Insider Selling: Atlassian (NASDAQ:TEAM) CEO Sells $1,049,568.45 in Stock

Atlassian Corporation PLC (NASDAQ:TEAM) CEO Michael Cannon-Brookes sold 7,665 shares of the business’s stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $136.93, for a total transaction of $1,049,568.45. Following the sale, the chief executive officer owned 337,260 shares in the company, valued at $46,181,011.80. This trade represents a 2.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 transaction of $1,038,147.60.
• 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 transaction of $966,633.15.
• On Tuesday, January 20th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was 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 value 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 value 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 value of $1,118,400.15.
• On Wednesday, January 7th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $161.11, for a total value of $1,234,908.15.
• On Monday, January 5th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $154.20, for a total value of $1,181,943.00.
• On Friday, January 2nd, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $156.15, for a total value of $1,196,889.75.

Atlassian Stock Down 10.7%

TEAM stock opened at $120.38 on Friday. Atlassian Corporation PLC has a fifty-two week low of $115.01 and a fifty-two week high of $326.00. The company’s 50 day moving average price is $149.55 and its 200 day moving average price is $162.03. 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 $31.67 billion, a price-to-earnings ratio of -169.55, a PEG ratio of 20.87 and a beta of 0.88.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings results on Thursday, October 30th. The technology company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.83 by $0.21. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.11%. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the previous year, the business posted $0.77 EPS. The firm’s revenue was up 20.6% on a year-over-year basis. On average, equities research analysts anticipate that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Atlassian News Summary

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: New marketing exposure — Atlassian’s Williams F1 team added Wilkinson Sword as an official partner, extending brand reach and sponsorship visibility that can help enterprise awareness and demand generation. Atlassian Williams F1 Team welcomes Wilkinson Sword as Official Men’s Grooming Partner
• Neutral Sentiment: AI competition analysis — Coverage examines Anthropic’s Cowork as a potential disruptor to Atlassian’s collaboration/workflow tools; impact is speculative now but increases competitive risk in AI-enabled workflows. Atlassian Faces AI Disruption: Analyzing the Impact of Anthropic’s Cowork
• Neutral Sentiment: Explanatory coverage is available summarizing the mix of drivers putting pressure on shares today (useful context but not new company-specific fundamentals). Why Atlassian Corporation’s (TEAM) Stock Is Down 12.94%
• Negative Sentiment: Insider selling — Director Scott Farquhar (and reporting indicates CEO activity) executed multiple share sales in January; repeated insider sales at current levels are a near‑term negative signal for investor confidence. Insider Selling: Atlassian Director Sells Shares
• Negative Sentiment: Legal risk — Pomerantz LLP opened an investor investigation into Atlassian, which can prolong downward pressure until any claims are resolved or dismissed. Pomerantz investor alert
• Negative Sentiment: Analyst target cut — Robert W. Baird trimmed its price target (reducing near‑term upside expectations); analyst downgrades/target cuts amplify selling pressure. Robert W. Baird Lowers Expectations for Atlassian
• Negative Sentiment: Short interest and 52‑week low — Data show a meaningful increase in short interest earlier in January and headlines note the stock hit a new 52‑week low, both signaling bearish positioning and momentum that can exacerbate declines. Atlassian stock hits 52-week low at 115.37 USD

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TEAM shares. Citigroup cut their price target on Atlassian from $240.00 to $210.00 and set a “buy” rating on the stock in a research note on Friday, January 16th. The Goldman Sachs Group reissued a “buy” rating and set a $260.00 target price on shares of Atlassian in a research report on Friday, October 31st. UBS Group set a $145.00 price target on Atlassian in a report on Tuesday. Macquarie dropped their price target on shares of Atlassian from $250.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. Finally, BMO Capital Markets boosted their price objective on shares of Atlassian from $190.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Twenty-one analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Atlassian has an average rating of “Moderate Buy” and a consensus target price of $231.54.

Hedge Funds Weigh In On Atlassian

Hedge funds have recently modified their holdings of the business. Capco Asset Management LLC acquired a new stake in Atlassian during the 2nd quarter worth $25,000. Physician Wealth Advisors Inc. boosted its stake in shares of Atlassian by 60.4% during the third quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock worth $26,000 after buying an additional 61 shares during the period. 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 during the last quarter. Board of the Pension Protection Fund purchased a new position in shares of Atlassian during the fourth quarter worth about $32,000. Finally, Geneos Wealth Management Inc. increased its position in Atlassian by 447.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock valued at $42,000 after acquiring an additional 161 shares during the period. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

About Atlassian

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.