Insider Selling: Atlassian (NASDAQ:TEAM) Director Sells 7,665 Shares of Stock

Atlassian Corporation PLC (NASDAQ:TEAM) Director Scott Farquhar sold 7,665 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $166.30, for a total transaction of $1,274,689.50. Following the completion of the sale, the director directly owned 214,620 shares in the company, valued at $35,691,306. This represents a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Thursday, August 14th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $163.26, for a total transaction of $1,251,387.90.
• On Monday, August 11th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $163.51, for a total transaction of $1,253,304.15.
• On Friday, August 8th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $171.03, for a total transaction of $1,310,944.95.
• On Wednesday, August 6th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $185.81, for a total transaction of $1,424,233.65.
• On Monday, August 4th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $185.43, for a total transaction of $1,421,320.95.
• On Friday, August 1st, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $184.43, for a total transaction of $1,413,655.95.
• On Wednesday, July 30th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $197.88, for a total transaction of $1,516,750.20.
• On Monday, July 28th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $202.05, for a total transaction of $1,548,713.25.
• On Friday, July 25th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $202.55, for a total transaction of $1,552,545.75.
• On Wednesday, July 23rd, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $202.78, for a total transaction of $1,554,308.70.

Atlassian Trading Down 1.2%

NASDAQ TEAM opened at $164.59 on Friday. The company’s fifty day simple moving average is $191.19 and its 200-day simple moving average is $219.12. Atlassian Corporation PLC has a 52 week low of $154.07 and a 52 week high of $326.00. The company has a current ratio of 1.22, a quick ratio of 1.26 and a debt-to-equity ratio of 0.73. The stock has a market cap of $43.21 billion, a P/E ratio of -166.25 and a beta of 0.96.

Atlassian (NASDAQ:TEAM) last posted its earnings results on Thursday, August 7th. The technology company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the previous year, the company posted $0.66 earnings per share. The business’s revenue for the quarter was up 22.3% compared to the same quarter last year. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Equities research analysts predict that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Hedge Funds Weigh In On Atlassian

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Atlassian by 2.6% during the second quarter. Vanguard Group Inc. now owns 17,430,078 shares of the technology company’s stock valued at $3,539,875,000 after acquiring an additional 436,541 shares during the period. Baillie Gifford & Co. boosted its holdings 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 during the period. Artisan Partners Limited Partnership boosted its holdings 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 during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Atlassian by 21.8% during 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 acquiring an additional 616,071 shares during the period. Finally, Voya Investment Management LLC boosted its holdings in shares of Atlassian by 24.1% during the first quarter. Voya Investment Management LLC now owns 2,695,889 shares of the technology company’s stock valued at $571,894,000 after acquiring an additional 523,035 shares during the period. Institutional investors and hedge funds own 94.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TEAM shares. Piper Sandler restated an “overweight” rating and issued a $300.00 price target (down previously from $365.00) on shares of Atlassian in a research note on Friday, May 2nd. Capital One Financial lowered shares of Atlassian from an “overweight” rating to an “equal weight” rating and set a $211.00 price target for the company. in a research note on Wednesday, July 16th. BMO Capital Markets dropped their price target on shares of Atlassian from $225.00 to $200.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. Mizuho lowered their target price on shares of Atlassian from $265.00 to $235.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. Finally, Macquarie lowered their target price on shares of Atlassian from $270.00 to $250.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $256.90.

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.