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 business’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $119.15, for a total value of $913,284.75. Following the completion of the transaction, the director directly owned 314,265 shares of the company’s stock, valued at approximately $37,444,674.75. This trade represents a 2.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, January 28th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $135.44, for a total transaction of $1,038,147.60.
• On Monday, January 26th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $136.93, for a total transaction of $1,049,568.45.
• 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 value of $966,633.15.
• On Tuesday, January 20th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was 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 shares were 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 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 shares were 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 shares were sold at an average price of $154.20, for a total value of $1,181,943.00.

Atlassian Stock Performance

Atlassian stock opened at $113.70 on Tuesday. The business has a 50 day moving average of $148.33 and a 200-day moving average of $160.59. The company has a market capitalization of $29.92 billion, a P/E ratio of -160.14, a P/E/G ratio of 18.30 and a beta of 0.88. Atlassian Corporation PLC has a 1 year low of $113.47 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.

Key Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Atlassian and Anthropic/Williams F1 announced a multi‑year partnership to integrate Anthropic’s Claude across the Williams F1 team, highlighting Atlassian’s positioning in AI partnerships and product integration opportunities that could support enterprise demand and brand visibility. Anthropic and Atlassian Williams F1 Team announce multi-year partnership
• Positive Sentiment: Analyst preview from Zacks expects Q2 to benefit from strong cloud adoption, AI tools and continued demand for Jira and Confluence — a fundamental tailwind that supports revenue growth expectations ahead of earnings. Atlassian to Report Q2 Earnings: What’s in Store for the Stock?
• Neutral Sentiment: Media commentary notes Atlassian may have upside despite broader negative sentiment in the software sector; this is more thematic and less company‑specific. Atlassian Corporation (TEAM) has upside despite negative software sentiment
• Neutral Sentiment: Reported short interest data shows effectively zero reported short shares and a 0.0 days‑to‑cover metric — a technical data point that currently appears immaterial to price pressure.
• Negative Sentiment: CEO Michael Cannon‑Brookes sold 7,665 shares on Jan. 30 at an average $119.15 (≈$913K), reducing his stake ~2.38%; insider selling can create near‑term negative sentiment among investors. SEC filing — CEO sale
• Negative Sentiment: Director Scott Farquhar sold an identical block (7,665 shares at $119.15) on Jan. 30, also reducing his stake ~2.38%; combined insider sales from top executives amplify concerns about conviction even if sales may be routine or for diversification. SEC filing — Director sale

Institutional Trading of Atlassian

Large investors have recently made changes to their positions in the company. NewEdge Advisors LLC grew its stake in Atlassian by 71.6% in the first quarter. NewEdge Advisors LLC now owns 5,432 shares of the technology company’s stock valued at $1,153,000 after acquiring an additional 2,267 shares during the period. Empowered Funds LLC lifted its holdings in shares of Atlassian by 39.5% in the 1st quarter. Empowered Funds LLC now owns 4,689 shares of the technology company’s stock worth $995,000 after purchasing an additional 1,328 shares in the last quarter. Focus Partners Wealth grew its position in Atlassian by 32.6% in the 1st quarter. Focus Partners Wealth now owns 4,122 shares of the technology company’s stock valued at $875,000 after purchasing an additional 1,014 shares during the period. Geneos Wealth Management Inc. grew 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 valued at $42,000 after purchasing an additional 161 shares during the period. Finally, Sivia Capital Partners LLC increased its stake in Atlassian by 27.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,873 shares of the technology company’s stock valued at $380,000 after purchasing an additional 404 shares in the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TEAM shares. KeyCorp cut their price objective on Atlassian from $250.00 to $210.00 and set an “overweight” rating on the stock in a research note on Thursday, October 23rd. BTIG Research restated a “buy” rating and set a $220.00 price target on shares of Atlassian in a report on Tuesday, January 13th. Mizuho reduced their price objective on shares of Atlassian from $245.00 to $225.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 21st. Cantor Fitzgerald reiterated an “overweight” rating and set a $240.00 price objective on shares of Atlassian in a research report on Friday, October 31st. Finally, Sanford C. Bernstein boosted their target price on shares of Atlassian from $290.00 to $304.00 and gave the company an “outperform” rating in a report on Tuesday, November 18th. Twenty analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Atlassian currently has a consensus rating of “Moderate Buy” and an average price target of $227.60.

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.