Insider Selling: Atlassian (NASDAQ:TEAM) CEO Sells $1,284,730.65 in Stock

Atlassian Corporation PLC (NASDAQ:TEAM) CEO Michael Cannon-Brookes sold 7,665 shares of the firm’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $167.61, for a total transaction of $1,284,730.65. Following the transaction, the chief executive officer owned 314,265 shares of the company’s stock, valued at $52,673,956.65. This trade represents a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, November 3rd, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $172.78, for a total transaction of $1,324,358.70.
• On Wednesday, October 29th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $160.40, for a total transaction of $1,229,466.00.
• On Monday, October 27th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $165.03, for a total transaction of $1,264,954.95.
• On Friday, October 24th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $164.50, for a total transaction of $1,260,892.50.
• On Wednesday, October 22nd, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $169.16, for a total transaction of $1,296,611.40.
• On Friday, October 17th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $151.21, for a total transaction of $1,159,024.65.
• On Monday, October 20th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $157.28, for a total transaction of $1,205,551.20.
• On Wednesday, October 15th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $151.83, for a total transaction of $1,163,776.95.
• On Monday, October 13th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $147.81, for a total transaction of $1,132,963.65.
• On Friday, October 10th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $145.85, for a total transaction of $1,117,940.25.

Atlassian Stock Performance

Shares of NASDAQ TEAM opened at $161.46 on Thursday. The company has a market cap of $42.36 billion, a PE ratio of -227.41, a price-to-earnings-growth ratio of 39.13 and a beta of 0.95. Atlassian Corporation PLC has a 12 month low of $144.32 and a 12 month 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 1.22. The company has a 50-day simple moving average of $164.05 and a 200-day simple moving average of $187.12.

Atlassian (NASDAQ:TEAM) last issued its quarterly 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. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.11%. The company’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.77 earnings per share. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. On average, equities analysts anticipate that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. State of Wyoming lifted its position in shares of Atlassian by 20.3% during the first quarter. State of Wyoming now owns 278 shares of the technology company’s stock worth $59,000 after purchasing an additional 47 shares in the last quarter. First Horizon Advisors Inc. lifted its position in shares of Atlassian by 25.9% during the first quarter. First Horizon Advisors Inc. now owns 267 shares of the technology company’s stock worth $57,000 after purchasing an additional 55 shares in the last quarter. Physician Wealth Advisors Inc. lifted its position 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 in the last quarter. EP Wealth Advisors LLC lifted its position in shares of Atlassian by 2.8% during the first quarter. EP Wealth Advisors LLC now owns 2,641 shares of the technology company’s stock worth $561,000 after purchasing an additional 71 shares in the last quarter. Finally, Snowden Capital Advisors LLC lifted its position in shares of Atlassian by 1.6% during the second 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 in the last quarter. 94.45% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on TEAM shares. Canaccord Genuity Group restated a “buy” rating and issued a $230.00 target price on shares of Atlassian in a report on Wednesday, October 22nd. Weiss Ratings restated a “sell (e+)” rating on shares of Atlassian in a report on Wednesday, October 8th. TD Cowen lowered their target price on shares of Atlassian from $220.00 to $205.00 and set a “hold” rating for the company in a report on Monday, October 27th. Bank of America started coverage on shares of Atlassian in a report on Tuesday, September 23rd. They issued a “neutral” rating and a $200.00 target price for the company. Finally, Wall Street Zen upgraded shares of Atlassian from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Atlassian presently has an average rating of “Moderate Buy” and a consensus price target of $239.44.

About Atlassian

Atlassian Corporation, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its product portfolio includes Jira Software and Jira Work Management, a project management system that connects technical and business teams so they can better plan, organize, track and manage their work and projects; Confluence, a connected workspace that organizes knowledge across all teams to move work forward; and Trello, a collaboration and organization product that captures and adds structure to fluid and fast-forming work for teams.