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 firm’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $161.11, for a total value of $1,234,908.15. Following the transaction, the chief executive officer directly owned 429,240 shares of the company’s stock, valued at $69,154,856.40. This represents a 1.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, January 5th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were 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 shares were sold at an average price of $156.15, for a total value 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 value 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 stock was sold at an average price of $162.40, for a total value of $1,244,796.00.
• On Tuesday, December 23rd, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $161.30, for a total transaction of $1,236,364.50.
• On Wednesday, December 17th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $163.16, for a total transaction of $1,250,621.40.
• 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 transaction 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 transaction of $1,242,573.15.

Atlassian Trading Down 2.0%

Shares of TEAM stock opened at $146.42 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $38.52 billion, a P/E ratio of -206.22, a P/E/G ratio of 23.14 and a beta of 0.88. Atlassian Corporation PLC has a 12-month low of $139.70 and a 12-month high of $326.00. The firm has a 50-day moving average price of $156.91 and a 200 day moving average price of $169.52.

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

Hedge Funds Weigh In On Atlassian

A number of institutional investors have recently added to or reduced their stakes in TEAM. BDF Gestion purchased a new stake in Atlassian in the fourth quarter worth approximately $1,792,000. Assenagon Asset Management S.A. boosted its stake in Atlassian by 100.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 882,879 shares of the technology company’s stock worth $143,150,000 after purchasing an additional 441,751 shares in the last quarter. Diversified Trust Co. lifted its position in Atlassian by 244.8% in the 4th quarter. Diversified Trust Co. now owns 24,506 shares of the technology company’s stock valued at $3,973,000 after acquiring an additional 17,398 shares in the last quarter. True Wealth Design LLC grew its stake in shares of Atlassian by 230.4% in the fourth quarter. True Wealth Design LLC now owns 1,695 shares of the technology company’s stock worth $275,000 after acquiring an additional 1,182 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Atlassian by 327.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 110,650 shares of the technology company’s stock worth $17,595,000 after acquiring an additional 84,778 shares during the period. 94.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on TEAM. Mizuho boosted their price objective on shares of Atlassian from $235.00 to $245.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Robert W. Baird set a $230.00 price target on shares of Atlassian in a report on Friday, October 31st. Piper Sandler cut their price target on shares of Atlassian from $300.00 to $280.00 and set an “overweight” rating on the stock in a report on Monday. Cowen reaffirmed a “hold” rating on shares of Atlassian in a research note on Monday, October 27th. Finally, BTIG Research assumed coverage on Atlassian in a research note on Tuesday, December 16th. They issued a “buy” rating and a $220.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $238.46.

Atlassian News Roundup

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Williams F1 partnership raises Atlassian’s brand visibility and could help enterprise marketing and sponsorship reach over time. Read More.
• Neutral Sentiment: Analysts are reassessing TEAM’s valuation following the Dashmoto/Williams F1 collaboration — discussion focuses on branding upside vs. limited near‑term revenue impact. Read More.
• Neutral Sentiment: Market roundup pieces place Atlassian among several software names falling today, suggesting sector rotation and macro/earnings positioning (not just company‑specific news) are contributing to the selloff. Read More.
• Negative Sentiment: Co‑founders/insiders sold sizable, identical blocks on Jan. 7 (7,665 shares each at ~$161.11): CEO Michael Cannon‑Brookes’ sale is publicly filed and can weigh on sentiment when executed by top management. Read More.
• Negative Sentiment: Director/co‑founder Scott Farquhar also sold 7,665 shares on Jan. 7 (and has repeatedly sold blocks in recent weeks), amplifying investor concern about insider timing and signaling near‑term liquidity taking. Read More.
• Negative Sentiment: Media commentators (including Jim Cramer) have flagged Atlassian as “in the crosshairs,” which can accelerate headline‑driven selling and short‑term momentum pressure. Read More.
• Negative Sentiment: Wider negative context: recent coverage highlights investors are down roughly one‑third over the past year, reinforcing bearish sentiment that may amplify outflows. Read More.

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.