Key Points
- Scott Farquhar sold 7,665 shares on January 26 at an average price of $136.93 for about $1.05M, leaving him with 344,925 shares (a ~2.17% reduction); the trade was disclosed in an SEC filing.
- The January sale is one of many identical 7,665-share blocks Farquhar sold repeatedly from December 31 through January (multiple dates), signaling sustained insider selling.
- Negative near-term pressure includes a price-target cut by Robert W. Baird (from $230 to $170) and an investor litigation probe by Pomerantz LLP, both weighing on sentiment around TEAM.
Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) Director Scott Farquhar sold 7,665 shares of the stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $136.93, for a total value of $1,049,568.45. Following the sale, the director directly owned 344,925 shares of the company's stock, valued at approximately $47,230,580.25. This trade represents a 2.17% decrease in their position. The transaction 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 Thursday, January 22nd, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $126.11, for a total transaction of $966,633.15.
- On Tuesday, January 20th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $118.19, for a total transaction of $905,926.35.
- On Friday, January 16th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $120.82, for a total transaction of $926,085.30.
- On Wednesday, January 14th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $133.66, for a total transaction of $1,024,503.90.
- On Monday, January 12th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $147.15, for a total transaction of $1,127,904.75.
- On Friday, January 9th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were 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 value 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 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 shares were sold at an average price of $162.68, for a total value of $1,246,942.20.
Atlassian Stock Performance
Shares of TEAM stock opened at $133.86 on Wednesday. The firm has a market capitalization of $35.22 billion, a price-to-earnings ratio of -188.53, a PEG ratio of 21.44 and a beta of 0.88. The stock has a fifty day moving average of $150.26 and a 200 day moving average of $162.52. Atlassian Corporation PLC has a 52 week low of $115.53 and a 52 week high of $326.00. 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 posted its earnings results on Thursday, October 30th. The technology company reported $1.04 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.40 billion. During the same period last year, the company posted $0.77 EPS. The company's quarterly revenue was up 20.6% compared to the same quarter last year. As a group, research analysts expect that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.
Key Headlines Impacting Atlassian
Here are the key news stories impacting Atlassian this week:
- Positive Sentiment: Atlassian renewed its long-term, fan-first partnership with Williams F1 (continued brand exposure and marketing momentum). Atlassian Williams F1 Team and Kraken renew long-term fan-first partnership
- Positive Sentiment: Sparco joined the Atlassian Williams F1 Team as the official racewear and technical apparel supplier (another marketing/brand partnership). Sparco joins Atlassian Williams F1 Team as Official Racewear and Technical Apparel Supplier
- Neutral Sentiment: Reported short-interest data is inconsistent (entries list a “large increase” but show zero shares and a 0.0 days short-interest ratio), so short activity is not a clear driver based on this release. (Data appears unreliable.)
- Neutral Sentiment: Coverage explaining the day’s move is available and summarizes the mix of items pressuring shares. Why Atlassian (TEAM) Shares Are Falling Today
- Negative Sentiment: Insider selling: CEO Michael Cannon-Brookes and Director Scott Farquhar each sold 7,665 shares at ~$136.93 (~$1.05M each), reducing their holdings by ~2.17% — a near-term negative signal for investor sentiment. SEC Filing - Insider Sale
- Negative Sentiment: Analyst action: Robert W. Baird lowered its price target from $230 to $170 (still an “outperform” rating), trimming upside expectations and likely adding downward pressure. Atlassian price target lowered at Baird
- Negative Sentiment: Investor litigation probe: Pomerantz LLP announced an investigation into Atlassian on behalf of investors, which can increase legal risk and weigh on the stock until resolved. Pomerantz investor alert
Analysts Set New Price Targets
TEAM has been the topic of several recent research reports. Robert W. Baird reduced their price target on Atlassian from $230.00 to $170.00 and set an "outperform" rating on the stock in a research note on Monday. Piper Sandler reaffirmed an "overweight" rating on shares of Atlassian in a research report on Tuesday, January 13th. Zacks Research upgraded shares of Atlassian from a "strong sell" rating to a "hold" rating in a research note on Monday, November 3rd. Truist Financial set a $210.00 price objective on shares of Atlassian in a research note on Friday, October 31st. Finally, UBS Group set a $145.00 target price on shares of Atlassian in a research note on Tuesday. Twenty-one investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Atlassian presently has a consensus rating of "Moderate Buy" and an average target price of $231.54.
View Our Latest Report on TEAM
Hedge Funds Weigh In On Atlassian
Hedge funds have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Atlassian by 25.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 139,400 shares of the technology company's stock valued at $22,602,000 after purchasing an additional 28,001 shares during the last quarter. Exane Asset Management lifted its holdings in shares of Atlassian by 419.9% during the fourth quarter. Exane Asset Management now owns 31,363 shares of the technology company's stock valued at $5,085,000 after purchasing an additional 25,330 shares in the last quarter. Krilogy Financial LLC boosted its position in shares of Atlassian by 86.3% during the fourth quarter. Krilogy Financial LLC now owns 17,875 shares of the technology company's stock valued at $2,898,000 after buying an additional 8,282 shares during the last quarter. Earned Wealth Advisors LLC bought a new stake in Atlassian in the 4th quarter worth about $870,000. Finally, Financial Management Professionals Inc. raised its position in Atlassian by 17,900.0% in the 4th quarter. Financial Management Professionals Inc. now owns 720 shares of the technology company's stock worth $117,000 after buying an additional 716 shares during the last quarter. 94.45% of the stock is currently owned by hedge funds and other institutional investors.
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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