Atlassian director Scott Farquhar sells shares worth $1.73 million

Published 11/03/2025, 23:12
Atlassian director Scott Farquhar sells shares worth $1.73 million

On March 10, 2025, Scott Farquhar, a director and significant shareholder of Atlassian Corp (NASDAQ:TEAM), executed a series of transactions involving the sale of Class A common stock. The company, currently valued at $58.9 billion, has seen its stock surge 35% over the past six months despite a recent 18% decline last week. According to InvestingPro data, 22 analysts have recently revised their earnings estimates upward for the upcoming period. The sales, conducted under a pre-arranged trading plan, involved a total of 5,648 shares. The shares were sold at prices ranging from $213.59 to $229.69 per share, amounting to a total transaction value of approximately $1.73 million.

Following these transactions, Farquhar’s holdings in Atlassian amount to 119,220 shares. The shares were sold indirectly, held by a trust associated with Farquhar. These sales were part of a Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined schedule for selling stocks.

In other recent news, Atlassian Corp Plc reported strong financial results for Q4 2024, surpassing both earnings and revenue expectations. The company’s earnings per share (EPS) stood at $0.96, exceeding the forecasted $0.62, while revenue reached $1.29 billion, surpassing the anticipated $1.23 billion. Subscription revenue experienced a notable growth of 30% year over year, contributing significantly to the company’s performance. The company’s gross margins also improved to 85%, marking an increase of 100 basis points compared to the previous year. Analyst firms have responded to these developments, with some upgrading their outlook on Atlassian’s stock due to its robust performance. Additionally, Atlassian has reported a record number of deals exceeding $1 million in annual contract value, underscoring its growing presence in the enterprise market. The company continues to focus on its strategic priorities, including AI innovation and expanding its enterprise customer base, which are expected to drive future growth. These recent developments reflect Atlassian’s solid market positioning and operational execution.

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