Atlassian Co. (NASDAQ:TEAM) CEO Sells $1,791,797.12 in Stock

Posted by George Bondi on May 16th, 2025

Atlassian Co. (NASDAQ:TEAM – Get Free Report) CEO Michael Cannon-Brookes sold 7,948 shares of the firm’s stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $225.44, for a total value of $1,791,797.12. Following the completion of the transaction, the chief executive officer now directly owns 127,168 shares in the company, valued at $28,668,753.92. The trade was a 5.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

On Monday, May 12th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $222.47, for a total transaction of $1,768,191.56.
On Thursday, May 8th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $209.19, for a total transaction of $1,662,642.12.
On Wednesday, April 30th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $225.64, for a total transaction of $1,793,386.72.
On Monday, April 28th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $229.59, for a total transaction of $1,824,781.32.
On Wednesday, April 23rd, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $210.23, for a total transaction of $1,670,908.04.
On Monday, April 21st, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $192.50, for a total value of $1,529,990.00.
On Wednesday, April 16th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $205.94, for a total value of $1,636,811.12.
On Friday, April 11th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $195.91, for a total value of $1,557,092.68.
On Wednesday, April 9th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $195.56, for a total value of $1,554,310.88.
On Friday, April 4th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $188.28, for a total value of $1,496,449.44.

Atlassian Stock Performance

NASDAQ TEAM opened at $220.88 on Friday. The stock has a market capitalization of $57.87 billion, a PE ratio of -164.83 and a beta of 1.06. Atlassian Co. has a 1-year low of $135.29 and a 1-year high of $326.00. The business has a 50 day simple moving average of $213.69 and a two-hundred day simple moving average of $246.60. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.24 and a quick ratio of 1.24.

Atlassian (NASDAQ:TEAM – Get Free Report) last posted its earnings results on Thursday, May 1st. The technology company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.04. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.35 billion. Atlassian had a negative net margin of 7.22% and a negative return on equity of 17.37%. Atlassian’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period last year, the firm posted $0.89 earnings per share. On average, research analysts predict that Atlassian Co. will post -0.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TEAM. The Goldman Sachs Group raised their target price on shares of Atlassian from $245.00 to $370.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Jefferies Financial Group reduced their price objective on shares of Atlassian from $330.00 to $262.00 and set a “buy” rating for the company in a research note on Monday, April 7th. Canaccord Genuity Group decreased their price objective on shares of Atlassian from $300.00 to $255.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. William Blair restated an “outperform” rating on shares of Atlassian in a research note on Friday, January 31st. Finally, Wells Fargo & Company cut their price target on Atlassian from $330.00 to $315.00 and set an “overweight” rating for the company in a research note on Friday, May 2nd. Five investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $285.29.

Check Out Our Latest Stock Report on Atlassian

Institutional Trading of Atlassian

Hedge funds have recently made changes to their positions in the business. Clean Yield Group grew its position in Atlassian by 372.0% in the first quarter. Clean Yield Group now owns 118 shares of the technology company’s stock worth $25,000 after acquiring an additional 93 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in shares of Atlassian in the 4th quarter valued at approximately $27,000. Colonial Trust Co SC lifted its stake in shares of Atlassian by 100.0% in the 4th quarter. Colonial Trust Co SC now owns 138 shares of the technology company’s stock valued at $34,000 after purchasing an additional 69 shares during the last quarter. Smithfield Trust Co boosted its holdings in shares of Atlassian by 90.7% in the 1st quarter. Smithfield Trust Co now owns 164 shares of the technology company’s stock worth $34,000 after purchasing an additional 78 shares during the period. Finally, Summit Securities Group LLC bought a new position in shares of Atlassian during the 4th quarter valued at approximately $38,000. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

About Atlassian

(Get Free Report)

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.