Farquhar Scott sells Atlassian (TEAM) shares worth $1.15 million

Director Scott Farquhar, a director at Atlassian Corp (NASDAQ:TEAM), sold 8,065 shares of Class A Common Stock on October 8, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The transaction comes as the stock trades near its 52-week low of $146.16, having declined nearly 30% over the past six months, according to InvestingPro data. The sales were executed at weighted-average prices ranging from $149.7189 to $152.6292, resulting in a total transaction value of $1.15 million.

The transactions involved multiple trades throughout the day. Specifically, 1,679 shares were sold at a weighted average price of $151.9722, with prices ranging from $151.34 to $152.33. Another 1,450 shares were sold at a weighted average price of $150.5896, in a range of $150.21 to $150.90. An additional 1,450 shares were sold at a weighted average price of $152.6292, with prices between $152.37 and $153.07. Finally, 3,086 shares were sold at a weighted average price of $149.7189, with prices ranging from $149.18 to $150.16. The company maintains impressive gross profit margins of 83% and currently has a market capitalization of $38.8 billion.

Following these transactions, Farquhar’s indirectly held shares totaled 444,570. The shares are held by Farquhar Investment Partnership No. 2.

These sales were executed pursuant to a Rule 10b5-1 trading plan adopted by Farquhar on February 12, 2025.

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 is part of Atlassian’s strategy to enhance its offerings by integrating DX’s capabilities, aiming to provide customers with insights into developer productivity and the impact of artificial intelligence investments. Additionally, Atlassian has made another significant acquisition, purchasing The Browser Co. for $610 million. These moves come as Bernstein SocGen Group reiterates its Outperform rating on Atlassian, maintaining a price target of $296.00.

Mizuho also maintains an Outperform rating with a price target of $235.00, highlighting the strategic importance of the DX acquisition. Furthermore, Wells Fargo has initiated coverage on Atlassian with an Overweight rating, citing the company’s cloud and AI potential as key drivers for growth. In a separate development, Atlassian has appointed Jason Warner, an AI entrepreneur, to its Board of Directors, effective October 1, 2025. Warner will replace Heather Mirjahangir Fernandez, who is set to retire after nearly a decade of service.

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