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

Key Points

• Scott Farquhar, Director of Atlassian, sold 7,665 shares at an average price of $171.59 for a total value of $1,315,237.35, decreasing his ownership by 5.88%.
• Atlassian's stock traded up 5.6%, reaching $182.36, with a market cap of $47.84 billion and a price-to-earnings ratio of -184.20.
• The company reported $0.98 earnings per share for the last quarter, exceeding analysts' estimates, and its revenue increased by 22.3% year-over-year.

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 Monday, September 8th. The stock was sold at an average price of $171.59, for a total transaction of $1,315,237.35. Following the transaction, the director directly owned 114,975 shares of the company's stock, valued at $19,728,560.25. This represents a 6.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• 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 transaction of $1,347,200.40.
• 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 shares were 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 shares were sold at an average price of $169.73, for a total value of $1,300,980.45.
• 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 stock was 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 shares were sold at an average price of $163.51, for a total value of $1,253,304.15.

Atlassian Stock Down 1.0%

Atlassian stock traded down $1.84 during trading on Friday, hitting $174.87. 1,384,713 shares of the company were exchanged, compared to its average volume of 2,386,424. The company has a market capitalization of $45.87 billion, a P/E ratio of -176.63 and a beta of 0.95. 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 business's 50 day moving average is $183.14 and its 200 day moving average is $204.92. Atlassian Corporation PLC has a 52 week low of $154.07 and a 52 week high of $326.00.

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. BMO Capital Markets dropped their price objective on Atlassian from $225.00 to $200.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. Zacks Research raised Atlassian from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 20th. Barclays lowered their price target on Atlassian from $244.00 to $215.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. UBS Group reaffirmed a "hold" rating on shares of Atlassian in a report on Monday, July 7th. Finally, Guggenheim assumed coverage on Atlassian in a report on Thursday. They issued a "buy" rating and a $225.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Atlassian currently has an average rating of "Moderate Buy" and a consensus price target of $255.45.

Hedge Funds Weigh In On Atlassian

Institutional investors and hedge funds have recently bought and sold shares of the stock. Clean Yield Group grew its position in 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 during the last quarter. Capco Asset Management LLC bought a new position in Atlassian during the 2nd quarter worth approximately $25,000. Smithfield Trust Co grew its position in 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 during the last quarter. Geneos Wealth Management Inc. grew its position in Atlassian by 447.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company's stock worth $42,000 after acquiring an additional 161 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of Atlassian by 82.7% in the 1st 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 last quarter. 94.45% of the stock is currently owned by institutional investors.

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.