Insider Selling: Atlassian (NASDAQ:TEAM) Director Sells 7,665 Shares of Stock

Atlassian Corporation PLC (NASDAQ:TEAM) Director Scott Farquhar sold 7,665 shares of the stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $120.82, for a total value of $926,085.30. Following the transaction, the director directly owned 383,250 shares of the company’s stock, valued at $46,304,265. This trade represents a 1.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Wednesday, January 14th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was 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 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 shares were 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 shares were 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 stock was sold at an average price of $162.68, for a total value of $1,246,942.20.
• On Monday, December 29th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $163.66, for a total value 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 value of $1,245,792.45.
• On Friday, December 19th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $162.40, for a total value of $1,244,796.00.

Atlassian Stock Performance

Shares of TEAM traded down $9.90 during trading hours on Friday, hitting $118.55. The company had a trading volume of 8,275,674 shares, compared to its average volume of 4,071,494. The firm has a market cap of $31.19 billion, a price-to-earnings ratio of -166.97, a PEG ratio of 20.44 and a beta of 0.88. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.72. The business has a fifty day moving average of $154.63 and a 200-day moving average of $167.75. Atlassian Corporation PLC has a 12 month low of $118.08 and a 12 month high of $326.00.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the prior year, the firm earned $0.77 EPS. The business’s revenue was up 20.6% on a year-over-year basis. Equities analysts anticipate that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Key Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: BTIG reiterated a “Buy” and a $220 target, which provides analyst support that could attract value buyers and limit further downside. Atlassian (NASDAQ:TEAM) Earns Buy Rating from BTIG Research
• Positive Sentiment: Atlassian added Anil Sabharwal (Google alumnus) to the board — brings product/AI experience that may help execution on AI-enabled roadmap and reassure investors on governance. Atlassian Appoints Anil Sabharwal to Board of Directors
• Neutral Sentiment: Keeper Security announced a KeeperPAM deployment to strengthen cyber defences for the Atlassian Williams F1 team — positive for brand and security posture but unlikely to move fundamentals near term. Keeper Security Strengthens Atlassian Williams F1 Team’s Cyber Defences With KeeperPAM
• Neutral Sentiment: PR/partnership coverage around the Atlassian Williams F1 sponsorship and a Clovity hire to accelerate integrations in regulated sectors improve brand/GTM visibility but are unlikely to change near‑term revenue trends. Why you should be supporting Atlassian Williams F1 Team
• Negative Sentiment: Extensive insider selling: CEO/co‑founders have repeatedly sold 7,665‑share blocks in Dec–Jan (recent filings show sales in the $133–$163 range), creating clear downward pressure and raising investor concern about timing/intent. Atlassian (NASDAQ:TEAM) CEO Sells $1,024,503.90 in Stock
• Negative Sentiment: Sector risk from new “agentic” AI tools (e.g., Claude Code) that can autonomously write/test full stacks — analysts warn this could cannibalize license revenue and reduce demand for standalone workflow tools like some Atlassian products. 3 Stocks to Avoid as Software Sector Stumbles
• Negative Sentiment: Coverage noting a new 12‑month low and heightened negative press following the insider selling cycle — amplifies near‑term selling pressure and market skepticism about valuation/execution. Atlassian (NASDAQ:TEAM) Hits New 12-Month Low After Insider Selling

Analysts Set New Price Targets

Several research firms recently weighed in on TEAM. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $240.00 price objective on shares of Atlassian in a research report on Friday, October 31st. Bank of America began coverage on shares of Atlassian in a report on Tuesday, September 23rd. They set a “neutral” rating and a $200.00 price target for the company. Jefferies Financial Group set a $262.00 price objective on shares of Atlassian in a research note on Thursday. Truist Financial set a $210.00 target price on Atlassian in a research note on Friday, October 31st. Finally, TD Cowen decreased their price target on Atlassian from $220.00 to $205.00 and set a “hold” rating on the stock in a research note on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Atlassian has a consensus rating of “Moderate Buy” and a consensus price target of $237.31.

Hedge Funds Weigh In On Atlassian

A number of institutional investors and hedge funds have recently bought and sold shares of TEAM. Capco Asset Management LLC bought a new stake in shares of Atlassian during the second quarter worth about $25,000. Physician Wealth Advisors Inc. grew its holdings 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 grew its holdings in Atlassian by 19,900.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company’s stock worth $32,000 after acquiring an additional 199 shares during the last quarter. Board of the Pension Protection Fund acquired a new position in Atlassian in the 4th quarter valued at approximately $32,000. Finally, Geneos Wealth Management Inc. raised its position in Atlassian by 447.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock worth $42,000 after purchasing an additional 161 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

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.