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 that occurred on Wednesday, October 8th. The shares were sold at an average price of $150.93, for a total transaction of $1,156,878.45. Following the sale, the director directly owned 436,905 shares in the company, valued at approximately $65,942,071.65. The trade was a 1.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Friday, October 10th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $145.85, for a total transaction of $1,117,940.25.
• On Monday, October 6th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were 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 shares were sold at an average price of $150.86, for a total value 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 value 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 value of $1,275,149.40.
• On Friday, September 26th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $165.26, for a total transaction of $1,266,717.90.
• On Wednesday, September 24th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $165.09, for a total transaction of $1,265,414.85.
• On Monday, September 22nd, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $170.20, for a total transaction of $1,304,583.00.
• On Friday, September 19th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $169.32, for a total transaction of $1,297,837.80.
• On Wednesday, September 17th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $173.56, for a total transaction of $1,330,337.40.

Atlassian Stock Performance

Shares of TEAM stock opened at $144.56 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.73. The firm has a fifty day moving average price of $167.04 and a 200 day moving average price of $192.79. The company has a market cap of $37.92 billion, a P/E ratio of -146.02 and a beta of 0.92. Atlassian Corporation PLC has a 12 month low of $144.32 and a 12 month high of $326.00.

Atlassian (NASDAQ:TEAM) last released 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. Atlassian had a negative net margin of 4.92% and a negative return on equity of 14.77%. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the firm posted $0.66 earnings per share. Atlassian’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. Sell-side analysts predict that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TEAM. Norges Bank purchased a new position in shares of Atlassian during the 2nd quarter worth approximately $377,794,000. Artisan Partners Limited Partnership increased its stake in shares of Atlassian by 66.3% during the 2nd quarter. Artisan Partners Limited Partnership now owns 3,878,133 shares of the technology company’s stock worth $787,610,000 after purchasing an additional 1,545,546 shares in the last quarter. Nuveen LLC purchased a new position in shares of Atlassian during the 1st quarter worth approximately $327,665,000. AQR Capital Management LLC increased its stake in shares of Atlassian by 145.6% during the 1st quarter. AQR Capital Management LLC now owns 1,715,287 shares of the technology company’s stock worth $354,858,000 after purchasing an additional 1,016,902 shares in the last quarter. Finally, DNB Asset Management AS increased its stake in shares of Atlassian by 2,676.8% during the 2nd quarter. DNB Asset Management AS now owns 765,678 shares of the technology company’s stock worth $155,502,000 after purchasing an additional 738,104 shares in the last quarter. 94.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TEAM has been the subject of a number of research reports. UBS Group reaffirmed a “hold” rating on shares of Atlassian in a report on Monday, July 7th. Truist Financial set a $230.00 price target on shares of Atlassian in a report on Friday, August 8th. Citigroup cut their price target on shares of Atlassian from $300.00 to $240.00 and set a “buy” rating for the company in a report on Monday, August 18th. Stephens cut their price target on shares of Atlassian from $221.00 to $202.00 and set an “equal weight” rating for the company in a report on Monday, August 11th. Finally, Wall Street Zen raised shares of Atlassian from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently 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.