Atlassian (NASDAQ:TEAM) Sets New 1-Year Low After Insider Selling

Atlassian Corporation PLC (NASDAQ:TEAM)’s stock price reached a new 52-week low on Thursday after an insider sold shares in the company. The stock traded as low as $144.27 and last traded at $143.6050, with a volume of 867778 shares traded. The stock had previously closed at $146.51.

Specifically, Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $147.63, for a total transaction of $1,131,583.95. Following the completion of the transaction, the director owned 206,955 shares in the company, valued at approximately $30,552,766.65. The trade was a 3.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $147.63, for a total value of $1,131,583.95. Following the completion of the sale, the chief executive officer directly owned 206,955 shares in the company, valued at approximately $30,552,766.65. The trade was a 3.57% decrease in their position. The SEC filing for this sale provides additional information. In other Atlassian news, CRO Brian Duffy sold 1,940 shares of the business’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $147.46, for a total value of $286,072.40. Following the completion of the transaction, the executive directly owned 126,536 shares in the company, valued at approximately $18,658,998.56. The trade was a 1.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TEAM. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Atlassian in a research report on Wednesday, October 8th. Barclays reduced their price objective on Atlassian from $244.00 to $215.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. Guggenheim started coverage on shares of Atlassian in a research report on Thursday, September 11th. They set a “buy” rating and a $225.00 target price for the company. TD Cowen reduced their price target on shares of Atlassian from $220.00 to $205.00 and set a “hold” rating on the stock in a research report on Monday, October 27th. Finally, Truist Financial set a $210.00 price objective on shares of Atlassian in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $240.00.

Atlassian Price Performance

The business’s 50 day moving average price is $158.53 and its 200-day moving average price is $181.89. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.72. The company has a market cap of $38.49 billion, a PE ratio of -206.03, a price-to-earnings-growth ratio of 34.16 and a beta of 0.95.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share 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 business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period last year, the business earned $0.77 EPS. The business’s 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. As a group, analysts forecast that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Institutional Trading of Atlassian

Hedge funds and other institutional investors have recently modified their holdings of the business. DNB Asset Management AS increased its holdings in Atlassian by 266.6% during the 3rd quarter. DNB Asset Management AS now owns 2,806,888 shares of the technology company’s stock worth $448,260,000 after purchasing an additional 2,041,210 shares during the last quarter. Norges Bank acquired a new stake in shares of Atlassian during the second quarter worth approximately $377,794,000. Artisan Partners Limited Partnership grew its position in shares of Atlassian by 66.3% during the second quarter. Artisan Partners Limited Partnership now owns 3,878,133 shares of the technology company’s stock worth $787,610,000 after buying an additional 1,545,546 shares in the last quarter. Nuveen LLC bought a new stake in shares of Atlassian in the first quarter worth $327,665,000. Finally, Vanguard Group Inc. raised its holdings in Atlassian by 6.0% in the third quarter. Vanguard Group Inc. now owns 18,479,561 shares of the technology company’s stock valued at $2,951,186,000 after acquiring an additional 1,049,483 shares in the last quarter. 94.45% of the stock is owned by hedge funds and other institutional investors.

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.