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

Atlassian Corporation PLC (NASDAQ:TEAM) Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $147.41, for a total transaction of $1,129,897.65. Following the completion of the sale, the director owned 229,950 shares in the company, valued at approximately $33,896,929.50. This trade represents a 3.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, November 13th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $153.77, for a total transaction of $1,178,647.05.
• On Monday, November 10th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $158.00, for a total transaction 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 shares were sold at an average price of $172.79, for a total value of $1,324,435.35.
• On Friday, October 31st, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $167.61, for a total value of $1,284,730.65.
• On Wednesday, October 29th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $160.41, for a total value of $1,229,542.65.
• On Monday, October 27th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $165.03, for a total value 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 shares were sold at an average price of $169.16, for a total transaction of $1,296,611.40.

Atlassian Stock Performance

NASDAQ:TEAM opened at $148.75 on Wednesday. The company has a market cap of $39.14 billion, a P/E ratio of -209.50, a P/E/G ratio of 34.63 and a beta of 0.95. Atlassian Corporation PLC has a twelve month low of $144.32 and a twelve month high of $326.00. The company’s 50-day moving average price is $160.32 and its 200-day moving average price is $182.84. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.72.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings data on Thursday, October 30th. The technology company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.21. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.11%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the prior year, the firm earned $0.77 EPS. Atlassian’s quarterly revenue was up 20.6% on a year-over-year basis. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. On average, sell-side analysts forecast that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TEAM. Citigroup reiterated a “buy” rating on shares of Atlassian in a research report on Wednesday, October 22nd. Mizuho boosted their price target on shares of Atlassian from $235.00 to $245.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Macquarie dropped their price objective on shares of Atlassian from $250.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Canaccord Genuity Group reaffirmed a “buy” rating and set a $230.00 target price on shares of Atlassian in a research note on Wednesday, October 22nd. Finally, Raymond James Financial decreased their target price on shares of Atlassian from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Atlassian has a consensus rating of “Moderate Buy” and a consensus price target of $240.00.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of TEAM. Larson Financial Group LLC raised its stake in shares of Atlassian by 458.3% in the 1st quarter. Larson Financial Group LLC now owns 469 shares of the technology company’s stock valued at $100,000 after acquiring an additional 385 shares during the period. Victory Capital Management Inc. raised its position in Atlassian by 4.1% in the first quarter. Victory Capital Management Inc. now owns 125,784 shares of the technology company’s stock valued at $26,693,000 after purchasing an additional 4,903 shares during the period. Diversify Advisory Services LLC acquired a new position in Atlassian during the first quarter worth $266,000. Kestra Private Wealth Services LLC boosted its position in shares of Atlassian by 28.2% during the first quarter. Kestra Private Wealth Services LLC now owns 6,099 shares of the technology company’s stock worth $1,294,000 after buying an additional 1,340 shares during the period. Finally, OneAscent Financial Services LLC acquired a new stake in shares of Atlassian in the first quarter valued at $890,000. Institutional investors and hedge funds own 94.45% of the company’s stock.

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.