Atlassian (NASDAQ:TEAM) CEO Sells $1,117,940.25 in Stock

Atlassian Corporation PLC (NASDAQ:TEAM) CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $145.85, for a total value of $1,117,940.25. Following the completion of the transaction, the chief executive officer owned 429,240 shares of the company’s stock, valued at approximately $62,604,654. This represents a 1.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, October 8th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $150.93, for a total value of $1,156,878.45.
• On Monday, October 6th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $150.75, for a total value of $1,155,498.75.
• On Friday, October 3rd, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $150.86, for a total value of $1,156,341.90.
• On Wednesday, October 1st, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $152.50, for a total value of $1,168,912.50.
• On Monday, September 29th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $166.36, for a total value of $1,275,149.40.
• On Friday, September 26th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $165.26, for a total transaction of $1,266,717.90.
• On Wednesday, September 24th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $165.09, for a total transaction of $1,265,414.85.
• On Monday, September 22nd, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $170.20, for a total transaction of $1,304,583.00.
• On Friday, September 19th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $169.32, for a total transaction of $1,297,837.80.
• On Wednesday, September 17th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $173.56, for a total transaction of $1,330,337.40.

Atlassian Stock Down 2.2%

Shares of NASDAQ TEAM opened at $144.56 on Monday. Atlassian Corporation PLC has a 1 year low of $144.32 and a 1 year high of $326.00. The firm has a 50-day simple moving average of $167.04 and a two-hundred day simple moving average of $192.32. The company has a market cap of $37.92 billion, a P/E ratio of -146.02 and a beta of 0.92. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.22 and a quick ratio of 1.22.

Atlassian (NASDAQ:TEAM) last released its earnings results on Thursday, August 7th. The technology company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Atlassian had a negative return on equity of 14.77% and a negative net margin of 4.92%.The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the prior year, the firm posted $0.66 earnings per share. The company’s quarterly revenue was up 22.3% on a year-over-year basis. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Research analysts anticipate that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Institutional Trading of Atlassian

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Atlassian in the 2nd quarter worth $377,794,000. Artisan Partners Limited Partnership grew its stake in Atlassian by 66.3% in the second quarter. Artisan Partners Limited Partnership now owns 3,878,133 shares of the technology company’s stock valued at $787,610,000 after purchasing an additional 1,545,546 shares during the last quarter. Nuveen LLC bought a new position in Atlassian in the first quarter worth about $327,665,000. AQR Capital Management LLC raised its holdings in Atlassian by 145.6% in the first quarter. AQR Capital Management LLC now owns 1,715,287 shares of the technology company’s stock worth $354,858,000 after purchasing an additional 1,016,902 shares in the last quarter. Finally, DNB Asset Management AS lifted its position in shares of Atlassian by 2,676.8% during the second quarter. DNB Asset Management AS now owns 765,678 shares of the technology company’s stock valued at $155,502,000 after buying an additional 738,104 shares during the last quarter. Institutional investors own 94.45% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Canaccord Genuity Group decreased their target price on Atlassian from $255.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, August 8th. Raymond James Financial decreased their price objective on shares of Atlassian from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Friday, August 8th. Guggenheim initiated coverage on shares of Atlassian in a research report on Thursday, September 11th. They set a “buy” rating and a $225.00 target price on the stock. Oppenheimer decreased their price target on shares of Atlassian from $300.00 to $275.00 and set an “outperform” rating for the company in a research note on Monday, July 21st. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Atlassian in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $248.74.

Atlassian Company Profile

Atlassian Corporation, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its product portfolio includes Jira Software and Jira Work Management, a project management system that connects technical and business teams so they can better plan, organize, track and manage their work and projects; Confluence, a connected workspace that organizes knowledge across all teams to move work forward; and Trello, a collaboration and organization product that captures and adds structure to fluid and fast-forming work for teams.