Atlassian Co. (NASDAQ:TEAM) Director Scott Farquhar Sells 7,948 Shares

Posted by James Quigley on Apr 15th, 2025

Atlassian Co. (NASDAQ:TEAM – Get Free Report) Director Scott Farquhar sold 7,948 shares of the business’s stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $202.19, for a total value of $1,607,006.12. Following the transaction, the director now directly owns 294,076 shares in the company, valued at approximately $59,459,226.44. This trade represents a 2.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

On Monday, April 7th, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $185.61, for a total value of $1,475,228.28.
On Wednesday, March 26th, Scott Farquhar sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $229.64, for a total value of $1,825,178.72.
On Monday, March 24th, Scott Farquhar sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $234.38, for a total transaction of $1,862,852.24.
On Monday, March 10th, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $218.05, for a total transaction of $1,733,061.40.
On Friday, February 28th, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $278.61, for a total transaction of $2,214,392.28.
On Wednesday, February 26th, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $289.77, for a total value of $2,303,091.96.
On Monday, February 24th, Scott Farquhar sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $283.26, for a total value of $2,251,350.48.
On Friday, February 7th, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $315.69, for a total value of $2,509,104.12.
On Friday, January 31st, Scott Farquhar sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $308.86, for a total transaction of $2,454,819.28.
On Wednesday, January 29th, Scott Farquhar sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $270.63, for a total transaction of $2,150,967.24.

Atlassian Trading Up 3.1 %

Shares of NASDAQ:TEAM traded up $6.26 during midday trading on Tuesday, hitting $207.25. 2,246,136 shares of the stock were exchanged, compared to its average volume of 2,042,493. The business’s 50-day moving average price is $248.73 and its 200 day moving average price is $242.07. Atlassian Co. has a 12 month low of $135.29 and a 12 month high of $326.00. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market capitalization of $54.30 billion, a price-to-earnings ratio of -154.66 and a beta of 1.07.

Atlassian (NASDAQ:TEAM – Get Free Report) last posted its earnings results on Thursday, January 30th. The technology company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.85). Atlassian had a negative return on equity of 17.37% and a negative net margin of 7.22%. Analysts predict that Atlassian Co. will post -0.34 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TEAM. Clean Yield Group increased 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 during the period. Murphy & Mullick Capital Management Corp acquired a new stake in Atlassian during the 4th quarter valued at approximately $27,000. Colonial Trust Co SC increased its position in Atlassian by 100.0% during the 4th quarter. Colonial Trust Co SC now owns 138 shares of the technology company’s stock valued at $34,000 after purchasing an additional 69 shares during the period. Summit Securities Group LLC acquired a new position in shares of Atlassian in the 4th quarter worth approximately $38,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in Atlassian during the fourth quarter worth $39,000. 94.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on TEAM. Barclays lifted their price target on shares of Atlassian from $275.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Macquarie raised Atlassian from a “neutral” rating to an “outperform” rating and dropped their price objective for the company from $317.00 to $270.00 in a report on Thursday, April 10th. The Goldman Sachs Group increased their target price on Atlassian from $245.00 to $370.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Jefferies Financial Group dropped their price target on Atlassian from $330.00 to $262.00 and set a “buy” rating for the company in a research note on Monday, April 7th. Finally, Robert W. Baird upgraded shares of Atlassian from a “neutral” rating to an “outperform” rating and reduced their price objective for the stock from $320.00 to $255.00 in a research note on Monday. Six equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $300.00.

Read Our Latest Research Report on TEAM

About Atlassian

(Get Free Report)

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.