Key Points
- Scott Farquhar sold 7,665 Atlassian shares on January 2 at an average price of $156.15 for about $1.20M, leaving him with 459,900 shares (valued at roughly $71.8M), a 1.64% reduction in his position.
- The January sale is part of a sustained insider selling campaign: Farquhar executed the same 7,665-share sale across multiple dates in December and early January, totaling 84,315 shares sold over the period (roughly $13.6M in proceeds).
Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) Director Scott Farquhar sold 7,665 shares of the company's stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $156.15, for a total value of $1,196,889.75. Following the sale, the director directly owned 459,900 shares of the company's stock, valued at $71,813,385. The trade was a 1.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Scott Farquhar also recently made the following trade(s):
- On Wednesday, December 31st, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $162.68, for a total transaction of $1,246,942.20.
- On Monday, December 29th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $163.66, for a total transaction of $1,254,453.90.
- On Friday, December 26th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $162.53, for a total transaction of $1,245,792.45.
- On Friday, December 19th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $162.40, for a total transaction of $1,244,796.00.
- On Tuesday, December 23rd, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $161.30, for a total value of $1,236,364.50.
- On Wednesday, December 17th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $163.16, for a total value of $1,250,621.40.
- On Monday, December 15th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $158.92, for a total value of $1,218,121.80.
- On Friday, December 12th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $162.11, for a total value of $1,242,573.15.
- On Wednesday, December 10th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $161.79, for a total value of $1,240,120.35.
- On Monday, December 8th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $160.70, for a total transaction of $1,231,765.50.
Atlassian Stock Performance
NASDAQ TEAM opened at $153.88 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market capitalization of $40.49 billion, a price-to-earnings ratio of -216.73, a P/E/G ratio of 23.97 and a beta of 0.88. The company's fifty day moving average is $157.67 and its two-hundred day moving average is $170.27. Atlassian Corporation PLC has a 52-week low of $139.70 and a 52-week high of $326.00.
Atlassian (NASDAQ:TEAM - Get Free Report) last announced its quarterly earnings data on Thursday, October 30th. The technology company reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.21. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.11%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the prior year, the business earned $0.77 earnings per share. The firm's revenue for the quarter was up 20.6% on a year-over-year basis. Equities research analysts forecast that Atlassian Corporation PLC will post -0.34 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC increased its holdings in Atlassian by 12.0% during the 4th quarter. GAMMA Investing LLC now owns 615 shares of the technology company's stock valued at $100,000 after purchasing an additional 66 shares in the last quarter. Allworth Financial LP boosted its stake in Atlassian by 21.6% in the third quarter. Allworth Financial LP now owns 3,161 shares of the technology company's stock worth $505,000 after purchasing an additional 561 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Atlassian by 624.6% during the third quarter. IFP Advisors Inc now owns 5,174 shares of the technology company's stock worth $826,000 after purchasing an additional 4,460 shares during the last quarter. Swiss Life Asset Management Ltd increased its stake in shares of Atlassian by 14.7% in the third quarter. Swiss Life Asset Management Ltd now owns 27,397 shares of the technology company's stock valued at $4,375,000 after buying an additional 3,505 shares in the last quarter. Finally, Cambria Investment Management L.P. acquired a new stake in shares of Atlassian in the third quarter valued at $671,000. 94.45% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts have recently issued reports on TEAM shares. Weiss Ratings restated a "sell (e+)" rating on shares of Atlassian in a research report on Wednesday, October 8th. Canaccord Genuity Group reissued a "buy" rating and issued a $230.00 price target on shares of Atlassian in a report on Wednesday, October 22nd. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $240.00 price objective on shares of Atlassian in a report on Friday, October 31st. Citigroup reiterated a "buy" rating on shares of Atlassian in a research report on Wednesday, October 22nd. Finally, UBS Group dropped their price target 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-one have issued a Buy rating, nine have issued 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 a consensus rating of "Moderate Buy" and a consensus price target of $238.46.
Get Our Latest Stock Report on TEAM
Atlassian Company Profile
(
Get Free Report)
Atlassian Corporation Plc is a software company headquartered in Sydney, Australia, best known for developing collaboration, project management and software development tools. Founded in 2002 by Mike Cannon-Brookes and Scott Farquhar, Atlassian grew from a small engineering-focused team into a publicly traded company after its initial public offering in 2015. The company serves a global customer base that spans small teams to large enterprises across technology, financial services, government and other sectors.
Atlassian's product portfolio centers on tools designed to help teams plan, build and support software and business processes.
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