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 Atlassian stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $120.82, for a total transaction of $926,085.30. Following the transaction, the chief executive officer directly owned 383,250 shares in the company, valued at $46,304,265. This trade represents a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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 transaction of $1,024,503.90.
• On Monday, January 12th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $147.15, for a total transaction of $1,127,904.75.
• 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 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 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 value 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 shares were 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 shares were sold at an average price of $162.40, for a total value of $1,244,796.00.

Atlassian Stock Down 7.7%

Shares of Atlassian stock opened at $118.55 on Friday. 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 52-week low of $118.08 and a 52-week high of $326.00. The company’s 50 day moving average price is $153.84 and its 200-day moving average price is $166.88. The stock has a market capitalization of $31.19 billion, a price-to-earnings ratio of -166.97, a P/E/G ratio of 18.36 and a beta of 0.88.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings results on Thursday, October 30th. The technology company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.21. The company had revenue of $1.43 billion during 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% compared to the same quarter last year. During the same period in the prior year, the business posted $0.77 EPS. Equities research analysts forecast that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Analyst Ratings Changes

TEAM has been the topic of a number of research analyst reports. Sanford C. Bernstein boosted their price target on Atlassian from $290.00 to $304.00 and gave the company an “outperform” rating in a report on Tuesday, November 18th. The Goldman Sachs Group reissued a “buy” rating and set a $260.00 target price on shares of Atlassian in a research note on Friday, October 31st. Bank of America initiated coverage on Atlassian in a report on Tuesday, September 23rd. They set a “neutral” rating and a $200.00 target price for the company. Zacks Research upgraded shares of Atlassian from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. Finally, Mizuho upped their price objective on shares of Atlassian from $235.00 to $245.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Atlassian currently has an average rating of “Moderate Buy” and an average target price of $237.31.

Atlassian News Summary

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: BTIG reaffirmed a “Buy” rating with a $220 target, which may attract value‑oriented buyers and limit downside. Atlassian (NASDAQ:TEAM) Earns Buy Rating from BTIG Research
• Positive Sentiment: Atlassian appointed Google alum Anil Sabharwal to the board, adding AI/product experience that could help execution on AI-enabled roadmap and partnerships. Atlassian Appoints Anil Sabharwal to Board of Directors
• Neutral Sentiment: PR and sponsorship items (Atlassian–Williams F1 coverage) and a Clovity hire to push regulated‑sector integrations improve brand/GTM visibility but are unlikely to move near‑term fundamentals. Why you should be supporting Atlassian Williams F1 Team
• Neutral Sentiment: Commentary asking whether TEAM should be reassessed after a steep one‑year decline highlights the valuation debate but provides no new company data. Is It Time To Reassess Atlassian (TEAM) After A 49% One-Year Share Price Fall?
• Negative Sentiment: Repeated insider selling by co‑founders Michael Cannon‑Brookes and Scott Farquhar — multiple sales of 7,665‑share lots in Dec–Jan — is pressuring sentiment and has been widely cited in stories about the stock hitting new lows. Insider sale SEC filing
• Negative Sentiment: Sector headwinds from “agentic” AI (e.g., Claude Code) raise the risk that autonomous coding/workflow agents could reduce demand for some standalone Atlassian licenses or compress pricing power over time. 3 Stocks to Avoid as Software Sector Stumbles
• Negative Sentiment: Citi and other outlets noting price‑target cuts/coverage changes in the software group add analyst pressure; media coverage of a new 12‑month low amplifies short‑term selling pressure. Atlassian, Datadog, Fastly in focus as Citi cuts price targets

Hedge Funds Weigh In On Atlassian

A number of institutional investors have recently added to or reduced their stakes in the company. Capco Asset Management LLC purchased a new position in Atlassian during the second quarter valued at $25,000. Physician Wealth Advisors Inc. increased its stake 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. Geneos Wealth Management Inc. lifted its position in 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 during the period. Atlantic Union Bankshares Corp boosted its stake in Atlassian by 19,900.0% during the third quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company’s stock worth $32,000 after acquiring an additional 199 shares in the last quarter. Finally, Board of the Pension Protection Fund purchased a new stake in Atlassian in the fourth quarter worth about $32,000. Institutional investors own 94.45% of the company’s stock.

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.