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Director Scott Farquhar of Atlassian Corp (NASDAQ:TEAM), the $43.39 billion software company, sold 7,663 shares of Class A Common Stock on October 23, 2025, according to a recent SEC Form 4 filing. The sales, executed under a pre-arranged Rule 10b5-1 trading plan, resulted in gross proceeds of $1.26 million. The transaction comes as the stock has declined over 32% in the past six months, according to InvestingPro data.
The transactions occurred at prices ranging from $163.9672 to $167.932 per share. Specifically, the director sold 500 shares at a weighted average price of $166.7497, 1,027 shares at $165.6945, 2,742 shares at $164.7951, 3,146 shares at $163.9672 and 250 shares at $167.932.
Following the reported transactions, Farquhar Investment Partnership No. 2, an entity through which Farquhar indirectly holds shares, owns 360,255 shares of Atlassian stock.
In other recent news, Atlassian Corporation has completed its acquisition of The Browser Company of New York Inc., known for creating the Dia and Arc browsers. This move is part of Atlassian’s strategy to develop an AI-powered browser tailored for knowledge workers. Meanwhile, Bernstein SocGen Group has maintained its Outperform rating on Atlassian, keeping the stock price target at $296, as they evaluate potential revenue impacts from changes in Data Center contract licenses. KeyBanc has adjusted its price target for Atlassian to $210 from $250, citing concerns about general AI risks, but continues to rate the stock as Overweight.
Canaccord Genuity reiterated its Buy rating with a price target of $230, recognizing Atlassian as a "best-in-class asset" transitioning customers from Data Center to Cloud, which could lead to pricing increases. Wells Fargo initiated coverage with an Overweight rating and a price target of $216, highlighting the company’s cloud and AI potential, as well as opportunities for upselling and cross-selling. These developments reflect ongoing strategic moves and analyst evaluations impacting Atlassian’s market positioning.
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