Atlassian (NASDAQ:TEAM) Director Scott Farquhar Sells 7,665 Shares

Atlassian Corporation PLC (NASDAQ:TEAM) Director Scott Farquhar sold 7,665 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $161.11, for a total transaction of $1,234,908.15. Following the transaction, the director owned 436,905 shares in the company, valued at approximately $70,389,764.55. This trade represents a 1.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Monday, January 5th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $154.20, for a total transaction of $1,181,943.00.
• On Friday, January 2nd, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $156.15, for a total transaction of $1,196,889.75.
• On Wednesday, December 31st, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $162.68, for a total value of $1,246,942.20.
• On Monday, December 29th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $163.66, for a total transaction of $1,254,453.90.
• On Friday, December 26th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $162.53, for a total transaction of $1,245,792.45.
• On Friday, December 19th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $162.40, for a total value of $1,244,796.00.
• On Tuesday, December 23rd, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $161.30, for a total transaction of $1,236,364.50.
• On Wednesday, December 17th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $163.16, for a total transaction of $1,250,621.40.
• On Monday, December 15th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $158.92, for a total value of $1,218,121.80.
• On Friday, December 12th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $162.11, for a total value of $1,242,573.15.

Atlassian Trading Down 7.1%

NASDAQ TEAM opened at $149.43 on Friday. Atlassian Corporation PLC has a one year low of $139.70 and a one year high of $326.00. The company’s 50 day moving average price is $157.37 and its 200 day moving average price is $169.84. The firm has a market capitalization of $39.32 billion, a price-to-earnings ratio of -210.46, a PEG ratio of 24.91 and a beta of 0.88. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.26 and a current ratio of 1.26.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share (EPS) 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%.The firm’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 EPS. On average, sell-side analysts predict that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TEAM. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Atlassian in a research report on Wednesday, October 8th. BTIG Research started coverage on shares of Atlassian in a research note on Tuesday, December 16th. They set a “buy” rating and a $220.00 price target on the stock. TD Cowen lowered their target price on Atlassian from $220.00 to $205.00 and set a “hold” rating for the company in a research note on Monday, October 27th. The Goldman Sachs Group reiterated a “buy” rating and issued a $260.00 price target on shares of Atlassian in a research note on Friday, October 31st. Finally, Wall Street Zen raised shares of Atlassian from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $238.46.

Hedge Funds Weigh In On Atlassian

Several hedge funds have recently modified their holdings of the company. True Wealth Design LLC boosted its holdings in Atlassian by 230.4% during the fourth quarter. True Wealth Design LLC now owns 1,695 shares of the technology company’s stock worth $275,000 after buying an additional 1,182 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Atlassian by 327.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 110,650 shares of the technology company’s stock valued at $17,595,000 after purchasing an additional 84,778 shares in the last quarter. NorthCrest Asset Manangement LLC increased its stake in Atlassian by 260.1% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 16,170 shares of the technology company’s stock valued at $2,488,000 after buying an additional 11,680 shares during the period. Nordea Investment Management AB grew its stake in Atlassian by 17.3% in the fourth quarter. Nordea Investment Management AB now owns 846,483 shares of the technology company’s stock valued at $137,774,000 after purchasing an additional 124,793 shares in the last quarter. Finally, Green Alpha Advisors LLC increased its position in Atlassian by 13.9% in the 4th quarter. Green Alpha Advisors LLC now owns 3,019 shares of the technology company’s stock worth $490,000 after purchasing an additional 369 shares during the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Brand / marketing boost from the Williams F1 relationship could raise Atlassian’s profile and enterprise marketing reach—potentially supportive over time. Grove: The home of Atlassian Williams F1 Team
• Neutral Sentiment: Analysts and write-ups are re‑assessing TEAM’s valuation in light of the Dashmoto / Williams F1 collaboration—discussion centers on branding benefits vs. near-term financials, so impact on price is uncertain. Assessing Atlassian (NasdaqGS:TEAM) Valuation After New Dashmoto And Williams F1 Collaboration
• Neutral Sentiment: Market roundup pieces note Atlassian among several software names falling today, attributing moves to sector rotation and macro/earnings positioning rather than company-specific news alone. Elastic, Atlassian, Autodesk, Commerce, and Domo shares are falling. What you need to know
• Negative Sentiment: Co‑founder/CEO Michael Cannon‑Brookes sold 7,665 shares on Jan. 7 (~$1.235M at $161.11), a disclosed insider sale that can weigh on sentiment when executed by top executives. SEC Filing — Michael Cannon-Brookes Sale
• Negative Sentiment: Co‑founder/director Scott Farquhar sold an identical block (7,665 shares on Jan. 7 at $161.11), another high‑profile insider sale that amplifies investor concern about insider timing. SEC Filing — Scott Farquhar Sale
• Negative Sentiment: Media commentators (including Jim Cramer) are flagging Atlassian as being “in the crosshairs,” which can intensify selling pressure from momentum or headline‑driven traders. Jim Cramer says “Atlassian’s really in the crosshairs”
• Negative Sentiment: Broader negative narrative: a recent piece notes shareholders are down ~34% over the past year, reinforcing a bearish sentiment backdrop for the stock. Atlassian (NASDAQ:TEAM) shareholders have endured a 34% loss from investing in the stock a year ago

About Atlassian

Atlassian Corporation Plc is a software company headquartered in Sydney, Australia, best known for developing collaboration, project management and software development tools. Founded in 2002 by Mike Cannon-Brookes and Scott Farquhar, Atlassian grew from a small engineering-focused team into a publicly traded company after its initial public offering in 2015. The company serves a global customer base that spans small teams to large enterprises across technology, financial services, government and other sectors.

Atlassian’s product portfolio centers on tools designed to help teams plan, build and support software and business processes.