Key Points
- On November 24, director Scott Farquhar sold 7,665 shares at an average price of $146.62 for a total of $1,123,842.30; after the trade he still owns 191,625 shares valued at roughly $28.1 million, a 3.85% reduction in his position.
- The November 24 sale is part of a series of identical disposals — Farquhar sold 7,665 shares on multiple dates from October 29 through November 24, indicating an ongoing, scheduled selling pattern.
- Atlassian recently beat quarterly EPS estimates ($1.04 vs. $0.83) with revenue up 20.6% year-over-year, but the company still shows a negative net margin and negative P/E; the stock trades with a market cap of about $39.2 billion and was near $149 at the open.
Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) Director Scott Farquhar sold 7,665 shares of the firm's stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $146.62, for a total value of $1,123,842.30. Following the transaction, the director owned 191,625 shares of the company's stock, valued at approximately $28,096,057.50. The trade was a 3.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Scott Farquhar also recently made the following trade(s):
- On Friday, November 21st, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $144.02, for a total value of $1,103,913.30.
- On Wednesday, November 19th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $147.63, for a total value 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 stock was 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 transaction 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 transaction 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 transaction 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 transaction 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 Stock Up 1.8%
Shares of NASDAQ TEAM opened at $149.04 on Wednesday. Atlassian Corporation PLC has a 1 year low of $139.70 and a 1 year high of $326.00. The firm has a 50-day simple moving average of $157.53 and a two-hundred day simple moving average of $180.69. The company has a market cap of $39.21 billion, a P/E ratio of -209.91, a PEG ratio of 27.62 and a beta of 0.95. 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 quarterly earnings results 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. Atlassian had a negative return on equity of 7.11% and a negative net margin of 3.38%.The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the prior year, the business posted $0.77 earnings per share. The company's revenue for the quarter was up 20.6% on a year-over-year basis. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Research analysts anticipate that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.
Hedge Funds Weigh In On Atlassian
Several hedge funds have recently modified their holdings of TEAM. Avantax Advisory Services Inc. increased its stake in Atlassian by 47.3% during the 1st quarter. Avantax Advisory Services Inc. now owns 4,361 shares of the technology company's stock valued at $926,000 after purchasing an additional 1,401 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Atlassian by 19.8% during the first quarter. Cetera Investment Advisers now owns 24,729 shares of the technology company's stock valued at $5,248,000 after buying an additional 4,090 shares during the last quarter. HB Wealth Management LLC increased its position in shares of Atlassian by 422.6% in the 1st quarter. HB Wealth Management LLC now owns 7,850 shares of the technology company's stock valued at $1,666,000 after acquiring an additional 6,348 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Atlassian by 4.2% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 99,261 shares of the technology company's stock worth $21,064,000 after acquiring an additional 3,987 shares during the last quarter. Finally, LPL Financial LLC raised its stake in Atlassian by 28.8% in the 1st quarter. LPL Financial LLC now owns 66,397 shares of the technology company's stock worth $14,090,000 after acquiring an additional 14,863 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company's stock.
Analyst Ratings Changes
Several research analysts recently commented on TEAM shares. Raymond James Financial reduced their price target on shares of Atlassian from $300.00 to $250.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Wall Street Zen upgraded Atlassian from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. UBS Group cut their target price on shares of Atlassian from $215.00 to $185.00 and set a "neutral" rating on the stock in a research report on Friday, October 24th. Citigroup reaffirmed a "buy" rating on shares of Atlassian in a research report on Wednesday, October 22nd. Finally, Robert W. Baird set a $230.00 price objective on shares of Atlassian in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $240.00.
View Our Latest Stock Report on Atlassian
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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