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

Posted by ABMN Staff on Feb 8th, 2026

Atlassian Corporation PLC (NASDAQ:TEAM – Get Free Report) 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 transaction, the chief executive officer directly owned 283,605 shares in the company, valued at $29,818,229.70. The trade was a 2.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

On Friday, February 6th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $94.81, for a total value of $726,718.65.
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 value 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 shares were sold at an average price of $135.44, for a total value 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 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 transaction of $905,926.35.
On Friday, January 16th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was 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 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.

Atlassian Price Performance

Shares of NASDAQ:TEAM opened at $94.72 on Friday. The company has a market cap of $24.92 billion, a PE ratio of -131.55, a P/E/G ratio of 14.67 and a beta of 0.88. Atlassian Corporation PLC has a fifty-two week low of $92.32 and a fifty-two week high of $326.00. The firm has a 50-day simple moving average of $144.50 and a 200 day simple moving average of $158.18. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.72.

Atlassian (NASDAQ:TEAM – Get Free Report) last issued its earnings results on Thursday, February 5th. The technology company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.10. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.54 billion. Atlassian had a negative return on equity of 6.60% and a negative net margin of 3.29%.Atlassian’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.96 earnings per share. On average, sell-side analysts anticipate that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Atlassian News Summary

Here are the key news stories impacting Atlassian this week:

Positive Sentiment: Q2 beat — Atlassian reported $1.22 EPS vs. $1.12 expected and revenue of $1.59B (vs. $1.54B est.), with revenue up ~23% y/y, a near-term fundamental positive for growth momentum. Atlassian Q2 Earnings Surpass Expectations
Positive Sentiment: Management raised its fiscal 2026 revenue forecast, citing resilient enterprise spending and accelerating AI adoption — supports the company’s multi-quarter revenue outlook. Atlassian Raises Annual Revenue Forecast (Reuters)
Positive Sentiment: Company targets 20%+ annual revenue growth through FY27 and cites record cloud revenue and AI integrations — a constructive strategic signal if execution continues. Seeking Alpha: Growth Target
Positive Sentiment: Unusual options activity — a spike to ~14,021 calls purchased (≈51% above normal), which can indicate tactical bullish positioning by traders.
Neutral Sentiment: Analysts trimmed price targets but kept favorable ratings (Morgan Stanley, Mizuho, BTIG among others) — reduces near-term implied upside but preserves buy/overweight bias. Benzinga: Analyst Target Changes
Negative Sentiment: Insider selling — directors/co‑founders disclosed multiple recent sales (7,665 shares each), a visible negative for investor sentiment and a factor pressuring the stock. SEC Filing: Insider Sales
Negative Sentiment: Cantor Fitzgerald and some other brokers cut price targets sharply (e.g., Cantor to $146), and sector-wide AI fears are amplifying downside pressure. Cantor Fitzgerald Target Cut
Negative Sentiment: Market reaction: coverage notes shares dipped despite the beat as investors worry cloud growth may slow and AI competition/feature rollouts elsewhere increase volatility. Investing.com: Shares Dip

Hedge Funds Weigh In On Atlassian

Several hedge funds have recently modified their holdings of the company. Capco Asset Management LLC acquired a new stake in shares of Atlassian in the second quarter valued at $25,000. Physician Wealth Advisors Inc. lifted its holdings in 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 acquiring an additional 61 shares during the last quarter. Atlantic Union Bankshares Corp lifted its holdings in 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 acquiring an additional 199 shares during the last quarter. Board of the Pension Protection Fund bought a new position in shares of Atlassian during the 4th quarter valued at about $32,000. Finally, Bogart Wealth LLC grew its stake in shares of Atlassian by 76.4% in the 4th quarter. Bogart Wealth LLC now owns 217 shares of the technology company’s stock worth $35,000 after purchasing an additional 94 shares during the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TEAM shares. Guggenheim lowered their price target on shares of Atlassian from $225.00 to $190.00 and set a “buy” rating for the company in a research report on Friday. Jefferies Financial Group set a $150.00 target price on shares of Atlassian in a research note on Friday. Cantor Fitzgerald dropped their price target on shares of Atlassian from $240.00 to $146.00 and set an “overweight” rating on the stock in a research note on Wednesday. BMO Capital Markets set a $130.00 price objective on Atlassian and gave the stock an “outperform” rating in a research report on Friday. Finally, UBS Group reissued a “neutral” rating and issued a $105.00 price objective on shares of Atlassian in a report on Friday. Twenty research 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. According to MarketBeat, Atlassian presently has a consensus rating of “Moderate Buy” and an average price target of $191.32.

Check Out Our Latest Report on Atlassian

Atlassian Company Profile

(Get Free Report)

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.