Director Scott sold 7,665 shares of TEAM for $1.0M at $135.44 avg on Jan 28; stock now -62.7% from 52-week high.
Director Farquhar Scott executed 5 separate sales totaling 7,665 shares (7.7K shares) for $1,038,156.05 ($1.0M) at a blended average price of $135.44 on 2026-01-28, reducing his holdings from 337,260 to 329,595 shares (-2.3%). The transactions occurred at prices ($134.67–$138.59) that were substantially above the current price of $120.38, and notably occurred just one day after Scott executed 5 additional sales on 2026-01-27, suggesting concentrated selling activity. Since the transaction date, Atlassian's stock has declined 62.7% from its 52-week high of $322.94 and fallen 26.1% over 30 days and 29.0% over 90 days. Fundamentally, the company reported $1,432,553,000.00 in quarterly revenue (+19.7% annual growth) but remains unprofitable with net income of $-51,870,000.00, indicating the valuation pressure reflects profitability concerns despite revenue strength.