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Director Farquhar Scott of Atlassian Corp (NASDAQ:TEAM), the $38 billion market cap software company, sold 7,665 shares of Class A Common Stock on October 9, 2025, according to a new SEC filing. The stock has declined 25.4% over the past six months and is currently trading near its 52-week low. The sales, executed under a pre-arranged 10b5-1 trading plan, totaled $1,138,581.
The transactions involved three separate sales. The prices for these sales ranged from $148.1166 to $150.0661. Following these transactions, Farquhar Scott indirectly holds 436,905 shares through Farquhar Investment Partnership No. 2.
In other recent news, Atlassian Corporation has announced a definitive agreement to acquire DX, an engineering intelligence company, for approximately $1 billion in cash and restricted stock. This acquisition aims to enhance Atlassian’s ability to provide data-driven insights into developer productivity and satisfaction, specifically measuring the impact of artificial intelligence investments in engineering teams. The deal, which matches Atlassian’s largest previous acquisition, is expected to close by the end of the year. Additionally, Atlassian announced the acquisition of The Browser Co. for $610 million, further expanding its portfolio.
Analyst firms have been active in assessing Atlassian’s recent moves. Bernstein SocGen Group has reiterated its Outperform rating with a $296 price target, citing the acquisitions as a positive development. Meanwhile, Wells Fargo initiated coverage with an Overweight rating and a $216 price target, highlighting the potential in cloud migrations and artificial intelligence platforms. Mizuho also maintained its Outperform rating and set a price target of $235, noting the strategic importance of the DX acquisition. These developments reflect a period of significant activity and strategic growth for Atlassian.
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