Insider Selling: Atlassian (NASDAQ:TEAM) CEO Sells 7,665 Shares of Stock

Atlassian Corporation PLC (NASDAQ:TEAM) CEO Michael Cannon-Brookes sold 7,665 shares of the firm’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $169.40, for a total transaction of $1,298,451.00. Following the sale, the chief executive officer owned 191,625 shares in the company, valued at approximately $32,461,275. The trade was a 3.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, August 22nd, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $169.73, for a total transaction of $1,300,980.45.
• On Wednesday, August 20th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $166.30, for a total transaction of $1,274,689.50.
• On Thursday, August 14th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $163.26, for a total transaction of $1,251,387.90.
• On Monday, August 11th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $163.51, for a total transaction of $1,253,304.15.
• On Friday, August 8th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $171.02, for a total transaction of $1,310,868.30.
• On Wednesday, August 6th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $185.81, for a total transaction of $1,424,233.65.
• On Monday, August 4th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $185.43, for a total transaction of $1,421,320.95.
• On Friday, August 1st, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $184.43, for a total transaction of $1,413,655.95.
• On Wednesday, July 30th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $197.88, for a total transaction of $1,516,750.20.
• On Monday, July 28th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $202.05, for a total transaction of $1,548,713.25.

Atlassian Stock Down 2.6%

Shares of TEAM stock traded down $4.42 on Tuesday, hitting $164.25. The stock had a trading volume of 2,280,070 shares, compared to its average volume of 2,381,838. The company has a market cap of $43.09 billion, a PE ratio of -165.91 and a beta of 0.96. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.73. The business has a 50 day moving average price of $189.36 and a 200 day moving average price of $215.31. Atlassian Corporation PLC has a one year low of $154.07 and a one year high of $326.00.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.15. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.36 billion. Atlassian had a negative net margin of 4.92% and a negative return on equity of 14.77%. The company’s revenue for the quarter was up 22.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.66 earnings per share. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Research analysts anticipate that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on TEAM. UBS Group reaffirmed a “hold” rating on shares of Atlassian in a research note on Monday, July 7th. Zacks Research raised Atlassian from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 20th. Stephens cut their price objective on Atlassian from $221.00 to $202.00 and set an “equal weight” rating for the company in a research report on Monday, August 11th. Capital One Financial downgraded Atlassian from an “overweight” rating to an “equal weight” rating and set a $211.00 price objective for the company. in a research report on Wednesday, July 16th. Finally, Macquarie cut their price objective on Atlassian from $270.00 to $250.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Atlassian currently has a consensus rating of “Moderate Buy” and an average price target of $256.90.

Institutional Investors Weigh In On Atlassian

Several institutional investors have recently added to or reduced their stakes in TEAM. Vanguard Group Inc. increased its position in Atlassian by 2.6% during the second quarter. Vanguard Group Inc. now owns 17,430,078 shares of the technology company’s stock worth $3,539,875,000 after buying an additional 436,541 shares during the period. Baillie Gifford & Co. increased its holdings in shares of Atlassian by 7.1% in the first quarter. Baillie Gifford & Co. now owns 8,694,755 shares of the technology company’s stock valued at $1,845,114,000 after purchasing an additional 573,696 shares during the period. Artisan Partners Limited Partnership increased its holdings in shares of Atlassian by 66.3% in the second quarter. Artisan Partners Limited Partnership now owns 3,878,133 shares of the technology company’s stock valued at $787,610,000 after purchasing an additional 1,545,546 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Atlassian by 21.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,440,813 shares of the technology company’s stock valued at $730,175,000 after purchasing an additional 616,071 shares during the period. Finally, Voya Investment Management LLC increased its holdings in shares of Atlassian by 24.1% in the first quarter. Voya Investment Management LLC now owns 2,695,889 shares of the technology company’s stock valued at $571,894,000 after purchasing an additional 523,035 shares during the period. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Atlassian Company Profile

Atlassian Corporation, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its product portfolio includes Jira Software and Jira Work Management, a project management system that connects technical and business teams so they can better plan, organize, track and manage their work and projects; Confluence, a connected workspace that organizes knowledge across all teams to move work forward; and Trello, a collaboration and organization product that captures and adds structure to fluid and fast-forming work for teams.