Key Points
- Scott Farquhar sold 7,665 shares on Nov. 28 at an average price of $150.12 for $1.15M, part of a series of roughly ten identical November sales that reduced his stake by 4.35% to 168,630 shares valued at about $25.3M.
- Atlassian (NASDAQ:TEAM) traded near $151.58 (up ~1.4%) with a ~$39.9B market cap; the company recently beat EPS and revenue estimates but still has a negative net margin, and analysts hold a consensus "Moderate Buy" with a $240 target.
Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) Director Scott Farquhar sold 7,665 shares of the business's stock in a transaction on Friday, November 28th. The shares were sold at an average price of $150.12, for a total transaction of $1,150,669.80. Following the completion of the transaction, the director directly owned 168,630 shares of the company's stock, valued at $25,314,735.60. This trade represents a 4.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Scott Farquhar also recently made the following trade(s):
- On Wednesday, November 26th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $148.29, for a total value of $1,136,642.85.
- 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 value of $1,123,842.30.
- 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 stock was 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 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 transaction 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 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 stock was sold at an average price of $172.79, for a total transaction of $1,324,435.35.
Atlassian Trading Up 1.4%
Shares of NASDAQ:TEAM opened at $151.58 on Tuesday. The firm has a market cap of $39.88 billion, a price-to-earnings ratio of -213.49, a PEG ratio of 28.20 and a beta of 0.89. Atlassian Corporation PLC has a 12 month low of $139.70 and a 12 month high of $326.00. The company's fifty day simple moving average is $155.84 and its 200 day simple moving average is $178.57. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.72.
Atlassian (NASDAQ:TEAM - Get Free Report) last released its earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $1.40 billion. During the same quarter in the prior year, the company earned $0.77 EPS. The company's revenue was up 20.6% on a year-over-year basis. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. As a group, research analysts forecast that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the company. Sanford C. Bernstein lifted their target price on Atlassian from $290.00 to $304.00 and gave the company an "outperform" rating in a research report on Tuesday, November 18th. Macquarie decreased their price target on shares of Atlassian from $250.00 to $240.00 and set an "outperform" rating for the company in a research note on Monday, November 3rd. BMO Capital Markets lifted their price objective on shares of Atlassian from $190.00 to $195.00 and gave the company 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 set a "buy" rating and a $225.00 target price for the company. Finally, UBS Group decreased their target price on shares of Atlassian from $215.00 to $185.00 and set a "neutral" rating for the company in a research report on Friday, October 24th. One equities research 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 issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $240.00.
View Our Latest Analysis on TEAM
Hedge Funds Weigh In On Atlassian
Several hedge funds and other institutional investors have recently made changes to their positions in TEAM. Cambria Investment Management L.P. bought a new stake in Atlassian during the third quarter worth $671,000. CIBC Bancorp USA Inc. acquired a new position in shares of Atlassian during the 3rd quarter worth about $1,925,000. Ariadne Wealth Management LP bought a new stake in shares of Atlassian in the 3rd quarter valued at about $308,000. Caerus Investment Advisors LLC acquired a new stake in Atlassian in the 3rd quarter valued at about $452,000. Finally, Danica Pension Livsforsikringsaktieselskab bought a new position in Atlassian during the third quarter worth about $103,330,000. 94.45% of the stock is owned by institutional investors.
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.
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