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 business’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $155.58, for a total transaction of $1,192,520.70. Following the transaction, the director owned 275,940 shares of the company’s stock, valued at $42,930,745.20. This represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• 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 value 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 value of $1,324,435.35.
• On Friday, October 31st, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was 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 shares were sold at an average price of $160.41, for a total value of $1,229,542.65.
• On Monday, October 27th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $165.03, for a total value of $1,264,954.95.
• On Friday, October 24th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $164.50, for a total value of $1,260,892.50.
• On Wednesday, October 22nd, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $169.16, for a total transaction of $1,296,611.40.
• On Friday, October 17th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $151.21, for a total transaction of $1,159,024.65.
• On Monday, October 20th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $157.28, for a total transaction of $1,205,551.20.
• On Wednesday, October 15th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $151.83, for a total transaction of $1,163,776.95.

Atlassian Stock Performance

TEAM traded up $1.30 on Monday, reaching $159.13. The stock had a trading volume of 2,392,267 shares, compared to its average volume of 2,500,841. The business’s 50-day moving average price is $163.23 and its two-hundred day moving average price is $186.41. The company has a market cap of $41.87 billion, a P/E ratio of -224.12, a price-to-earnings-growth ratio of 37.43 and a beta of 0.95. Atlassian Corporation PLC has a 12-month low of $144.32 and a 12-month high of $326.00. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.72.

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

Analysts Set New Price Targets

A number of analysts have recently commented on TEAM shares. Truist Financial set a $210.00 price objective on Atlassian in a research report on Friday, October 31st. Robert W. Baird set a $230.00 price target on shares of Atlassian in a research note on Friday, October 31st. Capital One Financial lowered shares of Atlassian from an “overweight” rating to an “equal weight” rating and set a $211.00 price target for the company. in a report on Wednesday, July 16th. Raymond James Financial reduced their price objective on shares of Atlassian from $300.00 to $250.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Finally, BMO Capital Markets lifted their target price on shares of Atlassian from $190.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $239.44.

Institutional Investors Weigh In On Atlassian

Several institutional investors and hedge funds have recently added to or reduced their stakes in TEAM. Principal Financial Group Inc. lifted its stake in shares of Atlassian by 350.1% in the first quarter. Principal Financial Group Inc. now owns 51,900 shares of the technology company’s stock worth $11,014,000 after buying an additional 40,369 shares in the last quarter. Alps Advisors Inc. grew its stake in Atlassian by 18.5% during the 1st quarter. Alps Advisors Inc. now owns 8,320 shares of the technology company’s stock valued at $1,766,000 after acquiring an additional 1,298 shares in the last quarter. Cerity Partners LLC raised its holdings in Atlassian by 73.4% in the 1st quarter. Cerity Partners LLC now owns 36,664 shares of the technology company’s stock valued at $7,780,000 after acquiring an additional 15,516 shares during the last quarter. Xponance Inc. lifted its stake in Atlassian by 3.1% in the 1st quarter. Xponance Inc. now owns 30,929 shares of the technology company’s stock worth $6,563,000 after purchasing an additional 943 shares in the last quarter. Finally, Ballentine Partners LLC purchased a new position in Atlassian in the 1st quarter worth approximately $212,000. Institutional investors and hedge funds own 94.45% of the company’s stock.

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.