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

Atlassian Corporation PLC (NASDAQ:TEAM) Director Scott Farquhar sold 7,665 shares of the firm’s stock in a transaction on Monday, January 26th. The stock was sold at an average price of $136.93, for a total transaction of $1,049,568.45. Following the completion of the sale, the director owned 344,925 shares of the company’s stock, valued at $47,230,580.25. The trade was a 2.17% decrease in their ownership of the stock. The transaction 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 Thursday, January 22nd, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $126.11, for a total transaction of $966,633.15.
• On Tuesday, January 20th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $118.19, for a total value of $905,926.35.
• On Friday, January 16th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $120.82, for a total value of $926,085.30.
• On Wednesday, January 14th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was 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 stock was sold at an average price of $147.15, for a total value of $1,127,904.75.
• On Friday, January 9th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $145.91, for a total value 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 value 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 value of $1,181,943.00.
• On Friday, January 2nd, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were 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 stock was sold at an average price of $162.68, for a total transaction of $1,246,942.20.

Atlassian Stock Down 3.3%

Atlassian stock opened at $133.86 on Wednesday. The firm has a market capitalization of $35.22 billion, a price-to-earnings ratio of -188.53, a price-to-earnings-growth ratio of 21.44 and a beta of 0.88. The firm’s fifty day moving average price is $150.26 and its two-hundred day moving average price is $162.52. Atlassian Corporation PLC has a 1-year low of $115.53 and a 1-year high of $326.00. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.72.

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

Wall Street Analysts Forecast Growth

TEAM has been the subject of a number of analyst reports. Wells Fargo & Company began coverage on Atlassian in a research report on Tuesday, September 30th. They issued an “overweight” rating and a $216.00 price target for the company. The Goldman Sachs Group reiterated a “buy” rating and issued a $260.00 target price on shares of Atlassian in a research note on Friday, October 31st. Canaccord Genuity Group reissued a “buy” rating and set a $230.00 price target on shares of Atlassian in a research report on Wednesday, October 22nd. Robert W. Baird cut their price target on shares of Atlassian from $230.00 to $170.00 and set an “outperform” rating on the stock in a report on Monday. Finally, Macquarie decreased their price target on Atlassian from $250.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, November 3rd. Twenty-one investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $231.54.

Hedge Funds Weigh In On Atlassian

Several institutional investors have recently bought and sold shares of the company. One Wealth Advisors LLC grew its holdings in shares of Atlassian by 56.7% during the 2nd quarter. One Wealth Advisors LLC now owns 4,436 shares of the technology company’s stock valued at $901,000 after purchasing an additional 1,606 shares during the last quarter. Nordea Investment Management AB boosted its position in Atlassian by 20.3% during the third quarter. Nordea Investment Management AB now owns 721,690 shares of the technology company’s stock valued at $114,695,000 after buying an additional 121,541 shares during the period. Allianz Asset Management GmbH grew its stake in shares of Atlassian by 28.6% during the second quarter. Allianz Asset Management GmbH now owns 102,194 shares of the technology company’s stock valued at $20,755,000 after buying an additional 22,701 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Atlassian by 3.7% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 258,299 shares of the technology company’s stock worth $52,458,000 after buying an additional 9,274 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Atlassian by 2.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 408,414 shares of the technology company’s stock valued at $65,224,000 after acquiring an additional 9,769 shares during the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Key Stories Impacting Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Atlassian renewed its long-term, fan-first partnership with Williams F1 (continued brand exposure and marketing momentum). Atlassian Williams F1 Team and Kraken renew long-term fan-first partnership
• Positive Sentiment: Sparco joined the Atlassian Williams F1 Team as the official racewear and technical apparel supplier (another marketing/brand partnership). Sparco joins Atlassian Williams F1 Team as Official Racewear and Technical Apparel Supplier
• Neutral Sentiment: Reported short-interest data is inconsistent (entries list a “large increase” but show zero shares and a 0.0 days short-interest ratio), so short activity is not a clear driver based on this release. (Data appears unreliable.)
• Neutral Sentiment: Coverage explaining the day’s move is available and summarizes the mix of items pressuring shares. Why Atlassian (TEAM) Shares Are Falling Today
• Negative Sentiment: Insider selling: CEO Michael Cannon-Brookes and Director Scott Farquhar each sold 7,665 shares at ~$136.93 (~$1.05M each), reducing their holdings by ~2.17% — a near-term negative signal for investor sentiment. SEC Filing – Insider Sale
• Negative Sentiment: Analyst action: Robert W. Baird lowered its price target from $230 to $170 (still an “outperform” rating), trimming upside expectations and likely adding downward pressure. Atlassian price target lowered at Baird
• Negative Sentiment: Investor litigation probe: Pomerantz LLP announced an investigation into Atlassian on behalf of investors, which can increase legal risk and weigh on the stock until resolved. Pomerantz investor alert

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.