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 Wednesday, October 1st. The stock was sold at an average price of $152.50, for a total value of $1,168,912.50. Following the transaction, the director directly owned 482,895 shares of the company’s stock, valued at approximately $73,641,487.50. This represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Monday, September 29th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $166.36, for a total value of $1,275,149.40.
• On Friday, September 26th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $165.26, for a total value of $1,266,717.90.
• On Wednesday, September 24th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were 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 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 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 stock was sold at an average price of $171.59, for a total value of $1,315,237.35.

Atlassian Stock Down 0.4%

Atlassian stock opened at $150.49 on Friday. The company has a market capitalization of $39.48 billion, a P/E ratio of -152.01 and a beta of 0.92. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.22 and a current ratio of 1.22. Atlassian Corporation PLC has a fifty-two week low of $147.40 and a fifty-two week high of $326.00. The stock has a 50-day simple moving average of $171.67 and a 200-day simple moving average of $195.63.

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 analysts’ consensus estimates of $0.83 by $0.15. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.36 billion. Atlassian had a negative return on equity of 14.77% and a negative net margin of 4.92%.The firm’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 EPS. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Equities research analysts expect that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Hedge Funds Weigh In On Atlassian

A number of large investors have recently modified their holdings of TEAM. Clean Yield Group boosted its stake in shares of Atlassian by 372.0% in the first quarter. Clean Yield Group now owns 118 shares of the technology company’s stock valued at $25,000 after buying an additional 93 shares in the last quarter. Capco Asset Management LLC purchased a new position in Atlassian in the second quarter worth $25,000. Smithfield Trust Co lifted its holdings in Atlassian by 90.7% in the first quarter. Smithfield Trust Co now owns 164 shares of the technology company’s stock valued at $34,000 after acquiring an additional 78 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Atlassian by 447.2% during 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, First Horizon Advisors Inc. grew its stake in shares of Atlassian by 25.9% during the 1st quarter. First Horizon Advisors Inc. now owns 267 shares of the technology company’s stock worth $57,000 after purchasing an additional 55 shares during the period. 94.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TEAM has been the topic of a number of recent research reports. Citigroup cut their target price on shares of Atlassian from $300.00 to $240.00 and set a “buy” rating on the stock in a report on Monday, August 18th. KeyCorp dropped their price objective on shares of Atlassian from $275.00 to $250.00 and set an “overweight” rating on the stock in a research note on Thursday, July 17th. Guggenheim initiated coverage on shares of Atlassian in a report on Thursday, September 11th. They issued a “buy” rating and a $225.00 target price for the company. Oppenheimer lowered their price target on Atlassian from $300.00 to $275.00 and set an “outperform” rating on the stock in a report on Monday, July 21st. Finally, Capital One Financial downgraded Atlassian from an “overweight” rating to an “equal weight” rating and set a $211.00 price objective for the company. in a research note on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.