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

Posted by Defense World Staff on Dec 20th, 2025

Atlassian Corporation PLC (NASDAQ:TEAM – Get Free Report) CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $163.16, for a total transaction of $1,250,621.40. Following the completion of the transaction, the chief executive officer owned 61,320 shares in the company, valued at approximately $10,004,971.20. This trade represents a 11.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

On Monday, December 15th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $158.92, for a total value of $1,218,121.80.
On Friday, December 12th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $162.11, for a total value of $1,242,573.15.
On Wednesday, December 10th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $161.79, for a total value of $1,240,120.35.
On Monday, December 8th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $160.70, for a total value of $1,231,765.50.
On Friday, December 5th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $160.48, for a total value of $1,230,079.20.
On Wednesday, December 3rd, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $155.08, for a total value of $1,188,688.20.
On Friday, November 28th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $150.12, for a total value of $1,150,669.80.
On Wednesday, November 26th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $148.29, for a total transaction of $1,136,642.85.
On Monday, November 24th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $146.62, for a total transaction of $1,123,842.30.
On Friday, November 21st, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $144.02, for a total transaction of $1,103,913.30.

Atlassian Stock Performance

Shares of TEAM stock opened at $161.07 on Friday. 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 company has a market cap of $42.38 billion, a PE ratio of -226.86, a P/E/G ratio of 25.55 and a beta of 0.89. The company’s fifty day simple moving average is $157.15 and its 200-day simple moving average is $174.15. Atlassian Corporation PLC has a 52 week low of $139.70 and a 52 week high of $326.00.

Atlassian (NASDAQ:TEAM – Get Free Report) 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 return on equity of 7.11% and a negative net margin of 3.38%.The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the prior year, the firm earned $0.77 EPS. The firm’s quarterly revenue was up 20.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Hedge Funds Weigh In On Atlassian

Large investors have recently modified their holdings of the stock. Capco Asset Management LLC bought a new stake in Atlassian in the second quarter valued at about $25,000. Physician Wealth Advisors Inc. grew its position in shares of Atlassian by 60.4% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock worth $26,000 after acquiring an additional 61 shares in the last quarter. Atlantic Union Bankshares Corp increased its holdings in shares of Atlassian by 19,900.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company’s stock valued at $32,000 after acquiring an additional 199 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of Atlassian by 447.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock valued at $42,000 after acquiring an additional 161 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Atlassian during the 3rd quarter valued at approximately $57,000. Institutional investors own 94.45% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Piper Sandler reaffirmed an “overweight” rating and issued a $300.00 price objective on shares of Atlassian in a research report on Friday, October 31st. Macquarie lowered their price target on shares of Atlassian from $250.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. TD Cowen dropped their price target on shares of Atlassian from $220.00 to $205.00 and set a “hold” rating on the stock in a research note on Monday, October 27th. Weiss Ratings reissued a “sell (e+)” rating on shares of Atlassian in a research report on Wednesday, October 8th. Finally, Sanford C. Bernstein lifted their target price on Atlassian from $290.00 to $304.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 18th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $239.23.

View Our Latest Stock Report on TEAM

Key Headlines Impacting Atlassian

Here are the key news stories impacting Atlassian this week:

Positive Sentiment: BTIG initiated coverage with a Buy and $220 price target (implying ~36% upside), which can attract buyers and support the stock. BTIG buy initiation
Positive Sentiment: A Yahoo Finance piece argues Atlassian may be undervalued by ~33%, citing upside potential relative to fundamentals — a narrative that can draw value-oriented investors. Are Investors Undervaluing Atlassian
Positive Sentiment: Zacks coverage highlights strong cloud demand and lists TEAM among names benefiting from cloud tailwinds alongside AMZN and NET — a favorable sector story that supports longer-term revenue growth expectations. The Zacks Analyst Blog
Neutral Sentiment: Zacks also included TEAM in a “3 cloud computing stocks” roundup, reinforcing analyst attention but offering no new company-specific catalyst — helpful background but not an immediate stock mover. 3 Cloud Computing Stocks That Investors Can Opt to Buy Before 2026
Negative Sentiment: Repeated insider selling: Director (and co-founder) Scott Farquhar — and reporting shows similar sales attributed to CEO Michael Cannon-Brookes — sold multiple blocks (~7,665 shares per trade) across December, signaling material insider liquidation that can sap investor confidence. Insider Selling: Atlassian Director Sells 7,665 Shares
Negative Sentiment: MarketBeat/InsiderTrades summaries detail a multi-date pattern of founder/CEO sales (disclosed SEC filings), which investors often view as a near-term negative signal even if sales are for diversification or tax reasons. SEC filing: insider sale

About Atlassian

(Get Free Report)

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.