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 on Friday, August 29th. The stock was sold at an average price of $177.83, for a total value of $1,363,066.95. Following the completion of the transaction, the director owned 160,965 shares of the company’s stock, valued at $28,624,405.95. The trade was a 4.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, August 27th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $171.13, for a total transaction of $1,311,711.45.
• On Monday, August 25th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $169.40, for a total transaction of $1,298,451.00.
• On Friday, August 22nd, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $169.73, for a total transaction of $1,300,980.45.
• On Wednesday, August 20th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $166.30, for a total transaction of $1,274,689.50.
• On Thursday, August 14th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $163.26, for a total transaction of $1,251,387.90.
• On Monday, August 11th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $163.51, for a total transaction of $1,253,304.15.
• On Friday, August 8th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $171.03, for a total transaction of $1,310,944.95.
• On Wednesday, August 6th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $185.81, for a total value of $1,424,233.65.
• On Monday, August 4th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $185.43, for a total value of $1,421,320.95.
• On Friday, August 1st, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $184.43, for a total value of $1,413,655.95.

Atlassian Stock Up 0.6%

TEAM opened at $177.78 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market cap of $46.64 billion, a price-to-earnings ratio of -179.57 and a beta of 0.96. Atlassian Corporation PLC has a one year low of $154.07 and a one year high of $326.00. The business’s fifty day moving average is $188.25 and its two-hundred day moving average is $213.06.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings results on Thursday, August 7th. The technology company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.15. Atlassian had a negative return on equity of 14.77% and a negative net margin of 4.92%.The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the company posted $0.66 EPS. The business’s revenue was up 22.3% on a year-over-year basis. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Analysts anticipate that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Institutional Trading of Atlassian

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Atlassian by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 17,430,078 shares of the technology company’s stock valued at $3,539,875,000 after buying an additional 436,541 shares during the period. Baillie Gifford & Co. boosted its position in shares of Atlassian by 7.1% in the first quarter. Baillie Gifford & Co. now owns 8,694,755 shares of the technology company’s stock worth $1,845,114,000 after acquiring an additional 573,696 shares during the last quarter. Artisan Partners Limited Partnership boosted its position in shares of Atlassian by 66.3% in the second quarter. Artisan Partners Limited Partnership now owns 3,878,133 shares of the technology company’s stock worth $787,610,000 after acquiring an additional 1,545,546 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Atlassian by 21.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,440,813 shares of the technology company’s stock valued at $730,175,000 after purchasing an additional 616,071 shares during the period. Finally, Voya Investment Management LLC increased its position in Atlassian by 24.1% during the first quarter. Voya Investment Management LLC now owns 2,695,889 shares of the technology company’s stock worth $571,894,000 after purchasing an additional 523,035 shares during the last quarter. 94.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Wells Fargo & Company cut their target price on shares of Atlassian from $330.00 to $315.00 and set an “overweight” rating for the company in a research report on Friday, May 2nd. Oppenheimer cut their price objective on Atlassian from $300.00 to $275.00 and set an “outperform” rating for the company in a research report on Monday, July 21st. Mizuho reduced their target price on Atlassian from $265.00 to $235.00 and set an “outperform” rating on the stock in a research note on Friday, August 8th. Stephens dropped their price target on Atlassian from $221.00 to $202.00 and set an “equal weight” rating for the company in a research report on Monday, August 11th. Finally, KeyCorp cut their price target on Atlassian from $275.00 to $250.00 and set an “overweight” rating for the company in a report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Atlassian currently has an average rating of “Moderate Buy” and an average price target of $256.90.

About Atlassian

Atlassian Corporation, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its product portfolio includes Jira Software and Jira Work Management, a project management system that connects technical and business teams so they can better plan, organize, track and manage their work and projects; Confluence, a connected workspace that organizes knowledge across all teams to move work forward; and Trello, a collaboration and organization product that captures and adds structure to fluid and fast-forming work for teams.