Atlassian (NASDAQ:TEAM) Director Sells $1,205,551.20 in Stock

Key Points

• Atlassian Director Scott Farquhar sold 7,665 shares of the company's stock for a total of $1,205,551.20, indicating a 1.96% decrease in his ownership.
• The company currently has a market cap of $41.66 billion and reported a 22.3% revenue increase from the same quarter last year, with a quarterly revenue of $1.38 billion.
• Atlassian has a consensus rating of "Moderate Buy" among analysts, with a consensus price target of $248.74.

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 20th. The shares were sold at an average price of $157.28, for a total value of $1,205,551.20. Following the sale, the director directly owned 383,250 shares of the company's stock, valued at $60,277,560. The trade was a 1.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Friday, October 17th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $151.21, for a total value of $1,159,024.65.
• 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 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 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 stock was 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 Price Performance

Atlassian stock traded up $6.84 during midday trading on Monday, hitting $158.79. 2,518,920 shares of the company's stock were exchanged, compared to its average volume of 2,428,831. Atlassian Corporation PLC has a 52-week low of $144.32 and a 52-week high of $326.00. The stock has a 50-day moving average price of $164.27 and a two-hundred day moving average price of $189.94. 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 company has a market cap of $41.66 billion, a P/E ratio of -160.39 and a beta of 0.92.

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 (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the company posted $0.66 earnings per share. The company's 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. On average, equities research analysts forecast that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Institutional Investors Weigh In On Atlassian

A number of institutional investors have recently bought and sold shares of TEAM. Capco Asset Management LLC purchased a new stake in Atlassian in the 2nd quarter worth $25,000. Smithfield Trust Co grew its position in Atlassian by 90.7% in the first quarter. Smithfield Trust Co now owns 164 shares of the technology company's stock worth $34,000 after acquiring an additional 78 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Atlassian by 447.2% during the first quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company's stock valued at $42,000 after buying an additional 161 shares during the period. First Horizon Advisors Inc. boosted its position in shares of Atlassian by 25.9% during the first quarter. First Horizon Advisors Inc. now owns 267 shares of the technology company's stock valued at $57,000 after buying an additional 55 shares during the period. Finally, State of Wyoming boosted its position in shares of Atlassian by 20.3% during the first quarter. State of Wyoming now owns 278 shares of the technology company's stock valued at $59,000 after buying an additional 47 shares during the period. Hedge funds and other institutional investors own 94.45% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TEAM. Cantor Fitzgerald lowered their target price on Atlassian from $256.00 to $240.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. KeyCorp reduced their target price on Atlassian from $275.00 to $250.00 and set an "overweight" rating on the stock in a report on Thursday, July 17th. Guggenheim assumed coverage on Atlassian in a research note on Thursday, September 11th. They issued a "buy" rating and a $225.00 price target on the stock. Wells Fargo & Company assumed coverage on Atlassian in a research report on Tuesday, September 30th. They issued an "overweight" rating and a $216.00 price objective on the stock. Finally, Truist Financial set a $230.00 price objective on Atlassian in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Atlassian has a consensus rating of "Moderate Buy" and a consensus price target of $248.74.

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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