Insider Selling: Atlassian (NASDAQ:TEAM) Director Sells $1,155,498.75 in Stock

Key Points

• Atlassian Director Scott Farquhar sold 7,665 shares of the company's stock on October 6th for approximately $1.15 million, reducing his ownership to 459,900 shares, valued around $69.33 million.
• Atlassian's shares have exhibited volatility, trading at $150.12, down from a 12-month high of $326.00, with a current market cap of $39.38 billion.
• Analysts currently maintain a consensus rating of "Moderate Buy" for Atlassian shares, with an average price target of $248.74, despite some recent price target reductions by institutions.

Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) Director Scott Farquhar sold 7,665 shares of the business's stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $150.75, for a total value of $1,155,498.75. Following the sale, the director directly owned 459,900 shares of the company's stock, valued at approximately $69,329,925. This trade represents a 1.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• 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 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 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 stock was 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 value 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 stock was sold at an average price of $169.32, for a total transaction of $1,297,837.80.
• On Wednesday, September 17th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $173.56, for a total value of $1,330,337.40.
• On Friday, September 12th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $175.17, for a total value of $1,342,678.05.
• On Monday, September 15th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $174.58, for a total transaction of $1,338,155.70.

Atlassian Price Performance

Shares of TEAM stock traded down $0.07 during midday trading on Tuesday, reaching $150.12. 2,924,098 shares of the company were exchanged, compared to its average volume of 2,413,021. The company's 50 day moving average price is $170.64 and its two-hundred day moving average price is $194.64. 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 $39.38 billion, a P/E ratio of -151.63 and a beta of 0.92. Atlassian Corporation PLC has a 12 month low of $146.16 and a 12 month high of $326.00.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TEAM shares. Stephens reduced their price target on Atlassian from $221.00 to $202.00 and set an "equal weight" rating for the company in a report on Monday, August 11th. Weiss Ratings restated a "sell (e+)" rating on shares of Atlassian in a research note on Saturday, September 27th. Capital One Financial lowered shares of Atlassian from an "overweight" rating to an "equal weight" rating and set a $211.00 price objective for the company. in a research note on Wednesday, July 16th. Mizuho cut their target price on Atlassian from $265.00 to $235.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. Finally, UBS Group reiterated a "hold" rating on shares of Atlassian in a research note on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $248.74.

Hedge Funds Weigh In On Atlassian

Several large investors have recently added to or reduced their stakes in TEAM. Norges Bank acquired a new stake in Atlassian during the second quarter worth $377,794,000. Artisan Partners Limited Partnership grew its position in Atlassian by 66.3% in the second quarter. Artisan Partners Limited Partnership now owns 3,878,133 shares of the technology company's stock valued at $787,610,000 after acquiring an additional 1,545,546 shares during the period. Nuveen LLC acquired a new stake in shares of Atlassian in the 1st quarter valued at $327,665,000. AQR Capital Management LLC increased its position in shares of 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 purchasing an additional 1,016,902 shares in the last quarter. Finally, DNB Asset Management AS boosted its position in Atlassian by 2,676.8% in the second quarter. DNB Asset Management AS now owns 765,678 shares of the technology company's stock valued at $155,502,000 after buying an additional 738,104 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company's stock.

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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