Insider Selling: Atlassian (NASDAQ:TEAM) Director Sells $805,898.10 in Stock

Posted by ABMN Staff on Feb 8th, 2026

Atlassian Corporation PLC (NASDAQ:TEAM – Get Free Report) Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $105.14, for a total transaction of $805,898.10. Following the sale, the director owned 283,605 shares in the company, valued at $29,818,229.70. This represents a 2.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

On Friday, February 6th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $94.81, for a total transaction of $726,718.65.
On Monday, February 2nd, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $116.40, for a total transaction of $892,206.00.
On Friday, January 30th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $119.15, for a total transaction 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 shares were 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 stock was 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 shares were sold at an average price of $120.82, for a total value 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 value of $1,024,503.90.
On Monday, January 12th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $147.15, for a total transaction of $1,127,904.75.

Atlassian Stock Down 3.7%

TEAM opened at $94.72 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $24.92 billion, a price-to-earnings ratio of -131.55, a PEG ratio of 14.67 and a beta of 0.88. Atlassian Corporation PLC has a twelve month low of $92.32 and a twelve month high of $326.00. The firm’s 50-day simple moving average is $144.50 and its 200-day simple moving average is $158.18.

Atlassian (NASDAQ:TEAM – Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The technology company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.10. Atlassian had a negative return on equity of 6.60% and a negative net margin of 3.29%.The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period last year, the company earned $0.96 earnings per share. The company’s revenue was up 23.3% on a year-over-year basis. Equities research analysts anticipate that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TEAM shares. Jefferies Financial Group set a $150.00 price objective on shares of Atlassian in a research note on Friday. Zacks Research raised shares of Atlassian from a “strong sell” rating to a “hold” rating in a research report on Monday, November 3rd. Robert W. Baird set a $140.00 price target on shares of Atlassian in a report on Friday. TD Cowen dropped their price objective on Atlassian from $205.00 to $175.00 and set a “hold” rating on the stock in a research note on Tuesday, January 20th. Finally, Wells Fargo & Company reduced their target price on Atlassian from $216.00 to $155.00 and set an “overweight” rating on the stock in a report on Friday. Twenty analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $191.32.

Read Our Latest Research Report on TEAM

Institutional Trading of Atlassian

A number of institutional investors have recently modified their holdings of the company. SBI Securities Co. Ltd. increased its position in Atlassian by 50.7% during the third quarter. SBI Securities Co. Ltd. now owns 40,546 shares of the technology company’s stock worth $6,475,000 after acquiring an additional 13,643 shares during the period. Mediolanum International Funds Ltd grew its position in shares of Atlassian by 108.4% during the 3rd quarter. Mediolanum International Funds Ltd now owns 41,963 shares of the technology company’s stock worth $6,937,000 after purchasing an additional 21,829 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Atlassian by 20.3% during the third quarter. Nordea Investment Management AB now owns 721,690 shares of the technology company’s stock worth $114,695,000 after purchasing an additional 121,541 shares during the period. Allianz Asset Management GmbH raised its position in shares of Atlassian by 28.6% in the second quarter. Allianz Asset Management GmbH now owns 102,194 shares of the technology company’s stock valued at $20,755,000 after buying an additional 22,701 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Atlassian by 3.7% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 258,299 shares of the technology company’s stock valued at $52,458,000 after buying an additional 9,274 shares during the period. 94.45% of the stock is currently owned by institutional investors.

Key Stories Impacting Atlassian

Here are the key news stories impacting Atlassian this week:

Positive Sentiment: Q2 beat — Atlassian reported $1.22 EPS vs. $1.12 expected and revenue of $1.59B (vs. $1.54B est.), with revenue up ~23% y/y, a near-term fundamental positive for growth momentum. Atlassian Q2 Earnings Surpass Expectations
Positive Sentiment: Management raised its fiscal 2026 revenue forecast, citing resilient enterprise spending and accelerating AI adoption — supports the company’s multi-quarter revenue outlook. Atlassian Raises Annual Revenue Forecast (Reuters)
Positive Sentiment: Company targets 20%+ annual revenue growth through FY27 and cites record cloud revenue and AI integrations — a constructive strategic signal if execution continues. Seeking Alpha: Growth Target
Positive Sentiment: Unusual options activity — a spike to ~14,021 calls purchased (≈51% above normal), which can indicate tactical bullish positioning by traders.
Neutral Sentiment: Analysts trimmed price targets but kept favorable ratings (Morgan Stanley, Mizuho, BTIG among others) — reduces near-term implied upside but preserves buy/overweight bias. Benzinga: Analyst Target Changes
Negative Sentiment: Insider selling — directors/co‑founders disclosed multiple recent sales (7,665 shares each), a visible negative for investor sentiment and a factor pressuring the stock. SEC Filing: Insider Sales
Negative Sentiment: Cantor Fitzgerald and some other brokers cut price targets sharply (e.g., Cantor to $146), and sector-wide AI fears are amplifying downside pressure. Cantor Fitzgerald Target Cut
Negative Sentiment: Market reaction: coverage notes shares dipped despite the beat as investors worry cloud growth may slow and AI competition/feature rollouts elsewhere increase volatility. Investing.com: Shares Dip

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.