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

Atlassian Corporation PLC (NASDAQ:TEAM) Director Scott Farquhar sold 7,665 shares of the company’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $136.93, for a total transaction of $1,049,568.45. Following the sale, the director directly owned 337,260 shares of the company’s stock, valued at $46,181,011.80. The trade was a 2.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, January 22nd, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $126.11, for a total transaction of $966,633.15.
• On Tuesday, January 20th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $118.19, for a total transaction of $905,926.35.
• On Friday, January 16th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $120.82, for a total transaction of $926,085.30.
• On Wednesday, January 14th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $133.66, for a total transaction of $1,024,503.90.
• On Monday, January 12th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $147.15, for a total transaction of $1,127,904.75.
• On Friday, January 9th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $145.91, for a total value of $1,118,400.15.
• On Wednesday, January 7th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $161.11, for a total value of $1,234,908.15.
• On Monday, January 5th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $154.20, for a total value of $1,181,943.00.
• On Friday, January 2nd, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $156.15, for a total value of $1,196,889.75.
• On Wednesday, December 31st, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $162.68, for a total value of $1,246,942.20.

Atlassian Trading Up 0.7%

Shares of NASDAQ:TEAM opened at $134.76 on Thursday. The stock has a 50 day moving average of $150.02 and a 200 day moving average of $162.32. The company has a market cap of $35.46 billion, a PE ratio of -189.80, a price-to-earnings-growth ratio of 20.73 and a beta of 0.88. Atlassian Corporation PLC has a 12-month low of $115.53 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 issued its quarterly earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.21. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.11%. The company’s revenue for the quarter was up 20.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.77 earnings per share. As a group, equities research analysts expect that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Hedge Funds Weigh In On Atlassian

Several institutional investors have recently added to or reduced their stakes in the company. 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 acquiring an additional 1,049,483 shares in the last quarter. Baillie Gifford & Co. increased its position in Atlassian by 3.9% in the fourth quarter. Baillie Gifford & Co. now owns 8,431,802 shares of the technology company’s stock worth $1,367,132,000 after purchasing an additional 316,276 shares during the last quarter. Artisan Partners Limited Partnership raised its stake in Atlassian by 66.3% during the second 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. State Street Corp raised its stake in Atlassian by 1.9% during the third quarter. State Street Corp now owns 3,867,995 shares of the technology company’s stock valued at $617,719,000 after purchasing an additional 73,014 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Atlassian by 18.7% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,867,886 shares of the technology company’s stock valued at $458,001,000 after purchasing an additional 451,706 shares during the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TEAM shares. UBS Group set a $145.00 price target on Atlassian in a research note on Tuesday. BTIG Research reaffirmed a “buy” rating and issued a $220.00 price objective on shares of Atlassian in a research note on Tuesday, January 13th. Robert W. Baird decreased their target price on Atlassian from $230.00 to $170.00 and set an “outperform” rating on the stock in a research note on Monday. Cantor Fitzgerald restated an “overweight” rating and issued a $240.00 price target on shares of Atlassian in a research note on Friday, October 31st. Finally, Sanford C. Bernstein increased their price objective on shares of Atlassian from $290.00 to $304.00 and gave the company an “outperform” rating in a report on Tuesday, November 18th. Twenty-one equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $231.54.

Key Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Renewed Williams F1 partnership — Atlassian extended its long-term, fan-first sponsorship with the Williams F1 team, which supports global brand visibility and marketing momentum. Read More.
• Positive Sentiment: Sparco sponsorship added to F1 program — Sparco joined as the official racewear and technical apparel supplier for the Atlassian‑Williams F1 partnership, furthering co-marketing and brand exposure initiatives. Read More.
• Neutral Sentiment: Short-interest data is inconsistent across reports — some entries show a sizable January increase (≈7.49M shares, ~4.5% short interest, ~2.1 days to cover) while others report zero; data reliability is unclear, so short activity is not a confirmed driver based on these releases.
• Neutral Sentiment: Media coverage summarizes the mix of items pressuring shares today (insider sales, analyst action, lawsuit probe) and helps explain intraday volatility. Read More.
• Neutral Sentiment: Institutional moves: several hedge funds adjusted stakes in Q4 (some added exposure, others rebalanced). High institutional ownership (≈94%) can amplify moves but does not single-handedly predict direction.
• Negative Sentiment: Insider selling by founders/executives — CEO Michael Cannon‑Brookes and co‑founder/director Scott Farquhar each sold multiple blocks (7,665 shares at ~ $136.93 in the most recent filing), trimming their stakes by ~2.2%; repeated founder sales through January are a near‑term negative signal for sentiment. Read More.
• Negative Sentiment: Analyst action: Robert W. Baird trimmed its price target (lowering upside from $230 to $170), which reduces consensus near‑term upside and can pressure the stock. Read More.
• Negative Sentiment: Investor litigation probe: Pomerantz LLP announced an investigation into Atlassian, which raises legal risk and tends to weigh on sentiment until resolved. Read More.

Atlassian Company Profile

Atlassian Corporation Plc is a software company headquartered in Sydney, Australia, best known for developing collaboration, project management and software development tools. Founded in 2002 by Mike Cannon-Brookes and Scott Farquhar, Atlassian grew from a small engineering-focused team into a publicly traded company after its initial public offering in 2015. The company serves a global customer base that spans small teams to large enterprises across technology, financial services, government and other sectors.

Atlassian’s product portfolio centers on tools designed to help teams plan, build and support software and business processes.