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Director Farquhar Scott of Atlassian Corp (NASDAQ:TEAM) sold 7,665 shares of Class A Common Stock on June 30, 2025, according to a recent SEC Form 4 filing. The sales were executed at weighted average prices ranging from $202.6967 to $204.1238, resulting in a total transaction value of approximately $1.55 million. The transaction comes as Atlassian, currently valued at $53.5 billion, maintains impressive gross profit margins of 82.3%. According to InvestingPro analysis, the stock appears to be trading near its Fair Value, with 8 additional key insights available to subscribers.
Specifically, the transactions involved three separate sales. The director sold 264 shares at a weighted average price of $204.1238, 2,747 shares at a weighted average price of $202.6967 and 4,654 shares at a weighted average price of $203.3773. The stock has shown resilience, trading well above its 52-week low of $135.29, though analysts expect a transition to profitability this year despite current losses.
The shares are indirectly held by Farquhar Investment Partnership No. 2. The sales were conducted under a Rule 10b5-1 trading plan adopted on February 12, 2025. Following the transactions, Farquhar Investment Partnership No. 2 holds 7,401 shares. For comprehensive analysis of Atlassian’s financial health and detailed valuation metrics, access the full Pro Research Report available on InvestingPro.
In other recent news, Atlassian Corporation’s senior unsecured notes were upgraded by Moody’s Ratings to Baa2 from Baa3, with a stable outlook. Moody’s anticipates significant revenue growth of 20% or more over the next 12 to 24 months, primarily driven by cloud subscription revenues. On the analyst front, Cantor Fitzgerald revised Atlassian’s stock price target to $256, citing a shortfall in multi-year Data Center deals, while maintaining an Overweight rating. Similarly, Stephens reduced its price target to $221, expressing a cautious stance but recognizing the company’s strong growth prospects. TD Cowen also adjusted its price target to $250, retaining a Hold rating due to concerns over IT budget scrutiny and partner structure changes.
In corporate governance, Atlassian announced the retirement of Enrique Salem from its board and appointed Karen Dykstra, former CFO of VMware, as a new director. Dykstra’s appointment brings her financial expertise and leadership to the board, and she will serve on the Audit Committee. These developments reflect Atlassian’s ongoing strategic adjustments and performance evaluations amidst evolving market conditions.
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