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Director Scott Farquhar of Atlassian Corp (NASDAQ:TEAM), the $44.3 billion software company, sold 7,605 shares of Class A Common Stock on August 15, 2025, according to a recent Form 4 filing. The sales, executed under a pre-arranged 10b5-1 trading plan, fetched a total of $1.28 million. InvestingPro data shows the stock has declined significantly, with a -47% return over the past six months.
The transactions occurred at prices ranging from $162.695 to $168.5998.
Following the reported transactions, Farquhar Investment Partnership No. 2, now indirectly holds 237,615 shares of Atlassian stock.
In other recent news, Atlassian Corporation’s fourth-quarter earnings report has sparked a series of reactions from analysts, leading to several adjustments in stock price targets. Stephens reduced its price target to $202, citing mixed fourth-quarter results and a light first-quarter guidance for fiscal year 2026. Truist Securities also lowered its target to $230, despite Atlassian exceeding their top and bottom-line estimates, attributing the adjustment to the FY26 outlook. Bernstein, maintaining an Outperform rating, decreased its price target to $296, noting that Atlassian’s revenue and cloud revenue surpassed expectations by 2.2% and 2.7%, respectively. TD Cowen dropped its price target to $220, influenced by concerns over artificial intelligence affecting SaaS companies, while acknowledging solid fourth-quarter results. Lastly, Mizuho (NYSE:MFG) set a new target at $235, highlighting Atlassian’s 22% year-over-year revenue growth, which exceeded Wall Street’s 20% expectation, and noted strong performance in large deals and cloud migration. These developments reflect varied analyst perspectives on Atlassian’s recent financial performance and future prospects.
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