Atlassian (NASDAQ:TEAM) Trading Down 5.3% Following Insider Selling

Atlassian Corporation PLC (NASDAQ:TEAM) traded down 5.3% on Friday following insider selling activity. The stock traded as low as $121.29 and last traded at $121.5990. 3,124,597 shares changed hands during trading, a decline of 13% from the average session volume of 3,580,194 shares. The stock had previously closed at $128.45.

Specifically, CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $120.82, for a total value of $926,085.30. Following the sale, the chief executive officer owned 383,250 shares in the company, valued at $46,304,265. This trade represents a 1.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Scott Farquhar sold 7,665 shares of the stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $120.82, for a total value of $926,085.30. Following the transaction, the director directly owned 383,250 shares of the company’s stock, valued at $46,304,265. The trade was a 1.96% decrease in their position. The SEC filing for this sale provides additional information. In other news, CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $133.66, for a total value of $1,024,503.90. Following the sale, the chief executive officer directly owned 390,915 shares of the company’s stock, valued at $52,249,698.90. The trade was a 1.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TEAM. The Goldman Sachs Group restated a “buy” rating and issued a $260.00 price objective on shares of Atlassian in a report on Friday, October 31st. Piper Sandler reiterated an “overweight” rating on shares of Atlassian in a report on Tuesday. KeyCorp reduced their target price on Atlassian from $250.00 to $210.00 and set an “overweight” rating on the stock in a research report on Thursday, October 23rd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Atlassian in a report on Wednesday, October 8th. Finally, Jefferies Financial Group set a $262.00 price target on shares of Atlassian in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $237.31.

Atlassian News Summary

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: BTIG reaffirmed a “Buy” rating with a $220 target, which may attract value‑oriented buyers and limit downside. Atlassian (NASDAQ:TEAM) Earns Buy Rating from BTIG Research
• Positive Sentiment: Atlassian appointed Google alum Anil Sabharwal to the board, adding AI/product experience that could help execution on AI-enabled roadmap and partnerships. Atlassian Appoints Anil Sabharwal to Board of Directors
• Neutral Sentiment: PR and sponsorship items (Atlassian–Williams F1 coverage) and a Clovity hire to push regulated‑sector integrations improve brand/GTM visibility but are unlikely to move near‑term fundamentals. Why you should be supporting Atlassian Williams F1 Team
• Neutral Sentiment: Commentary asking whether TEAM should be reassessed after a steep one‑year decline highlights the valuation debate but provides no new company data. Is It Time To Reassess Atlassian (TEAM) After A 49% One-Year Share Price Fall?
• Negative Sentiment: Repeated insider selling by co‑founders Michael Cannon‑Brookes and Scott Farquhar — multiple sales of 7,665‑share lots in Dec–Jan — is pressuring sentiment and has been widely cited in stories about the stock hitting new lows. Insider sale SEC filing
• Negative Sentiment: Sector headwinds from “agentic” AI (e.g., Claude Code) raise the risk that autonomous coding/workflow agents could reduce demand for some standalone Atlassian licenses or compress pricing power over time. 3 Stocks to Avoid as Software Sector Stumbles
• Negative Sentiment: Citi and other outlets noting price‑target cuts/coverage changes in the software group add analyst pressure; media coverage of a new 12‑month low amplifies short‑term selling pressure. Atlassian, Datadog, Fastly in focus as Citi cuts price targets

Atlassian Trading Down 7.7%

The firm has a market cap of $31.19 billion, a P/E ratio of -166.97, a P/E/G ratio of 18.36 and a beta of 0.88. The business’s 50-day moving average is $153.84 and its two-hundred day moving average is $166.88. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.72.

Atlassian (NASDAQ:TEAM) last issued its earnings results on Thursday, October 30th. The technology company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.21. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. Atlassian had a negative return on equity of 7.11% and a negative net margin of 3.38%.Atlassian’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. As a group, analysts expect that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Atlassian

Large investors have recently added to or reduced their stakes in the stock. Capco Asset Management LLC acquired a new stake in Atlassian during the 2nd quarter worth about $25,000. Physician Wealth Advisors Inc. grew its stake in Atlassian by 60.4% in the third 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 in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Atlassian by 447.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock worth $42,000 after purchasing an additional 161 shares during the last quarter. Atlantic Union Bankshares Corp lifted its stake in shares of Atlassian by 19,900.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company’s stock valued at $32,000 after purchasing an additional 199 shares during the last quarter. Finally, Board of the Pension Protection Fund acquired a new stake in shares of Atlassian in the fourth quarter worth about $32,000. 94.45% of the stock is owned by institutional investors and hedge funds.

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.