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Director Farquhar Scott of Atlassian Corp (NASDAQ:TEAM) sold 7,665 shares of Class A Common Stock on November 10, 2025, for a total of $1,211,064. The sales were executed at prices ranging from $155.3307 to $160.27.
The transactions were executed under a Rule 10b5-1 trading plan adopted on February 12, 2025. Following the transactions, Farquhar Scott indirectly holds 268,275 shares of Atlassian Corp Class A Common Stock through Farquhar Investment Partnership No. 2.
In other recent news, Atlassian Corporation has completed its acquisition of DX, a developer intelligence platform company, aiming to enhance its capabilities in measuring and improving developer productivity. The company reported better-than-expected results for its fiscal first quarter of 2026, with notable growth in cloud revenue and an increase in seat count for its Jira and Confluence products. This performance led Cantor Fitzgerald to reiterate its Overweight rating and maintain a $240 price target for Atlassian. Truist Securities, while maintaining a Buy rating, lowered its price target from $230 to $210, citing the end-of-life transition of data center offerings.
Piper Sandler also reiterated its Overweight rating, keeping a $300 price target, and highlighted the acceleration in Atlassian’s cloud growth due to successful customer migrations. Meanwhile, Goldman Sachs maintained its Buy rating with a $260 price target, noting the company’s modest beat-and-raise quarterly results. The transition from data center solutions to cloud-based offerings was a key factor in Atlassian’s recent performance, contributing to revenue and operating margin improvements. These developments reflect Atlassian’s strategic focus on cloud expansion and AI investments.
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