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Director Scott Farquhar of Atlassian Corp (NASDAQ:TEAM), the $49.24 billion software company known for its impressive 82.31% gross profit margins, sold 7,665 shares of Class A Common Stock on July 14, 2025, according to a recent SEC Form 4 filing. The sales, executed under a pre-arranged Rule 10b5-1 trading plan, were conducted at prices ranging from $185.985 to $193.99, resulting in a total transaction value of $1,472,138.
The transactions involved multiple trades at varying prices within the specified ranges. Specifically, the sales included: 100 shares at a weighted average price of $193.99, 1,250 shares at $193.1833, 3,800 shares at $192.2354, 2,265 shares at $191.5019, 100 shares at $190.175, 100 shares at $185.985 and 50 shares at $187.96.
Following these transactions, Farquhar Investment Partnership No. 2 still indirectly owns 421,575 shares of Atlassian Class A Common Stock. For deeper insights into Atlassian’s valuation and performance metrics, visit InvestingPro, where you’ll find exclusive analysis and 10 additional ProTips about the company’s prospects.
In other recent news, Atlassian Corporation has seen several notable developments. Moody’s Ratings upgraded Atlassian’s senior unsecured notes to Baa2, citing expectations of strong revenue growth and improved operating profit margins, driven by increased cloud subscription revenues. The ratings agency maintains a stable outlook, anticipating Atlassian’s credit profile to strengthen further. Meanwhile, Bernstein reiterated an Outperform rating on Atlassian, emphasizing potential growth exceeding 20% and downplaying concerns about monetization and employment challenges.
Conversely, Cantor Fitzgerald adjusted its price target for Atlassian to $256, maintaining an Overweight rating, following the company’s third-quarter results which highlighted a shortfall in multi-year Data Center deals. Stephens also revised its price target to $221, maintaining an Equal Weight rating, with analysts awaiting further clarity from upcoming fiscal year 2026 guidance. Additionally, TD Cowen reduced its price target to $250, retaining a Hold rating, and noted mixed signals from partner checks, with concerns about IT budget scrutiny and SMB migration activities. These updates reflect ongoing investor interest and analysis of Atlassian’s growth prospects and financial strategies.
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