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

Atlassian Corporation PLC (NASDAQ:TEAMGet Free Report) Director Scott Farquhar sold 7,665 shares of the company’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $148.29, for a total transaction of $1,136,642.85. Following the sale, the director directly owned 176,295 shares in the company, valued at $26,142,785.55. This trade represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

  • On Monday, November 24th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $146.62, for a total transaction of $1,123,842.30.
  • On Friday, November 21st, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $144.02, for a total transaction of $1,103,913.30.
  • On Wednesday, November 19th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $147.63, for a total transaction of $1,131,583.95.
  • On Monday, November 17th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $147.41, for a total value of $1,129,897.65.
  • On Thursday, November 13th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $153.77, for a total value of $1,178,647.05.
  • On Monday, November 10th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $158.00, for a total value of $1,211,070.00.
  • 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 transaction of $1,324,435.35.
  • On Friday, October 31st, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $167.61, for a total transaction of $1,284,730.65.

Atlassian Price Performance

Shares of TEAM opened at $148.03 on Thursday. The company’s 50-day moving average is $157.04 and its 200-day moving average is $180.46. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market capitalization of $38.95 billion, a PE ratio of -208.49, a PEG ratio of 28.11 and a beta of 0.95. Atlassian Corporation PLC has a fifty-two week low of $139.70 and a fifty-two week high of $326.00.

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on TEAM shares. Guggenheim started coverage on Atlassian in a research note on Thursday, September 11th. They set a “buy” rating and a $225.00 target price on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $260.00 price objective on shares of Atlassian in a report on Friday, October 31st. Canaccord Genuity Group reiterated a “buy” rating and set a $230.00 price objective on shares of Atlassian in a research report on Wednesday, October 22nd. KeyCorp reduced their target price on shares of Atlassian from $250.00 to $210.00 and set an “overweight” rating for the company in a research report on Thursday, October 23rd. Finally, Truist Financial set a $210.00 price target on shares of Atlassian in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $240.00.

View Our Latest Analysis on Atlassian

Hedge Funds Weigh In On Atlassian

Several hedge funds have recently bought and sold shares of the company. DNB Asset Management AS lifted its holdings in shares of Atlassian by 266.6% during the 3rd quarter. DNB Asset Management AS now owns 2,806,888 shares of the technology company’s stock worth $448,260,000 after acquiring an additional 2,041,210 shares during the period. Norges Bank bought a new position in Atlassian in the second quarter valued at approximately $377,794,000. Artisan Partners Limited Partnership raised its position in Atlassian by 66.3% during the second quarter. Artisan Partners Limited Partnership now owns 3,878,133 shares of the technology company’s stock valued at $787,610,000 after purchasing an additional 1,545,546 shares in the last quarter. Nuveen LLC bought a new stake in Atlassian during the first quarter worth $327,665,000. Finally, Vanguard Group Inc. lifted its stake in Atlassian by 6.0% during the third quarter. Vanguard Group Inc. now owns 18,479,561 shares of the technology company’s stock worth $2,951,186,000 after purchasing an additional 1,049,483 shares during the last quarter. 94.45% of the stock is owned by institutional investors.

Atlassian Company Profile

(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.

Further Reading

Insider Buying and Selling by Quarter for Atlassian (NASDAQ:TEAM)

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