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 that occurred on Wednesday, January 7th. The stock was sold at an average price of $161.11, for a total transaction of $1,234,908.15. Following the transaction, the director directly owned 429,240 shares of the company’s stock, valued at $69,154,856.40. This trade represents a 1.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Monday, January 5th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $154.20, for a total value of $1,181,943.00.
• On Friday, January 2nd, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $156.15, for a total value of $1,196,889.75.
• On Wednesday, December 31st, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $162.68, for a total transaction of $1,246,942.20.
• On Monday, December 29th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $163.66, for a total transaction of $1,254,453.90.
• On Friday, December 26th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $162.53, for a total value of $1,245,792.45.
• On Friday, December 19th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were 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 transaction of $1,236,364.50.
• On Wednesday, December 17th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were 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 transaction 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 transaction of $1,242,573.15.

Atlassian Stock Down 2.0%

Shares of Atlassian stock opened at $146.42 on Friday. Atlassian Corporation PLC has a fifty-two week low of $139.70 and a fifty-two week high of $326.00. 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 firm has a market cap of $38.52 billion, a P/E ratio of -206.22, a P/E/G ratio of 23.14 and a beta of 0.88. The business has a 50-day moving average price of $156.91 and a 200 day moving average price of $169.52.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings data 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 firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the business posted $0.77 earnings per share. On average, sell-side analysts forecast that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Capco Asset Management LLC bought a new stake in Atlassian during the second quarter valued at about $25,000. Physician Wealth Advisors Inc. lifted its position in shares of Atlassian by 60.4% during the 3rd 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. Atlantic Union Bankshares Corp boosted its stake in Atlassian by 19,900.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company’s stock valued at $32,000 after purchasing an additional 199 shares during the period. Board of the Pension Protection Fund acquired a new stake in Atlassian in the 4th quarter valued at approximately $32,000. Finally, Geneos Wealth Management Inc. increased its position in 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 period. Institutional investors own 94.45% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. The Goldman Sachs Group reiterated a “buy” rating and issued a $260.00 price objective on shares of Atlassian in a research report on Friday, October 31st. Robert W. Baird set a $230.00 target price on Atlassian in a research note on Friday, October 31st. 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 on the stock. Citigroup reaffirmed a “buy” rating on shares of Atlassian in a research note on Wednesday, October 22nd. Finally, BTIG Research started coverage on Atlassian in a report on Tuesday, December 16th. They issued a “buy” rating and a $220.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $238.46.

More Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Williams F1 partnership raises Atlassian’s brand visibility and could help enterprise marketing and sponsorship reach over time. Read More.
• Neutral Sentiment: Analysts are reassessing TEAM’s valuation following the Dashmoto/Williams F1 collaboration — discussion focuses on branding upside vs. limited near‑term revenue impact. Read More.
• Neutral Sentiment: Market roundup pieces place Atlassian among several software names falling today, suggesting sector rotation and macro/earnings positioning (not just company‑specific news) are contributing to the selloff. Read More.
• Negative Sentiment: Co‑founders/insiders sold sizable, identical blocks on Jan. 7 (7,665 shares each at ~$161.11): CEO Michael Cannon‑Brookes’ sale is publicly filed and can weigh on sentiment when executed by top management. Read More.
• Negative Sentiment: Director/co‑founder Scott Farquhar also sold 7,665 shares on Jan. 7 (and has repeatedly sold blocks in recent weeks), amplifying investor concern about insider timing and signaling near‑term liquidity taking. Read More.
• Negative Sentiment: Media commentators (including Jim Cramer) have flagged Atlassian as “in the crosshairs,” which can accelerate headline‑driven selling and short‑term momentum pressure. Read More.
• Negative Sentiment: Wider negative context: recent coverage highlights investors are down roughly one‑third over the past year, reinforcing bearish sentiment that may amplify outflows. Read More.

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.