Key Points
- Director Scott Farquhar sold 7,665 shares on Nov. 26 at an average price of $148.29 for $1.136M, and after the trade he directly owned 176,295 shares (a 4.17% reduction in his stake).
- This Nov.–Oct. activity was part of a patterned selling program — he sold 11 identical lots of 7,665 shares between Oct. 31 and Nov. 26, totaling about 84,315 shares and roughly $13.1M in proceeds.
- Despite the insider selling, analysts maintain a Moderate Buy consensus with a $240 average target; Atlassian has a ~$39B market cap, revenue up 20.6% year-over-year, but negative net margin and P/E.
Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $148.29, for a total transaction of $1,136,642.85. Following the sale, the director directly owned 176,295 shares in the company, valued at $26,142,785.55. This trade represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Scott Farquhar also recently made the following trade(s):
- On Monday, November 24th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $146.62, for a total transaction of $1,123,842.30.
- On Friday, November 21st, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $144.02, for a total transaction of $1,103,913.30.
- 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 stock was 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 stock was 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 shares were 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 stock was 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 value of $1,284,730.65.
Atlassian Stock Down 0.7%
Shares of NASDAQ TEAM opened at $148.03 on Thursday. The company has a 50 day simple moving average of $157.04 and a 200 day simple moving average of $180.46. 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 1 year low of $139.70 and a 1 year high of $326.00. The firm has a market cap of $38.95 billion, a PE ratio of -208.49, a price-to-earnings-growth ratio of 28.11 and a beta of 0.95.
Atlassian (NASDAQ:TEAM - Get Free Report) 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 analysts' expectations of $1.40 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 20.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.77 EPS. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. On average, research analysts forecast that Atlassian Corporation PLC will post -0.34 EPS for the current year.
Wall Street Analysts Forecast Growth
TEAM has been the subject of several analyst reports. Canaccord Genuity Group reaffirmed a "buy" rating and set a $230.00 target price on shares of Atlassian in a research report on Wednesday, October 22nd. Wells Fargo & Company assumed coverage on Atlassian in a research note on Tuesday, September 30th. They issued an "overweight" rating and a $216.00 price target for the company. Macquarie cut their price objective on Atlassian from $250.00 to $240.00 and set an "outperform" rating on the stock in a research note on Monday, November 3rd. Cantor Fitzgerald reiterated an "overweight" rating and issued a $240.00 target price on shares of Atlassian in a report on Friday, October 31st. Finally, Wall Street Zen upgraded shares of Atlassian from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $240.00.
View Our Latest Stock Analysis on Atlassian
Hedge Funds Weigh In On Atlassian
Institutional investors have recently added to or reduced their stakes in the business. DNB Asset Management AS grew its position in shares of Atlassian by 266.6% during the 3rd quarter. DNB Asset Management AS now owns 2,806,888 shares of the technology company's stock worth $448,260,000 after buying an additional 2,041,210 shares during the period. Norges Bank bought a new position in Atlassian during the second quarter worth $377,794,000. Artisan Partners Limited Partnership grew its holdings in Atlassian by 66.3% in the second quarter. Artisan Partners Limited Partnership now owns 3,878,133 shares of the technology company's stock worth $787,610,000 after purchasing an additional 1,545,546 shares during the period. Nuveen LLC bought a new stake in Atlassian in the first quarter valued at $327,665,000. Finally, Vanguard Group Inc. raised its holdings in shares of Atlassian by 6.0% during the third quarter. Vanguard Group Inc. now owns 18,479,561 shares of the technology company's stock valued at $2,951,186,000 after purchasing an additional 1,049,483 shares during the period. 94.45% of the stock is owned by institutional investors and hedge funds.
About Atlassian
(
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.
Further Reading
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