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Scott Farquhar, a director and ten percent owner of Atlassian Corp (NASDAQ:TEAM), recently sold a substantial portion of his holdings in the company. The software giant, currently valued at $60.41 billion, has seen its stock surge over 40% in the past six months, according to InvestingPro data. According to a Form 4 filing with the Securities and Exchange Commission, Farquhar sold a total of 7,948 shares of Atlassian’s Class A Common Stock on March 18, 2025. The transactions were executed at prices ranging from $213.62 to $219.34 per share, yielding a total sale value of approximately $1,723,952. The company maintains impressive gross profit margins of 81.82% and appears overvalued based on InvestingPro’s Fair Value analysis.
The sales were conducted under a Rule 10b5-1 trading plan, which Farquhar adopted on February 14, 2024. Following these transactions, Farquhar retains ownership of 71,532 shares in the company, held indirectly through a trust. For deeper insights into insider trading patterns and 10+ additional ProTips, check out Atlassian’s comprehensive research report on InvestingPro.
In other recent news, Atlassian Corporation reported strong financial results for Q4 2024, exceeding both earnings and revenue forecasts. The company’s earnings per share were $0.96, surpassing the expected $0.62, while revenue reached $1.29 billion, above the forecasted $1.23 billion. These results reflect Atlassian’s robust performance, particularly in subscription revenue, which grew 30% year over year. In related developments, KeyBanc Capital Markets maintained its Overweight rating on Atlassian with a price target of $365, citing 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, noting the company’s broad market reach and stable growth trajectory. Atlassian’s extensive database on team organization and its Forge ecosystem are highlighted as significant competitive advantages. These recent developments indicate a period of strong financial performance and strategic positioning for Atlassian in the enterprise software market.
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