Atlassian (NASDAQ:TEAM) Director Scott Farquhar Sells 7,665 Shares

Atlassian Corporation PLC (NASDAQ:TEAM) Director Scott Farquhar sold 7,665 shares of the firm’s stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $165.26, for a total transaction of $1,266,717.90. Following the completion of the sale, the director owned 15,330 shares of the company’s stock, valued at $2,533,435.80. This trade represents a 33.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $171.59, for a total transaction of $1,315,237.35.
• On Friday, September 5th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $171.90, for a total transaction of $1,317,613.50.
• On Wednesday, September 3rd, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $171.14, for a total transaction of $1,311,788.10.

Atlassian Stock Performance

TEAM stock traded down $1.34 during mid-day trading on Monday, hitting $165.31. 2,298,747 shares of the company were exchanged, compared to its average volume of 2,373,383. The business has a 50 day simple moving average of $176.11 and a 200-day simple moving average of $197.55. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $43.37 billion, a PE ratio of -166.98 and a beta of 0.95. Atlassian Corporation PLC has a 1-year low of $155.37 and a 1-year high of $326.00.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings data on Thursday, August 7th. The technology company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.15. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.36 billion. Atlassian had a negative net margin of 4.92% and a negative return on equity of 14.77%. The business’s revenue for the quarter was up 22.3% compared to the same quarter last year. During the same period last year, the business posted $0.66 earnings per share. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, equities analysts forecast that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Capital One Financial downgraded shares of Atlassian from an “overweight” rating to an “equal weight” rating and set a $211.00 price objective for the company. in a research report on Wednesday, July 16th. Barclays dropped their price target on shares of Atlassian from $244.00 to $215.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Raymond James Financial dropped their price target on shares of Atlassian from $300.00 to $250.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. UBS Group reiterated a “hold” rating on shares of Atlassian in a research report on Monday, July 7th. Finally, Zacks Research upgraded shares of Atlassian from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $253.04.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its position in Atlassian by 37.7% during the first quarter. Farther Finance Advisors LLC now owns 369 shares of the technology company’s stock valued at $80,000 after purchasing an additional 101 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Atlassian by 42.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,240 shares of the technology company’s stock valued at $900,000 after purchasing an additional 1,259 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Atlassian by 350.1% during the first quarter. Principal Financial Group Inc. now owns 51,900 shares of the technology company’s stock worth $11,014,000 after buying an additional 40,369 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Atlassian by 47,387.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,799 shares of the technology company’s stock worth $822,000 after buying an additional 3,791 shares during the last quarter. Finally, Amalgamated Bank grew its stake in shares of Atlassian by 6.1% during the first quarter. Amalgamated Bank now owns 11,360 shares of the technology company’s stock worth $2,411,000 after buying an additional 650 shares during the last quarter. 94.45% of the stock is currently 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.