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Director Scott Farquhar, a director at Atlassian Corp (NASDAQ:TEAM), sold 8,665 shares of Class A Common Stock on October 10, 2025, according to a new SEC filing. The sales were executed at prices ranging from $144.8955 to $148.9011, netting a total of $1.12 million. The transaction comes as the $38 billion market cap company trades near its 52-week low of $144.32, having declined 27% over the past six months. According to InvestingPro analysis, Atlassian currently appears slightly undervalued.
The transaction was executed in multiple trades and was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 12, 2025. Following the transactions, Farquhar still indirectly owns 429240 shares through Farquhar Investment Partnership No. 2. The company maintains strong fundamentals with impressive gross profit margins of 83% and annual revenue of $5.2 billion. For deeper insights into insider trading patterns and comprehensive financial analysis, check out the detailed Pro Research Report available on InvestingPro.
In other recent news, Atlassian Corporation has announced a definitive agreement to acquire the engineering intelligence company DX for approximately $1 billion in cash and restricted stock. This acquisition aims to enhance Atlassian’s ability to provide data-driven insights into developer productivity and satisfaction, particularly in the realm of artificial intelligence. Additionally, Atlassian revealed another acquisition, The Browser Co., for $610 million, with both deals expected to close by the end of the year. Analysts have responded to these developments, with Bernstein SocGen Group maintaining its Outperform rating and a $296 price target for Atlassian, citing the acquisitions as a positive factor.
Mizuho also reiterated its Outperform rating with a $235 price target, noting the acquisition of DX as part of a "flurry of recent activity" from the company. In parallel, Wells Fargo initiated coverage on Atlassian with an Overweight rating and a price target of $216, highlighting the company’s strong pricing and potential in cloud migrations and artificial intelligence platforms. Bernstein further assessed potential revenue impacts from upcoming license component changes in Data Center contracts, maintaining its price target at $296. These recent developments indicate a strategic focus on growth and innovation for Atlassian, as observed by various financial analysts.
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