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 firm’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $162.66, for a total transaction of $1,246,788.90. Following the completion of the transaction, the director directly owned 283,605 shares in the company, valued at approximately $46,131,189.30. The trade was a 2.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Monday, November 3rd, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $172.79, for a total transaction of $1,324,435.35.
• On Friday, October 31st, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $167.61, for a total value of $1,284,730.65.
• On Wednesday, October 29th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $160.41, for a total value of $1,229,542.65.
• On Monday, October 27th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $165.03, for a total value of $1,264,954.95.
• On Friday, October 24th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were 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 shares were 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 shares were 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 transaction of $1,132,963.65.

Atlassian Stock Up 1.1%

Shares of NASDAQ TEAM opened at $157.83 on Friday. The stock has a market cap of $41.40 billion, a P/E ratio of -222.29, a P/E/G ratio of 37.03 and a beta of 0.95. The firm has a 50 day moving average price of $163.23 and a 200 day moving average price of $186.66. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.22 and a current ratio of 1.26. Atlassian Corporation PLC has a 52-week low of $144.32 and a 52-week high of $326.00.

Atlassian (NASDAQ:TEAM) last posted its earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.21. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.11%. The business’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same period last year, the business posted $0.77 earnings per share. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Analysts expect that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on TEAM shares. Oppenheimer reduced their target price on Atlassian from $300.00 to $275.00 and set an “outperform” rating on the stock in a report on Monday, July 21st. Cowen restated a “hold” rating on shares of Atlassian in a report on Monday, October 27th. Sanford C. Bernstein cut their price objective on Atlassian from $296.00 to $290.00 and set an “outperform” rating on the stock in a report on Friday, October 31st. Piper Sandler reiterated an “overweight” rating and issued a $300.00 price objective on shares of Atlassian in a research report on Friday, October 31st. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $240.00 target price on shares of Atlassian in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Atlassian has a consensus rating of “Moderate Buy” and a consensus price target of $239.44.

Institutional Investors Weigh In On Atlassian

Hedge funds and other institutional investors have recently bought and sold shares of the company. State of Wyoming lifted its stake in Atlassian by 20.3% in the 1st quarter. State of Wyoming now owns 278 shares of the technology company’s stock valued at $59,000 after acquiring an additional 47 shares in the last quarter. Physician Wealth Advisors Inc. raised its holdings in shares of Atlassian by 60.4% in the third quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock valued at $26,000 after purchasing an additional 61 shares during the last quarter. EP Wealth Advisors LLC lifted its position in shares of Atlassian by 2.8% in the first quarter. EP Wealth Advisors LLC now owns 2,641 shares of the technology company’s stock worth $561,000 after purchasing an additional 71 shares in the last quarter. Snowden Capital Advisors LLC lifted its position in shares of Atlassian by 1.6% in the second quarter. Snowden Capital Advisors LLC now owns 4,464 shares of the technology company’s stock worth $907,000 after purchasing an additional 71 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in Atlassian by 11.5% during the first quarter. Smartleaf Asset Management LLC now owns 716 shares of the technology company’s stock worth $156,000 after purchasing an additional 74 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

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.