Atlassian (NASDAQ:TEAM) Director Sells $1,338,155.70 in Stock

Key Points

• Atlassian Director Scott Farquhar sold 7,665 shares of stock at an average price of $174.58 on September 15th, totaling approximately $1.34 million, reducing his ownership by 8.33%.
• The company's stock price decreased to $172.04 during trading on Tuesday, with a reported 12-month high of $326.00 and a low of $154.07.
• Atlassian recently exceeded earnings expectations with $0.98 per share for the last quarter, surpassing the consensus estimate of $0.83.

Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction on Monday, September 15th. The stock was sold at an average price of $174.58, for a total value of $1,338,155.70. Following the completion of the sale, the director directly owned 76,650 shares of the company's stock, valued at approximately $13,381,557. The trade was a 9.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Wednesday, September 17th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was 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 Wednesday, September 10th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $175.76, for a total value of $1,347,200.40.
• On Monday, September 8th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $171.59, for a total value of $1,315,237.35.
• On Friday, September 5th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $171.90, for a total value of $1,317,613.50.
• On Wednesday, September 3rd, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $171.14, for a total value of $1,311,788.10.
• On Friday, August 29th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $177.83, for a total value of $1,363,066.95.
• 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 stock was sold at an average price of $169.40, for a total value of $1,298,451.00.
• On Friday, August 22nd, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $169.73, for a total value of $1,300,980.45.

Atlassian Price Performance

Shares of NASDAQ:TEAM traded down $0.58 during mid-day trading on Friday, reaching $169.05. The stock had a trading volume of 2,754,523 shares, compared to its average volume of 2,134,461. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.73. The company has a market cap of $44.35 billion, a P/E ratio of -170.76 and a beta of 0.95. Atlassian Corporation PLC has a 1 year low of $155.37 and a 1 year high of $326.00. The business's 50 day moving average price is $178.63 and its 200 day moving average price is $199.89.

Atlassian (NASDAQ:TEAM - Get Free Report) last posted its earnings results 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 period in the previous year, the business earned $0.66 earnings per share. The firm's revenue for the quarter was up 22.3% on a year-over-year basis. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Research analysts expect that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. BMO Capital Markets reduced their price objective on Atlassian from $225.00 to $200.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Wall Street Zen raised Atlassian from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Zacks Research raised Atlassian from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 20th. Citigroup reduced their price objective on Atlassian from $300.00 to $240.00 and set a "buy" rating on the stock in a research note on Monday, August 18th. Finally, Mizuho cut their target price on Atlassian from $265.00 to $235.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $255.45.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Clean Yield Group grew its stake in Atlassian by 372.0% in the first quarter. Clean Yield Group now owns 118 shares of the technology company's stock worth $25,000 after purchasing an additional 93 shares in the last quarter. Capco Asset Management LLC purchased a new stake in Atlassian during the second quarter worth $25,000. Smithfield Trust Co lifted its holdings in Atlassian by 90.7% during the first quarter. Smithfield Trust Co now owns 164 shares of the technology company's stock worth $34,000 after buying an additional 78 shares during the period. Geneos Wealth Management Inc. lifted its holdings in Atlassian by 447.2% during the first quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company's stock worth $42,000 after buying an additional 161 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in Atlassian by 82.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 243 shares of the technology company's stock worth $52,000 after buying an additional 110 shares during the period. 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.