Atlassian (NASDAQ:TEAM) Director Sells $1,163,776.95 in Stock

Key Points

• Atlassian Director Scott Farquhar sold 7,665 shares of stock on October 15th for approximately $1.16 million, reducing his position by 1.85% and leaving him with over 406,000 shares valued at about $61.68 million.
• The company's stock price is currently at $150.13, up 0.2%, with analysts giving it an average price target of $248.74 and a "Moderate Buy" rating.
• Atlassian reported a 22.3% year-over-year revenue increase in its latest quarter, achieving earnings of $0.98 per share, surpassing analysts' estimates.

Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) Director Scott Farquhar sold 7,665 shares of the company's stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $151.83, for a total value of $1,163,776.95. Following the completion of the transaction, the director directly owned 406,245 shares of the company's stock, valued at approximately $61,680,178.35. The trade was a 1.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, October 13th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was 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 transaction of $1,117,940.25.
• On Wednesday, October 8th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was 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 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 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 value of $1,266,717.90.
• On Wednesday, September 24th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was 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 stock was sold at an average price of $170.20, for a total transaction of $1,304,583.00.

Atlassian Stock Up 0.2%

TEAM traded up $0.29 during midday trading on Thursday, hitting $150.13. The company had a trading volume of 2,724,489 shares, compared to its average volume of 2,429,797. 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's 50 day moving average price is $165.02 and its 200 day moving average price is $191.31. The company has a market capitalization of $39.38 billion, a price-to-earnings ratio of -151.64 and a beta of 0.92. Atlassian Corporation PLC has a 52 week low of $144.32 and a 52 week high of $326.00.

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

Wall Street Analyst Weigh In

TEAM has been the topic of a number of recent research reports. Canaccord Genuity Group dropped their price objective on shares of Atlassian from $255.00 to $230.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. Truist Financial set a $230.00 price target on Atlassian in a research note on Friday, August 8th. Stephens lowered their price objective on Atlassian from $221.00 to $202.00 and set an "equal weight" rating for the company in a research note on Monday, August 11th. Citigroup cut their target price on Atlassian from $300.00 to $240.00 and set a "buy" rating on the stock in a research report on Monday, August 18th. Finally, Wells Fargo & Company began coverage on Atlassian in a report on Tuesday, September 30th. They set an "overweight" rating and a $216.00 price target for the company. One 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 given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $248.74.

Institutional Trading of Atlassian

Several hedge funds have recently added to or reduced their stakes in the stock. One Wealth Advisors LLC increased its stake in shares of Atlassian by 56.7% during the 2nd quarter. One Wealth Advisors LLC now owns 4,436 shares of the technology company's stock worth $901,000 after purchasing an additional 1,606 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Atlassian by 37.7% in the first 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 during the period. Cambridge Investment Research Advisors Inc. grew its stake in shares of Atlassian by 42.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,240 shares of the technology company's stock worth $900,000 after acquiring an additional 1,259 shares during the period. Principal Financial Group Inc. increased its holdings in Atlassian by 350.1% in the 1st quarter. Principal Financial Group Inc. now owns 51,900 shares of the technology company's stock worth $11,014,000 after acquiring an additional 40,369 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Atlassian by 47,387.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,799 shares of the technology company's stock valued at $822,000 after acquiring an additional 3,791 shares during the period. 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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