Scott Farquhar Sells 7,665 Shares of Atlassian (NASDAQ:TEAM) Stock

Atlassian Corporation PLC (NASDAQ:TEAM) Director Scott Farquhar sold 7,665 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $116.40, for a total transaction of $892,206.00. Following the completion of the sale, the director owned 298,935 shares of the company’s stock, valued at $34,796,034. This trade represents a 2.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Scott Farquhar also recently made the following trade(s):

• On Friday, January 30th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $119.15, for a total value of $913,284.75.
• On Wednesday, January 28th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $135.44, for a total value of $1,038,147.60.
• On Monday, January 26th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $136.93, for a total value of $1,049,568.45.
• On Thursday, January 22nd, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $126.11, for a total value 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 value 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 stock was sold at an average price of $145.91, for a total transaction 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.

Atlassian Trading Up 0.0%

Shares of TEAM stock opened at $105.04 on Thursday. Atlassian Corporation PLC has a 12-month low of $98.71 and a 12-month high of $326.00. The company has a market capitalization of $27.64 billion, a PE ratio of -147.94, a price-to-earnings-growth ratio of 16.26 and a beta of 0.88. The firm has a 50 day moving average price of $146.59 and a two-hundred day moving average price of $159.58. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.72.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. BTIG Research reiterated a “buy” rating and set a $220.00 price objective on shares of Atlassian in a research report on Tuesday, January 13th. UBS Group set a $145.00 price target on shares of Atlassian in a research report on Tuesday, January 27th. Canaccord Genuity Group reiterated a “buy” rating and issued a $230.00 price objective on shares of Atlassian in a research note on Wednesday, October 22nd. Piper Sandler restated an “overweight” rating on shares of Atlassian in a research report on Tuesday, January 13th. Finally, Truist Financial set a $210.00 price target on Atlassian in a research report on Friday, October 31st. Twenty equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $221.44.

Key Stories Impacting Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Atlassian announced a multi‑year partnership with Anthropic/Williams F1 to integrate Claude as the team’s “Official Thinking Partner,” which raises Atlassian’s AI profile and could support future product integrations and commercial opportunities. Anthropic partnership
• Positive Sentiment: Analyst previews (Zacks) expect Q2 to benefit from cloud/AI tool demand and steady Jira/Confluence adoption — a fundamental tailwind to watch into earnings. Zacks earnings preview
• Positive Sentiment: Some outlets highlight large upside scenarios for TEAM tied to AI adoption, signaling that several analysts still see meaningful recovery potential over a 12‑month horizon. Bullish analyst view
• Neutral Sentiment: Marketing/PR from the Williams F1 sponsorship (new livery, ads) boosts brand visibility but is unlikely to move fundamentals by itself in the near term. F1 livery coverage
• Neutral Sentiment: Reported short‑interest metrics currently show effectively zero shorted shares and a 0.0 days‑to‑cover figure — a technical datapoint that appears immaterial to immediate price action.
• Negative Sentiment: CNBC notes broad software weakness as AI competition (e.g., Anthropic features) spooks investors and pressures cloud/software multiples — a sector headwind that can push TEAM shares lower even if company fundamentals stay intact. CNBC sector note
• Negative Sentiment: Analysts Cantor Fitzgerald and BMO cut price targets (CF: $240→$146; BMO: $195→$135) — even though both keep constructive ratings, the lower targets reduce near‑term upside expectations and contribute to selling pressure. Cantor Fitzgerald note BMO note
• Negative Sentiment: Co‑founders/insiders (CEO Michael Cannon‑Brookes and director Scott Farquhar) recently sold multiple identical blocks (~7,665 shares each), a pattern of repeated insider sales that has amplified investor concern about insider conviction and likely added near‑term selling pressure. SEC filing — insider sales

Institutional Investors Weigh In On Atlassian

Several hedge funds and other institutional investors have recently made changes to their positions in TEAM. Capco Asset Management LLC bought a new stake in shares of Atlassian during the second quarter worth $25,000. Physician Wealth Advisors Inc. grew its position in 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 acquiring an additional 61 shares during the last quarter. Atlantic Union Bankshares Corp increased its holdings in Atlassian by 19,900.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company’s stock worth $32,000 after purchasing an additional 199 shares in the last quarter. Board of the Pension Protection Fund bought a new position in Atlassian in the fourth quarter valued at about $32,000. Finally, Bogart Wealth LLC boosted its stake in shares of Atlassian by 76.4% during the fourth quarter. Bogart Wealth LLC now owns 217 shares of the technology company’s stock valued at $35,000 after purchasing an additional 94 shares in the last quarter. 94.45% of the stock is owned by institutional investors.

Atlassian Company Profile

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.