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Atlassian Corp (NASDAQ:TEAM) Director Scott Farquhar sold 7,665 shares of Class A Common Stock on July 8, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The sales were executed at prices ranging from $217.21 to $219.94, resulting in a total transaction value of $1,675,304. The transaction occurred as Atlassian, currently valued at $53.9 billion, trades near InvestingPro’s Fair Value estimate, with impressive gross profit margins of 82.3%.
The transaction was executed in multiple trades and was pursuant to a Rule 10b5-1 trading plan adopted by Farquhar on February 12, 2025. Following the transactions, Farquhar Investment Partnership No. 2, holds 452,235 shares. With revenue growing at 19.1% and analysts setting price targets up to $420, InvestingPro subscribers can access 8 additional key insights about Atlassian’s financial health and growth prospects through the comprehensive Pro Research Report.
In other recent news, Atlassian Corporation’s senior unsecured notes received an upgrade from Moody’s Ratings, moving from Baa3 to Baa2, with a stable outlook. Moody’s anticipates Atlassian’s revenue to grow by 20% or more over the next 12 to 24 months, driven by cloud subscription revenues. This positive outlook is supported by the company’s substantial investments in its cloud platform. Meanwhile, Cantor Fitzgerald adjusted its price target for Atlassian to $256, citing a shortfall in billings and a shift in customer agreements, yet maintained an Overweight rating due to strong cloud migration rates. Stephens also revised its price target to $221, maintaining an Equal Weight rating, and highlighted the need for further clarity in Atlassian’s fourth-quarter results. TD Cowen set a new price target of $250, expressing caution due to concerns about IT budget scrutiny and potential growth irregularities. Additionally, Atlassian announced a board change with Enrique Salem retiring and Karen Dykstra, former VMware CFO, joining as a new director. Dykstra will also serve on the Audit Committee, bringing her extensive financial expertise to the board.
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