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 that occurred on Thursday, January 22nd. The stock was sold at an average price of $126.11, for a total transaction of $966,633.15. Following the transaction, the chief executive officer directly owned 360,255 shares of the company’s stock, valued at approximately $45,431,758.05. This trade represents a 2.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, January 20th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $118.19, for a total value of $905,926.35.
• On Friday, January 16th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $120.82, for a total value 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 value 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 value 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 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 shares were 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 stock was 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 shares were sold at an average price of $163.66, for a total value of $1,254,453.90.

Atlassian Trading Up 2.6%

Shares of Atlassian stock opened at $131.75 on Friday. Atlassian Corporation PLC has a fifty-two week low of $115.53 and a fifty-two week high of $326.00. The business’s fifty day moving average is $150.71 and its two-hundred day moving average is $163.73. 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 firm has a market cap of $34.66 billion, a PE ratio of -185.56, a P/E/G ratio of 20.40 and a beta of 0.88.

Atlassian (NASDAQ:TEAM) last released its 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. Atlassian had a negative return on equity of 7.11% and a negative net margin of 3.38%.The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period in the prior year, the firm posted $0.77 earnings per share. The business’s quarterly revenue was up 20.6% compared to the same quarter last year. Analysts anticipate that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Atlassian in a research report on Wednesday. Canaccord Genuity Group restated a “buy” rating and set a $230.00 price objective on shares of Atlassian in a report on Wednesday, October 22nd. Zacks Research upgraded Atlassian from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. TD Cowen dropped their price target on Atlassian from $205.00 to $175.00 and set a “hold” rating for the company in a research note on Tuesday, January 20th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $260.00 price objective on shares of Atlassian in a report on Friday, October 31st. Twenty-one equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $235.38.

Key Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Atlassian exec Shamik Sharma outlines an AI “ticketless” vision that could streamline service workflows and help drive product differentiation and enterprise adoption. Ticketless Future with AI
• Positive Sentiment: Event coverage from Atlassian’s Team on Tour (Bengaluru) highlights AI features positioning the product as a teammate for users — a narrative that supports upside if adoption accelerates. When AI becomes a teammate
• Positive Sentiment: MarketBeat argues TEAM is deeply oversold ahead of earnings, notes several buy/Outperform reiterations (Mizuho, Citi, Piper Sandler, BTIG) and says fundamentals/revenue trends still look solid — a potential catalyst if Atlassian again beats estimates. Atlassian Has Been Crushed—But the Setup Into Earnings Is Shifting
• Neutral Sentiment: Brokerage consensus remains “Moderate Buy” by count, reflecting mixed analyst views even as some firms lower targets but keep positive ratings. This keeps the stock tethered to next earnings and guidance. Consensus Recommendation: Moderate Buy
• Neutral Sentiment: Valuation pieces note short‑term pain from AI concern noise and Data Center/cloud pricing changes; these analyses assess whether the sell‑off already prices in slower growth or overstates disruption risk. Assessing Atlassian Valuation
• Negative Sentiment: Mizuho and TD Cowen have signaled more cautious views recently — Mizuho (per some reports) trimmed forecasts/targets and TD Cowen cut its target and moved to Hold — reducing near‑term upside expectations. Mizuho Issues Pessimistic Forecast
• Negative Sentiment: Analyst downgrades and note-driven skepticism have pushed TEAM to new multi‑year/52‑week lows in recent sessions, which can trigger additional selling and margin pressure ahead of a definitive rebound. Hits New 52-Week Low After Analyst Downgrade
• Negative Sentiment: Founder/director insider sales (Scott Farquhar and others) — repeated small sells in January — have been disclosed and some investors view these as a negative signal even though founders retain large stakes. Scott Farquhar Sells Shares

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TEAM. Capco Asset Management LLC purchased a new stake in shares of Atlassian during the 2nd quarter valued at about $25,000. Physician Wealth Advisors Inc. grew its position in Atlassian by 60.4% in the third quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock valued at $26,000 after acquiring an additional 61 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Atlassian by 447.2% during the first 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 during the period. Atlantic Union Bankshares Corp lifted its position in shares of 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 purchasing an additional 199 shares in the last quarter. Finally, Board of the Pension Protection Fund purchased a new position in shares of Atlassian in the fourth quarter valued at $32,000. Institutional investors and hedge funds 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.