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Director and 10% Owner of Atlassian (NASDAQ:TEAM), Farquhar Scott, sold 9,815 shares of Class A Common Stock on August 1, 2025, according to a recent SEC filing. The sales, executed under a pre-arranged 10b5-1 trading plan, resulted in gross proceeds of approximately $1.4 million. The transaction comes as the $48.6 billion market cap company’s stock has declined 41% over the past six months, though InvestingPro analysis indicates the stock is currently trading near its Fair Value.
The shares were sold in multiple transactions with prices ranging from $182.7486 to $189.09. With Atlassian’s next earnings report due in just 3 days and the company maintaining a FAIR financial health rating, investors seeking deeper insights can access comprehensive insider trading analysis through InvestingPro’s detailed research reports.
Following the reported transactions, Farquhar Investment Partnership No. 2 still indirectly owns 314,265 shares of Atlassian.
In other recent news, Atlassian Corporation has experienced several noteworthy developments. Moody’s Ratings upgraded Atlassian’s senior unsecured notes to Baa2 from Baa3 and maintained a stable outlook. This upgrade reflects expectations of rapid improvements in Atlassian’s credit profile and strong business execution, with anticipated revenue growth of 20% or more over the next 12 to 24 months, driven by cloud subscription revenue. Meanwhile, Capital One (NYSE:COF) downgraded Atlassian’s stock from Overweight to Equal-weight, citing "fundamental challenges and valuation multiple compression." The firm’s price target was also adjusted to $211.00 from $241.00. On the other hand, Bernstein SocGen Group reiterated its Outperform rating on Atlassian stock with a price target of $310.00, amidst ongoing investor debate about the company’s valuation. These developments highlight differing perspectives among analysts regarding Atlassian’s financial outlook and market position.
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