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

Key Points

• Atlassian's Director, Scott Farquhar, sold a total of 7,665 shares on September 17th for approximately $1.33 million, reducing his holdings by 10%.
• Atlassian's stock performance shows a current trading price of $169.63, down from a 52-week high of $326.00, with analysts projecting a target price of $255.45.
• The company reported a 22.3% year-over-year revenue increase with earnings per share (EPS) of $0.98, surpassing estimates by $0.15.

Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) Director Scott Farquhar sold 7,665 shares of the firm's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $173.56, for a total transaction of $1,330,337.40. Following the sale, the director owned 61,320 shares in the company, valued at approximately $10,642,699.20. The trade was a 11.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• 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 value of $1,338,155.70.
• On Wednesday, September 10th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were 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 transaction 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 transaction 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 stock was sold at an average price of $171.13, for a total transaction 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 transaction 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 Trading Down 0.3%

TEAM stock traded down $0.58 during midday trading on Friday, reaching $169.05. 2,754,523 shares of the company traded hands, compared to its average volume of 2,134,461. The firm has a market capitalization of $44.35 billion, a price-to-earnings ratio of -170.76 and a beta of 0.95. Atlassian Corporation PLC has a 52-week low of $155.37 and a 52-week high of $326.00. The business has a 50 day moving average of $178.63 and a 200-day moving average of $200.42. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.22 and a current ratio of 1.22.

Atlassian (NASDAQ:TEAM - Get Free Report) last released its earnings results on Thursday, August 7th. The technology company reported $0.98 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the company posted $0.66 EPS. The company's revenue for the quarter 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. As a group, sell-side analysts expect that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Institutional Trading of Atlassian

Several institutional investors and hedge funds have recently bought and sold shares of the business. Osaic Holdings Inc. grew its holdings in Atlassian by 12.8% during the second quarter. Osaic Holdings Inc. now owns 8,082 shares of the technology company's stock worth $1,641,000 after acquiring an additional 916 shares during the period. Orion Porfolio Solutions LLC boosted its stake in shares of Atlassian by 27.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 4,460 shares of the technology company's stock worth $906,000 after acquiring an additional 953 shares in the last quarter. Stance Capital LLC purchased a new position in shares of Atlassian in the 2nd quarter valued at about $1,329,000. Marex Group plc acquired a new position in Atlassian in the 2nd quarter worth about $309,000. Finally, State of Wyoming boosted its position in Atlassian by 59.7% during the second quarter. State of Wyoming now owns 444 shares of the technology company's stock worth $90,000 after purchasing an additional 166 shares in the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TEAM has been the subject of a number of recent analyst reports. Citigroup lowered their target price on shares of Atlassian from $300.00 to $240.00 and set a "buy" rating for the company in a research note on Monday, August 18th. Stephens decreased 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. Barclays cut their target price on Atlassian from $244.00 to $215.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. Cantor Fitzgerald lowered their target price on shares of Atlassian from $256.00 to $240.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. Finally, BMO Capital Markets lowered their price objective on Atlassian from $225.00 to $200.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Atlassian presently has a consensus rating of "Moderate Buy" and an average price target of $255.45.

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.