Atlassian director Farquhar Scott sells $1.27 million in stock

Director Farquhar Scott of Atlassian Corp (NASDAQ:TEAM), a $44.36 billion market cap company with impressive gross margins of 82.84%, sold 7,923 shares of Class A Common Stock on October 21, 2025, according to a recent Form 4 filing. The sales were executed at prices ranging from $159.2057 to $168.9209, resulting in a total transaction value of $1.27 million. According to InvestingPro analysis, the stock is currently trading slightly above its Fair Value.

The filing indicates that these transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted by Farquhar on February 12, 2025. The shares are held by Farquhar Investment Partnership No. 2. Following the sales, Farquhar Investment Partnership No. 2. beneficially owns 375,585 shares of Atlassian Corp. Despite not being profitable in the last twelve months, InvestingPro data shows strong revenue growth of 19.66%. Get access to 8 more key insights and a comprehensive Pro Research Report available exclusively on InvestingPro.

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 aims to develop an AI-powered browser tailored for knowledge workers, enhancing the management of multiple SaaS applications. Additionally, Bernstein SocGen Group has maintained its Outperform rating and a $296 price target on Atlassian, following the company’s announcement of the acquisition of The Browser Co. for $610 million and DX for $1 billion. These acquisitions are anticipated to close by the end of the year.

Canaccord Genuity reiterated its Buy rating on Atlassian with a price target of $230, highlighting the company’s shift of Data Center customers to Cloud deployments, which may lead to pricing increases. Wells Fargo initiated coverage on Atlassian with an Overweight rating and a $216 price target, emphasizing the potential in cloud and AI platforms. The firm noted strong pricing and opportunities for upselling and cross-selling. These developments reflect Atlassian’s strategic focus on expanding its capabilities and market presence.

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