SoFi stock falls after announcing $1.5B public offering of common stock
Director Farquhar Scott of Atlassian Corp (NASDAQ:TEAM) sold 6,565 shares of Class A Common Stock on November 4, 2025, according to a new SEC filing. The sales were executed at prices ranging from $162.7879 to $173.93, resulting in a total transaction value of $1,266,599. The transaction comes as Atlassian shares have declined 32% year-to-date, with the stock currently trading at $161.46. According to InvestingPro analysis, Atlassian is currently fairly valued based on its comprehensive Fair Value model.
The shares are held by Farquhar Investment Partnership No. 2. The sales were executed under a Rule 10b5-1 trading plan adopted by the reporting person on February 12, 2025. Following the transactions, Farquhar Investment Partnership No. 2 indirectly holds 298,935 shares of Atlassian Corp.Despite not being profitable over the last twelve months, InvestingPro data shows 20 analysts have revised their earnings upwards for the upcoming period, with the company expected to be profitable this year. Atlassian maintains impressive gross profit margins of 83.45% and operates with moderate debt levels. Discover more insights with the comprehensive Pro Research Report, available for Atlassian and 1,400+ other top US equities.
In other recent news, Atlassian Corporation reported its fiscal first-quarter 2026 results, showcasing better-than-expected revenue growth. The company experienced notable growth in both its cloud revenue and total revenue, with products like Jira and Confluence seeing an increase in seat growth. Mizuho responded to these strong results by raising its price target for Atlassian to $245, maintaining an Outperform rating. Similarly, Cantor Fitzgerald reiterated its Overweight rating with a $240 price target, highlighting Atlassian’s growth in artificial intelligence. Piper Sandler also maintained its Overweight rating and $300 price target, noting the acceleration in cloud growth due to successful customer migrations. Despite these positive outcomes, Truist Securities adjusted its price target to $210, citing the end-of-life for data center offerings, though it kept a Buy rating. Goldman Sachs maintained its Buy rating and $260 price target, attributing part of the revenue increase to the Data Center End-of-Life transition. These developments reflect the company’s ongoing transition to cloud-based solutions and the impact of strategic shifts on its financial performance.
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