Atlassian (NASDAQ:TEAM) CEO Sells $805,898.10 in Stock

Atlassian Corporation PLC (NASDAQ:TEAM) CEO Michael Cannon-Brookes sold 7,665 shares of the stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $105.14, for a total transaction of $805,898.10. Following the sale, the chief executive officer owned 291,270 shares of the company’s stock, valued at approximately $30,624,127.80. This represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available 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 transaction of $892,206.00.
• On Friday, January 30th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $119.15, for a total value 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 transaction of $1,038,147.60.
• On Monday, January 26th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were 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 stock was 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 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 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.

Atlassian Stock Performance

TEAM traded down $6.63 during trading on Thursday, hitting $98.41. The company’s stock had a trading volume of 8,137,469 shares, compared to its average volume of 5,157,384. The business’s 50 day simple moving average is $146.59 and its 200-day simple moving average is $159.58. The firm has a market cap of $25.89 billion, a PE ratio of -138.60, a P/E/G ratio of 16.26 and a beta of 0.88. Atlassian Corporation PLC has a one year low of $97.93 and a one year 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.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TEAM shares. KeyCorp lowered their price objective on Atlassian from $250.00 to $210.00 and set an “overweight” rating on the stock in a research report on Thursday, October 23rd. BTIG Research reissued a “buy” rating and issued a $220.00 price target on shares of Atlassian in a report on Tuesday, January 13th. UBS Group set a $145.00 price target on Atlassian in a research note on Tuesday, January 27th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Atlassian in a research report on Wednesday, January 21st. Finally, Sanford C. Bernstein raised their price objective on Atlassian from $290.00 to $304.00 and gave the company an “outperform” rating in a research report on Tuesday, November 18th. Twenty equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $221.44.

Key Atlassian News

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.

Institutional Trading of Atlassian

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TEAM. Capco Asset Management LLC bought a new stake in Atlassian in the second quarter worth about $25,000. Physician Wealth Advisors Inc. raised 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. Atlantic Union Bankshares Corp lifted its stake in shares of Atlassian by 19,900.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company’s stock worth $32,000 after acquiring an additional 199 shares during the last quarter. Board of the Pension Protection Fund bought a new stake in shares of Atlassian during the 4th quarter worth approximately $32,000. Finally, Bogart Wealth LLC boosted its holdings in Atlassian by 76.4% during the 4th quarter. Bogart Wealth LLC now owns 217 shares of the technology company’s stock valued at $35,000 after acquiring an additional 94 shares during the period. 94.45% of the stock is owned by hedge funds and other institutional investors.

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.