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 stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $161.30, for a total value of $1,236,364.50. Following the transaction, the director owned 38,325 shares in the company, valued at approximately $6,181,822.50. This trade represents a 16.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, December 19th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $162.40, for a total transaction of $1,244,796.00.
• 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 stock was 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 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 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

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

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping 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 business’s quarterly revenue was up 20.6% on a year-over-year basis. During the same period last year, the business posted $0.77 EPS. Analysts anticipate that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Key Atlassian News

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)

Institutional Trading of Atlassian

Several hedge funds have recently modified their holdings of TEAM. Capco Asset Management LLC acquired a new position in shares of Atlassian in the 2nd quarter worth approximately $25,000. Physician Wealth Advisors Inc. raised its position in Atlassian by 60.4% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock valued at $26,000 after purchasing an additional 61 shares during the last quarter. Atlantic Union Bankshares Corp boosted its stake in Atlassian by 19,900.0% in the third quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company’s stock worth $32,000 after purchasing an additional 199 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Atlassian by 447.2% during the first quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock worth $42,000 after purchasing an additional 161 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Atlassian in the third quarter valued at $57,000. Institutional investors and hedge funds own 94.45% of the company’s stock.

Wall Street Analysts Forecast Growth

TEAM has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Atlassian in a research report on Wednesday, October 8th. Robert W. Baird set a $230.00 target price on Atlassian in a research note on Friday, October 31st. Macquarie decreased their price target on shares of Atlassian from $250.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. Guggenheim began coverage on shares of Atlassian in a research note on Thursday, September 11th. They issued a “buy” rating and a $225.00 price objective for the company. Finally, BMO Capital Markets lifted their target price on shares of Atlassian from $190.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $239.23.

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.