Atlassian (NASDAQ:TEAM) Reaches New 1-Year Low After Insider Selling

Shares of Atlassian Corporation PLC (NASDAQ:TEAM) reached a new 52-week low during trading on Tuesday following insider selling activity. The company traded as low as $146.88 and last traded at $147.80, with a volume of 539132 shares changing hands. The stock had previously closed at $150.19.

Specifically, Director Scott Farquhar sold 7,665 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $150.75, for a total transaction of $1,155,498.75. Following the completion of the transaction, the director owned 459,900 shares in the company, valued at approximately $69,329,925. This trade represents a 1.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $150.75, for a total transaction of $1,155,498.75. Following the transaction, the chief executive officer owned 459,900 shares of the company’s stock, valued at approximately $69,329,925. The trade was a 1.64% decrease in their position. The disclosure for this sale can be found here. In other news, CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $150.86, for a total value of $1,156,341.90. Following the completion of the sale, the chief executive officer owned 467,565 shares in the company, valued at $70,536,855.90. The trade was a 1.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Analyst Upgrades and Downgrades

TEAM has been the subject of several research analyst reports. Raymond James Financial lowered their price objective on shares of Atlassian from $300.00 to $250.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. Mizuho lowered their price objective on shares of Atlassian from $265.00 to $235.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. Oppenheimer lowered their price objective on shares of Atlassian from $300.00 to $275.00 and set an “outperform” rating for the company in a research note on Monday, July 21st. Stephens lowered their price objective on shares of Atlassian from $221.00 to $202.00 and set an “equal weight” rating for the company in a research note on Monday, August 11th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Atlassian in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $248.74.

Atlassian Stock Down 0.0%

The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $39.38 billion, a PE ratio of -151.63 and a beta of 0.92. The stock’s fifty day simple moving average is $169.64 and its 200-day simple moving average is $194.33.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.36 billion. Atlassian had a negative net margin of 4.92% and a negative return on equity of 14.77%. The business’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 firm earned $0.66 EPS. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, sell-side analysts forecast that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Hedge Funds Weigh In On Atlassian

A number of hedge funds have recently bought and sold shares of TEAM. Capco Asset Management LLC purchased a new position in shares of Atlassian in the 2nd quarter worth about $25,000. Smithfield Trust Co boosted its holdings in shares of Atlassian by 90.7% in the 1st quarter. Smithfield Trust Co now owns 164 shares of the technology company’s stock worth $34,000 after buying an additional 78 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Atlassian by 447.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock worth $42,000 after buying an additional 161 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of Atlassian by 25.9% in the 1st quarter. First Horizon Advisors Inc. now owns 267 shares of the technology company’s stock worth $57,000 after buying an additional 55 shares during the last quarter. Finally, State of Wyoming boosted its holdings in shares of Atlassian by 20.3% in the 1st quarter. State of Wyoming now owns 278 shares of the technology company’s stock worth $59,000 after buying an additional 47 shares during the last quarter. 94.45% of the stock is owned by hedge funds and other institutional investors.

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.