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 dated Tuesday, January 20th. The shares were sold at an average price of $118.19, for a total transaction of $905,926.35. Following the transaction, the director directly owned 367,920 shares of the company’s stock, valued at approximately $43,484,464.80. This represents a 2.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• 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 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 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 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 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.
• 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 value 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 value 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 value 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.

Atlassian Stock Up 4.9%

TEAM opened at $128.46 on Friday. Atlassian Corporation PLC has a 1 year low of $115.53 and a 1 year high of $326.00. The firm has a 50 day moving average price of $151.11 and a 200 day moving average price of $164.70. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market cap of $33.80 billion, a PE ratio of -180.93, a price-to-earnings-growth ratio of 18.96 and a beta of 0.88.

Atlassian (NASDAQ:TEAM) last released 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. 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 during the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the firm earned $0.77 earnings per share. Atlassian’s revenue for the quarter was up 20.6% on a year-over-year basis. Sell-side analysts expect that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

More Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: BTIG stays bullish after Atlassian’s Data Center pricing update, signaling continued confidence in revenue and enterprise demand — a supportive catalyst for the shares. Read More.
• Positive Sentiment: A recent analysis argues AI-driven disruption fears are overblown and highlights Atlassian’s switching costs and workflow integration as protective of revenue and margins — a constructive narrative for long‑term holders. Read More.
• Neutral Sentiment: Mizuho trimmed its price target from $245 to $225 but kept an Outperform rating — lowers upside expectations but still a relatively bullish stance vs. the market. Read More.
• Neutral Sentiment: Street consensus remains a “Moderate Buy” based on analyst coverage, which provides some baseline support amid headline volatility. Read More.
• Negative Sentiment: TD Cowen cut its target and moved to a Hold with a $175 target—this reduced analyst conviction pressured the stock and trimmed near‑term upside. Read More.
• Negative Sentiment: Analyst downgrade headlines contributed to a new 52‑week low, amplifying short‑term selling pressure and volatility. Read More.
• Negative Sentiment: Insider sales: CEO Michael Cannon‑Brookes and co‑founder/director Scott Farquhar each sold 7,665 shares (~2% trims) in filings — investors often view repeated insider selling as a near‑term negative despite large remaining holdings. Read More. Read More.

Hedge Funds Weigh In On Atlassian

A number of institutional investors have recently made changes to their positions in the business. Physician Wealth Advisors Inc. grew its position in shares of Atlassian by 60.4% during the third quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock worth $26,000 after buying an additional 61 shares in the last quarter. GAMMA Investing LLC grew its holdings in Atlassian by 12.0% during the 4th quarter. GAMMA Investing LLC now owns 615 shares of the technology company’s stock worth $100,000 after acquiring an additional 66 shares in the last quarter. Snowden Capital Advisors LLC grew its holdings in Atlassian by 1.6% during the 2nd quarter. Snowden Capital Advisors LLC now owns 4,464 shares of the technology company’s stock worth $907,000 after acquiring an additional 71 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Atlassian by 0.3% in the 2nd quarter. Cetera Investment Advisers now owns 24,808 shares of the technology company’s stock valued at $5,038,000 after purchasing an additional 79 shares in the last quarter. Finally, ABN Amro Investment Solutions raised its stake in shares of Atlassian by 3.4% in the 3rd quarter. ABN Amro Investment Solutions now owns 2,452 shares of the technology company’s stock valued at $392,000 after purchasing an additional 80 shares in the last quarter. 94.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TEAM has been the topic of a number of recent research reports. The Goldman Sachs Group restated a “buy” rating and set a $260.00 price objective on shares of Atlassian in a research note on Friday, October 31st. BTIG Research reissued a “buy” rating and set a $220.00 price target on shares of Atlassian in a research report on Tuesday, January 13th. BMO Capital Markets upped their price target on Atlassian from $190.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Piper Sandler reiterated an “overweight” rating on shares of Atlassian in a research note on Tuesday, January 13th. Finally, KeyCorp reduced their target price on shares of Atlassian from $250.00 to $210.00 and set an “overweight” rating on the stock in a research report on Thursday, October 23rd. Twenty-one equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $235.38.

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.