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

Key Points

• Scott Farquhar, Director of Atlassian, sold 7,665 shares of stock at an average price of $165.09, resulting in a transaction valued at over $1.26 million, decreasing his ownership by 20%.
• Atlassian reported a 22.3% year-over-year increase in revenue for the last quarter, with earnings of $0.98 per share, surpassing consensus estimates.
• Analysts have adjusted their target prices for Atlassian, with several brokerages downgrading their ratings and setting new targets ranging from $211.00 to $265.00 amid changing market conditions.

Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) Director Scott Farquhar sold 7,665 shares of the business's stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $165.09, for a total transaction of $1,265,414.85. Following the completion of the sale, the director directly owned 30,660 shares of the company's stock, valued at approximately $5,061,659.40. The trade was a 20.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• 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 transaction 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 transaction 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 transaction 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 transaction of $1,342,678.05.
• On Monday, September 15th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $174.58, for a total transaction of $1,338,155.70.
• 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 transaction of $1,347,200.40.
• On Monday, September 8th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was 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 stock was 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.
• 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 transaction of $1,363,066.95.

Atlassian Price Performance

TEAM traded down $1.41 during trading on Thursday, hitting $162.42. 1,833,394 shares of the stock traded hands, compared to its average volume of 2,375,075. Atlassian Corporation PLC has a twelve month low of $155.37 and a twelve month high of $326.00. The company has a market cap of $42.61 billion, a price-to-earnings ratio of -164.06 and a beta of 0.95. 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 business has a 50 day moving average price of $177.24 and a 200 day moving average price of $198.58.

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

Analyst Ratings Changes

Several brokerages have commented on TEAM. Capital One Financial downgraded Atlassian from an "overweight" rating to an "equal weight" rating and set a $211.00 target price for the company. in a research note on Wednesday, July 16th. Citigroup lowered their target price on Atlassian from $300.00 to $240.00 and set a "buy" rating for the company in a research note on Monday, August 18th. Barclays lowered their target price on Atlassian from $244.00 to $215.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. Mizuho lowered their target price on Atlassian from $265.00 to $235.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. Finally, Raymond James Financial lowered their target price on Atlassian from $300.00 to $250.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $253.04.

Institutional Trading of Atlassian

Several hedge funds and other institutional investors have recently made changes to their positions in TEAM. Toronto Dominion Bank increased its position in Atlassian by 14.6% during the 4th quarter. Toronto Dominion Bank now owns 26,405 shares of the technology company's stock valued at $6,426,000 after purchasing an additional 3,371 shares during the period. Pinnacle Wealth Planning Services Inc. acquired a new stake in Atlassian during the 4th quarter valued at approximately $238,000. Jefferies Financial Group Inc. acquired a new stake in Atlassian during the 4th quarter valued at approximately $1,702,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Atlassian during the 4th quarter valued at approximately $25,279,000. Finally, Siemens Fonds Invest GmbH increased its position in Atlassian by 16.8% during the 4th quarter. Siemens Fonds Invest GmbH now owns 2,011 shares of the technology company's stock valued at $489,000 after purchasing an additional 289 shares during the period. 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.

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