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Atlassian Corp (NASDAQ:TEAM) Director Scott Farquhar sold 7,665 shares of Class A Common Stock on June 27, 2025, for a total of $1.56 million. The sales were executed in multiple transactions with prices ranging from $200.1317 to $206.3 per share. The stock, currently trading at $203.24, has shown resilience with a 14% gain over the past year, despite trading at premium multiples according to InvestingPro analysis.
The transactions were executed under a Rule 10b5-1 trading plan adopted on February 12, 2025. Following the transactions, Farquhar still indirectly owns 7,665 shares through Farquhar Investment Partnership No. 2. While currently unprofitable, InvestingPro data shows Atlassian maintains impressive 82% gross margins and analysts expect profitability this year. For deeper insights into Atlassian’s valuation and growth prospects, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Atlassian Corporation reported significant developments, starting with Moody’s upgrading the company’s senior unsecured notes to Baa2 from Baa3, reflecting expectations of revenue growth driven by cloud subscription increases. Moody’s also anticipates Atlassian’s operating profit growth to outpace revenue growth over the next 12 to 24 months. Cantor Fitzgerald adjusted Atlassian’s stock target to $256 from $272, maintaining an Overweight rating, following a quarter with strong free cash flow but weaker billings due to fewer multi-year Data Center deals. Meanwhile, Stephens reduced its price target to $221 from $255, keeping an Equal Weight rating, as the firm awaits further clarity from upcoming fiscal guidance. TD Cowen also lowered the price target to $250 from $320, maintaining a Hold rating, citing mixed signals from partner checks and concerns about IT budget scrutiny. Additionally, Atlassian announced a board change with the retirement of director Enrique Salem and the appointment of Karen Dykstra, former CFO of VMware, to fill the vacancy. Dykstra’s experience and financial expertise are expected to benefit the company as she joins the board and its Audit Committee. These recent developments highlight the company’s ongoing strategic adjustments and market responses.
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