Insider Selling: Atlassian (NASDAQ:TEAM) CEO Sells 7,665 Shares of Stock

Atlassian Corporation PLC (NASDAQ:TEAM) CEO Michael Cannon-Brookes sold 7,665 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $116.40, for a total transaction of $892,206.00. Following the completion of the sale, the chief executive officer directly owned 306,600 shares in the company, valued at approximately $35,688,240. The trade was a 2.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• 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 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 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 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 stock was 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 shares were sold at an average price of $161.11, for a total transaction of $1,234,908.15.

Atlassian Trading Down 7.7%

TEAM stock traded down $8.70 during trading on Tuesday, hitting $105.00. The company had a trading volume of 7,650,497 shares, compared to its average volume of 4,921,227. The firm has a 50-day moving average price of $148.33 and a 200-day moving average price of $160.59. Atlassian Corporation PLC has a 12 month low of $100.92 and a 12 month 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. The stock has a market cap of $27.63 billion, a price-to-earnings ratio of -147.89, a PEG ratio of 18.30 and a beta of 0.88.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TEAM. Sanford C. Bernstein boosted their price objective on Atlassian from $290.00 to $304.00 and gave the stock an “outperform” rating in a report on Tuesday, November 18th. Mizuho cut their price objective on shares of Atlassian from $245.00 to $225.00 and set an “outperform” rating on the stock in a report on Wednesday, January 21st. BTIG Research reaffirmed a “buy” rating and issued a $220.00 price objective on shares of Atlassian in a research note on Tuesday, January 13th. Piper Sandler reiterated an “overweight” rating on shares of Atlassian in a research report on Tuesday, January 13th. Finally, TD Cowen reduced their price target on Atlassian from $205.00 to $175.00 and set a “hold” rating on the stock in a research report on Tuesday, January 20th. Twenty investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $227.60.

Institutional Investors Weigh In On Atlassian

Several large investors have recently modified their holdings of the business. Capco Asset Management LLC acquired a new stake in Atlassian during the 2nd quarter worth approximately $25,000. Physician Wealth Advisors Inc. raised its stake in shares of Atlassian by 60.4% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock valued at $26,000 after purchasing an additional 61 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of Atlassian by 447.2% in the first quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock valued at $42,000 after purchasing an additional 161 shares in the last quarter. Atlantic Union Bankshares Corp grew its holdings in shares of Atlassian by 19,900.0% during 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 in the last quarter. Finally, Board of the Pension Protection Fund acquired a new stake in Atlassian in the 4th quarter valued at approximately $32,000. 94.45% of the stock is currently owned by institutional investors.

Atlassian News Summary

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Atlassian announced a multi‑year partnership tying Anthropic’s Claude AI into the Atlassian Williams F1 Team (“Official Thinking Partner”), a move that reinforces Atlassian’s positioning around frontier AI integrations and raises brand visibility in enterprise and media channels. Read More.
• Positive Sentiment: Analyst previews (Zacks) expect Q2 to benefit from robust cloud adoption, AI tooling and steady demand for Jira/Confluence — fundamentals that could support revenue and subscription growth when Atlassian reports. Read More.
• Positive Sentiment: Some Wall Street voices highlighted by The Motley Fool expect large upside for select AI‑levered software names including Atlassian, which can attract investor interest if management demonstrates AI monetization. Read More.
• Neutral Sentiment: Atlassian Williams F1 revealed a bold new racing livery — positive for marketing and brand reach but unlikely to move near‑term revenue materially. Read More.
• Neutral Sentiment: Reported short interest metrics appear effectively immaterial (near zero reported short shares), so short‑covering dynamics are unlikely to be driving today’s move.
• Negative Sentiment: CEO Michael Cannon‑Brookes sold 7,665 shares on Jan. 30 (~$913K at $119.15), trimming his holding — insider sales often trigger near‑term investor concern about executive conviction. Read More.
• Negative Sentiment: Co‑founder/director Scott Farquhar sold an identical block the same day, amplifying negative sentiment from insider transactions even if sales may be for diversification or tax/liquidity reasons. Read More.

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.