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 Monday, October 27th. The stock was sold at an average price of $165.03, for a total value of $1,264,954.95. Following the transaction, the director directly owned 344,925 shares of the company’s stock, valued at $56,922,972.75. This represents a 2.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, October 24th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $164.50, for a total value of $1,260,892.50.
• On Wednesday, October 22nd, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $169.16, for a total value of $1,296,611.40.
• On Friday, October 17th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $151.21, for a total value of $1,159,024.65.
• On Monday, October 20th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $157.28, for a total value of $1,205,551.20.
• On Wednesday, October 15th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $151.83, for a total value of $1,163,776.95.
• On Monday, October 13th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $147.81, for a total value of $1,132,963.65.
• On Friday, October 10th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $145.85, for a total value of $1,117,940.25.
• On Wednesday, October 8th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $150.93, for a total value of $1,156,878.45.
• On Monday, October 6th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $150.75, for a total value of $1,155,498.75.
• On Friday, October 3rd, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $150.86, for a total value of $1,156,341.90.

Atlassian Stock Performance

Shares of NASDAQ TEAM opened at $159.28 on Thursday. The stock has a 50 day moving average price of $164.20 and a 200 day moving average price of $188.42. Atlassian Corporation PLC has a 52 week low of $144.32 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 stock has a market capitalization of $41.78 billion, a PE ratio of -160.89 and a beta of 0.92.

Atlassian (NASDAQ:TEAM) last issued 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 return on equity of 14.77% and a negative net margin of 4.92%.The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the prior year, the firm posted $0.66 earnings per share. The business’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. Analysts predict that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on TEAM. Wall Street Zen raised Atlassian from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Wells Fargo & Company started coverage on Atlassian in a research report on Tuesday, September 30th. They set an “overweight” rating and a $216.00 price target for the company. Bank of America started coverage on Atlassian in a research report on Tuesday, September 23rd. They issued a “neutral” rating and a $200.00 price objective for the company. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $230.00 price objective on shares of Atlassian in a research report on Wednesday, October 22nd. Finally, Barclays cut their price objective on Atlassian from $244.00 to $215.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $243.58.

Institutional Trading of Atlassian

A number of hedge funds have recently made changes to their positions in TEAM. GAMMA Investing LLC increased its stake in shares of Atlassian by 96.9% during the first quarter. GAMMA Investing LLC now owns 571 shares of the technology company’s stock worth $121,000 after purchasing an additional 281 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in shares of Atlassian by 42.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,240 shares of the technology company’s stock worth $900,000 after purchasing an additional 1,259 shares during the period. Oppenheimer & Co. Inc. increased its stake in shares of Atlassian by 76.7% during the first quarter. Oppenheimer & Co. Inc. now owns 3,873 shares of the technology company’s stock worth $822,000 after purchasing an additional 1,681 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of Atlassian by 2.6% during the first quarter. Robeco Institutional Asset Management B.V. now owns 51,956 shares of the technology company’s stock worth $11,026,000 after purchasing an additional 1,295 shares during the period. Finally, Sequoia Financial Advisors LLC increased its stake in shares of Atlassian by 24.3% during the first quarter. Sequoia Financial Advisors LLC now owns 2,609 shares of the technology company’s stock worth $554,000 after purchasing an additional 510 shares during the period. 94.45% of the stock is owned by institutional investors and hedge funds.

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.