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 stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $147.41, for a total value of $1,129,897.65. Following the transaction, the chief executive officer owned 229,950 shares in the company, valued at $33,896,929.50. The trade was a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Thursday, November 13th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $153.77, for a total transaction of $1,178,647.05.
• On Monday, November 10th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $158.00, for a total transaction of $1,211,070.00.
• On Friday, November 7th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $155.58, for a total transaction of $1,192,520.70.
• On Wednesday, November 5th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $162.66, for a total transaction of $1,246,788.90.
• 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 Friday, October 31st, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $167.61, for a total value of $1,284,730.65.
• On Wednesday, October 29th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was 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 value of $1,264,954.95.
• On Friday, October 24th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $164.50, for a total value 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 value of $1,296,611.40.

Atlassian Stock Up 1.9%

NASDAQ:TEAM traded up $2.73 during trading hours on Tuesday, hitting $148.75. 2,560,968 shares of the company traded hands, compared to its average volume of 2,505,518. Atlassian Corporation PLC has a one year low of $144.32 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. The company has a market cap of $39.14 billion, a PE ratio of -209.50, a PEG ratio of 36.00 and a beta of 0.95. The firm’s 50-day simple moving average is $160.32 and its 200-day simple moving average is $182.84.

Atlassian (NASDAQ:TEAM) last issued its quarterly 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. The company had revenue of $1.43 billion for 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 firm’s quarterly revenue was up 20.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.77 EPS. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Equities analysts predict that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Jacobs Levy Equity Management Inc. increased its position in shares of Atlassian by 12.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 584,264 shares of the technology company’s stock valued at $93,307,000 after buying an additional 66,306 shares during the period. Morningstar Investment Management LLC purchased a new position in Atlassian during the third quarter valued at approximately $2,826,000. Optimist Retirement Group LLC increased its holdings in Atlassian by 16.1% during the 3rd quarter. Optimist Retirement Group LLC now owns 1,678 shares of the technology company’s stock worth $268,000 after acquiring an additional 233 shares during the period. Alyeska Investment Group L.P. bought a new stake in Atlassian during the 3rd quarter worth approximately $81,443,000. Finally, Unisphere Establishment lifted its stake in Atlassian by 52.6% in the 3rd quarter. Unisphere Establishment now owns 62,700 shares of the technology company’s stock worth $10,013,000 after purchasing an additional 21,600 shares in the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. UBS Group lowered their price target on shares of Atlassian from $215.00 to $185.00 and set a “neutral” rating on the stock in a report on Friday, October 24th. Stephens lowered their target price on Atlassian from $221.00 to $202.00 and set an “equal weight” rating on the stock in a research note on Monday, August 11th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $230.00 price target on shares of Atlassian in a research report on Wednesday, October 22nd. Wall Street Zen upgraded Atlassian from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Finally, TD Cowen lowered their price objective on Atlassian from $220.00 to $205.00 and set a “hold” rating on the stock in a research note on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $240.00.

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.