Atlassian (NASDAQ:TEAM) Director Sells $1,123,842.30 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 24th. The shares were sold at an average price of $146.62, for a total transaction of $1,123,842.30. Following the sale, the director directly owned 191,625 shares in the company, valued at $28,096,057.50. This trade represents a 3.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, November 21st, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $144.02, for a total transaction of $1,103,913.30.
• On Wednesday, November 19th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $147.63, for a total transaction of $1,131,583.95.
• On Monday, November 17th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $147.41, for a total transaction of $1,129,897.65.
• On Thursday, November 13th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were 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 stock was 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 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 value 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 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 stock was sold at an average price of $160.41, for a total transaction of $1,229,542.65.

Atlassian Trading Up 1.8%

NASDAQ TEAM traded up $2.59 on Tuesday, hitting $149.04. The company’s stock had a trading volume of 2,527,852 shares, compared to its average volume of 2,514,477. The firm has a market cap of $39.21 billion, a PE ratio of -209.91, a PEG ratio of 34.69 and a beta of 0.95. The company’s 50-day moving average is $157.99 and its 200 day moving average is $181.10. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.72. Atlassian Corporation PLC has a 1-year low of $139.70 and a 1-year high of $326.00.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings data on Thursday, October 30th. The technology company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.21. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous 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, analysts predict that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TEAM has been the topic of several analyst reports. Sanford C. Bernstein upped their target price on Atlassian from $290.00 to $304.00 and gave the company an “outperform” rating in a report on Tuesday, November 18th. Stephens dropped their price target on shares of Atlassian from $221.00 to $202.00 and set an “equal weight” rating on the stock in a research report on Monday, August 11th. The Goldman Sachs Group reiterated a “buy” rating and set a $260.00 price objective on shares of Atlassian in a research report on Friday, October 31st. Weiss Ratings restated a “sell (e+)” rating on shares of Atlassian in a report on Wednesday, October 8th. Finally, KeyCorp lowered their price objective on Atlassian from $250.00 to $210.00 and set an “overweight” rating for the company in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Atlassian currently has a consensus rating of “Moderate Buy” and an average price target of $240.00.

Hedge Funds Weigh In On Atlassian

Several institutional investors have recently made changes to their positions in TEAM. CIBC Bancorp USA Inc. acquired a new position in Atlassian during the 3rd quarter worth approximately $1,925,000. Ariadne Wealth Management LP bought a new position in shares of Atlassian in the 3rd quarter worth $308,000. Caerus Investment Advisors LLC bought a new stake in Atlassian during the 3rd quarter valued at $452,000. Danica Pension Livsforsikringsaktieselskab acquired a new position in Atlassian during the third quarter worth $103,330,000. Finally, Danske Bank A S bought a new position in shares of Atlassian in the third quarter valued at $13,004,000. Institutional investors and hedge funds 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.