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Director Scott Farquhar, a ten percent owner in Atlassian Corp (NASDAQ:TEAM), sold 8,765 shares of Class A Common Stock on October 22, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The sales, executed under a pre-arranged 10b5-1 trading plan, fetched a total of $1.29 million. The transaction comes as Atlassian, currently valued at $43.4 billion, maintains impressive gross profit margins of 83% despite challenging market conditions.
The transactions involved multiple trades with prices ranging from $167.48 to $171.05. Specifically, the sales were executed at weighted average prices of $168.0763, $169.8252, $169.0685 and $170.6667. The shares are held by Farquhar Investment Partnership No. 2. Following the transactions, Farquhar Investment Partnership No. 2. beneficially owns 367,920 shares of Atlassian. According to InvestingPro analysis, the stock appears fairly valued at current levels, having declined 27% over the past six months. Discover comprehensive insider trading patterns and 10+ additional exclusive insights with InvestingPro’s detailed research reports.
In other recent news, Atlassian Corporation has completed its acquisition of The Browser Company of New York Inc., known for creating the Dia and Arc browsers. This move aims to develop an AI-powered browser tailored for knowledge workers. Additionally, KeyBanc has lowered its price target for Atlassian to $210, citing general AI risk concerns, though the firm maintains an Overweight rating on the stock. Canaccord Genuity continues to support Atlassian with a Buy rating and a $230 price target, highlighting the company’s initiatives to transition Data Center customers to Cloud deployments for potential pricing increases.
Bernstein SocGen Group maintains its Outperform rating and a $296 price target on Atlassian, noting potential revenue impacts from upcoming license changes in Data Center contracts. The firm suggests that license components could see significant increases in total contract value percentages. Wells Fargo has initiated coverage on Atlassian with an Overweight rating and a price target of $216, emphasizing the company’s cloud and AI potential, alongside strong pricing and upsell opportunities. These developments reflect a range of perspectives from analysts about Atlassian’s strategic direction and market positioning.
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