Atlassian (NASDAQ:TEAM) Director Scott Farquhar Sells 7,665 Shares

Atlassian Corporation PLC (NASDAQ:TEAM) Director Scott Farquhar sold 7,665 shares of the stock in a transaction on Monday, December 29th. The shares were sold at an average price of $163.66, for a total transaction of $1,254,453.90. Following the sale, the director directly owned 15,330 shares of the company’s stock, valued at $2,508,907.80. The trade was a 33.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 transaction of $1,245,792.45.
• 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 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 value 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 value 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 value 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 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 transaction 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.

Atlassian Price Performance

Shares of NASDAQ TEAM opened at $163.99 on Tuesday. Atlassian Corporation PLC has a 1 year low of $139.70 and a 1 year high of $326.00. The stock has a market capitalization of $43.15 billion, a P/E ratio of -230.97, a P/E/G ratio of 25.27 and a beta of 0.89. The company’s 50-day moving average is $158.33 and its 200 day moving average is $171.62. 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 (NASDAQ:TEAM) last posted its quarterly earnings data 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 return on equity of 7.11% and a negative net margin of 3.38%.The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the previous year, the firm posted $0.77 EPS. The business’s revenue was up 20.6% on a year-over-year basis. On average, sell-side analysts expect that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Institutional Investors Weigh In On Atlassian

A number of institutional investors have recently made changes to their positions in TEAM. Capco Asset Management LLC bought a new position in Atlassian in the 2nd quarter valued at approximately $25,000. Physician Wealth Advisors Inc. raised its stake in shares of Atlassian by 60.4% in the third quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock worth $26,000 after purchasing an additional 61 shares during the last quarter. Geneos Wealth Management Inc. lifted 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 valued at $42,000 after purchasing an additional 161 shares in the last quarter. Atlantic Union Bankshares Corp boosted its position in shares of Atlassian by 19,900.0% during the third quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company’s stock valued at $32,000 after buying an additional 199 shares during the last quarter. Finally, State of Wyoming increased its holdings in 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 in the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Atlassian News Summary

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Brokerage consensus: Several brokerages compiled a consensus rating of “Moderate Buy,” which provides a supportive analyst backdrop and can help buyers justify holding or adding to positions. Article Title
• Negative Sentiment: Insider sales — Dec. 29: Co‑founders/CEOs Michael Cannon‑Brookes and Scott Farquhar each sold 7,665 shares at an average price of $163.66 (each total ≈ $1.25M), reducing their holdings by ~33.3%. These simultaneous, sizable sales from the company’s top executives look material and can be perceived as negative by the market unless explained as planned diversification or tax/liquidity needs. SEC Filing – Scott Farquhar Dec 29 SEC Filing – Michael Cannon‑Brookes Dec 29
• Negative Sentiment: Insider sales — Dec. 26: Both executives also sold 7,665 shares each at an average price of $162.53 (~$1.25M each), earlier in the week, representing a ~25% reduction in ownership at that time. Multiple sales across dates increase perceived significance versus a one‑off transaction. SEC Filing – Scott Farquhar Dec 26 SEC Filing – Michael Cannon‑Brookes Dec 26

Analyst Upgrades and Downgrades

Several equities analysts have commented on TEAM shares. Bank of America started coverage on Atlassian in a research report on Tuesday, September 23rd. They set a “neutral” rating and a $200.00 price objective for the company. Cantor Fitzgerald reissued an “overweight” rating and set a $240.00 price target on shares of Atlassian in a research report on Friday, October 31st. Macquarie dropped their price objective 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. Mizuho raised their target price on shares of Atlassian from $235.00 to $245.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Finally, Zacks Research upgraded shares of Atlassian from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.