SoFi stock falls after announcing $1.5B public offering of common stock
Director Farquhar Scott sold 7,665 shares of Atlassian Corp (NASDAQ:TEAM) Class A Common Stock on October 13, 2025. The company, currently valued at $41.1 billion, has seen its stock decline by approximately 26% over the past six months, trading near its 52-week low despite maintaining impressive gross profit margins of 83%. The sales were executed in multiple transactions with prices ranging from $145.71 to $148.8524, resulting in a total transaction value of $1,132,968.
The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 12, 2025. Following the transactions, Farquhar Investment Partnership No. 2 still indirectly holds 421,575 shares.
In other recent news, Atlassian Corporation has announced a significant acquisition, agreeing to purchase engineering intelligence company DX for approximately $1 billion in cash and restricted stock. This acquisition is part of Atlassian’s strategy to enhance its capabilities in measuring the impact of artificial intelligence within engineering teams. The company also recently acquired The Browser Co. for $610 million, with both deals expected to close by the end of the year. Analyst firm Bernstein has maintained its Outperform rating on Atlassian, citing these acquisitions as a positive development and reiterating a price target of $296. Additionally, Mizuho has reiterated its Outperform rating with a price target of $235, noting the DX acquisition as part of a series of recent strategic moves by Atlassian.
Wells Fargo has initiated coverage on Atlassian with an Overweight rating and a price target of $216, highlighting the company’s strong pricing and potential in cloud and artificial intelligence platforms. Bernstein also continues to support its Outperform rating, maintaining the $296 price target while reassessing potential revenue impacts from upcoming license changes in Data Center contracts. The firm notes that the license component in these contracts might increase significantly, aligning with Atlassian’s historical benchmarks. These recent developments reflect Atlassian’s ongoing efforts to expand its market presence and enhance its product offerings.
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