Key Points
- On Jan 12, director Scott Farquhar sold 7,665 shares of Atlassian at an average price of $147.15 (≈$1.13M), reducing his stake to 413,910 shares; this sale is one of a string of identical daily disposals in Dec–Jan.
- Co‑founder Michael Cannon‑Brookes also participated in the same pattern of 7,665‑share sales, and the repeated insider selling by both co‑founders is a potentially bearish signal despite their large remaining holdings.
- Atlassian stock is down (~5.8%) and trading near its one‑year low with a $36.3B market cap; analysts hold a consensus "Moderate Buy" (average target $238.46) and the company will report Q2 FY2026 results on Feb 5, a near‑term catalyst for volatility.
Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) Director Scott Farquhar sold 7,665 shares of the stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $147.15, for a total value of $1,127,904.75. Following the completion of the sale, the director directly owned 413,910 shares of the company's stock, valued at approximately $60,906,856.50. The trade was a 1.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Scott Farquhar also recently made the following trade(s):
- On Friday, January 9th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $145.91, for a total value of $1,118,400.15.
- On Wednesday, January 7th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $161.11, for a total transaction of $1,234,908.15.
- On Monday, January 5th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $154.20, for a total transaction of $1,181,943.00.
- On Friday, January 2nd, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $156.15, for a total transaction of $1,196,889.75.
- On Wednesday, December 31st, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were 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 shares were 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 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 shares were sold at an average price of $163.16, for a total value of $1,250,621.40.
Atlassian Stock Down 5.8%
Shares of Atlassian stock opened at $137.89 on Wednesday. The stock's 50-day moving average is $155.77 and its 200 day moving average is $168.27. Atlassian Corporation PLC has a one year low of $137.66 and a one year high of $326.00. The firm has a market cap of $36.28 billion, a price-to-earnings ratio of -194.21, a PEG ratio of 22.68 and a beta of 0.88. 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 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 for the quarter, compared to analyst estimates of $1.40 billion. Atlassian had a negative return on equity of 7.11% and a negative net margin of 3.38%.The company's revenue was up 20.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.77 earnings per share. Equities research analysts anticipate that Atlassian Corporation PLC will post -0.34 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on TEAM shares. TD Cowen reduced their price target on shares of Atlassian from $220.00 to $205.00 and set a "hold" rating for the company in a report on Monday, October 27th. Zacks Research upgraded Atlassian from a "strong sell" rating to a "hold" rating in a research note on Monday, November 3rd. Robert W. Baird set a $230.00 target price on Atlassian in a research report on Friday, October 31st. Bank of America started coverage on Atlassian in a report on Tuesday, September 23rd. They issued a "neutral" rating and a $200.00 price target on the stock. Finally, UBS Group reduced their price objective on Atlassian from $215.00 to $185.00 and set a "neutral" rating for the company in a research note on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $238.46.
Check Out Our Latest Stock Analysis on Atlassian
Key Stories Impacting Atlassian
Here are the key news stories impacting Atlassian this week:
- Positive Sentiment: BTIG reaffirmed a "buy" on TEAM and kept a $220 price target, signaling continued analyst conviction and potential upside vs. current levels. BTIG/Benzinga coverage
- Neutral Sentiment: Atlassian set its Q2 FY2026 earnings release for after the close on Feb 5, 2026 and will host a 2:00 PM PT call — a clear near‑term event that can drive volatility and reprice the stock based on guidance and growth metrics. Earnings date announcement
- Neutral Sentiment: Keeper Security announced a cyber‑security deployment with the Atlassian Williams F1 team (operational/PR partnership). This is business‑development news but unlikely to move fundamentals materially in the near term. Keeper Security / Williams F1
- Neutral Sentiment: Analyst coverage remains mixed but biased positive: Market consensus is a "Moderate Buy" with a material gap between current price and consensus targets, so analyst commentary can amplify moves around earnings. Analyst roundup
- Negative Sentiment: Repeated insider selling by co‑founders/CEOs: Michael Cannon‑Brookes and Scott Farquhar each filed sales of 7,665 shares on Jan 12 at about $147.15 (~$1.13M each). These are part of a string of similar daily sales in Dec–Jan (multiple 7,665‑share lots), trimming each insider’s stake by ~1.8% while leaving them with large residual holdings. The pattern of ongoing, sizable insider disposals is a bearish signal for market sentiment even though insiders remain major shareholders. Insider sale SEC filing
Institutional Trading of Atlassian
Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Atlassian by 6.0% in 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 last quarter. Artisan Partners Limited Partnership increased its stake in Atlassian by 66.3% in the 2nd quarter. Artisan Partners Limited Partnership now owns 3,878,133 shares of the technology company's stock valued at $787,610,000 after buying an additional 1,545,546 shares during the last quarter. State Street Corp increased its stake in Atlassian by 1.9% in the 3rd quarter. State Street Corp now owns 3,867,995 shares of the technology company's stock valued at $617,719,000 after buying an additional 73,014 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Atlassian by 18.7% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,867,886 shares of the technology company's stock worth $458,001,000 after buying an additional 451,706 shares in the last quarter. Finally, DNB Asset Management AS boosted its stake in shares of Atlassian by 266.6% in 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 last quarter. 94.45% of the stock is owned by hedge funds and other institutional investors.
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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