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Scott Farquhar, a director and ten percent owner at Atlassian Corp (NASDAQ:TEAM), recently sold shares of the company’s Class A Common Stock. The company, currently valued at approximately $57 billion, has demonstrated impressive gross profit margins of 82% and has seen its stock surge 38% over the past six months, according to InvestingPro data. The transactions, which took place on March 27, 2025, were executed under a Rule 10b5-1 trading plan. Farquhar sold a total of 7,948 shares at prices ranging from $222.9073 to $227.65, amounting to approximately $1.79 million. Based on InvestingPro’s Fair Value analysis, the stock appears to be trading near its fair value, with analysts setting price targets ranging from $255 to $420. Following these transactions, Farquhar holds 15,896 shares indirectly through the Farquhar Family Trust. For deeper insights into Atlassian’s valuation metrics and 10+ additional ProTips, visit InvestingPro.
In other recent news, Atlassian Corporation reported its Q4 2024 financial results, which exceeded market expectations. The company achieved earnings per share of $0.96, significantly surpassing the forecast of $0.62, and reported revenue of $1.29 billion, above the anticipated $1.23 billion. Additionally, Atlassian’s subscription revenue grew by 30% year over year, contributing to improved gross margins of 85%. KeyBanc Capital Markets maintained its Overweight rating on Atlassian with a price target of $365, highlighting the company’s strong performance metrics and potential growth drivers despite broader market volatility. Meanwhile, Stephens initiated coverage of Atlassian with an Equal Weight rating and a price target of $255, citing the company’s broad Total (EPA:TTEF) Addressable Market and competitive advantages in AI optimization. These developments indicate a robust financial trajectory for Atlassian, supported by strong earnings and revenue performance, as well as positive analyst perspectives.
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