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 Monday, January 26th. The shares were sold at an average price of $136.93, for a total value of $1,049,568.45. Following the completion of the transaction, the chief executive officer owned 337,260 shares of the company’s stock, valued at approximately $46,181,011.80. This trade represents a 2.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Thursday, January 22nd, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was 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 shares were 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 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 shares were 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 stock was sold at an average price of $161.11, for a total transaction of $1,234,908.15.
• On Monday, January 5th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $154.20, for a total transaction of $1,181,943.00.
• On Friday, January 2nd, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were 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 value of $1,246,942.20.

Atlassian Price Performance

NASDAQ:TEAM opened at $134.76 on Thursday. The firm has a market capitalization of $35.46 billion, a price-to-earnings ratio of -189.80, a P/E/G ratio of 20.73 and a beta of 0.88. Atlassian Corporation PLC has a 52-week low of $115.53 and a 52-week high of $326.00. The stock has a fifty day moving average of $150.02 and a 200 day moving average of $162.32. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.26 and a current ratio of 1.26.

Atlassian (NASDAQ:TEAM) last announced its earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.21. Atlassian had a negative return on equity of 7.11% and a negative net margin of 3.38%.The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period in the prior year, the company earned $0.77 EPS. The company’s quarterly revenue was up 20.6% compared to the same quarter last year. On average, research analysts expect that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Trending Headlines about Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Renewed Williams F1 partnership — Atlassian extended its long-term, fan-first sponsorship with the Williams F1 team, which supports global brand visibility and marketing momentum. Read More.
• Positive Sentiment: Sparco sponsorship added to F1 program — Sparco joined as the official racewear and technical apparel supplier for the Atlassian‑Williams F1 partnership, furthering co-marketing and brand exposure initiatives. Read More.
• Neutral Sentiment: Short-interest data is inconsistent across reports — some entries show a sizable January increase (≈7.49M shares, ~4.5% short interest, ~2.1 days to cover) while others report zero; data reliability is unclear, so short activity is not a confirmed driver based on these releases.
• Neutral Sentiment: Media coverage summarizes the mix of items pressuring shares today (insider sales, analyst action, lawsuit probe) and helps explain intraday volatility. Read More.
• Neutral Sentiment: Institutional moves: several hedge funds adjusted stakes in Q4 (some added exposure, others rebalanced). High institutional ownership (≈94%) can amplify moves but does not single-handedly predict direction.
• Negative Sentiment: Insider selling by founders/executives — CEO Michael Cannon‑Brookes and co‑founder/director Scott Farquhar each sold multiple blocks (7,665 shares at ~ $136.93 in the most recent filing), trimming their stakes by ~2.2%; repeated founder sales through January are a near‑term negative signal for sentiment. Read More.
• Negative Sentiment: Analyst action: Robert W. Baird trimmed its price target (lowering upside from $230 to $170), which reduces consensus near‑term upside and can pressure the stock. Read More.
• Negative Sentiment: Investor litigation probe: Pomerantz LLP announced an investigation into Atlassian, which raises legal risk and tends to weigh on sentiment until resolved. Read More.

Institutional Trading of Atlassian

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

Wall Street Analyst Weigh In

TEAM has been the topic of a number of recent analyst reports. Piper Sandler reaffirmed an “overweight” rating on shares of Atlassian in a research note on Tuesday, January 13th. Sanford C. Bernstein raised their price objective on shares of Atlassian from $290.00 to $304.00 and gave the company an “outperform” rating in a research report on Tuesday, November 18th. Macquarie cut their target price on shares of Atlassian from $250.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, November 3rd. TD Cowen reduced their target price on Atlassian from $205.00 to $175.00 and set a “hold” rating on the stock in a research note on Tuesday, January 20th. Finally, UBS Group set a $145.00 price target on Atlassian in a research report on Tuesday. Twenty-one equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $231.54.

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.