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Scott Farquhar, a director and ten percent owner of Atlassian Corp (NASDAQ:TEAM), a $60.2 billion market cap software company, recently sold a substantial amount of the company’s Class A Common Stock. According to InvestingPro analysis, the stock has gained nearly 45% over the past six months despite recent weakness. According to a recent SEC filing, Farquhar disposed of 7,948 shares on March 25, 2025. The shares were sold at prices ranging from $234.92 to $237.71, totaling approximately $1.88 million. Following these transactions, Farquhar holds 31,792 shares, which are managed by Skip Enterprises Pty Limited as trustee for the Farquhar Family Trust. These sales were executed under a Rule 10b5-1 trading plan adopted in February 2024. InvestingPro data indicates the stock is currently trading above its Fair Value, with impressive gross profit margins of 82%. Subscribers can access 8 additional ProTips and a comprehensive Pro Research Report for deeper insights into insider trading patterns and valuation metrics.
In other recent news, Atlassian Corporation reported its Q4 2024 financial results, exceeding both earnings and revenue forecasts. The company achieved an earnings per share of $0.96, surpassing the anticipated $0.62, and reported revenue of $1.29 billion, which was above the expected $1.23 billion. Subscription revenue grew by 30% year over year, contributing to a gross margin improvement to 85%. Following these announcements, Atlassian’s stock experienced a significant increase in aftermarket trading.
In terms of analyst activity, Stephens initiated coverage of Atlassian with an Equal Weight rating and set a price target of $255. The firm’s analyst highlighted Atlassian’s broad market reach and strong profit margins as key strengths, although they maintained a cautious approach due to valuation concerns. Meanwhile, KeyBanc Capital Markets reiterated its Overweight rating on Atlassian, maintaining a price target of $365. The analyst at KeyBanc noted Atlassian’s strong performance metrics and potential for growth, despite recent market volatility.
These developments highlight Atlassian’s robust financial performance and continued confidence from analysts, even amid broader economic uncertainties.
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