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 October 22nd for approximately $1.3 million, bringing his total shares owned to 367,920.
• The stock's price has decreased by 1.7% during recent trading sessions, reaching $165.01, with a 52-week low of $144.32 and a high of $326.00.
• Most analysts maintain a Moderate Buy rating on Atlassian with a consensus target price of $247.00, despite some recent target price reductions from various firms.

Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) Director Scott Farquhar sold 7,665 shares of the firm's stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $169.16, for a total transaction of $1,296,611.40. Following the transaction, the director owned 367,920 shares of the company's stock, valued at approximately $62,237,347.20. This represents a 2.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, October 17th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $151.21, for a total transaction of $1,159,024.65.
• 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 stock was sold at an average price of $151.83, for a total transaction 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 stock was 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 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 stock was 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 stock was sold at an average price of $166.36, for a total transaction of $1,275,149.40.

Atlassian Trading Down 1.7%

Atlassian stock traded down $2.88 during midday trading on Thursday, hitting $165.01. 2,579,148 shares of the stock were exchanged, compared to its average volume of 2,448,412. Atlassian Corporation PLC has a 52 week low of $144.32 and a 52 week high of $326.00. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $43.29 billion, a PE ratio of -166.68 and a beta of 0.92. The company has a fifty day simple moving average of $164.57 and a two-hundred day simple moving average of $189.50.

Atlassian (NASDAQ:TEAM - Get Free Report) last released its quarterly earnings data 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 business had revenue of $1.38 billion during 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%. The firm's quarterly revenue was up 22.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.66 EPS. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Equities research analysts anticipate that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TEAM has been the subject of a number of research reports. Mizuho lowered their target price on Atlassian from $265.00 to $235.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. Citigroup reissued a "buy" rating on shares of Atlassian in a research note on Wednesday. Zacks Research cut Atlassian from a "hold" rating to a "strong sell" rating in a research note on Tuesday, October 7th. Truist Financial set a $230.00 target price on Atlassian in a research report on Friday, August 8th. Finally, BMO Capital Markets cut their target price on Atlassian from $225.00 to $200.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. One 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 given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $247.00.

Hedge Funds Weigh In On Atlassian

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TEAM. Norges Bank bought a new position in Atlassian during the second quarter worth $377,794,000. Artisan Partners Limited Partnership boosted its stake 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 during the period. Nuveen LLC acquired a new position in Atlassian in the 1st quarter valued at $327,665,000. AQR Capital Management LLC increased its position in Atlassian by 145.6% during the 1st quarter. AQR Capital Management LLC now owns 1,715,287 shares of the technology company's stock worth $354,858,000 after buying an additional 1,016,902 shares during the period. Finally, Swedbank AB lifted its holdings in shares of Atlassian by 139.6% during the third quarter. Swedbank AB now owns 1,372,976 shares of the technology company's stock worth $219,264,000 after buying an additional 800,000 shares in the last quarter. 94.45% of the stock is owned by 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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