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 firm’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $147.15, for a total value of $1,127,904.75. Following the completion of the transaction, the director owned 413,910 shares of the company’s stock, valued at approximately $60,906,856.50. This represents a 1.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 transaction 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 transaction 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 transaction of $1,181,943.00.
• On Friday, January 2nd, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $156.15, for a total transaction 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 transaction of $1,246,942.20.
• On Monday, December 29th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $163.66, for a total transaction of $1,254,453.90.
• On Friday, December 26th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $162.53, for a total value of $1,245,792.45.
• On Friday, December 19th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $162.40, for a total value of $1,244,796.00.
• On Tuesday, December 23rd, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $161.30, for a total value of $1,236,364.50.
• On Wednesday, December 17th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $163.16, for a total value of $1,250,621.40.

Atlassian Price Performance

Shares of TEAM traded down $8.55 during trading hours on Tuesday, reaching $137.89. 5,123,112 shares of the company traded hands, compared to its average volume of 3,481,469. The stock has a market capitalization of $36.28 billion, a PE ratio of -194.21, a price-to-earnings-growth ratio of 22.67 and a beta of 0.88. The stock has a fifty day simple moving average of $156.31 and a 200 day simple moving average of $168.73. Atlassian Corporation PLC has a fifty-two week low of $137.66 and a fifty-two week high of $326.00. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.72.

Atlassian (NASDAQ:TEAM) last announced its 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. 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 the consensus estimate of $1.40 billion. During the same quarter in the previous year, the company posted $0.77 EPS. The firm’s revenue for the quarter was up 20.6% on a year-over-year basis. As a group, research analysts predict that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Atlassian

Institutional investors have recently bought and sold shares of the business. Stableford Capital II LLC increased its position in shares of Atlassian by 4.2% in the fourth quarter. Stableford Capital II LLC now owns 4,391 shares of the technology company’s stock worth $712,000 after acquiring an additional 177 shares in the last quarter. BDF Gestion acquired a new stake in Atlassian in the 4th quarter valued at $1,792,000. Assenagon Asset Management S.A. increased its holdings in Atlassian by 100.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 882,879 shares of the technology company’s stock valued at $143,150,000 after purchasing an additional 441,751 shares in the last quarter. Diversified Trust Co. raised its position in Atlassian by 244.8% in the fourth quarter. Diversified Trust Co. now owns 24,506 shares of the technology company’s stock valued at $3,973,000 after purchasing an additional 17,398 shares during the period. Finally, True Wealth Design LLC lifted its stake in shares of Atlassian by 230.4% during the fourth quarter. True Wealth Design LLC now owns 1,695 shares of the technology company’s stock worth $275,000 after purchasing an additional 1,182 shares in the last quarter. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

Atlassian News Roundup

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: BTIG reaffirmed a “buy” on TEAM with a $220 price target (big upside vs. current levels), giving near-term fundamental support from a well-known sell‑side shop. Article Title
• Positive Sentiment: Analyst coverage remains skewed toward buys: MarketBeat/consensus data show a “Moderate Buy” consensus and a material upside to the average target (~$238), which can support a rebound if sentiment improves.
• Positive Sentiment: Keeper Security announced implementation of KeeperPAM to strengthen the Atlassian Williams F1 Team’s cyber defenses — a product win that highlights enterprise/security demand for privileged-access management. Article Title
• Neutral Sentiment: Atlassian/Williams F1 announced a driver appointment (Victor Martins) — positive PR for the team sponsorship but unlikely to materially move enterprise revenue. Article Title
• Neutral Sentiment: Short‑interest data released for January appears to show zero shares shorted (likely a reporting/data anomaly), so there’s no clear short-squeeze narrative for the move. (Monitor updated filings for clarity.)
• Negative Sentiment: Insider selling from co‑founders/executives: CEO Michael Cannon‑Brookes (and director Scott Farquhar in parallel filings) has been selling recurring blocks of shares in January — recent sales totaled multiple 7,665‑share transactions. Repeated founder sales can pressure sentiment and are a primary negative driver today. SEC Filing

Wall Street Analyst Weigh In

Several research firms recently weighed in on TEAM. Cantor Fitzgerald reiterated an “overweight” rating and set a $240.00 target price on shares of Atlassian in a research report on Friday, October 31st. Bank of America began coverage on shares of Atlassian in a research note on Tuesday, September 23rd. They set a “neutral” rating and a $200.00 price objective for the company. Robert W. Baird set a $230.00 target price on shares of Atlassian in a research report on Friday, October 31st. KeyCorp lowered their target price on shares of Atlassian from $250.00 to $210.00 and set an “overweight” rating for the company in a report on Thursday, October 23rd. Finally, Wells Fargo & Company began coverage on shares of Atlassian in a research note on Tuesday, September 30th. They set an “overweight” rating and a $216.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $238.46.

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.