Street Calls of the Week
Director Scott Farquhar, a ten percent owner in Atlassian Corp (NASDAQ:TEAM), sold 8,335 shares of Class A Common Stock on October 15, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The transaction comes as Atlassian’s stock trades near its 52-week low of $144.32, having declined approximately 27% over the past six months. The sales were executed at prices ranging from $150.3627 to $158.0833, resulting in a total transaction value of $1.16 million.
The filing indicates that these transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted by Farquhar on February 12, 2025.
The shares are indirectly held by Farquhar Investment Partnership No. 2. Following the reported transactions, Farquhar continues to indirectly hold 406,245 shares of Atlassian Class A Common Stock. For deeper insights into insider trading patterns and 10+ additional exclusive tips, check out the comprehensive analysis available on InvestingPro.
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 measure the effectiveness of artificial intelligence investments in engineering teams. The integration of DX is expected to provide data-driven insights into developer productivity and satisfaction. Additionally, Atlassian recently acquired The Browser Co. for $610 million, with both deals anticipated to close by the end of the year.
Bernstein SocGen Group has maintained its Outperform rating and a $296 price target for Atlassian, citing these acquisitions as a driving factor. Mizuho also reiterated an Outperform rating with a $235 price target, noting the significant impact of the DX acquisition. Furthermore, Wells Fargo initiated coverage on Atlassian with an Overweight rating and a $216 price target, highlighting the company’s potential in cloud migrations and artificial intelligence platforms. These recent developments indicate a period of strategic activity for Atlassian, with analysts expressing continued confidence in the company’s growth trajectory.
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