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

Atlassian Corporation PLC (NASDAQ:TEAM) Director Scott Farquhar sold 7,665 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $116.40, for a total value of $892,206.00. Following the sale, the director directly owned 306,600 shares in the company, valued at $35,688,240. This trade represents a 2.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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 transaction of $913,284.75.
• 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 transaction 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 transaction 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 transaction 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 transaction 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 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 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 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.

Atlassian Price Performance

Shares of Atlassian stock opened at $105.00 on Wednesday. The stock has a market cap of $27.63 billion, a price-to-earnings ratio of -147.89, a price-to-earnings-growth ratio of 17.61 and a beta of 0.88. 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 $147.45 and a 200-day moving average price of $159.96. Atlassian Corporation PLC has a one year low of $100.92 and a one year high of $326.00.

Key Stories Impacting Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Atlassian announced a multi‑year partnership that integrates Anthropic’s Claude as the Atlassian Williams F1 Team’s “Official Thinking Partner,” raising the company’s profile in frontier AI integrations and offering potential product/commercial tie‑ins. Anthropic and Atlassian Williams F1 Team announce multi-year partnership
• Positive Sentiment: Analyst previews (Zacks) expect Q2 to benefit from continued cloud adoption, AI tooling and steady demand for Jira/Confluence — fundamental drivers that could support revenue and limit downside at upcoming earnings. Atlassian to Report Q2 Earnings: What’s in Store for the Stock?
• Positive Sentiment: Some outlets and analysts highlight large upside potential for Atlassian tied to AI adoption trends — a positive thematic signal that could support a recovery if execution and guidance match expectations. Software Bear Market: 2 AI Stocks to Buy…
• Neutral Sentiment: Marketing/PR items tied to the Williams F1 sponsorship (new livery, ads) increase brand visibility but are unlikely to move fundamentals on their own. Atlassian Williams F1 Team reveals bold new racing livery for 2026
• Neutral Sentiment: Reported short interest data shows effectively zero reported short shares and a 0.0 days‑to‑cover metric — a technical datapoint that currently appears immaterial to near‑term price pressure.
• Negative Sentiment: CEO Michael Cannon‑Brookes sold 7,665 shares (late Jan/early Feb), reducing his stake ~2.4%; repeated insider sales from top executives can weigh on investor sentiment even if proceeds are for diversification. SEC filing — CEO sale
• Negative Sentiment: Director/co‑founder Scott Farquhar sold an identical block of 7,665 shares on the same dates, amplifying concerns about insider conviction and contributing to near‑term selling pressure. SEC filing — Director sale

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TEAM. Zacks Research upgraded shares of Atlassian from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. The Goldman Sachs Group reissued a “buy” rating and issued a $260.00 price objective on shares of Atlassian in a research report on Friday, October 31st. Canaccord Genuity Group restated a “buy” rating and set a $230.00 target price on shares of Atlassian in a research report on Wednesday, October 22nd. Macquarie cut their target price on Atlassian from $250.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. Finally, TD Cowen decreased their price target on Atlassian from $205.00 to $175.00 and set a “hold” rating for the company in a research note on Tuesday, January 20th. Twenty research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Atlassian presently has an average rating of “Moderate Buy” and a consensus price target of $227.60.

Institutional Trading of Atlassian

Several institutional investors and hedge funds have recently modified their holdings of the stock. DNB Asset Management AS grew its stake in Atlassian by 266.6% in the third quarter. DNB Asset Management AS now owns 2,806,888 shares of the technology company’s stock worth $448,260,000 after purchasing an additional 2,041,210 shares in the last quarter. Norges Bank purchased a new stake in shares of Atlassian in the 2nd quarter worth $377,794,000. Artisan Partners Limited Partnership grew its position in shares of Atlassian by 66.3% during the 2nd quarter. Artisan Partners Limited Partnership now owns 3,878,133 shares of the technology company’s stock worth $787,610,000 after buying an additional 1,545,546 shares in the last quarter. Pictet Asset Management Holding SA increased its stake in shares of Atlassian by 38.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 3,950,852 shares of the technology company’s stock valued at $640,628,000 after buying an additional 1,090,787 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Atlassian by 6.0% in the third quarter. Vanguard Group Inc. now owns 18,479,561 shares of the technology company’s stock valued at $2,951,186,000 after acquiring an additional 1,049,483 shares in the last quarter. Institutional investors own 94.45% of the company’s stock.

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.