Insider Selling: Atlassian (NASDAQ:TEAM) Director Sells $1,211,070.00 in Stock

Atlassian Corporation PLC (NASDAQ:TEAM) Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $158.00, for a total value of $1,211,070.00. Following the sale, the director directly owned 260,610 shares in the company, valued at $41,176,380. This trade represents a 2.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• 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 transaction of $1,246,788.90.
• On Monday, November 3rd, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $172.79, for a total transaction 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 transaction 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 transaction of $1,229,542.65.
• 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 shares were 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 value 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 value of $1,159,024.65.
• On Monday, October 20th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $157.28, for a total value of $1,205,551.20.

Atlassian Stock Performance

NASDAQ:TEAM opened at $155.50 on Thursday. The company has a market cap of $40.91 billion, a price-to-earnings ratio of -219.01, a PEG ratio of 37.36 and a beta of 0.95. Atlassian Corporation PLC has a 1 year low of $144.32 and a 1 year high of $326.00. The stock’s 50 day simple moving average is $162.26 and its two-hundred day simple moving average is $185.23. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.26 and a quick ratio of 1.26.

Atlassian (NASDAQ:TEAM) last posted its 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. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.40 billion. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.11%. Atlassian’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same period last year, the firm posted $0.77 earnings per share. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. As a group, equities analysts anticipate that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Atlassian by 6.0% in the 3rd quarter. Vanguard Group Inc. now owns 18,479,561 shares of the technology company’s stock valued at $2,951,186,000 after buying an additional 1,049,483 shares during the period. Baillie Gifford & Co. raised its stake in shares of Atlassian by 7.1% during the first quarter. Baillie Gifford & Co. now owns 8,694,755 shares of the technology company’s stock valued at $1,845,114,000 after acquiring an additional 573,696 shares in the last quarter. Artisan Partners Limited Partnership raised its stake 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 valued at $787,610,000 after acquiring an additional 1,545,546 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Atlassian by 21.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,440,813 shares of the technology company’s stock valued at $730,175,000 after purchasing an additional 616,071 shares during the period. Finally, DNB Asset Management AS grew its stake in Atlassian by 266.6% in the third 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 in the last quarter. 94.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TEAM has been the subject of a number of analyst reports. Raymond James Financial lowered their price target on shares of Atlassian from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Friday, August 8th. Bank of America initiated coverage on Atlassian in a research report on Tuesday, September 23rd. They set a “neutral” rating and a $200.00 price objective on the stock. Oppenheimer dropped their target price on Atlassian from $300.00 to $275.00 and set an “outperform” rating for the company in a report on Monday, July 21st. Macquarie decreased their price target on Atlassian from $250.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. Finally, Robert W. Baird set a $230.00 price target on Atlassian in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, nine have assigned 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 $239.44.

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.