What happens to stocks if AI loses momentum?
Director Farquhar Scott of Atlassian Corp (NASDAQ:TEAM), a $41.6 billion software company, sold 7,115 shares of Class A Common Stock on August 11, 2025, for approximately $1.25 million. The sales were executed in multiple transactions at prices ranging from $158.7222 to $170.765. The stock, which has declined nearly 50% over the past six months, is currently trading at $157.96. According to InvestingPro analysis, Atlassian holds more cash than debt on its balance sheet, maintaining strong financial flexibility.
The sales were executed pursuant to a Rule 10b5-1 trading plan adopted by Farquhar on February 12, 2025. Following the transactions, Farquhar Investment Partnership No. 2 indirectly holds 268,275 shares of Atlassian Corp. For deeper insights into Atlassian’s valuation and 13 additional exclusive ProTips, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Atlassian Corporation has released its fourth-quarter earnings, revealing notable developments. The company reported a total revenue growth of 22% year-over-year, surpassing Wall Street’s expectation of 20% growth, with strong performance in large deals and healthy cloud migration activity. Despite these positive earnings, several analyst firms have lowered their price targets for Atlassian. Stephens reduced its price target to $202, citing mixed fourth-quarter results and a light first-quarter guidance for fiscal year 2026. Truist Securities adjusted its target to $230, noting that while the fourth-quarter results exceeded estimates, the fiscal year 2026 outlook prompted the revision. Bernstein set its target at $296, emphasizing that Atlassian’s earnings beat expectations, particularly in revenue and cloud revenue. TD Cowen lowered its target to $220, highlighting concerns over artificial intelligence affecting SaaS companies despite solid results. Mizuho (NYSE:MFG) also adjusted its target to $235, reflecting on Atlassian’s strong revenue growth and performance in large deals.
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