Atlassian (NASDAQ:TEAM) Director Sells $1,129,897.65 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 17th. The shares were sold at an average price of $147.41, for a total value of $1,129,897.65. Following the completion of the sale, the director directly owned 229,950 shares in the company, valued at $33,896,929.50. This represents a 3.23% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through 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 value 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 value of $1,211,070.00.
• 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 value 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 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 shares were 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 transaction of $1,296,611.40.

Atlassian Price Performance

Shares of NASDAQ:TEAM traded up $2.73 during trading on Tuesday, hitting $148.75. 2,560,968 shares of the stock were exchanged, compared to its average volume of 2,505,518. The company has a market cap of $39.14 billion, a PE ratio of -209.50, a P/E/G ratio of 36.00 and a beta of 0.95. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.72. The company has a fifty day moving average price of $160.32 and a two-hundred day moving average price of $182.84. Atlassian Corporation PLC has a 12-month low of $144.32 and a 12-month high of $326.00.

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

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Canaccord Genuity Group restated a “buy” rating and set a $230.00 target price on shares of Atlassian in a report on Wednesday, October 22nd. Piper Sandler reiterated an “overweight” rating and issued a $300.00 price target on shares of Atlassian in a research report on Friday, October 31st. Truist Financial set a $210.00 price objective on Atlassian in a research report on Friday, October 31st. Guggenheim began coverage on Atlassian in a research note on Thursday, September 11th. They issued a “buy” rating and a $225.00 target price on the stock. Finally, Sanford C. Bernstein raised their price target on Atlassian from $290.00 to $304.00 and gave the stock an “outperform” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $240.00.

Institutional Investors Weigh In On Atlassian

A number of institutional investors have recently added to or reduced their stakes in TEAM. One Wealth Advisors LLC raised its stake in shares of Atlassian by 56.7% in the 2nd quarter. One Wealth Advisors LLC now owns 4,436 shares of the technology company’s stock valued at $901,000 after acquiring an additional 1,606 shares during the period. Allianz Asset Management GmbH boosted its position in Atlassian by 28.6% during the 2nd quarter. Allianz Asset Management GmbH now owns 102,194 shares of the technology company’s stock worth $20,755,000 after purchasing an additional 22,701 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its holdings in Atlassian by 3.7% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 258,299 shares of the technology company’s stock valued at $52,458,000 after purchasing an additional 9,274 shares in the last quarter. Machina Capital S.A.S. raised its position in Atlassian by 203.0% in the second quarter. Machina Capital S.A.S. now owns 9,376 shares of the technology company’s stock valued at $1,904,000 after purchasing an additional 6,282 shares during the period. Finally, Nicholas Company Inc. raised its position in Atlassian by 10.0% in the second quarter. Nicholas Company Inc. now owns 227,789 shares of the technology company’s stock valued at $46,262,000 after purchasing an additional 20,635 shares during the period. Hedge funds and other institutional investors own 94.45% of the company’s stock.

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.