Insider Selling: Atlassian (NASDAQ:TEAM) Director Sells 7,665 Shares of Stock

Atlassian Corporation PLC (NASDAQ:TEAM) Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $171.90, for a total value of $1,317,613.50. Following the sale, the director directly owned 130,305 shares in the company, valued at approximately $22,399,429.50. This trade represents a 5.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• 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 value of $1,315,237.35.
• On Wednesday, September 3rd, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $171.14, for a total value of $1,311,788.10.
• On Friday, August 29th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $177.83, for a total value of $1,363,066.95.
• On Wednesday, August 27th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $171.13, for a total transaction of $1,311,711.45.
• On Monday, August 25th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $169.40, for a total transaction of $1,298,451.00.
• On Friday, August 22nd, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $169.73, for a total transaction of $1,300,980.45.
• On Wednesday, August 20th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $166.30, for a total transaction of $1,274,689.50.
• On Thursday, August 14th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $163.26, for a total transaction of $1,251,387.90.
• On Monday, August 11th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $163.51, for a total transaction of $1,253,304.15.
• On Friday, August 8th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $171.03, for a total transaction of $1,310,944.95.

Atlassian Trading Down 4.4%

Atlassian stock opened at $174.32 on Thursday. The firm has a 50 day simple moving average of $183.87 and a 200-day simple moving average of $205.66. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market capitalization of $45.73 billion, a PE ratio of -176.08 and a beta of 0.95. Atlassian Corporation PLC has a 12-month low of $154.07 and a 12-month high of $326.00.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.15. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations 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 was up 22.3% on a year-over-year basis. During the same period last year, the firm posted $0.66 earnings per share. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, equities research analysts expect that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on TEAM shares. Wall Street Zen downgraded shares of Atlassian from a “buy” rating to a “hold” rating in a report on Friday, September 5th. Truist Financial set a $230.00 target price on shares of Atlassian in a report on Friday, August 8th. Capital One Financial downgraded shares of Atlassian from an “overweight” rating to an “equal weight” rating and set a $211.00 target price on the stock. in a report on Wednesday, July 16th. Barclays dropped their target price on shares of Atlassian from $244.00 to $215.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Finally, Stephens dropped their target price on shares of Atlassian from $221.00 to $202.00 and set an “equal weight” rating on the stock in a report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Atlassian presently has an average rating of “Moderate Buy” and an average target price of $256.90.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Clean Yield Group boosted its holdings in shares of Atlassian by 372.0% in the first quarter. Clean Yield Group now owns 118 shares of the technology company’s stock worth $25,000 after buying an additional 93 shares during the period. Capco Asset Management LLC acquired a new position in shares of Atlassian in the 2nd quarter valued at about $25,000. Colonial Trust Co SC increased its holdings in shares of Atlassian by 100.0% in the 4th quarter. Colonial Trust Co SC now owns 138 shares of the technology company’s stock valued at $34,000 after purchasing an additional 69 shares during the period. Smithfield Trust Co increased its holdings in shares of Atlassian by 90.7% in the 1st quarter. Smithfield Trust Co now owns 164 shares of the technology company’s stock valued at $34,000 after purchasing an additional 78 shares during the period. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Atlassian by 447.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock valued at $42,000 after purchasing an additional 161 shares during the period. 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.