Insider Selling: Atlassian (NASDAQ:TEAM) Director Sells 7,665 Shares of Stock

Atlassian Corporation PLC (NASDAQ:TEAMGet Free Report) Director Scott Farquhar sold 7,665 shares of the company’s stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $165.26, for a total transaction of $1,266,717.90. Following the completion of the sale, the director owned 15,330 shares in the company, valued at $2,533,435.80. This represents a 33.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Wednesday, September 24th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $165.09, for a total transaction of $1,265,414.85.
  • On Monday, September 22nd, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $170.20, for a total transaction of $1,304,583.00.
  • On Friday, September 19th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $169.32, for a total transaction of $1,297,837.80.
  • On Wednesday, September 17th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $173.56, for a total transaction of $1,330,337.40.
  • On Friday, September 12th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $175.17, for a total transaction of $1,342,678.05.
  • On Monday, September 15th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $174.58, for a total transaction of $1,338,155.70.
  • On Wednesday, September 10th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $175.76, for a total transaction of $1,347,200.40.
  • On Monday, September 8th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $171.59, for a total transaction of $1,315,237.35.
  • On Friday, September 5th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $171.90, for a total transaction of $1,317,613.50.
  • On Wednesday, September 3rd, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $171.14, for a total transaction of $1,311,788.10.

Atlassian Trading Down 0.8%

Shares of TEAM stock opened at $165.31 on Tuesday. Atlassian Corporation PLC has a 52-week low of $155.37 and a 52-week high of $326.00. 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 50-day simple moving average of $175.53 and a two-hundred day simple moving average of $197.18. The company has a market capitalization of $43.37 billion, a price-to-earnings ratio of -166.98 and a beta of 0.95.

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

Institutional Trading of Atlassian

Several institutional investors and hedge funds have recently bought and sold shares of TEAM. Clean Yield Group lifted its stake in Atlassian by 372.0% in the 1st quarter. Clean Yield Group now owns 118 shares of the technology company’s stock worth $25,000 after purchasing an additional 93 shares in the last quarter. Capco Asset Management LLC purchased a new stake in Atlassian in the 2nd quarter worth approximately $25,000. Smithfield Trust Co lifted its stake in Atlassian by 90.7% in the 1st quarter. Smithfield Trust Co now owns 164 shares of the technology company’s stock worth $34,000 after purchasing an additional 78 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Atlassian by 447.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock worth $42,000 after purchasing an additional 161 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in Atlassian by 82.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 243 shares of the technology company’s stock worth $52,000 after purchasing an additional 110 shares in the last quarter. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Mizuho reduced their target price on shares of Atlassian from $265.00 to $235.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Stephens reduced their target price on shares of Atlassian from $221.00 to $202.00 and set an “equal weight” rating for the company in a research report on Monday, August 11th. Guggenheim assumed coverage on shares of Atlassian in a research report on Thursday, September 11th. They set a “buy” rating and a $225.00 target price for the company. BMO Capital Markets cut their price objective on shares of Atlassian from $225.00 to $200.00 and set an “outperform” rating for the company in a report on Friday, August 8th. Finally, Cantor Fitzgerald cut their price objective on shares of Atlassian from $256.00 to $240.00 and set an “overweight” rating for the company in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Atlassian currently has a consensus rating of “Moderate Buy” and an average target price of $253.04.

Read Our Latest Report on Atlassian

About Atlassian

(Get Free Report)

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.

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