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

Atlassian Corporation PLC (NASDAQ:TEAM) Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $145.85, for a total value of $1,117,940.25. Following the completion of the sale, the director owned 429,240 shares of the company’s stock, valued at approximately $62,604,654. The trade was a 1.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, October 8th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $150.93, for a total value of $1,156,878.45.
• On Monday, October 6th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $150.75, for a total value of $1,155,498.75.
• On Friday, October 3rd, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $150.86, for a total value of $1,156,341.90.
• On Wednesday, October 1st, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $152.50, for a total value of $1,168,912.50.
• On Monday, September 29th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $166.36, for a total value of $1,275,149.40.
• On Friday, September 26th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $165.26, for a total value of $1,266,717.90.
• On Wednesday, September 24th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was 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 stock was 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 stock was 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 stock was sold at an average price of $173.56, for a total value of $1,330,337.40.

Atlassian Price Performance

Atlassian stock opened at $144.56 on Friday. The firm has a market capitalization of $37.92 billion, a P/E ratio of -146.02 and a beta of 0.92. Atlassian Corporation PLC has a 1 year low of $144.32 and a 1 year high of $326.00. The business has a 50-day moving average of $167.04 and a 200-day moving average of $192.79. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.73.

Atlassian (NASDAQ:TEAM) last posted its earnings results on Thursday, August 7th. The technology company reported $0.98 earnings per share (EPS) 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 analyst estimates of $1.36 billion. Atlassian had a negative return on equity of 14.77% and a negative net margin of 4.92%.The company’s revenue for the quarter was up 22.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.66 EPS. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, equities analysts anticipate that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Hedge Funds Weigh In On Atlassian

Several hedge funds have recently made changes to their positions in the business. State of Wyoming grew its stake in shares of Atlassian by 20.3% during the 1st quarter. State of Wyoming now owns 278 shares of the technology company’s stock worth $59,000 after acquiring an additional 47 shares in the last quarter. First Citizens Bank & Trust Co. grew its stake in shares of Atlassian by 4.7% during the 1st quarter. First Citizens Bank & Trust Co. now owns 1,192 shares of the technology company’s stock worth $253,000 after acquiring an additional 54 shares in the last quarter. First Horizon Advisors Inc. raised its stake in shares of Atlassian by 25.9% during the 1st quarter. First Horizon Advisors Inc. now owns 267 shares of the technology company’s stock worth $57,000 after purchasing an additional 55 shares in the last quarter. Yousif Capital Management LLC raised its stake in shares of Atlassian by 2.9% during the 1st quarter. Yousif Capital Management LLC now owns 2,063 shares of the technology company’s stock worth $438,000 after purchasing an additional 58 shares in the last quarter. Finally, Johnson Investment Counsel Inc. raised its stake in shares of Atlassian by 6.5% during the 1st quarter. Johnson Investment Counsel Inc. now owns 978 shares of the technology company’s stock worth $208,000 after purchasing an additional 60 shares in the last quarter. 94.45% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TEAM has been the subject of several research analyst reports. Oppenheimer decreased their price objective on Atlassian from $300.00 to $275.00 and set an “outperform” rating for the company in a research report on Monday, July 21st. Capital One Financial lowered Atlassian from an “overweight” rating to an “equal weight” rating and set a $211.00 price objective for the company. in a research report on Wednesday, July 16th. Mizuho decreased their price objective on Atlassian from $265.00 to $235.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Citigroup decreased their price objective on Atlassian from $300.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, August 18th. Finally, Zacks Research lowered Atlassian from a “hold” rating to a “strong sell” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Atlassian currently has an average rating of “Moderate Buy” and a consensus price target of $248.74.

Atlassian Company Profile

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.