Key Points
- Atlassian director Scott Farquhar sold 7,665 shares on Dec. 3 at an average price of $155.08 for $1.19M, leaving him with 145,635 shares (a 5.0% reduction, valued at ~ $22.6M).
- Farquhar conducted a series of 11 identical sales in Nov–Dec, totaling 84,315 shares and generating roughly $12.8 million in proceeds, signalling sustained insider selling over that period.
- Company fundamentals are mixed: Atlassian recently beat EPS and revenue estimates with revenue up 20.6% year‑over‑year, but it still reports a negative net margin and ROE; analysts have a consensus "Moderate Buy" rating with an average price target of $240.00.
Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $155.08, for a total value of $1,188,688.20. Following the sale, the director directly owned 145,635 shares of the company's stock, valued at approximately $22,585,075.80. This represents a 5.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Scott Farquhar also recently made the following trade(s):
- On Friday, November 28th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $150.12, for a total value of $1,150,669.80.
- 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 transaction 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 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 transaction 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 transaction 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.
Atlassian Trading Up 0.7%
Shares of NASDAQ:TEAM opened at $157.68 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.72. Atlassian Corporation PLC has a 12-month low of $139.70 and a 12-month high of $326.00. The business has a 50 day moving average of $155.35 and a two-hundred day moving average of $177.80. The company has a market capitalization of $41.49 billion, a PE ratio of -221.74, a PEG ratio of 29.57 and a beta of 0.89.
Atlassian (NASDAQ:TEAM - Get Free Report) last posted 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 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 business's revenue was up 20.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.77 EPS. As a group, analysts forecast that Atlassian Corporation PLC will post -0.34 EPS for the current year.
Analyst Ratings Changes
Several research firms recently issued reports on TEAM. Cowen reiterated a "hold" rating on shares of Atlassian in a report on Monday, October 27th. Truist Financial set a $210.00 price target on shares of Atlassian in a research note on Friday, October 31st. Zacks Research upgraded shares of Atlassian from a "strong sell" rating to a "hold" rating in a report on Monday, November 3rd. Guggenheim started coverage on Atlassian in a research report on Thursday, September 11th. They issued a "buy" rating and a $225.00 price target for the company. Finally, Raymond James Financial reduced their price objective on Atlassian from $300.00 to $250.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. 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 given a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $240.00.
Check Out Our Latest Stock Analysis on TEAM
Institutional Trading of Atlassian
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Capco Asset Management LLC acquired a new position in shares of Atlassian in 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 purchasing an additional 61 shares during the period. Atlantic Union Bankshares Corp increased its stake in Atlassian by 19,900.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company's stock worth $32,000 after buying an additional 199 shares during the period. Geneos Wealth Management Inc. lifted its holdings in Atlassian by 447.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company's stock worth $42,000 after buying an additional 161 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in Atlassian in the 3rd quarter valued at approximately $57,000. 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.
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