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

Posted by Defense World Staff on Jan 23rd, 2026

Atlassian Corporation PLC (NASDAQ:TEAM – Get Free Report) CEO Michael Cannon-Brookes sold 7,665 shares of the business’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $118.19, for a total value of $905,926.35. Following the completion of the sale, the chief executive officer owned 367,920 shares of the company’s stock, valued at $43,484,464.80. This trade represents a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

On Friday, January 16th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $120.82, for a total transaction of $926,085.30.
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 shares were 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 stock was sold at an average price of $161.11, for a total value 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 stock was 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.

Atlassian Trading Up 4.9%

Shares of TEAM stock opened at $128.46 on Friday. Atlassian Corporation PLC has a fifty-two week low of $115.53 and a fifty-two week high of $326.00. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.26 and a current ratio of 1.26. The stock’s fifty day moving average is $151.11 and its two-hundred day moving average is $164.70. The firm has a market capitalization of $33.80 billion, a P/E ratio of -180.93, a PEG ratio of 18.96 and a beta of 0.88.

Atlassian (NASDAQ:TEAM – Get Free Report) last issued its 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 business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.11%. The company’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.77 earnings per share. Research analysts expect that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TEAM has been the subject of several recent research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Atlassian in a report on Wednesday, October 8th. Wells Fargo & Company began coverage on Atlassian in a research note on Tuesday, September 30th. They issued an “overweight” rating and a $216.00 target price for the company. Truist Financial set a $210.00 price target on Atlassian in a report on Friday, October 31st. Piper Sandler reissued an “overweight” rating on shares of Atlassian in a report on Tuesday, January 13th. Finally, UBS Group reduced their target price on shares of Atlassian from $215.00 to $185.00 and set a “neutral” rating on the stock in a research note on Friday, October 24th. Twenty-one investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $235.38.

View Our Latest Stock Report on TEAM

Key Headlines Impacting Atlassian

Here are the key news stories impacting Atlassian this week:

Positive Sentiment: BTIG stays bullish after Atlassian’s Data Center pricing update, signaling continued confidence in revenue and enterprise demand — a supportive catalyst for the shares. Read More.
Positive Sentiment: A recent analysis argues AI-driven disruption fears are overblown and highlights Atlassian’s switching costs and workflow integration as protective of revenue and margins — a constructive narrative for long‑term holders. Read More.
Neutral Sentiment: Mizuho trimmed its price target from $245 to $225 but kept an Outperform rating — lowers upside expectations but still a relatively bullish stance vs. the market. Read More.
Neutral Sentiment: Street consensus remains a “Moderate Buy” based on analyst coverage, which provides some baseline support amid headline volatility. Read More.
Negative Sentiment: TD Cowen cut its target and moved to a Hold with a $175 target—this reduced analyst conviction pressured the stock and trimmed near‑term upside. Read More.
Negative Sentiment: Analyst downgrade headlines contributed to a new 52‑week low, amplifying short‑term selling pressure and volatility. Read More.
Negative Sentiment: Insider sales: CEO Michael Cannon‑Brookes and co‑founder/director Scott Farquhar each sold 7,665 shares (~2% trims) in filings — investors often view repeated insider selling as a near‑term negative despite large remaining holdings. Read More. Read More.

Institutional Investors Weigh In On Atlassian

Institutional investors and hedge funds have recently made changes to their positions in the stock. One Wealth Advisors LLC lifted its position in Atlassian by 56.7% in the second quarter. One Wealth Advisors LLC now owns 4,436 shares of the technology company’s stock valued at $901,000 after acquiring an additional 1,606 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Atlassian by 20.3% during the third quarter. Nordea Investment Management AB now owns 721,690 shares of the technology company’s stock worth $114,695,000 after purchasing an additional 121,541 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of Atlassian by 28.6% in the 2nd quarter. Allianz Asset Management GmbH now owns 102,194 shares of the technology company’s stock valued at $20,755,000 after purchasing an additional 22,701 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Atlassian by 3.7% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 258,299 shares of the technology company’s stock valued at $52,458,000 after purchasing an additional 9,274 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Atlassian by 2.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 408,414 shares of the technology company’s stock valued at $65,224,000 after purchasing an additional 9,769 shares during the period. 94.45% of the stock is owned by hedge funds and other institutional investors.

Atlassian Company Profile

(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.