Atlassian (NASDAQ:TEAM) Reaches New 52-Week Low After Insider Selling

Atlassian Corporation PLC (NASDAQ:TEAM) shares reached a new 52-week low during mid-day trading on Wednesday after an insider sold shares in the company. The stock traded as low as $100.92 and last traded at $105.00, with a volume of 7650497 shares changing hands. The stock had previously closed at $113.70.

Specifically, CEO Michael Cannon-Brookes sold 7,665 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $116.40, for a total value of $892,206.00. Following the completion of the transaction, the chief executive officer directly owned 306,600 shares in the company, valued at $35,688,240. The trade was a 2.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $116.40, for a total value of $892,206.00. Following the completion of the sale, the director directly owned 306,600 shares of the company’s stock, valued at approximately $35,688,240. The trade was a 2.44% decrease in their position. The disclosure for this sale is available in the SEC filing. In other news, CEO Michael Cannon-Brookes sold 7,665 shares of the company’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $119.15, for a total transaction of $913,284.75. Following the transaction, the chief executive officer directly owned 314,265 shares of the company’s stock, valued at $37,444,674.75. This represents a 2.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Wall Street Analyst Weigh In

Several research firms recently commented on TEAM. KeyCorp reduced their price objective on Atlassian from $250.00 to $210.00 and set an “overweight” rating for the company in a report on Thursday, October 23rd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Atlassian in a research note on Wednesday, January 21st. Zacks Research raised shares of Atlassian from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. Citigroup dropped their target price on shares of Atlassian from $240.00 to $210.00 and set a “buy” rating on the stock in a report on Friday, January 16th. Finally, TD Cowen decreased their target price on shares of Atlassian from $205.00 to $175.00 and set a “hold” rating for the company in a research note on Tuesday, January 20th. Twenty analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $227.60.

Key Stories Impacting Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Atlassian announced a multi‑year partnership that integrates Anthropic’s Claude as the Atlassian Williams F1 Team’s “Official Thinking Partner,” raising the company’s profile in frontier AI integrations and offering potential product/commercial tie‑ins. Anthropic and Atlassian Williams F1 Team announce multi-year partnership
• Positive Sentiment: Analyst previews (Zacks) expect Q2 to benefit from continued cloud adoption, AI tooling and steady demand for Jira/Confluence — fundamental drivers that could support revenue and limit downside at upcoming earnings. Atlassian to Report Q2 Earnings: What’s in Store for the Stock?
• Positive Sentiment: Some outlets and analysts highlight large upside potential for Atlassian tied to AI adoption trends — a positive thematic signal that could support a recovery if execution and guidance match expectations. Software Bear Market: 2 AI Stocks to Buy…
• Neutral Sentiment: Marketing/PR items tied to the Williams F1 sponsorship (new livery, ads) increase brand visibility but are unlikely to move fundamentals on their own. Atlassian Williams F1 Team reveals bold new racing livery for 2026
• Neutral Sentiment: Reported short interest data shows effectively zero reported short shares and a 0.0 days‑to‑cover metric — a technical datapoint that currently appears immaterial to near‑term price pressure.
• Negative Sentiment: CEO Michael Cannon‑Brookes sold 7,665 shares (late Jan/early Feb), reducing his stake ~2.4%; repeated insider sales from top executives can weigh on investor sentiment even if proceeds are for diversification. SEC filing — CEO sale
• Negative Sentiment: Director/co‑founder Scott Farquhar sold an identical block of 7,665 shares on the same dates, amplifying concerns about insider conviction and contributing to near‑term selling pressure. SEC filing — Director sale

Atlassian Price Performance

The firm has a 50 day moving average price of $147.45 and a 200 day moving average price of $159.96. The stock has a market capitalization of $27.63 billion, a PE ratio of -147.89, a price-to-earnings-growth ratio of 17.61 and a beta of 0.88. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.72.

Institutional Trading of Atlassian

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Atlassian by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 18,541,267 shares of the technology company’s stock valued at $3,006,281,000 after acquiring an additional 61,706 shares during the period. Baillie Gifford & Co. boosted its position in shares of Atlassian by 3.9% in the fourth quarter. Baillie Gifford & Co. now owns 8,431,802 shares of the technology company’s stock worth $1,367,132,000 after purchasing an additional 316,276 shares during the period. Pictet Asset Management Holding SA increased its stake in shares of Atlassian by 38.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 3,950,852 shares of the technology company’s stock worth $640,628,000 after purchasing an additional 1,090,787 shares in the last quarter. Artisan Partners Limited Partnership increased its stake in shares of Atlassian by 66.3% in the second quarter. Artisan Partners Limited Partnership now owns 3,878,133 shares of the technology company’s stock worth $787,610,000 after purchasing an additional 1,545,546 shares in the last quarter. Finally, State Street Corp raised its position in shares of Atlassian by 1.9% during the 3rd quarter. State Street Corp now owns 3,867,995 shares of the technology company’s stock valued at $617,719,000 after purchasing an additional 73,014 shares during the period. Hedge funds and other institutional investors own 94.45% of the company’s stock.

About Atlassian

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.