Farquhar Scott sells Atlassian (TEAM) shares worth $1.19 million

Farquhar Scott, a Director and 10% Owner of Atlassian Corp (NASDAQ:TEAM), sold 7,665 shares of Class A Common Stock on November 7, 2025, for approximately $1.19 million. The sales were executed in multiple trades at prices ranging from $153.7419 to $157.6223. This transaction comes as Atlassian shares have fallen 10.36% over the past week, though InvestingPro data shows the stock appears undervalued compared to its Fair Value, with a strong analyst consensus recommendation of 1.59 (Buy).

The sales were executed under a Rule 10b5-1 trading plan adopted on February 12, 2025. Following the transactions, Farquhar Scott indirectly holds 275,940 shares. Despite not being profitable over the last twelve months, Atlassian boasts impressive gross profit margins of 83.45% and analysts expect the company to be profitable this fiscal year.

The shares are held by Farquhar Investment Partnership No. 2 .

In other recent news, Atlassian Corporation has completed its acquisition of DX, an engineering intelligence firm. This strategic move is aimed at enhancing Atlassian’s capabilities in measuring and improving developer productivity, alongside providing visibility into artificial intelligence investments. The company also reported fiscal first-quarter 2026 results that surpassed expectations, with notable growth in cloud revenue and an increase in seat counts for its Jira and Confluence products. Analysts have responded to these developments with varying perspectives; Cantor Fitzgerald reiterated its Overweight rating with a $240 price target, citing AI growth as a key factor. Meanwhile, Truist Securities adjusted its price target from $230 to $210, maintaining a Buy rating while acknowledging the impact of the Data Center End-of-Life transition. Piper Sandler also maintained its Overweight rating with a $300 price target, emphasizing Atlassian’s successful customer migrations to cloud-based solutions. Additionally, Goldman Sachs reiterated its Buy rating with a $260 price target, noting the positive effects of the Data Center transition on revenue and operating margins. These developments reflect Atlassian’s ongoing efforts to strengthen its market position through strategic acquisitions and cloud-based growth.

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