Atlassian (NASDAQ:TEAM) CEO Sells $1,038,147.60 in Stock

Posted by ABMN Staff on Feb 1st, 2026

Atlassian Corporation PLC (NASDAQ:TEAM – Get Free Report) CEO Michael Cannon-Brookes sold 7,665 shares of the stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $135.44, for a total transaction of $1,038,147.60. Following the completion of the sale, the chief executive officer owned 321,930 shares in the company, valued at $43,602,199.20. This represents a 2.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

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 transaction 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 value 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 value of $926,085.30.
On Wednesday, January 14th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were 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 transaction 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 transaction 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 transaction of $1,196,889.75.

Atlassian Price Performance

Shares of NASDAQ:TEAM opened at $118.18 on Friday. The company’s fifty day moving average price is $148.99 and its 200-day moving average price is $161.34. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market capitalization of $31.09 billion, a price-to-earnings ratio of -166.45, a PEG ratio of 18.64 and a beta of 0.88. Atlassian Corporation PLC has a one year low of $115.01 and a one year high of $326.00.

Atlassian (NASDAQ:TEAM – Get Free Report) last announced its earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.21. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the business earned $0.77 earnings per share. On average, equities research analysts anticipate that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TEAM has been the topic of a number of research reports. The Goldman Sachs Group reissued a “buy” rating and set a $260.00 price objective on shares of Atlassian in a report on Friday, October 31st. Canaccord Genuity Group reissued a “buy” rating and set a $230.00 price target on shares of Atlassian in a research note on Wednesday, October 22nd. Citigroup lowered their price objective on shares of Atlassian from $240.00 to $210.00 and set a “buy” rating for the company in a report on Friday, January 16th. Piper Sandler reaffirmed an “overweight” rating on shares of Atlassian in a report on Tuesday, January 13th. Finally, Jefferies Financial Group set a $262.00 target price on shares of Atlassian in a research report on Thursday, January 15th. Twenty investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $227.60.

Get Our Latest Stock Analysis on TEAM

Key Atlassian News

Here are the key news stories impacting Atlassian this week:

Positive Sentiment: Marketing / brand exposure — Atlassian’s Williams F1 team added Wilkinson Sword as an official partner, which can help enterprise brand awareness and demand generation over time. Read More.
Neutral Sentiment: AI competitive landscape — Coverage highlights Anthropic’s Cowork as a potential disruptor to collaboration/workflow tools; important context for long‑term competitive risk but speculative for immediate fundamentals. Read More.
Neutral Sentiment: Context pieces explain drivers behind today’s selloff (useful background but not new company financials). Read More.
Negative Sentiment: Insider selling — CEO Michael Cannon‑Brookes and director Scott Farquhar executed multiple same‑period share sales (several blocks of ~7,665 shares), signaling near‑term negative sentiment and adding selling supply. Read More.
Negative Sentiment: Legal risk — Pomerantz LLP launched an investor investigation into Atlassian, which can prolong downward pressure until claims are clarified or dismissed. Read More.
Negative Sentiment: Analyst / sell‑side pressure — Recent analyst target reductions and negative notes (coverage cited) reduce near‑term upside expectations and can accelerate selling. Read More.
Negative Sentiment: Bearish momentum — Stock hit a new 52‑week low and reports cite higher short interest, which can amplify declines via momentum and short‑term trading flows. Read More.

Institutional Investors Weigh In On Atlassian

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TEAM. Citizens Financial Group Inc. RI purchased a new stake in Atlassian during the 4th quarter valued at $240,000. Activest Wealth Management raised its stake in shares of Atlassian by 617.2% during the fourth quarter. Activest Wealth Management now owns 416 shares of the technology company’s stock valued at $67,000 after acquiring an additional 358 shares during the last quarter. Bogart Wealth LLC boosted its holdings in shares of Atlassian by 76.4% during the fourth 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 period. Wealthfront Advisers LLC grew its stake in shares of Atlassian by 16.3% in the fourth quarter. Wealthfront Advisers LLC now owns 8,708 shares of the technology company’s stock worth $1,412,000 after purchasing an additional 1,223 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its holdings in Atlassian by 12.3% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 286,869 shares of the technology company’s stock valued at $46,513,000 after purchasing an additional 31,324 shares during the period. 94.45% of the stock is currently owned by institutional investors.

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.