Insider Selling: Atlassian (NASDAQ:TEAM) Director Sells 7,665 Shares of Stock

Key Points

• Atlassian Director Scott Farquhar sold 7,665 shares of the company's stock on September 26th for approximately $1.27 million, reducing his holdings by 33.33%.
• The stock has seen a slight decline, trading down 0.8% to $165.31, compared to its 52-week high of $326.00.
• Atlassian reported a 22.3% revenue increase year-over-year, exceeding earnings expectations with an EPS of $0.98 for the latest quarter ending August 7th.

Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) Director Scott Farquhar sold 7,665 shares of the stock in a transaction on Friday, September 26th. The shares were sold at an average price of $165.26, for a total value of $1,266,717.90. Following the completion of the transaction, the director directly owned 15,330 shares in the company, valued at approximately $2,533,435.80. This trade represents a 33.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, September 24th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were 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 value of $1,304,583.00.
• On Friday, September 19th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $169.32, for a total value 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 shares were 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 transaction of $1,311,788.10.

Atlassian Trading Down 0.8%

Shares of TEAM traded down $1.34 during trading hours on Monday, reaching $165.31. The stock had a trading volume of 2,298,747 shares, compared to its average volume of 2,373,383. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.73. Atlassian Corporation PLC has a 52 week low of $155.37 and a 52 week high of $326.00. The firm has a 50-day moving average of $176.11 and a 200 day moving average of $197.55. The company has a market cap of $43.37 billion, a P/E ratio of -166.98 and a beta of 0.95.

Atlassian (NASDAQ:TEAM - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The technology company reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.15. Atlassian had a negative net margin of 4.92% and a negative return on equity of 14.77%. The business had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.36 billion. During the same quarter in the prior year, the company earned $0.66 EPS. The firm's quarterly revenue was up 22.3% on a year-over-year basis. 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 fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on TEAM. Guggenheim began coverage on shares of Atlassian in a research report on Thursday, September 11th. They issued a "buy" rating and a $225.00 price objective for the company. Truist Financial set a $230.00 price objective on shares of Atlassian in a research report on Friday, August 8th. UBS Group reiterated a "hold" rating on shares of Atlassian in a report on Monday, July 7th. Mizuho lowered their target price on Atlassian from $265.00 to $235.00 and set an "outperform" rating for the company 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 equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $253.04.

Hedge Funds Weigh In On Atlassian

Several hedge funds have recently modified their holdings of the stock. Corient Private Wealth LLC grew its holdings in shares of Atlassian by 1.0% in the 2nd quarter. Corient Private Wealth LLC now owns 11,899 shares of the technology company's stock valued at $2,417,000 after acquiring an additional 116 shares in the last quarter. Osaic Holdings Inc. grew its holdings in shares of Atlassian by 12.8% in the 2nd quarter. Osaic Holdings Inc. now owns 8,082 shares of the technology company's stock valued at $1,641,000 after acquiring an additional 916 shares in the last quarter. Orion Porfolio Solutions LLC grew its holdings in shares of Atlassian by 27.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 4,460 shares of the technology company's stock valued at $906,000 after acquiring an additional 953 shares in the last quarter. Stance Capital LLC bought a new position in shares of Atlassian in the 2nd quarter valued at about $1,329,000. Finally, Marex Group plc bought a new position in shares of Atlassian in the 2nd quarter valued at about $309,000. 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.

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