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 company’s stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $161.30, for a total transaction of $1,236,364.50. Following the completion of the transaction, the chief executive officer directly owned 38,325 shares of the company’s stock, valued at approximately $6,181,822.50. The trade was a 16.67% 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 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 value of $1,244,796.00.
• On Wednesday, December 17th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $163.16, for a total value of $1,250,621.40.
• On Monday, December 15th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were 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 shares were 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 transaction 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 transaction of $1,188,688.20.
• On Friday, November 28th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $150.12, for a total transaction of $1,150,669.80.
• On Wednesday, November 26th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $148.29, for a total transaction of $1,136,642.85.

Atlassian Stock Performance

Shares of Atlassian stock opened at $160.53 on Thursday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.26 and a current ratio of 1.26. Atlassian Corporation PLC has a 1 year low of $139.70 and a 1 year high of $326.00. The firm’s 50-day simple moving average is $157.79 and its 200-day simple moving average is $172.80. The firm has a market cap of $42.24 billion, a PE ratio of -226.09, a price-to-earnings-growth ratio of 25.15 and a beta of 0.89.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings results on Thursday, October 30th. The technology company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period last year, the firm earned $0.77 earnings per share. The company’s revenue for the quarter was up 20.6% compared to the same quarter last year. Equities analysts forecast that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Key Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Wall Street analysts’ consensus price targets imply roughly ~44–45% upside vs. the current share price, supporting a constructive medium‑term case if Atlassian sustains revenue and margin improvement. Wall Street Analysts See a 44.75% Upside in Atlassian (TEAM)
• Positive Sentiment: MarketBeat highlights that Atlassian’s recent earnings beat and revenue growth leave upside still in play, which can support investor optimism if the company continues execution. Atlassian: Upside Still in Play After Impressive Earnings Spike
• Neutral Sentiment: Zacks included Atlassian on a list of “top‑ranked stocks with rising P/E,” suggesting a possible re‑rating if earnings expectations firm, but this is informational and not an immediate catalyst. Bet on These 5 Top-Ranked Stocks With Rising P/E
• Neutral Sentiment: Reported short interest data shows zero shares and a 0.0 days‑to‑cover figure — likely a reporting anomaly or immaterial in the near term; not a clear directional signal.
• Negative Sentiment: Repeated insider selling: CEO Michael Cannon‑Brookes and co‑founder/director Scott Farquhar have each sold multiple blocks of 7,665 shares across December (Dec. 3–23), which increases near‑term supply and can weigh on sentiment. See SEC filing for Dec. 19 sales. CEO Michael Cannon-Brookes SEC filing (Dec 19)
• Negative Sentiment: More insider sales disclosed on Dec. 23 further trimmed each executive’s stake (noted decreases of ~12.5–16.7% in specific filings), a pattern that often triggers short‑term selling pressure even if trades are for personal/liquidity reasons. MarketBeat coverage of director sale. Director Scott Farquhar SEC filing (Dec 19) Scott Farquhar Sells 7,665 Shares (MarketBeat)

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Capco Asset Management LLC bought a new position in Atlassian in the 2nd quarter worth about $25,000. Physician Wealth Advisors Inc. boosted its position in shares of Atlassian by 60.4% during the third quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock worth $26,000 after buying an additional 61 shares during the period. Atlantic Union Bankshares Corp grew its holdings in Atlassian by 19,900.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company’s stock worth $32,000 after buying an additional 199 shares in the last quarter. Geneos Wealth Management Inc. increased its position in Atlassian by 447.2% in 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 during the period. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in Atlassian during the 3rd quarter valued at $57,000. 94.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TEAM shares. Cowen reaffirmed a “hold” rating on shares of Atlassian in a report on Monday, October 27th. BTIG Research began coverage on shares of Atlassian in a research report on Tuesday, December 16th. They issued a “buy” rating and a $220.00 price target on the stock. Wells Fargo & Company initiated coverage on shares of Atlassian in a research report on Tuesday, September 30th. They set an “overweight” rating and a $216.00 price objective for the company. Guggenheim assumed coverage on shares of Atlassian in a research note on Thursday, September 11th. They set a “buy” rating and a $225.00 price objective on the stock. Finally, KeyCorp decreased their target price on Atlassian from $250.00 to $210.00 and set an “overweight” rating for the company in a research note on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned 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 presently has an average rating of “Moderate Buy” and an average price target of $239.23.

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.