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 company’s stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $120.82, for a total transaction of $926,085.30. Following the completion of the transaction, the chief executive officer directly owned 383,250 shares of the company’s stock, valued at approximately $46,304,265. The trade was a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, January 14th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $133.66, for a total value of $1,024,503.90.
• On Monday, January 12th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $147.15, for a total transaction of $1,127,904.75.
• On Friday, January 9th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $145.91, for a total transaction of $1,118,400.15.
• On Wednesday, January 7th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $161.11, for a total value of $1,234,908.15.
• On Monday, January 5th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $154.20, for a total value of $1,181,943.00.
• On Friday, January 2nd, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $156.15, for a total transaction of $1,196,889.75.
• On Wednesday, December 31st, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $162.68, for a total transaction of $1,246,942.20.
• On Monday, December 29th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $163.66, for a total transaction of $1,254,453.90.
• On Friday, December 26th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $162.53, for a total transaction of $1,245,792.45.
• On Friday, December 19th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $162.40, for a total value of $1,244,796.00.

Atlassian Stock Performance

TEAM traded down $9.90 during trading on Friday, reaching $118.55. 8,275,674 shares of the company were exchanged, compared to its average volume of 4,071,494. Atlassian Corporation PLC has a 52 week low of $118.08 and a 52 week high of $326.00. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.72. The firm has a 50 day moving average of $154.63 and a 200 day moving average of $167.75. The stock has a market cap of $31.19 billion, a P/E ratio of -166.97, a PEG ratio of 20.44 and a beta of 0.88.

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. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.11%. The company’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 earnings per share. On average, sell-side analysts forecast that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Atlassian

Several large investors have recently modified their holdings of the stock. Capco Asset Management LLC acquired a new stake in shares of Atlassian during the second quarter worth $25,000. Physician Wealth Advisors Inc. lifted its stake in Atlassian by 60.4% during the third quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock valued at $26,000 after buying an additional 61 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Atlassian by 447.2% in the first quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock worth $42,000 after buying an additional 161 shares during the period. Atlantic Union Bankshares Corp increased its position in shares of Atlassian by 19,900.0% in the third quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company’s stock worth $32,000 after acquiring an additional 199 shares in the last quarter. Finally, Board of the Pension Protection Fund purchased a new position in shares of Atlassian in the fourth quarter worth approximately $32,000. 94.45% of the stock is owned by institutional investors.

More Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: BTIG reiterated a “Buy” and a $220 target, which provides analyst support that could attract value buyers and limit further downside. Atlassian (NASDAQ:TEAM) Earns Buy Rating from BTIG Research
• Positive Sentiment: Atlassian added Anil Sabharwal (Google alumnus) to the board — brings product/AI experience that may help execution on AI-enabled roadmap and reassure investors on governance. Atlassian Appoints Anil Sabharwal to Board of Directors
• Neutral Sentiment: Keeper Security announced a KeeperPAM deployment to strengthen cyber defences for the Atlassian Williams F1 team — positive for brand and security posture but unlikely to move fundamentals near term. Keeper Security Strengthens Atlassian Williams F1 Team’s Cyber Defences With KeeperPAM
• Neutral Sentiment: PR/partnership coverage around the Atlassian Williams F1 sponsorship and a Clovity hire to accelerate integrations in regulated sectors improve brand/GTM visibility but are unlikely to change near‑term revenue trends. Why you should be supporting Atlassian Williams F1 Team
• Negative Sentiment: Extensive insider selling: CEO/co‑founders have repeatedly sold 7,665‑share blocks in Dec–Jan (recent filings show sales in the $133–$163 range), creating clear downward pressure and raising investor concern about timing/intent. Atlassian (NASDAQ:TEAM) CEO Sells $1,024,503.90 in Stock
• Negative Sentiment: Sector risk from new “agentic” AI tools (e.g., Claude Code) that can autonomously write/test full stacks — analysts warn this could cannibalize license revenue and reduce demand for standalone workflow tools like some Atlassian products. 3 Stocks to Avoid as Software Sector Stumbles
• Negative Sentiment: Coverage noting a new 12‑month low and heightened negative press following the insider selling cycle — amplifies near‑term selling pressure and market skepticism about valuation/execution. Atlassian (NASDAQ:TEAM) Hits New 12-Month Low After Insider Selling

Analyst Ratings Changes

Several brokerages have recently issued reports on TEAM. The Goldman Sachs Group reiterated a “buy” rating and set a $260.00 price objective on shares of Atlassian in a research report on Friday, October 31st. BMO Capital Markets boosted their price target on Atlassian from $190.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Canaccord Genuity Group reissued a “buy” rating and set a $230.00 price target on shares of Atlassian in a report on Wednesday, October 22nd. BTIG Research restated a “buy” rating and set a $220.00 price objective on shares of Atlassian in a research note on Tuesday. Finally, Sanford C. Bernstein increased their target price on shares of Atlassian from $290.00 to $304.00 and gave the company an “outperform” rating in a research report on Tuesday, November 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Atlassian has an average rating of “Moderate Buy” and an average target price of $237.31.

About Atlassian

Atlassian Corporation Plc is a software company headquartered in Sydney, Australia, best known for developing collaboration, project management and software development tools. Founded in 2002 by Mike Cannon-Brookes and Scott Farquhar, Atlassian grew from a small engineering-focused team into a publicly traded company after its initial public offering in 2015. The company serves a global customer base that spans small teams to large enterprises across technology, financial services, government and other sectors.

Atlassian’s product portfolio centers on tools designed to help teams plan, build and support software and business processes.