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 on Wednesday, January 28th. The stock was sold at an average price of $135.44, for a total value of $1,038,147.60. Following the sale, the director directly owned 321,930 shares in the company, valued at $43,602,199.20. This represents a 2.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Monday, January 26th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $136.93, for a total value of $1,049,568.45.
• On Thursday, January 22nd, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $126.11, for a total value 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 stock was sold at an average price of $120.82, for a total transaction 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 transaction 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 transaction 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 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 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.

Atlassian Price Performance

Shares of NASDAQ TEAM opened at $118.18 on Friday. The stock’s 50-day simple moving average is $148.99 and its 200-day simple moving average is $161.52. The firm has a market capitalization of $31.09 billion, a PE ratio of -166.45, a price-to-earnings-growth ratio of 18.64 and a beta of 0.88. Atlassian Corporation PLC has a fifty-two week low of $115.01 and a fifty-two week high of $326.00. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.26 and a current ratio of 1.26.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings results on Thursday, October 30th. The technology company reported $1.04 EPS for the quarter, beating the consensus estimate 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 period in the prior year, the firm posted $0.77 earnings per share. The firm’s revenue was up 20.6% on a year-over-year basis. As a group, equities research analysts forecast that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Canaccord Genuity Group reaffirmed a “buy” rating and set a $230.00 price objective on shares of Atlassian in a report on Wednesday, October 22nd. Cantor Fitzgerald restated an “overweight” rating and set a $240.00 price target on shares of Atlassian in a research note on Friday, October 31st. Truist Financial set a $210.00 price objective on Atlassian in a research note on Friday, October 31st. BMO Capital Markets increased their price objective on Atlassian from $190.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Finally, The Goldman Sachs Group restated a “buy” rating and set a $260.00 target price on shares of Atlassian in a research report on Friday, October 31st. Twenty analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $227.60.

Institutional Trading of Atlassian

Hedge funds have recently made changes to their positions in the company. Nordea Investment Management AB boosted its holdings in shares of Atlassian by 20.3% in the 3rd 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 raised its stake in Atlassian by 28.6% during the second quarter. Allianz Asset Management GmbH now owns 102,194 shares of the technology company’s stock worth $20,755,000 after acquiring an additional 22,701 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in 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 acquiring an additional 9,274 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in Atlassian by 2.5% in the third 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 period. Finally, Machina Capital S.A.S. boosted its stake in Atlassian by 203.0% in the second quarter. Machina Capital S.A.S. now owns 9,376 shares of the technology company’s stock valued at $1,904,000 after acquiring an additional 6,282 shares during the period. Institutional investors and hedge funds own 94.45% of the company’s stock.

Key Stories Impacting Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Marketing / brand exposure — Atlassian’s Williams F1 team added Wilkinson Sword as an official partner, which can help enterprise brand awareness and demand generation over time. Read More.
• Neutral Sentiment: AI competitive landscape — Coverage highlights Anthropic’s Cowork as a potential disruptor to collaboration/workflow tools; important context for long‑term competitive risk but speculative for immediate fundamentals. Read More.
• Neutral Sentiment: Context pieces explain drivers behind today’s selloff (useful background but not new company financials). Read More.
• Negative Sentiment: Insider selling — CEO Michael Cannon‑Brookes and director Scott Farquhar executed multiple same‑period share sales (several blocks of ~7,665 shares), signaling near‑term negative sentiment and adding selling supply. Read More.
• Negative Sentiment: Legal risk — Pomerantz LLP launched an investor investigation into Atlassian, which can prolong downward pressure until claims are clarified or dismissed. Read More.
• Negative Sentiment: Analyst / sell‑side pressure — Recent analyst target reductions and negative notes (coverage cited) reduce near‑term upside expectations and can accelerate selling. Read More.
• Negative Sentiment: Bearish momentum — Stock hit a new 52‑week low and reports cite higher short interest, which can amplify declines via momentum and short‑term trading flows. Read More.

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.