Atlassian (NASDAQ:TEAM) Director Scott Farquhar Sells 7,665 Shares

Atlassian Corporation PLC (NASDAQ:TEAM) Director Scott Farquhar sold 7,665 shares of the stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $166.36, for a total transaction of $1,275,149.40. Following the transaction, the director owned 7,665 shares in the company, valued at approximately $1,275,149.40. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, September 26th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $165.26, for a total transaction of $1,266,717.90.
• 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $171.90, for a total transaction of $1,317,613.50.

Atlassian Trading Down 3.4%

NASDAQ TEAM opened at $159.70 on Wednesday. Atlassian Corporation PLC has a one year low of $155.37 and a one year high of $326.00. The company’s 50 day moving average price is $174.76 and its 200 day moving average price is $196.92. 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 firm has a market capitalization of $41.89 billion, a price-to-earnings ratio of -161.31 and a beta of 0.95.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings results on Thursday, August 7th. The technology company reported $0.98 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter last year, the firm posted $0.66 earnings per share. Atlassian’s revenue for the quarter 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. On average, sell-side analysts predict that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Institutional Trading of Atlassian

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Atlassian by 2.6% during the second quarter. Vanguard Group Inc. now owns 17,430,078 shares of the technology company’s stock worth $3,539,875,000 after buying an additional 436,541 shares in the last quarter. Baillie Gifford & Co. increased its stake in Atlassian by 7.1% during the first quarter. Baillie Gifford & Co. now owns 8,694,755 shares of the technology company’s stock valued at $1,845,114,000 after purchasing an additional 573,696 shares during the last quarter. Artisan Partners Limited Partnership increased its stake in Atlassian by 66.3% during the second quarter. Artisan Partners Limited Partnership now owns 3,878,133 shares of the technology company’s stock valued at $787,610,000 after purchasing an additional 1,545,546 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Atlassian by 21.8% during 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 last quarter. Finally, Voya Investment Management LLC increased its stake 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 valued at $571,894,000 after purchasing an additional 523,035 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Wall Street Analyst Weigh In

TEAM has been the topic of a number of analyst reports. Zacks Research upgraded shares of Atlassian from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 20th. Bank of America initiated coverage on shares of Atlassian in a research note on Tuesday, September 23rd. They set a “neutral” rating and a $200.00 price objective on the stock. UBS Group reiterated a “hold” rating on shares of Atlassian in a research note on Monday, July 7th. Barclays dropped their price objective on shares of Atlassian from $244.00 to $215.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. Finally, Wells Fargo & Company initiated coverage on shares of Atlassian in a research note on Tuesday. They set an “overweight” rating and a $216.00 price objective on the stock. One equities research 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $248.74.

Atlassian Company Profile

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.