Atlassian corp director Farquhar Scott sells $1.5m in stock

Director Farquhar Scott of Atlassian Corp (NASDAQ:TEAM), the $52.11 billion software company known for its impressive 82.31% gross profit margins, sold 7,665 shares of Class A Common Stock on June 25, 2025, for approximately $1.5 million. The sales were executed at prices ranging from $197.9366 to $203.7145, close to InvestingPro’s current Fair Value assessment.

The transactions were executed under a Rule 10b5-1 trading plan adopted on February 12, 2025. The shares are held by Farquhar Investment Partnership No. 2.

Specifically, the sales comprised of the following: 1,103 shares sold at a weighted average price of $200.8799, 2,805 shares at $198.8127, 851 shares at $199.991, 579 shares at $201.7421, 1,604 shares at $197.9366, 521 shares at $203.2078 and 202 shares at $203.7145. Following the transactions, Farquhar Investment Partnership No. 2 directly owns 22,995 shares of Atlassian Corp.

In other recent news, Atlassian Corporation’s senior unsecured notes received an upgrade from Moody’s Ratings to Baa2, reflecting expectations of revenue growth driven by cloud subscriptions. Moody’s anticipates Atlassian’s revenues to grow by 20% or more over the next 12 to 24 months, with operating profit growth expected to outpace revenue growth. In analyst updates, Cantor Fitzgerald reduced Atlassian’s stock price target to $256, citing a shortfall in billings due to fewer multi-year Data Center deals, while maintaining an Overweight rating. Similarly, Stephens lowered its price target to $221, maintaining an Equal Weight rating, and noted that the market awaits further clarity from the company’s fourth-quarter results and fiscal year 2026 guidance. TD Cowen also adjusted its price target to $250, expressing caution due to economic uncertainties and questions about Atlassian’s ability to monetize artificial intelligence. Additionally, Atlassian announced board changes, with Karen Dykstra joining as a new director following Enrique Salem’s retirement. These developments highlight the company’s ongoing efforts to navigate a dynamic business environment while leveraging its strong financial position and product portfolio.

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