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 28th. The shares were sold at an average price of $135.44, for a total value of $1,038,147.60. Following the completion of the transaction, the director directly owned 329,595 shares in the company, valued at $44,640,346.80. The trade was a 2.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• 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 value 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 transaction of $926,085.30.
• On Wednesday, January 14th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $133.66, for a total transaction of $1,024,503.90.
• On Monday, January 12th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $147.15, for a total transaction of $1,127,904.75.
• On Friday, January 9th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $145.91, for a total transaction of $1,118,400.15.
• On Wednesday, January 7th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $161.11, for a total value of $1,234,908.15.
• 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 value 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 value of $1,196,889.75.

Atlassian Stock Performance

TEAM opened at $120.38 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.72. The stock’s 50 day moving average price is $149.55 and its two-hundred day moving average price is $162.03. The firm has a market capitalization of $31.67 billion, a P/E ratio of -169.55, a price-to-earnings-growth ratio of 20.87 and a beta of 0.88. Atlassian Corporation PLC has a 12-month low of $115.01 and a 12-month high of $326.00.

Atlassian (NASDAQ:TEAM) last posted 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 company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Atlassian had a negative return on equity of 7.11% and a negative net margin of 3.38%.Atlassian’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.77 earnings per share. On average, equities analysts forecast that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Institutional Trading of Atlassian

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Atlassian by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 18,541,267 shares of the technology company’s stock valued at $3,006,281,000 after purchasing an additional 61,706 shares in the last quarter. Baillie Gifford & Co. boosted its position in Atlassian by 3.9% in the fourth quarter. Baillie Gifford & Co. now owns 8,431,802 shares of the technology company’s stock valued at $1,367,132,000 after buying an additional 316,276 shares in the last quarter. Pictet Asset Management Holding SA grew its stake in Atlassian by 38.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 3,950,852 shares of the technology company’s stock worth $640,628,000 after buying an additional 1,090,787 shares during the last quarter. Artisan Partners Limited Partnership grew its stake in Atlassian by 66.3% during the second quarter. Artisan Partners Limited Partnership now owns 3,878,133 shares of the technology company’s stock worth $787,610,000 after buying an additional 1,545,546 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Atlassian by 1.9% during the third quarter. State Street Corp now owns 3,867,995 shares of the technology company’s stock worth $617,719,000 after buying an additional 73,014 shares in the last quarter. 94.45% of the stock is currently owned by institutional investors.

Atlassian News Summary

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: New marketing exposure — Atlassian’s Williams F1 team added Wilkinson Sword as an official partner, extending brand reach and sponsorship visibility that can help enterprise awareness and demand generation. Atlassian Williams F1 Team welcomes Wilkinson Sword as Official Men’s Grooming Partner
• Neutral Sentiment: AI competition analysis — Coverage examines Anthropic’s Cowork as a potential disruptor to Atlassian’s collaboration/workflow tools; impact is speculative now but increases competitive risk in AI-enabled workflows. Atlassian Faces AI Disruption: Analyzing the Impact of Anthropic’s Cowork
• Neutral Sentiment: Explanatory coverage is available summarizing the mix of drivers putting pressure on shares today (useful context but not new company-specific fundamentals). Why Atlassian Corporation’s (TEAM) Stock Is Down 12.94%
• Negative Sentiment: Insider selling — Director Scott Farquhar (and reporting indicates CEO activity) executed multiple share sales in January; repeated insider sales at current levels are a near‑term negative signal for investor confidence. Insider Selling: Atlassian Director Sells Shares
• Negative Sentiment: Legal risk — Pomerantz LLP opened an investor investigation into Atlassian, which can prolong downward pressure until any claims are resolved or dismissed. Pomerantz investor alert
• Negative Sentiment: Analyst target cut — Robert W. Baird trimmed its price target (reducing near‑term upside expectations); analyst downgrades/target cuts amplify selling pressure. Robert W. Baird Lowers Expectations for Atlassian
• Negative Sentiment: Short interest and 52‑week low — Data show a meaningful increase in short interest earlier in January and headlines note the stock hit a new 52‑week low, both signaling bearish positioning and momentum that can exacerbate declines. Atlassian stock hits 52-week low at 115.37 USD

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TEAM shares. BTIG Research restated a “buy” rating and set a $220.00 price objective on shares of Atlassian in a report on Tuesday, January 13th. Cantor Fitzgerald reissued an “overweight” rating and set a $240.00 target price on shares of Atlassian in a research report on Friday, October 31st. Jefferies Financial Group set a $262.00 price target on Atlassian in a research note on Thursday, January 15th. Mizuho reduced their price objective on Atlassian from $245.00 to $225.00 and set an “outperform” rating for the company in a research report on Wednesday, January 21st. Finally, KeyCorp lowered their price objective on Atlassian from $250.00 to $210.00 and set an “overweight” rating on the stock in a research report on Thursday, October 23rd. Twenty-one investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Atlassian has an average rating of “Moderate Buy” and a consensus price target of $231.54.

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.