Insider Selling: Atlassian (NASDAQ:TEAM) CEO Sells $913,284.75 in Stock

Posted by Jessica Moore on Feb 5th, 2026

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

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

On Monday, February 2nd, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $116.40, for a total value of $892,206.00.
On Wednesday, January 28th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were 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 stock was 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 shares were sold at an average price of $126.11, for a total value of $966,633.15.
On Tuesday, January 20th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was 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 stock was 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 shares were 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 stock was sold at an average price of $147.15, for a total transaction 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 transaction 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 transaction of $1,234,908.15.

Atlassian Stock Up 0.0%

TEAM stock opened at $105.04 on Thursday. Atlassian Corporation PLC has a twelve month low of $98.71 and a twelve month 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 company has a market cap of $27.64 billion, a PE ratio of -147.94, a price-to-earnings-growth ratio of 16.26 and a beta of 0.88. The business’s 50-day simple moving average is $146.59 and its 200 day simple moving average is $159.58.

Institutional Trading of Atlassian

Several large investors have recently added to or reduced their stakes in TEAM. Physician Wealth Advisors Inc. grew its holdings in shares of Atlassian by 60.4% during the third quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock worth $26,000 after purchasing an additional 61 shares during the last quarter. GAMMA Investing LLC grew its holdings in Atlassian by 12.0% during the 4th quarter. GAMMA Investing LLC now owns 615 shares of the technology company’s stock worth $100,000 after acquiring an additional 66 shares during the last quarter. Snowden Capital Advisors LLC grew its holdings in Atlassian by 1.6% during the 2nd quarter. Snowden Capital Advisors LLC now owns 4,464 shares of the technology company’s stock worth $907,000 after acquiring an additional 71 shares during the last quarter. Financial Perspectives Inc increased its position in Atlassian by 11.7% in the 4th quarter. Financial Perspectives Inc now owns 718 shares of the technology company’s stock valued at $116,000 after acquiring an additional 75 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of Atlassian by 0.3% in the second quarter. Cetera Investment Advisers now owns 24,808 shares of the technology company’s stock worth $5,038,000 after acquiring an additional 79 shares during the last quarter. 94.45% of the stock is owned by institutional investors.

Key Headlines Impacting Atlassian

Here are the key news stories impacting Atlassian this week:

Positive Sentiment: Atlassian announced a multi‑year partnership with Anthropic/Williams F1 to integrate Claude as the team’s “Official Thinking Partner,” which raises Atlassian’s AI profile and could support future product integrations and commercial opportunities. Anthropic partnership
Positive Sentiment: Analyst previews (Zacks) expect Q2 to benefit from cloud/AI tool demand and steady Jira/Confluence adoption — a fundamental tailwind to watch into earnings. Zacks earnings preview
Positive Sentiment: Some outlets highlight large upside scenarios for TEAM tied to AI adoption, signaling that several analysts still see meaningful recovery potential over a 12‑month horizon. Bullish analyst view
Neutral Sentiment: Marketing/PR from the Williams F1 sponsorship (new livery, ads) boosts brand visibility but is unlikely to move fundamentals by itself in the near term. F1 livery coverage
Neutral Sentiment: Reported short‑interest metrics currently show effectively zero shorted shares and a 0.0 days‑to‑cover figure — a technical datapoint that appears immaterial to immediate price action.
Negative Sentiment: CNBC notes broad software weakness as AI competition (e.g., Anthropic features) spooks investors and pressures cloud/software multiples — a sector headwind that can push TEAM shares lower even if company fundamentals stay intact. CNBC sector note
Negative Sentiment: Analysts Cantor Fitzgerald and BMO cut price targets (CF: $240→$146; BMO: $195→$135) — even though both keep constructive ratings, the lower targets reduce near‑term upside expectations and contribute to selling pressure. Cantor Fitzgerald note BMO note
Negative Sentiment: Co‑founders/insiders (CEO Michael Cannon‑Brookes and director Scott Farquhar) recently sold multiple identical blocks (~7,665 shares each), a pattern of repeated insider sales that has amplified investor concern about insider conviction and likely added near‑term selling pressure. SEC filing — insider sales

Analyst Upgrades and Downgrades

Several brokerages recently commented on TEAM. Citigroup reduced their target price on Atlassian from $240.00 to $210.00 and set a “buy” rating for the company in a research report on Friday, January 16th. Cantor Fitzgerald reduced their price objective on shares of Atlassian from $240.00 to $146.00 and set an “overweight” rating for the company in a report on Wednesday. Canaccord Genuity Group reissued a “buy” rating and issued a $230.00 target price on shares of Atlassian in a research note on Wednesday, October 22nd. Weiss Ratings restated a “sell (e+)” rating on shares of Atlassian in a research note on Wednesday, January 21st. Finally, UBS Group set a $145.00 price objective on Atlassian in a report on Tuesday, January 27th. Twenty research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Atlassian has a consensus rating of “Moderate Buy” and an average price target of $221.44.

Read Our Latest Analysis on Atlassian

Atlassian Company Profile

(Get Free Report)

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.