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 stock in a transaction on Monday, November 10th. The stock was sold at an average price of $158.00, for a total value of $1,211,070.00. Following the completion of the sale, the director owned 268,275 shares in the company, valued at $42,387,450. This trade represents a 2.78% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, November 7th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $155.58, for a total value of $1,192,520.70.
• On Wednesday, November 5th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $162.66, for a total value of $1,246,788.90.
• On Monday, November 3rd, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $172.79, for a total value of $1,324,435.35.
• On Friday, October 31st, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $167.61, for a total transaction of $1,284,730.65.
• On Wednesday, October 29th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $160.41, for a total transaction of $1,229,542.65.
• On Monday, October 27th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $165.03, for a total transaction of $1,264,954.95.
• 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 transaction 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 transaction 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 transaction of $1,159,024.65.
• On Monday, October 20th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $157.28, for a total value of $1,205,551.20.

Atlassian Trading Down 1.0%

NASDAQ TEAM opened at $157.54 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.72. The stock’s 50-day simple moving average is $162.56 and its two-hundred day simple moving average is $185.44. Atlassian Corporation PLC has a twelve month low of $144.32 and a twelve month high of $326.00. The company has a market capitalization of $41.45 billion, a price-to-earnings ratio of -221.88, a PEG ratio of 37.74 and a beta of 0.95.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings data on Thursday, October 30th. The technology company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.83 by $0.21. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. Atlassian had a negative return on equity of 7.11% and a negative net margin of 3.38%.The company’s revenue was up 20.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.77 EPS. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Research analysts forecast that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Institutional Trading of Atlassian

Institutional investors have recently modified their holdings of the company. One Wealth Advisors LLC raised its holdings in Atlassian by 56.7% in the 2nd quarter. One Wealth Advisors LLC now owns 4,436 shares of the technology company’s stock worth $901,000 after purchasing an additional 1,606 shares in the last quarter. Allianz Asset Management GmbH increased its position in shares of Atlassian by 28.6% during the second quarter. Allianz Asset Management GmbH now owns 102,194 shares of the technology company’s stock valued at $20,755,000 after buying an additional 22,701 shares during the period. Machina Capital S.A.S. increased its position in shares of Atlassian by 203.0% during the second quarter. Machina Capital S.A.S. now owns 9,376 shares of the technology company’s stock valued at $1,904,000 after buying an additional 6,282 shares during the period. Nicholas Company Inc. raised its stake in Atlassian by 10.0% in the second quarter. Nicholas Company Inc. now owns 227,789 shares of the technology company’s stock worth $46,262,000 after buying an additional 20,635 shares in the last quarter. Finally, Versor Investments LP lifted its holdings in Atlassian by 121.7% in the second quarter. Versor Investments LP now owns 3,004 shares of the technology company’s stock worth $610,000 after buying an additional 1,649 shares during the period. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TEAM. Bank of America started coverage on shares of Atlassian in a report on Tuesday, September 23rd. They issued a “neutral” rating and a $200.00 price objective for the company. Mizuho lifted their target price on shares of Atlassian from $235.00 to $245.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Cowen reissued a “hold” rating on shares of Atlassian in a research note on Monday, October 27th. Truist Financial set a $210.00 price target on shares of Atlassian in a research report on Friday, October 31st. Finally, Robert W. Baird set a $230.00 price objective on Atlassian in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $239.44.

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.