Atlassian (NASDAQ:TEAM) Director Sells $1,049,568.45 in Stock

Atlassian Corporation PLC (NASDAQ:TEAM) Director Scott Farquhar sold 7,665 shares of the stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $136.93, for a total transaction of $1,049,568.45. Following the completion of the transaction, the director directly owned 337,260 shares of the company’s stock, valued at approximately $46,181,011.80. The trade was a 2.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, January 28th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $135.44, for a total value of $1,038,147.60.
• 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 stock was 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 stock was sold at an average price of $147.15, for a total value 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 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.
• 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.

Atlassian Stock Down 10.7%

Shares of NASDAQ TEAM opened at $120.38 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 stock has a 50 day moving average price of $149.55 and a 200 day moving average price of $162.03. Atlassian Corporation PLC has a 52-week low of $115.01 and a 52-week high of $326.00. The firm has a market capitalization of $31.67 billion, a price-to-earnings ratio of -169.55, a PEG ratio of 20.87 and a beta of 0.88.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings data on Thursday, October 30th. The technology company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.21. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.11%. Atlassian’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 firm posted $0.77 earnings per share. Sell-side analysts expect that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TEAM has been the topic of several analyst reports. BMO Capital Markets lifted their target price on Atlassian from $190.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Piper Sandler reaffirmed an “overweight” rating on shares of Atlassian in a research report on Tuesday, January 13th. Truist Financial set a $210.00 target price on shares of Atlassian in a research report on Friday, October 31st. Zacks Research raised shares of Atlassian from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $230.00 price objective on shares of Atlassian in a report on Wednesday, October 22nd. Twenty-one equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $231.54.

Hedge Funds Weigh In On Atlassian

Hedge funds have recently made changes to their positions in the company. Washington Capital Management Inc. raised its holdings in shares of Atlassian by 76.2% during the fourth quarter. Washington Capital Management Inc. now owns 3,700 shares of the technology company’s stock worth $600,000 after purchasing an additional 1,600 shares during the last quarter. Pictet Asset Management Holding SA grew its position in Atlassian by 38.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 3,950,852 shares of the technology company’s stock worth $640,628,000 after purchasing an additional 1,090,787 shares during the period. Verdence Capital Advisors LLC raised its stake in shares of Atlassian by 3.0% during the 4th quarter. Verdence Capital Advisors LLC now owns 3,079 shares of the technology company’s stock valued at $499,000 after buying an additional 89 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Atlassian by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 18,541,267 shares of the technology company’s stock valued at $3,006,281,000 after buying an additional 61,706 shares during the period. Finally, Concurrent Investment Advisors LLC purchased a new stake in shares of Atlassian in the fourth quarter worth about $2,210,000. 94.45% of the stock is owned by institutional investors and hedge funds.

Key Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: New marketing exposure — Atlassian’s Williams F1 team added Wilkinson Sword as an official partner, extending brand reach and sponsorship visibility that can help enterprise awareness and demand generation. Atlassian Williams F1 Team welcomes Wilkinson Sword as Official Men’s Grooming Partner
• Neutral Sentiment: AI competition analysis — Coverage examines Anthropic’s Cowork as a potential disruptor to Atlassian’s collaboration/workflow tools; impact is speculative now but increases competitive risk in AI-enabled workflows. Atlassian Faces AI Disruption: Analyzing the Impact of Anthropic’s Cowork
• Neutral Sentiment: Explanatory coverage is available summarizing the mix of drivers putting pressure on shares today (useful context but not new company-specific fundamentals). Why Atlassian Corporation’s (TEAM) Stock Is Down 12.94%
• Negative Sentiment: Insider selling — Director Scott Farquhar (and reporting indicates CEO activity) executed multiple share sales in January; repeated insider sales at current levels are a near‑term negative signal for investor confidence. Insider Selling: Atlassian Director Sells Shares
• Negative Sentiment: Legal risk — Pomerantz LLP opened an investor investigation into Atlassian, which can prolong downward pressure until any claims are resolved or dismissed. Pomerantz investor alert
• Negative Sentiment: Analyst target cut — Robert W. Baird trimmed its price target (reducing near‑term upside expectations); analyst downgrades/target cuts amplify selling pressure. Robert W. Baird Lowers Expectations for Atlassian
• Negative Sentiment: Short interest and 52‑week low — Data show a meaningful increase in short interest earlier in January and headlines note the stock hit a new 52‑week low, both signaling bearish positioning and momentum that can exacerbate declines. Atlassian stock hits 52-week low at 115.37 USD

About Atlassian

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.