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

Atlassian Corporation PLC (NASDAQ:TEAM) CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $105.14, for a total value of $805,898.10. Following the transaction, the chief executive officer owned 291,270 shares in the company, valued at approximately $30,624,127.80. This trade represents a 2.56% decrease in their ownership of the stock. The sale 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 Friday, January 30th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $119.15, for a total transaction of $913,284.75.
• 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 stock was sold at an average price of $136.93, for a total transaction 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 transaction 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 value 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 value 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 value 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 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.

Atlassian Trading Down 6.3%

Shares of NASDAQ:TEAM traded down $6.63 during trading on Thursday, hitting $98.41. 8,137,469 shares of the company’s stock were exchanged, compared to its average volume of 5,157,384. Atlassian Corporation PLC has a 1-year low of $97.93 and a 1-year high of $326.00. The firm has a market cap of $25.89 billion, a P/E ratio of -138.60, a PEG ratio of 16.26 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. The firm has a 50-day moving average price of $146.59 and a two-hundred day moving average price of $159.58.

Trending Headlines about Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Q4 results beat EPS expectations — Atlassian reported $1.22 EPS vs. $1.12 consensus, showing resilience in profitability metrics despite continued negative net margin and ROE disclosures. This reduces downside risk from weaker-than-expected results. Read More.
• Positive Sentiment: Atlassian highlighted enterprise AI positioning via its Williams F1 / Anthropic Claude tie‑up — a multi‑year pact that raises the company’s profile in AI integrations and could support future product monetization if executed. Read More.
• Positive Sentiment: Analyst previews note continued cloud adoption and demand for Jira/Confluence and AI tooling as tailwinds heading into the new fiscal period, which can support revenue stability even if margins remain under pressure. Read More.
• Neutral Sentiment: Reported short interest data is effectively zero / immaterial right now — a technical datapoint that doesn’t explain today’s selling pressure. (No external link available in feed.)
• Negative Sentiment: Repeated insider selling by top executives — CEO Michael Cannon‑Brookes and co‑founder/director Scott Farquhar each sold 7,665 shares in recent filings. Multiple, sizable insider sales are weighing on investor sentiment and likely contributed to near‑term price weakness. Read More.
• Negative Sentiment: Analyst price‑target revisions have come down: Cantor Fitzgerald cut its target to $146 and BMO lowered theirs to $135 — these reductions, even with constructive ratings, reduce the headline upside and can pressure sentiment. Read More.
• Negative Sentiment: Broader sector weakness tied to AI disruption fears — recent reporting shows software/cloud funds and names are being punished amid concern over new AI entrants and feature competition, which has amplified selling pressure across the group, including TEAM. Read More.

Analyst Ratings Changes

Several research firms recently issued reports on TEAM. Mizuho dropped their target price on Atlassian from $245.00 to $225.00 and set an “outperform” rating on the stock in a report on Wednesday, January 21st. Piper Sandler restated an “overweight” rating on shares of Atlassian in a research report on Tuesday, January 13th. The Goldman Sachs Group reiterated a “buy” rating and issued a $260.00 price target on shares of Atlassian in a research note on Friday, October 31st. Canaccord Genuity Group reissued a “buy” rating and set a $230.00 target price on shares of Atlassian in a research report on Wednesday, October 22nd. Finally, BMO Capital Markets decreased their price objective on Atlassian from $195.00 to $135.00 and set an “outperform” rating for the company in a report on Wednesday. Twenty investment 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $221.44.

Institutional Trading of Atlassian

Several hedge funds and other institutional investors have recently bought and sold shares of TEAM. Mission Wealth Management LP bought a new stake in Atlassian in the fourth quarter worth $291,000. North Dakota State Investment Board purchased a new position in shares of Atlassian in the fourth quarter worth about $926,000. Soltis Investment Advisors LLC bought a new stake in shares of Atlassian in the 4th quarter valued at about $351,000. iA Global Asset Management Inc. boosted its holdings in Atlassian by 7.4% during the 4th quarter. iA Global Asset Management Inc. now owns 23,683 shares of the technology company’s stock valued at $3,840,000 after acquiring an additional 1,642 shares during the period. Finally, Beese Fulmer Investment Management Inc. bought a new position in Atlassian during the 4th quarter worth approximately $661,000. Hedge funds and other institutional investors own 94.45% of the company’s stock.

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.