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Director Scott Farquhar of Atlassian Corp (NASDAQ:TEAM), the $48.56 billion software company known for its impressive 82.31% gross profit margins, sold 7,665 shares of Class A Common Stock on August 5, 2025, in four separate transactions. The sales, conducted under a pre-arranged 10b5-1 trading plan, totaled approximately $1.42 million. According to InvestingPro data, the stock has experienced significant pressure, down nearly 42% over the past six months.
The prices realized for these shares ranged from $183.855 to $186.312. Specifically, Farquhar sold 3,715 shares at a weighted average price of $185.5928, 1,149 shares at $183.855, 2,551 shares at $184.7348 and 250 shares at $186.312.
Following these transactions, Farquhar Investment Partnership No. 2 still indirectly holds 298,935 shares of Atlassian.
In other recent news, Moody’s Ratings upgraded Atlassian Corporation’s senior unsecured notes to Baa2 from Baa3, maintaining a stable outlook. This upgrade reflects anticipated rapid improvements in Atlassian’s credit profile and strong business execution. Moody’s expects Atlassian’s revenues to grow by 20% or more over the next 12 to 24 months, driven by an increase in cloud subscription revenues. Additionally, Atlassian’s operating profit growth is expected to outpace revenue growth during this period. Meanwhile, Capital One (NYSE:COF) downgraded Atlassian stock from Overweight to Equal-weight, citing concerns over AI competition and valuation challenges. The firm’s price target was adjusted to $211.00 from $241.00. In contrast, Bernstein SocGen Group reiterated an Outperform rating with a $310.00 price target, despite ongoing investor debate about the company’s guidance. These developments highlight varying perspectives among analysts regarding Atlassian’s future performance.
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