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

Atlassian Corporation PLC (NASDAQ:TEAM) Director Scott Farquhar sold 7,665 shares of the stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $157.28, for a total transaction of $1,205,551.20. Following the completion of the transaction, the director directly owned 383,250 shares of the company’s stock, valued at approximately $60,277,560. The trade was a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 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 transaction 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.
• 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 transaction 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 transaction of $1,156,878.45.
• On Monday, October 6th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $150.75, for a total transaction of $1,155,498.75.
• On Friday, October 3rd, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $150.86, for a total transaction of $1,156,341.90.
• On Wednesday, October 1st, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $152.50, for a total transaction of $1,168,912.50.
• On Monday, September 29th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $166.36, for a total transaction of $1,275,149.40.
• On Friday, September 26th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $165.26, for a total transaction of $1,266,717.90.

Atlassian Price Performance

Shares of NASDAQ TEAM opened at $158.79 on Tuesday. Atlassian Corporation PLC has a fifty-two week low of $144.32 and a fifty-two week high of $326.00. The company has a 50 day simple moving average of $164.27 and a two-hundred day simple moving average of $189.94. The company has a market capitalization of $41.66 billion, a price-to-earnings ratio of -160.39 and a beta of 0.92. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.22 and a current ratio of 1.22.

Atlassian (NASDAQ:TEAM) last announced its earnings results on Thursday, August 7th. The technology company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Atlassian had a negative net margin of 4.92% and a negative return on equity of 14.77%. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the firm earned $0.66 earnings per share. The business’s revenue for the quarter was up 22.3% on a year-over-year basis. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Analysts expect that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Institutional Trading of Atlassian

Several large investors have recently modified their holdings of the company. VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in shares of Atlassian by 54.3% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 46,015 shares of the technology company’s stock worth $7,349,000 after acquiring an additional 16,200 shares during the period. Abacus FCF Advisors LLC grew its holdings in shares of Atlassian by 32.2% in the third quarter. Abacus FCF Advisors LLC now owns 97,727 shares of the technology company’s stock worth $15,607,000 after acquiring an additional 23,790 shares during the period. Perigon Wealth Management LLC grew its holdings in shares of Atlassian by 12.8% in the third quarter. Perigon Wealth Management LLC now owns 9,103 shares of the technology company’s stock worth $1,454,000 after acquiring an additional 1,036 shares during the period. Castle Rock Wealth Management LLC grew its holdings in shares of Atlassian by 2.8% in the third quarter. Castle Rock Wealth Management LLC now owns 7,107 shares of the technology company’s stock worth $1,071,000 after acquiring an additional 196 shares during the period. Finally, Polianta Ltd grew its holdings in shares of Atlassian by 23.5% in the third quarter. Polianta Ltd now owns 6,300 shares of the technology company’s stock worth $1,006,000 after acquiring an additional 1,200 shares during the period. Institutional investors own 94.45% of the company’s stock.

Wall Street Analyst Weigh In

TEAM has been the subject of a number of analyst reports. Guggenheim initiated coverage on shares of Atlassian in a research note on Thursday, September 11th. They set a “buy” rating and a $225.00 target price for the company. UBS Group reiterated a “hold” rating on shares of Atlassian in a report on Monday, July 7th. Bank of America began coverage on shares of Atlassian in a report on Tuesday, September 23rd. They set a “neutral” rating and a $200.00 price target on the stock. KeyCorp cut their price target on shares of Atlassian from $275.00 to $250.00 and set an “overweight” rating on the stock in a report on Thursday, July 17th. Finally, Zacks Research cut shares of Atlassian from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $248.74.

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.