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

Atlassian Corporation PLC (NASDAQ:TEAM) Director Scott Farquhar sold 7,665 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of $146.62, for a total transaction of $1,123,842.30. Following the transaction, the director owned 191,625 shares of the company’s stock, valued at $28,096,057.50. The trade was a 3.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, November 21st, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $144.02, for a total transaction of $1,103,913.30.
• On Wednesday, November 19th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $147.63, for a total transaction of $1,131,583.95.
• On Monday, November 17th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $147.41, for a total value of $1,129,897.65.
• On Thursday, November 13th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $153.77, for a total value of $1,178,647.05.
• On Monday, November 10th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $158.00, for a total value of $1,211,070.00.
• On Friday, November 7th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $155.58, for a total value of $1,192,520.70.
• On Wednesday, November 5th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $162.66, for a total transaction of $1,246,788.90.
• On Monday, November 3rd, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $172.79, for a total transaction of $1,324,435.35.
• On Friday, October 31st, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $167.61, for a total value of $1,284,730.65.
• On Wednesday, October 29th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $160.41, for a total value of $1,229,542.65.

Atlassian Stock Performance

Shares of TEAM stock traded up $2.59 during trading on Tuesday, reaching $149.04. 2,527,852 shares of the company’s stock were exchanged, compared to its average volume of 2,514,477. Atlassian Corporation PLC has a twelve month low of $139.70 and a twelve month high of $326.00. The firm’s fifty day moving average price is $157.99 and its 200-day moving average price is $181.10. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $39.21 billion, a PE ratio of -209.91, a PEG ratio of 34.69 and a beta of 0.95.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings data on Thursday, October 30th. The technology company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.21. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.11%. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the previous year, the business posted $0.77 earnings per share. The company’s revenue for the quarter was up 20.6% compared to the same quarter last year. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. As a group, sell-side analysts anticipate that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Hedge Funds Weigh In On Atlassian

Hedge funds have recently bought and sold shares of the company. DNB Asset Management AS lifted its holdings in shares of Atlassian by 266.6% during the 3rd quarter. DNB Asset Management AS now owns 2,806,888 shares of the technology company’s stock worth $448,260,000 after acquiring an additional 2,041,210 shares during the period. Norges Bank bought a new stake in Atlassian during the second quarter worth $377,794,000. Artisan Partners Limited Partnership boosted its holdings in shares of Atlassian by 66.3% in the 2nd quarter. Artisan Partners Limited Partnership now owns 3,878,133 shares of the technology company’s stock valued at $787,610,000 after purchasing an additional 1,545,546 shares in the last quarter. Nuveen LLC bought a new position in shares of Atlassian in the 1st quarter valued at $327,665,000. Finally, Vanguard Group Inc. raised its holdings in shares of Atlassian by 6.0% during the 3rd quarter. Vanguard Group Inc. now owns 18,479,561 shares of the technology company’s stock worth $2,951,186,000 after buying an additional 1,049,483 shares in the last quarter. 94.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on TEAM shares. Citigroup reiterated a “buy” rating on shares of Atlassian in a research note on Wednesday, October 22nd. Macquarie decreased their target price on Atlassian from $250.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd. UBS Group dropped their price target on Atlassian from $215.00 to $185.00 and set a “neutral” rating for the company in a report on Friday, October 24th. Truist Financial set a $210.00 target price on Atlassian in a report on Friday, October 31st. Finally, BMO Capital Markets upped their price target on shares of Atlassian from $190.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $240.00.

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.