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

Atlassian Corporation PLC (NASDAQ:TEAM) CEO Michael Cannon-Brookes sold 7,665 shares of the business’s stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $120.82, for a total value of $926,085.30. Following the completion of the sale, the chief executive officer directly owned 383,250 shares of the company’s stock, valued at $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 SEC, which is accessible through this link.

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 value 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 transaction 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 transaction of $1,181,943.00.
• On Friday, January 2nd, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were 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 stock was sold at an average price of $162.68, for a total value of $1,246,942.20.
• On Monday, December 29th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were 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 value of $1,245,792.45.
• On Friday, December 19th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $162.40, for a total transaction of $1,244,796.00.

Atlassian Price Performance

Shares of TEAM stock traded down $9.90 during midday trading on Friday, reaching $118.55. 8,275,674 shares of the company traded hands, compared to its average volume of 4,071,494. The firm’s 50 day simple moving average is $154.63 and its two-hundred day simple moving average is $167.75. The firm has a market cap of $31.19 billion, a PE ratio of -166.97, a price-to-earnings-growth ratio of 20.44 and a beta of 0.88. Atlassian Corporation PLC has a 1-year low of $118.08 and a 1-year high of $326.00. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.26 and a quick ratio of 1.26.

Atlassian (NASDAQ:TEAM) last posted its earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.21. Atlassian had a negative return on equity of 7.11% and a negative net margin of 3.38%.The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the prior year, the company earned $0.77 earnings per share. Atlassian’s revenue was up 20.6% compared to the same quarter last year. On average, equities research analysts expect that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on TEAM shares. Citigroup dropped their price objective on shares of Atlassian from $240.00 to $210.00 and set a “buy” rating for the company in a research note on Friday. BTIG Research reissued a “buy” rating and issued a $220.00 price target on shares of Atlassian in a report on Tuesday. Mizuho upped their price objective on Atlassian from $235.00 to $245.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. UBS Group dropped their price objective on Atlassian from $215.00 to $185.00 and set a “neutral” rating for the company in a research report on Friday, October 24th. Finally, Bank of America assumed coverage on shares of Atlassian in a report on Tuesday, September 23rd. They issued a “neutral” rating and a $200.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $237.31.

Institutional Trading of Atlassian

Institutional investors and hedge funds have recently bought and sold shares of the business. One Wealth Advisors LLC lifted its position in Atlassian by 56.7% during the 2nd quarter. One Wealth Advisors LLC now owns 4,436 shares of the technology company’s stock worth $901,000 after acquiring an additional 1,606 shares in the last quarter. Nordea Investment Management AB grew its position in Atlassian by 20.3% in the third quarter. Nordea Investment Management AB now owns 721,690 shares of the technology company’s stock valued at $114,695,000 after acquiring an additional 121,541 shares in the last quarter. Allianz Asset Management GmbH raised its stake in shares of Atlassian by 28.6% during the second quarter. Allianz Asset Management GmbH now owns 102,194 shares of the technology company’s stock valued at $20,755,000 after purchasing an additional 22,701 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Atlassian by 3.7% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 258,299 shares of the technology company’s stock worth $52,458,000 after purchasing an additional 9,274 shares in the last quarter. Finally, Machina Capital S.A.S. boosted its stake in shares of Atlassian by 203.0% in the second quarter. Machina Capital S.A.S. now owns 9,376 shares of the technology company’s stock valued at $1,904,000 after purchasing an additional 6,282 shares during the period. Institutional investors and hedge funds own 94.45% of the company’s stock.

Atlassian News Roundup

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

Atlassian Company Profile

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.