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Director Scott Farquhar, a ten percent owner at Atlassian Corp (NASDAQ:TEAM), sold 7,665 shares of Class A Common Stock on November 18, 2025, according to a recent Form 4 filing. The sales, executed under a pre-arranged 10b5-1 trading plan, generated $1.13 million. This transaction comes as Atlassian shares trade near their 52-week low of $144.32, having declined over 30% in the past six months according to InvestingPro data.
The transactions involved multiple trades with prices ranging from $145.9973 to $148.8565 per share. Specifically, 2,199 shares were sold at a weighted average price of $146.974, 1,104 shares at $145.9973, 2,030 shares at $148.8565 and 2,332 shares at $148.0651.
Following these transactions, Farquhar Investment Partnership No. 2 still indirectly holds 222,285 shares of Atlassian Corp. Despite not being profitable over the last twelve months, Atlassian maintains impressive gross profit margins of 83.45% and holds more cash than debt on its balance sheet. InvestingPro analysis indicates the stock appears undervalued, with 24 analysts revising earnings upwards for the upcoming period. For comprehensive insights on Atlassian and 1,400+ other stocks, check out the Pro Research Report available on InvestingPro.
In other recent news, Atlassian Corporation reported better-than-expected results for its fiscal first quarter of 2026. The company experienced significant growth in cloud revenue and total revenue, with its Jira and Confluence products showing increased seat growth. Following these results, Cantor Fitzgerald reiterated its Overweight rating with a price target of $240, highlighting Atlassian’s AI growth. Meanwhile, Truist Securities adjusted its price target to $210, maintaining a Buy rating, citing strong performance in cloud migrations and upsell activities. Additionally, Bernstein updated its revenue model for Atlassian, raising the stock price target to $304 due to the anticipated impact of the Data Center end-of-life strategy. In another development, Atlassian completed the acquisition of DX, an engineering intelligence firm. This acquisition aims to enhance developer productivity and provide insights into AI investments. These developments reflect Atlassian’s strategic efforts to strengthen its market position and product offerings.
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