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 business’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $158.00, for a total transaction of $1,211,070.00. Following the sale, the director directly owned 268,275 shares of the company’s stock, valued at approximately $42,387,450. The trade was a 2.78% 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 Friday, November 7th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $155.58, for a total transaction of $1,192,520.70.
• On Wednesday, November 5th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was 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 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 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 value 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 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 Price Performance

TEAM traded up $1.30 during trading hours on Monday, hitting $159.13. The company’s stock had a trading volume of 2,392,267 shares, compared to its average volume of 2,500,841. The stock has a market cap of $41.87 billion, a price-to-earnings ratio of -224.12, a P/E/G ratio of 37.43 and a beta of 0.95. The business’s 50-day moving average price is $162.86 and its 200-day moving average price is $185.94. 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 Corporation PLC has a 12 month low of $144.32 and a 12 month high of $326.00.

Atlassian (NASDAQ:TEAM) last posted its earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share for the quarter, topping 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 firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the firm posted $0.77 EPS. The business’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. Sell-side analysts expect that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Atlassian

A number of large investors have recently bought and sold shares of TEAM. Principal Financial Group Inc. increased its holdings in shares of Atlassian by 350.1% in the 1st quarter. Principal Financial Group Inc. now owns 51,900 shares of the technology company’s stock valued at $11,014,000 after acquiring an additional 40,369 shares during the period. Alps Advisors Inc. boosted its position in Atlassian by 18.5% during the first quarter. Alps Advisors Inc. now owns 8,320 shares of the technology company’s stock valued at $1,766,000 after purchasing an additional 1,298 shares in the last quarter. Cerity Partners LLC grew its stake in Atlassian by 73.4% in the first quarter. Cerity Partners LLC now owns 36,664 shares of the technology company’s stock valued at $7,780,000 after purchasing an additional 15,516 shares during the last quarter. Xponance Inc. raised its holdings in Atlassian by 3.1% in the first quarter. Xponance Inc. now owns 30,929 shares of the technology company’s stock worth $6,563,000 after purchasing an additional 943 shares in the last quarter. Finally, Ballentine Partners LLC purchased a new stake in shares of Atlassian during the first quarter valued at about $212,000. Institutional investors own 94.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TEAM. Robert W. Baird set a $230.00 target price on Atlassian in a report on Friday, October 31st. UBS Group dropped their price objective on shares of Atlassian from $215.00 to $185.00 and set a “neutral” rating for the company in a research note on Friday, October 24th. TD Cowen cut their price objective 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. Canaccord Genuity Group restated a “buy” rating and issued a $230.00 target price on shares of Atlassian in a report on Wednesday, October 22nd. Finally, Oppenheimer cut their price target on shares of Atlassian from $300.00 to $275.00 and set an “outperform” rating on the stock in a report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $239.44.

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.