Atlassian (NASDAQ:TEAM) CEO Michael Cannon-Brookes Sells 7,665 Shares

Atlassian Corporation PLC (NASDAQ:TEAM) CEO Michael Cannon-Brookes sold 7,665 shares of the firm’s 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 transaction, the chief executive officer directly owned 329,595 shares in the company, valued at approximately $44,640,346.80. This trade represents a 2.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

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 stock was 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 shares were 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 shares were 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 stock was 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 shares were 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 stock was 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 shares were sold at an average price of $156.15, for a total value of $1,196,889.75.

Atlassian Stock Performance

Shares of Atlassian stock opened at $120.38 on Friday. The company has a market capitalization of $31.67 billion, a PE ratio of -169.55, a P/E/G ratio of 20.87 and a beta of 0.88. The company has a 50-day simple moving average of $149.55 and a two-hundred day simple moving average of $162.03. Atlassian Corporation PLC has a one year low of $115.01 and a one year high of $326.00. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.26 and a current ratio of 1.26.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings data on Thursday, October 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.21. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.11%. The company’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.77 EPS. Research analysts expect that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

More Atlassian News

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 Analyst Weigh In

Several analysts have recently commented on the company. Piper Sandler reiterated an “overweight” rating on shares of Atlassian in a report on Tuesday, January 13th. UBS Group set a $145.00 price target on Atlassian in a research note on Tuesday. Jefferies Financial Group set a $262.00 price target on Atlassian in a research note on Thursday, January 15th. TD Cowen decreased their price objective on shares of Atlassian from $205.00 to $175.00 and set a “hold” rating for the company in a research report on Tuesday, January 20th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $260.00 target price on shares of Atlassian in a research note on Friday, October 31st. Twenty-one research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Atlassian has an average rating of “Moderate Buy” and an average target price of $231.54.

Institutional Trading of Atlassian

Several large investors have recently made changes to their positions in the business. NewEdge Advisors LLC lifted its position in Atlassian by 71.6% during the first quarter. NewEdge Advisors LLC now owns 5,432 shares of the technology company’s stock valued at $1,153,000 after purchasing an additional 2,267 shares during the period. Empowered Funds LLC lifted its holdings in shares of Atlassian by 39.5% in the 1st quarter. Empowered Funds LLC now owns 4,689 shares of the technology company’s stock valued at $995,000 after buying an additional 1,328 shares during the period. Focus Partners Wealth boosted its stake in shares of Atlassian by 32.6% in the first quarter. Focus Partners Wealth now owns 4,122 shares of the technology company’s stock worth $875,000 after buying an additional 1,014 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Atlassian by 447.2% in the first quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock worth $42,000 after buying an additional 161 shares during the last quarter. Finally, Sivia Capital Partners LLC grew its holdings in Atlassian by 27.5% during the second quarter. Sivia Capital Partners LLC now owns 1,873 shares of the technology company’s stock worth $380,000 after acquiring an additional 404 shares during the period. 94.45% of the stock is 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.