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

Atlassian Corporation PLC (NASDAQ:TEAM) Director Scott Farquhar sold 7,665 shares of the business’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $160.41, for a total value of $1,229,542.65. Following the transaction, the director directly owned 329,595 shares of the company’s stock, valued at $52,870,333.95. The trade was a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, October 27th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $165.03, for a total transaction of $1,264,954.95.
• On Friday, October 24th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $164.50, for a total transaction of $1,260,892.50.
• On Wednesday, October 22nd, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $169.16, for a total transaction 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 value of $1,205,551.20.
• On Wednesday, October 15th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $151.83, for a total value of $1,163,776.95.
• On Monday, October 13th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $147.81, for a total value of $1,132,963.65.
• 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 value of $1,117,940.25.
• On Wednesday, October 8th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $150.93, for a total transaction of $1,156,878.45.
• 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.

Atlassian Stock Performance

NASDAQ TEAM opened at $160.67 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.22 and a quick ratio of 1.22. Atlassian Corporation PLC has a 1 year low of $144.32 and a 1 year high of $326.00. The company has a market capitalization of $42.15 billion, a PE ratio of -162.29 and a beta of 0.92. The company has a fifty day moving average of $164.12 and a two-hundred day moving average of $188.23.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings data on Thursday, October 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.21. Atlassian had a negative net margin of 4.92% and a negative return on equity of 14.77%. The firm’s revenue was up 20.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.77 earnings per share. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. As a group, analysts expect that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Capco Asset Management LLC acquired a new position in Atlassian during the second quarter worth about $25,000. Smithfield Trust Co raised its position in 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 acquiring an additional 78 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of Atlassian by 447.2% during the 1st 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. First Horizon Advisors Inc. raised its position in shares of Atlassian by 25.9% during the 1st quarter. First Horizon Advisors Inc. now owns 267 shares of the technology company’s stock worth $57,000 after purchasing an additional 55 shares during the last quarter. Finally, State of Wyoming raised its position in shares of Atlassian by 20.3% during the 1st quarter. State of Wyoming now owns 278 shares of the technology company’s stock worth $59,000 after purchasing an additional 47 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Analyst Upgrades and Downgrades

TEAM has been the subject of several recent research reports. Canaccord Genuity Group reiterated a “buy” rating and set a $230.00 target price on shares of Atlassian in a research note on Wednesday, October 22nd. UBS Group decreased their price objective on Atlassian from $215.00 to $185.00 and set a “neutral” rating for the company in a research report on Friday, October 24th. KeyCorp decreased their price objective on Atlassian from $250.00 to $210.00 and set an “overweight” rating for the company in a research report on Thursday, October 23rd. BMO Capital Markets decreased their price target on Atlassian from $200.00 to $190.00 and set an “outperform” rating for the company in a report on Friday, October 24th. Finally, Cowen reiterated a “hold” rating on shares of Atlassian in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Atlassian currently has a consensus rating of “Moderate Buy” and a consensus price target of $243.58.

About Atlassian

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.