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 Wednesday, December 17th. The stock was sold at an average price of $163.16, for a total value of $1,250,621.40. Following the sale, the director owned 61,320 shares of the company’s stock, valued at approximately $10,004,971.20. This trade represents a 11.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, December 15th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $158.92, for a total value of $1,218,121.80.
• On Friday, December 12th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $162.11, for a total value of $1,242,573.15.
• On Wednesday, December 10th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $161.79, for a total value of $1,240,120.35.
• On Monday, December 8th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $160.70, for a total value of $1,231,765.50.
• On Friday, December 5th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $160.48, for a total transaction of $1,230,079.20.
• On Wednesday, December 3rd, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $155.08, for a total transaction of $1,188,688.20.
• On Friday, November 28th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $150.12, for a total transaction of $1,150,669.80.
• On Wednesday, November 26th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $148.29, for a total transaction of $1,136,642.85.
• On Monday, November 24th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $146.62, for a total transaction of $1,123,842.30.
• On Friday, November 21st, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $144.02, for a total transaction of $1,103,913.30.

Atlassian Trading Down 2.4%

Shares of NASDAQ:TEAM opened at $161.07 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.26 and a current ratio of 1.26. The stock’s 50-day moving average is $157.15 and its 200-day moving average is $174.15. The company has a market cap of $42.38 billion, a P/E ratio of -226.86, a P/E/G ratio of 25.55 and a beta of 0.89. Atlassian Corporation PLC has a 52-week low of $139.70 and a 52-week high of $326.00.

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. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. Atlassian had a negative return on equity of 7.11% and a negative net margin of 3.38%.The firm’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.77 EPS. Equities research analysts predict that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Institutional Investors Weigh In On Atlassian

Several large investors have recently modified their holdings of the stock. DNB Asset Management AS lifted its position 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 buying an additional 2,041,210 shares during the period. Norges Bank acquired a new position in Atlassian during the second quarter worth $377,794,000. Artisan Partners Limited Partnership lifted its holdings in shares of 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 acquiring an additional 1,545,546 shares during the period. Vanguard Group Inc. boosted its stake in shares of Atlassian by 6.0% in the 3rd quarter. Vanguard Group Inc. now owns 18,479,561 shares of the technology company’s stock valued at $2,951,186,000 after purchasing an additional 1,049,483 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Atlassian by 145.6% during the 1st quarter. AQR Capital Management LLC now owns 1,715,287 shares of the technology company’s stock worth $354,858,000 after purchasing an additional 1,016,902 shares in the last quarter. 94.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Zacks Research upgraded shares of Atlassian from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. KeyCorp cut their price objective on shares of Atlassian from $250.00 to $210.00 and set an “overweight” rating for the company in a research report on Thursday, October 23rd. The Goldman Sachs Group reiterated a “buy” rating and issued a $260.00 target price on shares of Atlassian in a research note on Friday, October 31st. Sanford C. Bernstein boosted their price target on Atlassian from $290.00 to $304.00 and gave the company an “outperform” rating in a research note on Tuesday, November 18th. Finally, Wells Fargo & Company assumed coverage on Atlassian in a report on Tuesday, September 30th. They issued an “overweight” rating and a $216.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Atlassian has a consensus rating of “Moderate Buy” and a consensus target price of $239.23.

Atlassian News Summary

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: BTIG initiated coverage with a Buy and $220 price target (implying ~36% upside), which can attract buyers and support the stock. BTIG buy initiation
• Positive Sentiment: A Yahoo Finance piece argues Atlassian may be undervalued by ~33%, citing upside potential relative to fundamentals — a narrative that can draw value-oriented investors. Are Investors Undervaluing Atlassian
• Positive Sentiment: Zacks coverage highlights strong cloud demand and lists TEAM among names benefiting from cloud tailwinds alongside AMZN and NET — a favorable sector story that supports longer-term revenue growth expectations. The Zacks Analyst Blog
• Neutral Sentiment: Zacks also included TEAM in a “3 cloud computing stocks” roundup, reinforcing analyst attention but offering no new company-specific catalyst — helpful background but not an immediate stock mover. 3 Cloud Computing Stocks That Investors Can Opt to Buy Before 2026
• Negative Sentiment: Repeated insider selling: Director (and co-founder) Scott Farquhar — and reporting shows similar sales attributed to CEO Michael Cannon-Brookes — sold multiple blocks (~7,665 shares per trade) across December, signaling material insider liquidation that can sap investor confidence. Insider Selling: Atlassian Director Sells 7,665 Shares
• Negative Sentiment: MarketBeat/InsiderTrades summaries detail a multi-date pattern of founder/CEO sales (disclosed SEC filings), which investors often view as a near-term negative signal even if sales are for diversification or tax reasons. SEC filing: insider sale

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.