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 dated Friday, January 16th. The shares were sold at an average price of $120.82, for a total value of $926,085.30. Following the completion of the sale, the director directly owned 383,250 shares of the company’s stock, valued at approximately $46,304,265. The trade was a 1.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Wednesday, January 14th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $133.66, for a total value of $1,024,503.90.
• On Monday, January 12th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $147.15, for a total transaction of $1,127,904.75.
• On Friday, January 9th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $145.91, for a total transaction of $1,118,400.15.
• On Wednesday, January 7th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $161.11, for a total transaction of $1,234,908.15.
• On Monday, January 5th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $154.20, for a total transaction 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 transaction 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 stock was sold at an average price of $162.40, for a total value of $1,244,796.00.

Atlassian Stock Down 7.7%

Shares of NASDAQ:TEAM opened at $118.55 on Friday. Atlassian Corporation PLC has a 1 year low of $118.08 and a 1 year high of $326.00. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.26 and a quick ratio of 1.26. The business’s 50-day moving average is $153.84 and its 200-day moving average is $166.88. The company has a market capitalization of $31.19 billion, a price-to-earnings ratio of -166.97, a P/E/G ratio of 18.36 and a beta of 0.88.

Atlassian (NASDAQ:TEAM) last released its earnings results on Thursday, October 30th. The technology company reported $1.04 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter last year, the firm posted $0.77 earnings per share. The firm’s revenue was up 20.6% on a year-over-year basis. 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

Institutional investors and hedge funds have recently made changes to their positions in the business. Capco Asset Management LLC acquired a new position in Atlassian during the 2nd quarter valued at about $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. Atlantic Union Bankshares Corp lifted its holdings in shares of Atlassian by 19,900.0% in the third 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 in the last quarter. Board of the Pension Protection Fund bought a new position in shares of Atlassian in the fourth quarter valued at approximately $32,000. Finally, Geneos Wealth Management Inc. boosted its position 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 buying an additional 161 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TEAM. Zacks Research raised shares of Atlassian from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. Truist Financial set a $210.00 price objective on shares of Atlassian in a report on Friday, October 31st. Canaccord Genuity Group reissued a “buy” rating and set a $230.00 price objective on shares of Atlassian in a research report on Wednesday, October 22nd. Piper Sandler reaffirmed an “overweight” rating on shares of Atlassian in a research report on Tuesday. Finally, Sanford C. Bernstein increased their price target on Atlassian from $290.00 to $304.00 and gave the stock an “outperform” rating in a report on Tuesday, November 18th. One investment 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 assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $237.31.

More Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: BTIG reaffirmed a “Buy” rating with a $220 target, which may attract value‑oriented buyers and limit downside. Atlassian (NASDAQ:TEAM) Earns Buy Rating from BTIG Research
• Positive Sentiment: Atlassian appointed Google alum Anil Sabharwal to the board, adding AI/product experience that could help execution on AI-enabled roadmap and partnerships. Atlassian Appoints Anil Sabharwal to Board of Directors
• Neutral Sentiment: PR and sponsorship items (Atlassian–Williams F1 coverage) and a Clovity hire to push regulated‑sector integrations improve brand/GTM visibility but are unlikely to move near‑term fundamentals. Why you should be supporting Atlassian Williams F1 Team
• Neutral Sentiment: Commentary asking whether TEAM should be reassessed after a steep one‑year decline highlights the valuation debate but provides no new company data. Is It Time To Reassess Atlassian (TEAM) After A 49% One-Year Share Price Fall?
• Negative Sentiment: Repeated insider selling by co‑founders Michael Cannon‑Brookes and Scott Farquhar — multiple sales of 7,665‑share lots in Dec–Jan — is pressuring sentiment and has been widely cited in stories about the stock hitting new lows. Insider sale SEC filing
• Negative Sentiment: Sector headwinds from “agentic” AI (e.g., Claude Code) raise the risk that autonomous coding/workflow agents could reduce demand for some standalone Atlassian licenses or compress pricing power over time. 3 Stocks to Avoid as Software Sector Stumbles
• Negative Sentiment: Citi and other outlets noting price‑target cuts/coverage changes in the software group add analyst pressure; media coverage of a new 12‑month low amplifies short‑term selling pressure. Atlassian, Datadog, Fastly in focus as Citi cuts price targets

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.