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

Atlassian Corporation PLC (NASDAQ:TEAM) Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction on Friday, October 31st. The shares were sold at an average price of $167.61, for a total value of $1,284,730.65. Following the completion of the sale, the director directly owned 314,265 shares of the company’s stock, valued at $52,673,956.65. The trade was a 2.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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 value of $1,324,435.35.
• 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 value 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 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 transaction 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 transaction of $1,205,551.20.
• 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.

Atlassian Stock Performance

NASDAQ:TEAM opened at $165.00 on Wednesday. The company has a fifty day simple moving average of $164.25 and a two-hundred day simple moving average of $187.30. The company has a market cap of $43.28 billion, a price-to-earnings ratio of -232.39, a price-to-earnings-growth ratio of 37.26 and a beta of 0.95. The company has a quick ratio of 1.22, a current ratio of 1.26 and a debt-to-equity ratio of 0.72. 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 quarterly earnings results on Thursday, October 30th. The technology company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.83 by $0.21. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.11%. The company’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.77 earnings per share. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. As a group, equities analysts anticipate that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Cowen reaffirmed a “hold” rating on shares of Atlassian in a report on Monday, October 27th. Sanford C. Bernstein decreased their price target on Atlassian from $296.00 to $290.00 and set an “outperform” rating for the company in a report on Friday. Wells Fargo & Company started coverage on Atlassian in a report on Tuesday, September 30th. They set an “overweight” rating and a $216.00 price target for the company. Canaccord Genuity Group reaffirmed a “buy” rating and set a $230.00 price target on shares of Atlassian in a report on Wednesday, October 22nd. Finally, Zacks Research downgraded Atlassian from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $239.44.

Hedge Funds Weigh In On Atlassian

Hedge funds have recently made changes to their positions in the company. Capco Asset Management LLC purchased a new position in shares of Atlassian during the second quarter worth about $25,000. Physician Wealth Advisors Inc. grew its holdings in shares of Atlassian by 60.4% during the third quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock worth $26,000 after purchasing an additional 61 shares during the last quarter. Smithfield Trust Co grew its holdings in shares of Atlassian by 90.7% during the first quarter. Smithfield Trust Co now owns 164 shares of the technology company’s stock worth $34,000 after purchasing an additional 78 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Atlassian by 447.2% during the first quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock worth $42,000 after purchasing an additional 161 shares during the last quarter. Finally, Atlantic Union Bankshares Corp grew its holdings in shares of Atlassian by 19,900.0% during the third quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company’s stock worth $32,000 after purchasing an additional 199 shares during the last quarter. Hedge funds and other institutional investors 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.