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 business’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $162.40, for a total value of $1,244,796.00. Following the transaction, the director directly owned 53,655 shares of the company’s stock, valued at approximately $8,713,572. This represents a 12.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Tuesday, December 23rd, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $161.30, for a total transaction of $1,236,364.50.
• On Wednesday, December 17th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $163.16, for a total transaction of $1,250,621.40.
• 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 transaction of $1,218,121.80.
• On Friday, December 12th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $162.11, for a total transaction 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 transaction 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 shares were sold at an average price of $160.48, for a total value 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 value of $1,188,688.20.
• On Friday, November 28th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $150.12, for a total value of $1,150,669.80.
• On Wednesday, November 26th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $148.29, for a total value of $1,136,642.85.

Atlassian Price Performance

TEAM stock opened at $160.53 on Thursday. The business has a 50 day moving average price of $157.79 and a 200 day moving average price of $172.80. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.72. The stock has a market cap of $42.24 billion, a price-to-earnings ratio of -226.09, a PEG ratio of 25.15 and a beta of 0.89. Atlassian Corporation PLC has a fifty-two week low of $139.70 and a fifty-two week high of $326.00.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings results on Thursday, October 30th. The technology company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.83 by $0.21. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.11%. The firm’s revenue was up 20.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.77 earnings per share. Equities research analysts anticipate that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Atlassian News Summary

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Wall Street analysts’ consensus price targets imply roughly ~44–45% upside vs. the current share price, supporting a constructive medium‑term case if Atlassian sustains revenue and margin improvement. Wall Street Analysts See a 44.75% Upside in Atlassian (TEAM)
• Positive Sentiment: MarketBeat highlights that Atlassian’s recent earnings beat and revenue growth leave upside still in play, which can support investor optimism if the company continues execution. Atlassian: Upside Still in Play After Impressive Earnings Spike
• Neutral Sentiment: Zacks included Atlassian on a list of “top‑ranked stocks with rising P/E,” suggesting a possible re‑rating if earnings expectations firm, but this is informational and not an immediate catalyst. Bet on These 5 Top-Ranked Stocks With Rising P/E
• Neutral Sentiment: Reported short interest data shows zero shares and a 0.0 days‑to‑cover figure — likely a reporting anomaly or immaterial in the near term; not a clear directional signal.
• Negative Sentiment: Repeated insider selling: CEO Michael Cannon‑Brookes and co‑founder/director Scott Farquhar have each sold multiple blocks of 7,665 shares across December (Dec. 3–23), which increases near‑term supply and can weigh on sentiment. See SEC filing for Dec. 19 sales. CEO Michael Cannon-Brookes SEC filing (Dec 19)
• Negative Sentiment: More insider sales disclosed on Dec. 23 further trimmed each executive’s stake (noted decreases of ~12.5–16.7% in specific filings), a pattern that often triggers short‑term selling pressure even if trades are for personal/liquidity reasons. MarketBeat coverage of director sale. Director Scott Farquhar SEC filing (Dec 19) Scott Farquhar Sells 7,665 Shares (MarketBeat)

Wall Street Analysts Forecast Growth

TEAM has been the subject of several research analyst reports. Wells Fargo & Company started coverage on shares of Atlassian in a research note on Tuesday, September 30th. They issued an “overweight” rating and a $216.00 price objective for the company. Wall Street Zen upgraded Atlassian from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Macquarie cut their price target on Atlassian from $250.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd. The Goldman Sachs Group reissued a “buy” rating and issued a $260.00 price objective on shares of Atlassian in a report on Friday, October 31st. Finally, Cowen restated a “hold” rating on shares of Atlassian in a research report on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $239.23.

Institutional Investors Weigh In On Atlassian

Large investors have recently modified their holdings of the stock. Raymond James Financial Inc. increased its stake in Atlassian by 113.5% in the 1st quarter. Raymond James Financial Inc. now owns 82,703 shares of the technology company’s stock valued at $17,550,000 after buying an additional 43,960 shares during the period. Martingale Asset Management L P acquired a new position in shares of Atlassian during the first quarter worth about $427,000. Compound Planning Inc. raised its holdings in Atlassian by 29.7% during the first quarter. Compound Planning Inc. now owns 2,344 shares of the technology company’s stock worth $497,000 after purchasing an additional 537 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Atlassian by 11.5% in the first quarter. Smartleaf Asset Management LLC now owns 716 shares of the technology company’s stock valued at $156,000 after purchasing an additional 74 shares during the period. Finally, Quantitative Investment Management LLC boosted its holdings in Atlassian by 17.2% in the 1st quarter. Quantitative Investment Management LLC now owns 5,075 shares of the technology company’s stock valued at $1,076,000 after purchasing an additional 745 shares in the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

About Atlassian

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.