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 on Monday, January 12th. The stock was sold at an average price of $147.15, for a total value of $1,127,904.75. Following the transaction, the chief executive officer directly owned 406,245 shares of the company’s stock, valued at $59,778,951.75. The trade was a 1.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, January 9th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $145.91, for a total value of $1,118,400.15.
• On Wednesday, January 7th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was 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 shares were 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 stock was 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 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 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 transaction of $1,245,792.45.
• On Friday, December 19th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were 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 stock was sold at an average price of $161.30, for a total value of $1,236,364.50.
• 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.

Atlassian Trading Down 4.3%

TEAM opened at $131.96 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 one year low of $131.20 and a one year high of $326.00. The company has a market cap of $34.72 billion, a P/E ratio of -185.86, a PEG ratio of 21.35 and a beta of 0.88. The business’s 50-day simple moving average is $155.18 and its 200-day simple moving average is $168.02.

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Zacks Research raised Atlassian from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Atlassian in a research report on Wednesday, October 8th. Sanford C. Bernstein boosted their price objective on Atlassian from $290.00 to $304.00 and gave the company an “outperform” rating in a research note on Tuesday, November 18th. Canaccord Genuity Group restated a “buy” rating and set a $230.00 target price on shares of Atlassian in a research report on Wednesday, October 22nd. Finally, KeyCorp lowered their price target on Atlassian from $250.00 to $210.00 and set an “overweight” rating on the stock in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Atlassian currently has a consensus rating of “Moderate Buy” and a consensus target price of $238.46.

Institutional Trading of Atlassian

Several hedge funds have recently modified their holdings of TEAM. Capco Asset Management LLC acquired a new position in Atlassian during the second quarter worth $25,000. Physician Wealth Advisors Inc. grew its stake in shares of Atlassian by 60.4% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock worth $26,000 after purchasing an additional 61 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of 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 purchasing an additional 161 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 purchasing an additional 199 shares in the last quarter. Finally, Board of the Pension Protection Fund acquired a new stake in shares of Atlassian in the fourth quarter valued at about $32,000. 94.45% of the stock is owned by institutional investors and hedge funds.

Atlassian News Roundup

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: BTIG reaffirmed a “buy” on TEAM with a $220 price target, signaling analyst conviction that there is upside from current levels. BTIG/Benzinga coverage
• Positive Sentiment: Large institutional holders (e.g., Vanguard, Artisan, State Street) continue to hold or have added to positions in TEAM, supporting a base of long‑term demand beneath the stock.
• Neutral Sentiment: Atlassian scheduled Q2 FY2026 earnings for after the close on Feb 5, 2026 with a 2:00 PM PT conference call — a near‑term event that could reprice the stock based on revenue, guidance and booking trends. Earnings date announcement
• Neutral Sentiment: Operational/PR news: Keeper Security announced a cybersecurity deployment with the Atlassian Williams F1 team — positive for brand/partnerships but unlikely to move near‑term fundamentals materially. Keeper Security / Williams F1
• Neutral Sentiment: Analyst coverage remains mixed‑but‑positive overall (consensus “Moderate Buy” and a materially higher average target), so analyst commentary around earnings could amplify moves in either direction. Analyst roundup
• Negative Sentiment: Repeated insider selling by co‑founders Michael Cannon‑Brookes and Scott Farquhar (multiple 7,665‑share lots across Dec–Jan, including filings on Jan 12) is the primary bearish driver today — the pattern has prompted headlines and investor concern about timing and insider sentiment. See reporting and SEC filing for details. Invezz article SEC filing

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.