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

Atlassian Corporation PLC (NASDAQ:TEAM) CEO Michael Cannon-Brookes sold 7,665 shares of the company’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $154.20, for a total transaction of $1,181,943.00. Following the sale, the chief executive officer directly owned 452,235 shares of the company’s stock, valued at $69,734,637. The trade was a 1.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, January 2nd, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was 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 transaction 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 transaction of $1,245,792.45.
• On Friday, December 19th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $162.40, for a total transaction of $1,244,796.00.
• On Tuesday, December 23rd, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $161.30, for a total value of $1,236,364.50.
• On Wednesday, December 17th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $163.16, for a total value of $1,250,621.40.
• On Monday, December 15th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $158.92, for a total value of $1,218,121.80.
• On Friday, December 12th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $162.11, for a total value of $1,242,573.15.
• On Wednesday, December 10th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $161.79, for a total value of $1,240,120.35.

Atlassian Stock Up 2.9%

Shares of TEAM opened at $158.36 on Wednesday. Atlassian Corporation PLC has a 52-week low of $139.70 and a 52-week high of $326.00. 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 stock has a fifty day simple moving average of $157.56 and a two-hundred day simple moving average of $170.05. The company has a market capitalization of $41.67 billion, a PE ratio of -223.04, a price-to-earnings-growth ratio of 23.83 and a beta of 0.88.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.21. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.11%. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the previous year, the company posted $0.77 EPS. The company’s revenue was up 20.6% compared to the same quarter last year. As a group, equities analysts forecast that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Wall Street Analyst Weigh In

TEAM has been the topic of several analyst reports. Mizuho lifted their price target on shares of Atlassian from $235.00 to $245.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Cowen reissued a “hold” rating on shares of Atlassian in a research note on Monday, October 27th. Wells Fargo & Company assumed coverage on Atlassian in a research report on Tuesday, September 30th. They issued an “overweight” rating and a $216.00 target price on the stock. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $230.00 price target on shares of Atlassian in a research note on Wednesday, October 22nd. Finally, Piper Sandler lowered their price target on Atlassian from $300.00 to $280.00 and set an “overweight” rating for the company in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $238.46.

Key Headlines Impacting Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Atlassian-branded motorsports deals boost visibility — Atlassian is tied to new F1-related marketing: a dashmoto partnership announced at CES 2026 and the Atlassian Williams F1 Team livery launch set for Feb. 3. These raise brand awareness and customer/enterprise marketing exposure (limited near-term revenue impact, but positive for sentiment). dashmoto Announces Groundbreaking Partnership with Atlassian Williams F1 Team, at CES 2026 Atlassian Williams F1 Team to launch FW48 livery on 3rd February
• Neutral Sentiment: Analyst and institutional backdrop is mixed but not extreme — the consensus remains a “Moderate Buy” with a mean target around $238. Analysts have issued both upgrades and cuts in recent months; institutional ownership remains high with only modest portfolio tweaks reported. This provides a neutral-to-supportive context but no immediate catalyst. Analyst coverage and consensus context
• Negative Sentiment: Repeated insider sales from founders/CEO — CEO Michael Cannon‑Brookes and co‑founder Scott Farquhar each sold blocks of 7,665 shares across late December and early January (transactions at roughly $162–$154). Each sale reduced their holdings by ~1.6–1.7%; the filings are disclosed with the SEC. Multiple, consecutive sales by top insiders can weigh on investor sentiment even if executed under pre-set plans. SEC filing (example)
• Negative Sentiment: Piper Sandler trimmed its price target — Piper Sandler lowered its TEAM target from $300 to $280. A downward revision from a coverage firm can put near‑term pressure on the stock even though the target remains above current trade levels. Atlassian price target lowered to $280 from $300 at Piper Sandler

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. One Wealth Advisors LLC boosted its stake in shares of 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 purchasing an additional 1,606 shares during the period. Allianz Asset Management GmbH lifted its holdings in Atlassian by 28.6% during the 2nd quarter. Allianz Asset Management GmbH now owns 102,194 shares of the technology company’s stock worth $20,755,000 after buying an additional 22,701 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Atlassian by 3.7% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 258,299 shares of the technology company’s stock worth $52,458,000 after buying an additional 9,274 shares in the last quarter. Machina Capital S.A.S. boosted its position in Atlassian by 203.0% in the 2nd quarter. Machina Capital S.A.S. now owns 9,376 shares of the technology company’s stock valued at $1,904,000 after buying an additional 6,282 shares during the period. Finally, Nicholas Company Inc. grew its stake in shares of Atlassian by 10.0% in the second quarter. Nicholas Company Inc. now owns 227,789 shares of the technology company’s stock worth $46,262,000 after acquiring an additional 20,635 shares in the last quarter. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

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.