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

Key Points

• Atlassian Director Scott Farquhar sold 7,665 shares at an average price of $169.73, totaling approximately $1.3 million, reducing his stake by 3.70%.
• Despite recent insider selling, Atlassian reported a 22.3% year-over-year revenue increase with earnings per share (EPS) of $0.98, beating estimates.
• Atlassian's stock is currently trading around $168.67, showing volatility as it has ranged from a 12-month low of $154.07 to a high of $326.00.

Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $169.73, for a total value of $1,300,980.45. Following the sale, the director directly owned 199,290 shares in the company, valued at $33,825,491.70. The trade was a 3.70% 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 Wednesday, August 27th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $171.13, for a total value of $1,311,711.45.
• On Monday, August 25th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $169.40, for a total value of $1,298,451.00.
• On Wednesday, August 20th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $166.30, for a total value of $1,274,689.50.
• On Thursday, August 14th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $163.26, for a total value of $1,251,387.90.
• On Monday, August 11th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $163.51, for a total value of $1,253,304.15.
• On Friday, August 8th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $171.03, for a total value of $1,310,944.95.
• On Wednesday, August 6th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $185.81, for a total value of $1,424,233.65.
• On Monday, August 4th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $185.43, for a total value of $1,421,320.95.
• On Friday, August 1st, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $184.43, for a total value of $1,413,655.95.
• On Wednesday, July 30th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $197.88, for a total value of $1,516,750.20.

Atlassian Price Performance

Shares of TEAM traded up $2.34 during midday trading on Friday, reaching $179.12. The stock had a trading volume of 1,245,147 shares, compared to its average volume of 2,377,396. Atlassian Corporation PLC has a 52 week low of $154.07 and a 52 week high of $326.00. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.22 and a quick ratio of 1.22. The firm's 50 day moving average price is $188.49 and its 200-day moving average price is $214.00. The company has a market capitalization of $46.99 billion, a P/E ratio of -181.28 and a beta of 0.96.

Atlassian (NASDAQ:TEAM - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $0.98 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 company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the business earned $0.66 EPS. The company'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. On average, analysts forecast that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on TEAM shares. KeyCorp decreased 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. UBS Group restated a "hold" rating on shares of Atlassian in a report on Monday, July 7th. Wells Fargo & Company decreased their target price on Atlassian from $330.00 to $315.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Truist Financial set a $230.00 target price on Atlassian in a report on Friday, August 8th. Finally, Zacks Research upgraded Atlassian from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, Atlassian has an average rating of "Moderate Buy" and an average target price of $256.90.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TEAM. Clean Yield Group boosted its stake in shares of Atlassian by 372.0% during the 1st quarter. Clean Yield Group now owns 118 shares of the technology company's stock worth $25,000 after acquiring an additional 93 shares in the last quarter. Capco Asset Management LLC bought a new stake in shares of Atlassian during the 2nd quarter worth about $25,000. Colonial Trust Co SC boosted its stake in shares of Atlassian by 100.0% during the 4th quarter. Colonial Trust Co SC now owns 138 shares of the technology company's stock worth $34,000 after acquiring an additional 69 shares in the last quarter. Smithfield Trust Co boosted its stake in shares of Atlassian by 90.7% during the 1st 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. Finally, GeoWealth Management LLC boosted its stake in shares of Atlassian by 26.8% during the 4th quarter. GeoWealth Management LLC now owns 180 shares of the technology company's stock worth $44,000 after acquiring an additional 38 shares in the last quarter. Hedge funds and other institutional investors 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.