the technology company's stock valued at $208,000 after buying an additional 60 shares in the last quarter. 94.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Zacks Research downgraded Atlassian from a "hold" rating to a "strong sell" rating in a report on Tuesday, October 7th. Wells Fargo & Company began coverage on Atlassian in a research report on Tuesday, September 30th. They set an "overweight" rating and a $216.00 price objective on the stock. Oppenheimer dropped their price objective on Atlassian from $300.00 to $275.00 and set an "outperform" rating on the stock in a research report on Monday, July 21st. Guggenheim began coverage on Atlassian in a research report on Thursday, September 11th. They set a "buy" rating and a $225.00 price objective on the stock. Finally, Stephens dropped their price objective on Atlassian from $221.00 to $202.00 and set an "equal weight" rating on the stock in a research report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently 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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