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

Atlassian Corporation PLC (NASDAQ:TEAM) CEO Michael Cannon-Brookes sold 7,665 shares of the stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $119.15, for a total transaction of $913,284.75. Following the completion of the transaction, the chief executive officer directly owned 314,265 shares of the company’s stock, valued at approximately $37,444,674.75. The trade was a 2.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, January 28th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $135.44, for a total value of $1,038,147.60.
• On Monday, January 26th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $136.93, for a total value of $1,049,568.45.
• On Thursday, January 22nd, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $126.11, for a total transaction of $966,633.15.
• 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 transaction of $905,926.35.
• 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 stock was 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 shares were 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 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 shares were 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 stock was sold at an average price of $154.20, for a total value of $1,181,943.00.

Atlassian Trading Down 3.8%

NASDAQ TEAM opened at $113.70 on Tuesday. The stock has a market cap of $29.92 billion, a PE ratio of -160.14, a PEG ratio of 18.30 and a beta of 0.88. Atlassian Corporation PLC has a 12 month low of $113.47 and a 12 month high of $326.00. The company’s 50-day moving average price is $148.33 and its 200-day moving average price is $160.59. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.72.

Key Stories Impacting Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Atlassian and Anthropic/Williams F1 announced a multi‑year partnership to integrate Anthropic’s Claude across the Williams F1 team, highlighting Atlassian’s positioning in AI partnerships and product integration opportunities that could support enterprise demand and brand visibility. Anthropic and Atlassian Williams F1 Team announce multi-year partnership
• Positive Sentiment: Analyst preview from Zacks expects Q2 to benefit from strong cloud adoption, AI tools and continued demand for Jira and Confluence — a fundamental tailwind that supports revenue growth expectations ahead of earnings. Atlassian to Report Q2 Earnings: What’s in Store for the Stock?
• Neutral Sentiment: Media commentary notes Atlassian may have upside despite broader negative sentiment in the software sector; this is more thematic and less company‑specific. Atlassian Corporation (TEAM) has upside despite negative software sentiment
• Neutral Sentiment: Reported short interest data shows effectively zero reported short shares and a 0.0 days‑to‑cover metric — a technical data point that currently appears immaterial to price pressure.
• Negative Sentiment: CEO Michael Cannon‑Brookes sold 7,665 shares on Jan. 30 at an average $119.15 (≈$913K), reducing his stake ~2.38%; insider selling can create near‑term negative sentiment among investors. SEC filing — CEO sale
• Negative Sentiment: Director Scott Farquhar sold an identical block (7,665 shares at $119.15) on Jan. 30, also reducing his stake ~2.38%; combined insider sales from top executives amplify concerns about conviction even if sales may be routine or for diversification. SEC filing — Director sale

Analyst Ratings Changes

TEAM has been the topic of a number of recent research reports. Macquarie dropped their price target on Atlassian from $250.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $260.00 price objective on shares of Atlassian in a research note on Friday, October 31st. Zacks Research upgraded shares of Atlassian from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. KeyCorp reduced their price target on shares of Atlassian from $250.00 to $210.00 and set an “overweight” rating for the company in a report on Thursday, October 23rd. Finally, Jefferies Financial Group set a $262.00 price target on shares of Atlassian in a research report on Thursday, January 15th. Twenty equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $227.60.

Institutional Investors Weigh In On Atlassian

Institutional investors have recently bought and sold shares of the company. Capco Asset Management LLC purchased a new stake in shares of Atlassian during the 2nd quarter valued at $25,000. Physician Wealth Advisors Inc. grew its stake in 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 buying an additional 61 shares during the last quarter. Atlantic Union Bankshares Corp increased its position in Atlassian by 19,900.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company’s stock valued at $32,000 after buying an additional 199 shares in the last quarter. Board of the Pension Protection Fund purchased a new stake in Atlassian in the fourth quarter valued at about $32,000. Finally, Bogart Wealth LLC raised its stake in Atlassian by 76.4% in the fourth quarter. Bogart Wealth LLC now owns 217 shares of the technology company’s stock valued at $35,000 after buying an additional 94 shares during the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

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.