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

Atlassian Corporation PLC (NASDAQ:TEAM) Director Scott Farquhar sold 7,665 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $94.81, for a total transaction of $726,718.65. Following the completion of the transaction, the director directly owned 275,940 shares in the company, valued at approximately $26,161,871.40. This represents a 2.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Wednesday, February 4th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $105.14, for a total value of $805,898.10.
• On Monday, February 2nd, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $116.40, for a total value of $892,206.00.
• On Friday, January 30th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $119.15, for a total value of $913,284.75.
• On Wednesday, January 28th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $135.44, for a total transaction of $1,038,147.60.
• On Monday, January 26th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $136.93, for a total transaction of $1,049,568.45.
• On Thursday, January 22nd, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $126.11, for a total transaction of $966,633.15.
• On Tuesday, January 20th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $118.19, for a total transaction of $905,926.35.
• On Friday, January 16th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $120.82, for a total value of $926,085.30.
• On Wednesday, January 14th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $133.66, for a total value of $1,024,503.90.
• On Monday, January 12th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $147.15, for a total value of $1,127,904.75.

Atlassian Stock Down 3.7%

Shares of NASDAQ:TEAM traded down $3.69 during midday trading on Friday, reaching $94.72. The company had a trading volume of 13,996,442 shares, compared to its average volume of 5,516,829. The stock has a market capitalization of $24.92 billion, a P/E ratio of -133.41, a PEG ratio of 16.27 and a beta of 0.88. The stock’s fifty day moving average price is $145.60 and its 200-day moving average price is $159.15. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.26 and a quick ratio of 1.26. Atlassian Corporation PLC has a one year low of $92.32 and a one year high of $326.00.

Atlassian (NASDAQ:TEAM) last released its earnings results on Thursday, February 5th. The technology company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.10. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.54 billion. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.11%. The company’s revenue was up 23.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.96 EPS. Equities research analysts expect that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

More Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Q2 beat — Atlassian reported $1.22 EPS vs. $1.12 expected and revenue of $1.59B (vs. $1.54B est.), with revenue up ~23% y/y, a near-term fundamental positive for growth momentum. Atlassian Q2 Earnings Surpass Expectations
• Positive Sentiment: Management raised its fiscal 2026 revenue forecast, citing resilient enterprise spending and accelerating AI adoption — supports the company’s multi-quarter revenue outlook. Atlassian Raises Annual Revenue Forecast (Reuters)
• Positive Sentiment: Company targets 20%+ annual revenue growth through FY27 and cites record cloud revenue and AI integrations — a constructive strategic signal if execution continues. Seeking Alpha: Growth Target
• Positive Sentiment: Unusual options activity — a spike to ~14,021 calls purchased (≈51% above normal), which can indicate tactical bullish positioning by traders.
• Neutral Sentiment: Analysts trimmed price targets but kept favorable ratings (Morgan Stanley, Mizuho, BTIG among others) — reduces near-term implied upside but preserves buy/overweight bias. Benzinga: Analyst Target Changes
• Negative Sentiment: Insider selling — directors/co‑founders disclosed multiple recent sales (7,665 shares each), a visible negative for investor sentiment and a factor pressuring the stock. SEC Filing: Insider Sales
• Negative Sentiment: Cantor Fitzgerald and some other brokers cut price targets sharply (e.g., Cantor to $146), and sector-wide AI fears are amplifying downside pressure. Cantor Fitzgerald Target Cut
• Negative Sentiment: Market reaction: coverage notes shares dipped despite the beat as investors worry cloud growth may slow and AI competition/feature rollouts elsewhere increase volatility. Investing.com: Shares Dip

Analysts Set New Price Targets

Several analysts have weighed in on the stock. BMO Capital Markets set a $130.00 target price on shares of Atlassian and gave the company an “outperform” rating in a research note on Friday. Mizuho lowered their price objective on shares of Atlassian from $225.00 to $205.00 and set an “outperform” rating for the company in a research report on Friday. Sanford C. Bernstein increased their price objective on shares of Atlassian from $290.00 to $304.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 18th. Piper Sandler restated an “overweight” rating and issued a $200.00 target price (down from $280.00) on shares of Atlassian in a research note on Friday. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Atlassian in a report on Wednesday, January 21st. Twenty analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Atlassian presently has an average rating of “Moderate Buy” and a consensus price target of $191.32.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Capco Asset Management LLC bought a new position in shares of Atlassian in the second quarter worth $25,000. Physician Wealth Advisors Inc. lifted its holdings in Atlassian by 60.4% in the third quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock worth $26,000 after purchasing an additional 61 shares during the period. Atlantic Union Bankshares Corp grew its position in Atlassian by 19,900.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company’s stock valued at $32,000 after buying an additional 199 shares in the last quarter. Board of the Pension Protection Fund acquired a new position in Atlassian during the 4th quarter valued at about $32,000. Finally, Bogart Wealth LLC raised its position in shares of Atlassian by 76.4% during the 4th quarter. Bogart Wealth LLC now owns 217 shares of the technology company’s stock worth $35,000 after buying an additional 94 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

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.