Key Points
- Director Scott Farquhar sold 7,665 Atlassian shares on Jan. 7 at an average price of $161.11 for about $1.2349 million, leaving him with 436,905 shares (a 1.72% reduction in his position).
- The Jan. 7 sale is part of a series of identical 7,665‑share disposals by Farquhar in December–January and coincided with co‑founder Michael Cannon‑Brookes selling the same block that day, a pattern of insider selling that has amplified negative market sentiment.
- For context, TEAM trades below its 200‑day moving average (200 DMA $169.84) with a market cap of about $39.3 billion, and analysts have a consensus rating of "Moderate Buy" with a $238.46 average price target.
Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $161.11, for a total transaction of $1,234,908.15. Following the completion of the sale, the director directly owned 436,905 shares of the company's stock, valued at approximately $70,389,764.55. The trade was a 1.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Scott Farquhar also recently made the following trade(s):
- On Monday, January 5th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $154.20, for a total value of $1,181,943.00.
- On Friday, January 2nd, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $156.15, for a total value of $1,196,889.75.
- 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 shares were 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 value of $1,245,792.45.
- On Friday, December 19th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $162.40, for a total value of $1,244,796.00.
- On Tuesday, December 23rd, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was 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 stock was sold at an average price of $158.92, for a total transaction of $1,218,121.80.
- On Friday, December 12th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $162.11, for a total value of $1,242,573.15.
Atlassian Price Performance
TEAM opened at $149.43 on Friday. The company's 50 day simple moving average is $157.37 and its 200-day simple moving average is $169.84. The stock has a market capitalization of $39.32 billion, a P/E ratio of -210.46, a price-to-earnings-growth ratio of 24.91 and a beta of 0.88. Atlassian Corporation PLC has a one year low of $139.70 and a one year high of $326.00. 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 earnings results on Thursday, October 30th. The technology company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.83 by $0.21. The company 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 for the quarter was up 20.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 EPS. Sell-side analysts anticipate that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of TEAM. Capco Asset Management LLC acquired a new position in Atlassian in the 2nd quarter valued at approximately $25,000. Physician Wealth Advisors Inc. boosted its position in shares of Atlassian by 60.4% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company's stock worth $26,000 after purchasing an additional 61 shares in the last quarter. Atlantic Union Bankshares Corp grew its stake in Atlassian by 19,900.0% in the third quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company's stock valued at $32,000 after acquiring an additional 199 shares during the period. Board of the Pension Protection Fund bought a new position in Atlassian in the 4th quarter valued at about $32,000. Finally, Geneos Wealth Management Inc. boosted its position in shares of Atlassian by 447.2% during the first quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company's stock valued at $42,000 after buying an additional 161 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company's stock.
Atlassian News Summary
Here are the key news stories impacting Atlassian this week:
- Positive Sentiment: Brand / marketing boost from the Williams F1 relationship could raise Atlassian's profile and enterprise marketing reach—potentially supportive over time. Grove: The home of Atlassian Williams F1 Team
- Neutral Sentiment: Analysts and write-ups are re‑assessing TEAM's valuation in light of the Dashmoto / Williams F1 collaboration—discussion centers on branding benefits vs. near-term financials, so impact on price is uncertain. Assessing Atlassian (NasdaqGS:TEAM) Valuation After New Dashmoto And Williams F1 Collaboration
- Neutral Sentiment: Market roundup pieces note Atlassian among several software names falling today, attributing moves to sector rotation and macro/earnings positioning rather than company-specific news alone. Elastic, Atlassian, Autodesk, Commerce, and Domo shares are falling. What you need to know
- Negative Sentiment: Co‑founder/CEO Michael Cannon‑Brookes sold 7,665 shares on Jan. 7 (~$1.235M at $161.11), a disclosed insider sale that can weigh on sentiment when executed by top executives. SEC Filing — Michael Cannon-Brookes Sale
- Negative Sentiment: Co‑founder/director Scott Farquhar sold an identical block (7,665 shares on Jan. 7 at $161.11), another high‑profile insider sale that amplifies investor concern about insider timing. SEC Filing — Scott Farquhar Sale
- Negative Sentiment: Media commentators (including Jim Cramer) are flagging Atlassian as being "in the crosshairs," which can intensify selling pressure from momentum or headline‑driven traders. Jim Cramer says “Atlassian’s really in the crosshairs”
- Negative Sentiment: Broader negative narrative: a recent piece notes shareholders are down ~34% over the past year, reinforcing a bearish sentiment backdrop for the stock. Atlassian (NASDAQ:TEAM) shareholders have endured a 34% loss from investing in the stock a year ago
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on TEAM. 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 on the stock. Mizuho raised their target price on shares of Atlassian from $235.00 to $245.00 and gave the company an "outperform" rating in a research note on Friday, October 31st. Wall Street Zen raised Atlassian from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Atlassian in a research note on Wednesday, October 8th. Finally, Cowen reissued a "hold" rating on shares of Atlassian in a report on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Atlassian currently has an average rating of "Moderate Buy" and a consensus price target of $238.46.
View Our Latest Analysis on TEAM
About Atlassian
(
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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