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

Key Points

• Scott Farquhar, a director at Atlassian, sold 7,665 shares of the company's stock for approximately $1.17 million on October 1st, reducing his ownership by 1.56% to 482,895 shares.
• Atlassian's stock price showed volatility, trading at around $151.05, having reached a 52-week low of $147.40 and a high of $326.00.
• Analyst ratings for Atlassian are generally positive, with a consensus rating of "Moderate Buy" and a targeted price of $248.74, despite recent adjustments to price targets by several firms.

Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) Director Scott Farquhar sold 7,665 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $152.50, for a total transaction of $1,168,912.50. Following the completion of the transaction, the director directly owned 482,895 shares in the company, valued at $73,641,487.50. This trade represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, September 29th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $166.36, for a total transaction of $1,275,149.40.
• On Friday, September 26th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $165.26, for a total transaction of $1,266,717.90.
• 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 transaction 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 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.

Atlassian Stock Performance

Shares of TEAM stock traded up $1.48 during mid-day trading on Thursday, hitting $151.05. The stock had a trading volume of 3,482,063 shares, compared to its average volume of 2,396,862. Atlassian Corporation PLC has a fifty-two week low of $147.40 and a fifty-two week high of $326.00. The firm has a market cap of $39.62 billion, a PE ratio of -152.57 and a beta of 0.92. 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 company's 50-day simple moving average is $173.70 and its 200-day simple moving average is $196.59.

Atlassian (NASDAQ:TEAM - Get Free Report) last released its earnings results on Thursday, August 7th. The technology company reported $0.98 EPS for the quarter, topping the consensus estimate 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 company had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.36 billion. During the same quarter last year, the business earned $0.66 EPS. The business's 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. Sell-side analysts anticipate that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

TEAM has been the subject of several recent analyst reports. Mizuho reduced their target price on shares of Atlassian from $265.00 to $235.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. UBS Group reiterated a "hold" rating on shares of Atlassian in a research note on Monday, July 7th. Guggenheim assumed coverage on shares of Atlassian in a research note on Thursday, September 11th. They issued a "buy" rating and a $225.00 price objective for the company. Oppenheimer reduced their price objective on shares of Atlassian from $300.00 to $275.00 and set an "outperform" rating for the company in a research note on Monday, July 21st. Finally, Citigroup reduced their price objective 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. One research 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 company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $248.74.

Hedge Funds Weigh In On Atlassian

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Clean Yield Group raised its position in Atlassian by 372.0% during the first 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 acquired a new position in Atlassian during the second quarter worth about $25,000. Smithfield Trust Co raised its position 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 acquiring an additional 78 shares during the last quarter. Geneos Wealth Management Inc. raised its position 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 acquiring an additional 161 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its position in Atlassian by 25.9% during the first quarter. First Horizon Advisors Inc. now owns 267 shares of the technology company's stock worth $57,000 after acquiring an additional 55 shares during the last quarter. Institutional investors and hedge funds 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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