SAP sued by o9 Solutions over alleged trade secret theft
Director Farquhar Scott of Atlassian Corp (NASDAQ:TEAM) sold 8,565 shares of Class A Common Stock on November 21, 2025, for approximately $1.1 million. The sales were executed in multiple transactions with prices ranging from $140.662 to $146.3636. The transactions come as Atlassian trades near its 52-week low of $139.70, with the stock down nearly 30% over the past six months. According to InvestingPro, the company is currently undervalued based on its Fair Value assessment.
The transactions were executed under a Rule 10b5-1 trading plan adopted on February 12, 2025.
Following the transactions, Farquhar Scott indirectly holds 199,290 shares of Atlassian Corp through Farquhar Investment Partnership No. 2. Despite not being profitable over the last twelve months, Atlassian maintains impressive gross profit margins of 83.45% and holds more cash than debt on its balance sheet. InvestingPro reveals 10 additional tips about Atlassian and offers comprehensive Pro Research Reports that transform complex data into actionable intelligence for smarter investing decisions.
In other recent news, Atlassian Corporation reported better-than-expected results for its fiscal first quarter of 2026. The company saw significant growth in cloud revenue and total revenue, with notable increases in seat counts for its Jira and Confluence products. These results surpassed expectations even after accounting for the end-of-life strategy for its data center offerings. Additionally, Atlassian completed the acquisition of DX, an engineering intelligence firm, to enhance its capabilities in measuring and improving developer productivity and providing insights into AI investments.
In terms of analyst ratings, Cantor Fitzgerald reiterated its Overweight rating and maintained a $240 price target for Atlassian, citing growth in AI as a positive factor. Meanwhile, Bernstein raised its price target to $304, reflecting an anticipated stronger contribution from the data center end-of-life strategy. On the other hand, Truist Securities lowered its price target to $210, though it maintained a Buy rating, highlighting the company’s successful cloud migrations and upsell performance. These developments indicate ongoing interest and varied perspectives from the analyst community regarding Atlassian’s future performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.