Insider Selling: Atlassian (NASDAQ:TEAM) Director Sells $892,206.00 in Stock

Atlassian Corporation PLC (NASDAQ:TEAM) Director Scott Farquhar sold 7,665 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $116.40, for a total value of $892,206.00. Following the transaction, the director directly owned 298,935 shares in the company, valued at approximately $34,796,034. The trade was a 2.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, February 4th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $105.14, for a total value of $805,898.10.
• On Friday, January 30th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $119.15, for a total transaction of $913,284.75.
• On Wednesday, January 28th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $135.44, for a total transaction of $1,038,147.60.
• On Monday, January 26th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $136.93, for a total transaction of $1,049,568.45.
• On Thursday, January 22nd, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $126.11, for a total transaction of $966,633.15.
• On Tuesday, January 20th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $118.19, for a total transaction of $905,926.35.
• On Friday, January 16th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $120.82, for a total value of $926,085.30.
• On Wednesday, January 14th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $133.66, for a total value of $1,024,503.90.
• On Monday, January 12th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $147.15, for a total value of $1,127,904.75.
• On Friday, January 9th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $145.91, for a total value of $1,118,400.15.

Atlassian Trading Down 6.3%

Shares of NASDAQ:TEAM opened at $98.41 on Friday. The stock’s 50-day simple moving average is $145.60 and its two-hundred day simple moving average is $159.15. The stock has a market capitalization of $25.89 billion, a price-to-earnings ratio of -138.60, a PEG ratio of 16.27 and a beta of 0.88. Atlassian Corporation PLC has a 52-week low of $97.93 and a 52-week high of $326.00. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.26 and a current ratio of 1.26.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. TD Cowen dropped their price target on shares of Atlassian from $205.00 to $175.00 and set a “hold” rating on the stock in a research note on Tuesday, January 20th. Cantor Fitzgerald decreased their target price on Atlassian from $240.00 to $146.00 and set an “overweight” rating on the stock in a report on Wednesday. UBS Group set a $145.00 target price on Atlassian in a research report on Tuesday, January 27th. Canaccord Genuity Group restated a “buy” rating and issued a $230.00 price target on shares of Atlassian in a research report on Wednesday, October 22nd. Finally, BTIG Research reaffirmed a “buy” rating and issued a $220.00 price objective on shares of Atlassian in a research note on Tuesday, January 13th. Twenty equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $221.44.

Hedge Funds Weigh In On Atlassian

Several large investors have recently made changes to their positions in TEAM. Capco Asset Management LLC bought a new stake in Atlassian during the 2nd quarter valued at approximately $25,000. Physician Wealth Advisors Inc. raised its position 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 valued at $26,000 after buying an additional 61 shares during the last quarter. Atlantic Union Bankshares Corp lifted its holdings in shares of Atlassian by 19,900.0% in the third quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company’s stock worth $32,000 after buying an additional 199 shares in the last quarter. Board of the Pension Protection Fund purchased a new position in shares of Atlassian in the fourth quarter worth $32,000. Finally, Bogart Wealth LLC boosted its position in shares of Atlassian by 76.4% during the fourth quarter. Bogart Wealth LLC now owns 217 shares of the technology company’s stock worth $35,000 after acquiring an additional 94 shares during the last quarter. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

Atlassian News Summary

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Company raised near‑term and full‑year revenue guidance (Q3 revenue guided ~ $1.7B vs. consensus ~$1.6B; FY26 revenue guided ~ $6.4B vs. consensus ~$6.3B), signaling resilient enterprise demand and AI-driven spend. Atlassian raises annual revenue forecast
• Positive Sentiment: Q2 results beat expectations — EPS $1.22 vs. consensus $1.12 — showing improved profitability per share even as margins remain under pressure. Atlassian (TEAM) Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Atlassian is promoting AI integration via high‑profile partnerships (Williams F1 / Anthropic Claude), which supports the company’s enterprise AI story and potential product tie‑ins. Atlassian Uses Williams F1 AI Deal
• Neutral Sentiment: Marketing and brand visibility from the Williams F1 sponsorship (new livery, ads) raise the company’s profile but are unlikely to move fundamentals by themselves. Atlassian Williams F1 Team reveals bold new racing livery for 2026
• Negative Sentiment: Repeated insider selling from CEO Michael Cannon‑Brookes and co‑founder/director Scott Farquhar (multiple ~7,665‑share blocks disclosed) is creating investor concern about insider conviction and is adding near‑term selling pressure. SEC filing — CEO sale SEC filing — Director sale
• Negative Sentiment: Analysts trimmed price targets this week (e.g., Cantor Fitzgerald to $146; BMO to $135), which pressures sentiment despite some firms keeping constructive ratings. Cantor Fitzgerald price target BMO price target note
• Negative Sentiment: Broader software/AI sector volatility and recent headlines about disruptive AI offerings have made investors skittish, amplifying downside when company‑specific negatives occur. Software sector volatility from AI fears

Atlassian Company Profile

Atlassian Corporation Plc is a software company headquartered in Sydney, Australia, best known for developing collaboration, project management and software development tools. Founded in 2002 by Mike Cannon-Brookes and Scott Farquhar, Atlassian grew from a small engineering-focused team into a publicly traded company after its initial public offering in 2015. The company serves a global customer base that spans small teams to large enterprises across technology, financial services, government and other sectors.

Atlassian’s product portfolio centers on tools designed to help teams plan, build and support software and business processes.