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Director Farquhar Scott of Atlassian Corp (NASDAQ:TEAM), the software giant currently valued at $54.3 billion with impressive gross profit margins of 82%, sold 7,665 shares of Class A Common Stock on July 3, 2025, for a total of $1.64 million. According to InvestingPro analysis, the stock is currently trading near its Fair Value. The sales were executed in multiple transactions at prices ranging from $209.8326 to $215.8925.
The shares sold are held by Farquhar Investment Partnership No. 2. The transactions were executed pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 12, 2025. Following the transactions, Farquhar Scott indirectly owns 467,565 shares of Atlassian Corp.
In other recent news, Atlassian Corporation has seen several notable developments. Moody’s Ratings upgraded Atlassian’s senior unsecured notes to Baa2, citing expectations of revenue growth of 20% or more over the next 12 to 24 months, primarily driven by increased cloud subscription revenues. The company is also anticipated to generate approximately $1.75 billion in free cash flow for the fiscal year ending June 2026. Meanwhile, Cantor Fitzgerald adjusted Atlassian’s stock price target to $256 from $272, maintaining an Overweight rating, following a third-quarter performance that aligned with expectations but showed a shortfall in billings. Stephens also revised its price target to $221 from $255, maintaining an Equal Weight rating and expressing caution until further visibility is gained from upcoming fiscal guidance. TD Cowen reduced its price target to $250 from $320, retaining a Hold rating and noting concerns about IT budget scrutiny and the company’s ability to monetize artificial intelligence. Additionally, Atlassian announced board changes with the retirement of long-serving director Enrique Salem and the appointment of Karen Dykstra, former CFO of VMware, Inc., to the board.
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