Atlassian (NASDAQ:TEAM) Stock Price Down 7.2% on Insider Selling

Atlassian Corporation PLC (NASDAQ:TEAM)’s stock price dropped 7.2% during trading on Tuesday after an insider sold shares in the company. The company traded as low as $106.71 and last traded at $105.5180. Approximately 448,177 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 4,586,279 shares. The stock had previously closed at $113.70.

Specifically, CEO Michael Cannon-Brookes sold 7,665 shares of the stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $116.40, for a total value of $892,206.00. Following the completion of the sale, the chief executive officer directly owned 298,935 shares in the company, valued at $34,796,034. This represents a 2.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Scott Farquhar sold 7,665 shares of the business’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 transaction, the director owned 298,935 shares in the company, valued at $34,796,034. The trade was a 2.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In other Atlassian news, CEO Michael Cannon-Brookes sold 7,665 shares of the stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $119.15, for a total value of $913,284.75. Following the completion of the sale, the chief executive officer owned 314,265 shares in the company, valued at approximately $37,444,674.75. This represents a 2.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Analysts Set New Price Targets

TEAM has been the topic of several recent research reports. Jefferies Financial Group set a $262.00 target price on Atlassian in a report on Thursday, January 15th. Zacks Research raised Atlassian from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. TD Cowen dropped their target price on Atlassian from $205.00 to $175.00 and set a “hold” rating for the company in a report on Tuesday, January 20th. Cantor Fitzgerald cut their target price on Atlassian from $240.00 to $146.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Truist Financial set a $210.00 price target on shares of Atlassian in a research report on Friday, October 31st. Twenty research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $221.44.

Atlassian News Summary

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Atlassian announced a multi‑year partnership with Anthropic/Williams F1 to integrate Claude as the team’s “Official Thinking Partner,” which raises Atlassian’s AI profile and could support future product integrations and commercial opportunities. Anthropic partnership
• Positive Sentiment: Analyst previews (Zacks) expect Q2 to benefit from cloud/AI tool demand and steady Jira/Confluence adoption — a fundamental tailwind to watch into earnings. Zacks earnings preview
• Positive Sentiment: Some outlets highlight large upside scenarios for TEAM tied to AI adoption, signaling that several analysts still see meaningful recovery potential over a 12‑month horizon. Bullish analyst view
• Neutral Sentiment: Marketing/PR from the Williams F1 sponsorship (new livery, ads) boosts brand visibility but is unlikely to move fundamentals by itself in the near term. F1 livery coverage
• Neutral Sentiment: Reported short‑interest metrics currently show effectively zero shorted shares and a 0.0 days‑to‑cover figure — a technical datapoint that appears immaterial to immediate price action.
• Negative Sentiment: CNBC notes broad software weakness as AI competition (e.g., Anthropic features) spooks investors and pressures cloud/software multiples — a sector headwind that can push TEAM shares lower even if company fundamentals stay intact. CNBC sector note
• Negative Sentiment: Analysts Cantor Fitzgerald and BMO cut price targets (CF: $240→$146; BMO: $195→$135) — even though both keep constructive ratings, the lower targets reduce near‑term upside expectations and contribute to selling pressure. Cantor Fitzgerald note BMO note
• Negative Sentiment: Co‑founders/insiders (CEO Michael Cannon‑Brookes and director Scott Farquhar) recently sold multiple identical blocks (~7,665 shares each), a pattern of repeated insider sales that has amplified investor concern about insider conviction and likely added near‑term selling pressure. SEC filing — insider sales

Atlassian Stock Up 0.0%

The business’s 50 day moving average price is $146.59 and its 200-day moving average price is $159.58. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market capitalization of $27.64 billion, a PE ratio of -147.94, a P/E/G ratio of 16.26 and a beta of 0.88.

Institutional Trading of Atlassian

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. DNB Asset Management AS grew its stake in shares of Atlassian by 266.6% in the third quarter. DNB Asset Management AS now owns 2,806,888 shares of the technology company’s stock valued at $448,260,000 after buying an additional 2,041,210 shares in the last quarter. Norges Bank purchased a new position in Atlassian during the 2nd quarter valued at about $377,794,000. Artisan Partners Limited Partnership boosted its holdings in Atlassian by 66.3% during the 2nd quarter. Artisan Partners Limited Partnership now owns 3,878,133 shares of the technology company’s stock valued at $787,610,000 after acquiring an additional 1,545,546 shares during the period. Pictet Asset Management Holding SA grew its position in Atlassian by 38.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 3,950,852 shares of the technology company’s stock valued at $640,628,000 after acquiring an additional 1,090,787 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Atlassian by 6.0% during the third quarter. Vanguard Group Inc. now owns 18,479,561 shares of the technology company’s stock worth $2,951,186,000 after purchasing an additional 1,049,483 shares during the period. Hedge funds and other institutional investors own 94.45% of the company’s stock.

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.