Key Points
- Director Scott Farquhar sold 7,665 shares on November 21 at an average price of $144.02 for proceeds of $1,103,913.30, leaving him with 199,290 shares (a 3.70% reduction) valued at about $28.7 million.
- The November 21 sale is part of a series of identical tranches in late Oct–Nov (11 transactions of 7,665 shares each, totaling 84,315 shares), while Atlassian recently beat Q3 EPS/revenue ($1.04 vs $0.83; $1.43B, +20.6% YoY) but still shows negative net margin, and analysts hold a consensus "Moderate Buy" with a $240 price target.
Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) Director Scott Farquhar sold 7,665 shares of the firm's stock in a transaction on Friday, November 21st. The shares were sold at an average price of $144.02, for a total transaction of $1,103,913.30. Following the completion of the transaction, the director directly owned 199,290 shares of the company's stock, valued at approximately $28,701,745.80. This trade represents a 3.70% decrease in their position. The transaction 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 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 shares were sold at an average price of $147.41, for a total value 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 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 stock was 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 shares were sold at an average price of $165.03, for a total transaction of $1,264,954.95.
Atlassian Stock Performance
Shares of TEAM opened at $146.45 on Tuesday. The company has a market cap of $38.53 billion, a PE ratio of -206.26, a price-to-earnings-growth ratio of 34.69 and a beta of 0.95. The firm has a 50-day moving average of $157.99 and a 200-day moving average of $181.10. Atlassian Corporation PLC has a one year low of $139.70 and a one year high of $326.00. 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 (NASDAQ:TEAM - Get Free Report) last issued its 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 business had revenue of $1.43 billion during the quarter, compared to the consensus estimate 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 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. As a group, equities analysts forecast that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.
Wall Street Analyst Weigh In
TEAM has been the topic of a number of recent analyst reports. Mizuho boosted their target price on Atlassian from $235.00 to $245.00 and gave the stock an "outperform" rating in a report on Friday, October 31st. Guggenheim started coverage on shares of Atlassian in a report on Thursday, September 11th. They issued a "buy" rating and a $225.00 price objective on the stock. KeyCorp dropped their price objective on shares of Atlassian from $250.00 to $210.00 and set an "overweight" rating on the stock in a research report on Thursday, October 23rd. Zacks Research raised shares of Atlassian from a "strong sell" rating to a "hold" rating in a report on Monday, November 3rd. Finally, Robert W. Baird set a $230.00 price target on shares of Atlassian in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $240.00.
Check Out Our Latest Stock Analysis on Atlassian
Institutional Trading of Atlassian
Several hedge funds and other institutional investors have recently bought and sold shares of TEAM. Capco Asset Management LLC acquired a new position in shares of Atlassian during the 2nd quarter worth approximately $25,000. Physician Wealth Advisors Inc. boosted its stake in shares of Atlassian by 60.4% in the third quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company's stock valued at $26,000 after buying an additional 61 shares during the period. Atlantic Union Bankshares Corp grew its position in Atlassian by 19,900.0% during the third quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company's stock worth $32,000 after buying an additional 199 shares in the last quarter. Smithfield Trust Co increased its stake in Atlassian by 90.7% during the 1st quarter. Smithfield Trust Co now owns 164 shares of the technology company's stock worth $34,000 after acquiring an additional 78 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in Atlassian by 447.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company's stock valued at $42,000 after acquiring an additional 161 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company's stock.
Atlassian Company Profile
(
Get Free Report)
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.
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