Atlassian’s Farquhar Scott sells $1.47 million in stock

Director Scott Farquhar of Atlassian Corp (NASDAQ:TEAM), a $51.1 billion market cap company with impressive gross profit margins of 82%, sold a total of 7,665 shares of Class A Common Stock on July 17, 2025, for approximately $1.47 million. The sales were executed in multiple transactions at prices ranging from $190.8218 to $194.6562. According to InvestingPro analysis, the stock is currently trading near Fair Value.

The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 12, 2025. The shares are held by Farquhar Investment Partnership No. 2. Following the transactions, Farquhar Investment Partnership No. 2 indirectly holds 398,580 shares of Atlassian Class A Common Stock. With revenue growing at 19% and its next earnings report due on August 7, investors can access 8 additional key insights about TEAM through InvestingPro’s comprehensive analysis tools.

In other recent news, Atlassian Corporation’s financial and market activities have drawn considerable attention. Moody’s Ratings recently upgraded Atlassian’s senior unsecured notes to Baa2, citing expectations of strong revenue growth and improvements in its credit profile, driven by increased cloud subscription revenues. This upgrade aligns with Moody’s stable outlook for Atlassian, anticipating a 20% or more growth in revenues over the next 12 to 24 months. Meanwhile, Capital One (NYSE:COF) downgraded Atlassian’s stock from Overweight to Equal-weight due to concerns about AI competition and potential risks to seat growth and average revenue per user. Cantor Fitzgerald adjusted its price target for Atlassian to $256, maintaining an Overweight rating, following a quarter that met expectations but faced challenges with multi-year Data Center deals.

Stephens also revised its price target for Atlassian to $221, maintaining an Equal Weight rating, as the company’s third-quarter performance did not meet high market expectations. The firm is looking for additional clarity from upcoming fourth-quarter results and fiscal year 2026 guidance. On a more optimistic note, Bernstein reiterated its Outperform rating on Atlassian, highlighting potential growth exceeding 20% despite investor concerns. The firm suggests that worries about monetization and employment headwinds might be overstated. These developments reflect a mix of cautious optimism and strategic adjustments as Atlassian navigates its market environment.

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