Farquhar Scott sells Atlassian (TEAM) shares worth $1.13 million

Director Farquhar Scott of Atlassian Corp (NASDAQ:TEAM) sold 7,665 shares of Class A Common Stock on October 7, 2025, according to a recent SEC filing. The transaction comes as the software company, currently valued at $39.2 billion, trades near its 52-week low of $146.16, having declined 38.6% year-to-date. InvestingPro analysis reveals 10+ additional insights about Atlassian’s current market position. The sales were executed in multiple transactions with prices ranging from $146.9108 to $151.57, resulting in a total transaction value of $1,134,640.

The sales were executed under a Rule 10b5-1 trading plan adopted on February 12, 2025. Following the transactions, Farquhar Investment Partnership No. 2, indirectly holds 452,235 shares of Atlassian Corp.

In other recent news, Atlassian Corporation has been active with significant developments. The company announced a definitive agreement to acquire engineering intelligence company DX for approximately $1 billion in cash and restricted stock. This acquisition aims to enhance Atlassian’s ability to measure the impact of artificial intelligence investments within engineering teams. Additionally, Atlassian has acquired The Browser Co. for $610 million, with both deals expected to close before the year’s end. Analyst firms have responded positively, with Bernstein reiterating an Outperform rating and a $296.00 price target, and Mizuho maintaining an Outperform rating with a $235.00 price target following the DX acquisition announcement.

Wells Fargo has initiated coverage on Atlassian with an Overweight rating, citing cloud and AI potential as key factors for its positive outlook. The firm set a price target of $216.00, highlighting strong pricing and under-penetrated upsell and cross-sell opportunities. In a separate development, Atlassian appointed AI entrepreneur Jason Warner to its Board of Directors, effective October 1, 2025. Warner, co-founder and co-CEO of poolside, will replace Heather Mirjahangir Fernandez, who will retire from the board at the end of September 2025.

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