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 the company’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $147.15, for a total value of $1,127,904.75. Following the completion of the sale, the chief executive officer owned 413,910 shares in the company, valued at $60,906,856.50. The trade was a 1.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, January 9th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $145.91, for a total value 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 value 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 value of $1,181,943.00.
• 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 value 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 stock was 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 shares were sold at an average price of $161.30, for a total transaction 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 transaction of $1,250,621.40.

Atlassian Stock Down 5.8%

NASDAQ TEAM traded down $8.55 during mid-day trading on Tuesday, reaching $137.89. The stock had a trading volume of 5,123,112 shares, compared to its average volume of 3,481,469. The stock has a market cap of $36.28 billion, a PE ratio of -194.21, a price-to-earnings-growth ratio of 22.67 and a beta of 0.88. Atlassian Corporation PLC has a 1 year low of $137.66 and a 1 year high of $326.00. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.26 and a quick ratio of 1.26. The company has a fifty day moving average price of $156.31 and a 200 day moving average price of $168.73.

Atlassian (NASDAQ:TEAM) last posted its earnings results on Thursday, October 30th. The technology company reported $1.04 EPS 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 during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter last 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 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Capco Asset Management LLC bought a new position in Atlassian in the 2nd quarter worth $25,000. Physician Wealth Advisors Inc. increased its position in 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 in the last quarter. Atlantic Union Bankshares Corp raised its stake in shares of Atlassian by 19,900.0% in the third quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company’s stock worth $32,000 after buying an additional 199 shares during the period. Board of the Pension Protection Fund bought a new position in shares of Atlassian during the 4th quarter valued at approximately $32,000. Finally, Geneos Wealth Management Inc. increased its holdings in Atlassian by 447.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock worth $42,000 after acquiring an additional 161 shares in the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on TEAM shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $240.00 price target on shares of Atlassian in a report on Friday, October 31st. Piper Sandler restated an “overweight” rating on shares of Atlassian in a research report on Tuesday. Wells Fargo & Company started coverage on shares of Atlassian in a report on Tuesday, September 30th. They issued an “overweight” rating and a $216.00 target price on the stock. Citigroup reiterated a “buy” rating on shares of Atlassian in a research note on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Atlassian in a report on Wednesday, October 8th. One 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, Atlassian currently has an average rating of “Moderate Buy” and a consensus price target of $238.46.

More Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: BTIG reaffirmed a “buy” on TEAM with a $220 price target (big upside vs. current levels), giving near-term fundamental support from a well-known sell‑side shop. Article Title
• Positive Sentiment: Analyst coverage remains skewed toward buys: MarketBeat/consensus data show a “Moderate Buy” consensus and a material upside to the average target (~$238), which can support a rebound if sentiment improves.
• Positive Sentiment: Keeper Security announced implementation of KeeperPAM to strengthen the Atlassian Williams F1 Team’s cyber defenses — a product win that highlights enterprise/security demand for privileged-access management. Article Title
• Neutral Sentiment: Atlassian/Williams F1 announced a driver appointment (Victor Martins) — positive PR for the team sponsorship but unlikely to materially move enterprise revenue. Article Title
• Neutral Sentiment: Short‑interest data released for January appears to show zero shares shorted (likely a reporting/data anomaly), so there’s no clear short-squeeze narrative for the move. (Monitor updated filings for clarity.)
• Negative Sentiment: Insider selling from co‑founders/executives: CEO Michael Cannon‑Brookes (and director Scott Farquhar in parallel filings) has been selling recurring blocks of shares in January — recent sales totaled multiple 7,665‑share transactions. Repeated founder sales can pressure sentiment and are a primary negative driver today. SEC Filing

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.