Atlassian (NASDAQ:TEAM) CEO Michael Cannon-Brookes Sells 7,665 Shares

Atlassian Corporation PLC (NASDAQ:TEAM) CEO Michael Cannon-Brookes sold 7,665 shares of the firm’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $160.40, for a total value of $1,229,466.00. Following the completion of the transaction, the chief executive officer owned 329,595 shares in the company, valued at $52,867,038. The trade was a 2.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Michael Cannon-Brookes also recently made the following trade(s):

• On Monday, October 27th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $165.03, for a total transaction of $1,264,954.95.
• On Friday, October 24th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $164.50, for a total transaction of $1,260,892.50.
• On Wednesday, October 22nd, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $169.16, for a total transaction of $1,296,611.40.
• On Friday, October 17th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $151.21, for a total transaction of $1,159,024.65.
• On Monday, October 20th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $157.28, for a total transaction of $1,205,551.20.
• On Wednesday, October 15th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $151.83, for a total value of $1,163,776.95.
• On Monday, October 13th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $147.81, for a total value of $1,132,963.65.
• On Friday, October 10th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $145.85, for a total value of $1,117,940.25.
• On Wednesday, October 8th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $150.93, for a total value of $1,156,878.45.
• On Monday, October 6th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $150.75, for a total value of $1,155,498.75.

Atlassian Stock Performance

Atlassian stock opened at $160.67 on Friday. The stock has a market cap of $42.15 billion, a PE ratio of -162.29 and a beta of 0.92. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.73. The business’s 50-day moving average price is $164.12 and its two-hundred day moving average price is $188.23. Atlassian Corporation PLC has a 12-month low of $144.32 and a 12-month high of $326.00.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.21. Atlassian had a negative net margin of 4.92% and a negative return on equity of 14.77%. The firm’s revenue was up 20.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.77 EPS. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. As a group, analysts expect that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Cowen reaffirmed a “hold” rating on shares of Atlassian in a research note on Monday. Truist Financial set a $230.00 price objective on Atlassian in a research report on Friday, August 8th. Zacks Research cut Atlassian from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 7th. Canaccord Genuity Group restated a “buy” rating and set a $230.00 price target on shares of Atlassian in a report on Wednesday, October 22nd. Finally, Stephens reduced their price target on Atlassian from $221.00 to $202.00 and set an “equal weight” rating on the stock in a report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $243.58.

Institutional Trading of Atlassian

Several institutional investors have recently added to or reduced their stakes in TEAM. Norges Bank bought a new stake in shares of Atlassian in the 2nd quarter valued at $377,794,000. Artisan Partners Limited Partnership boosted its stake in shares of Atlassian by 66.3% in the 2nd quarter. Artisan Partners Limited Partnership now owns 3,878,133 shares of the technology company’s stock valued at $787,610,000 after purchasing an additional 1,545,546 shares during the last quarter. Nuveen LLC bought a new stake in Atlassian during the first quarter valued at $327,665,000. AQR Capital Management LLC boosted its position in Atlassian by 145.6% during the first quarter. AQR Capital Management LLC now owns 1,715,287 shares of the technology company’s stock valued at $354,858,000 after acquiring an additional 1,016,902 shares during the last quarter. Finally, Swedbank AB boosted its position in Atlassian by 139.6% during the third quarter. Swedbank AB now owns 1,372,976 shares of the technology company’s stock valued at $219,264,000 after acquiring an additional 800,000 shares during the last quarter. 94.45% of the stock is currently owned by institutional investors.

About Atlassian

Atlassian Corporation, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its product portfolio includes Jira Software and Jira Work Management, a project management system that connects technical and business teams so they can better plan, organize, track and manage their work and projects; Confluence, a connected workspace that organizes knowledge across all teams to move work forward; and Trello, a collaboration and organization product that captures and adds structure to fluid and fast-forming work for teams.