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 dated Monday, September 29th. The stock was sold at an average price of $166.36, for a total transaction of $1,275,149.40. Following the sale, the chief executive officer owned 7,665 shares of the company’s stock, valued at approximately $1,275,149.40. This represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Friday, September 26th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $165.26, for a total transaction of $1,266,717.90.
• On Wednesday, September 24th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $165.09, for a total value of $1,265,414.85.
• On Monday, September 22nd, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $170.20, for a total value of $1,304,583.00.
• On Friday, September 19th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $169.32, for a total value of $1,297,837.80.
• On Wednesday, September 17th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $173.56, for a total value of $1,330,337.40.
• On Friday, September 12th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $175.17, for a total value of $1,342,678.05.
• On Monday, September 15th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $174.58, for a total value of $1,338,155.70.
• On Wednesday, September 10th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $175.76, for a total transaction of $1,347,200.40.
• On Monday, September 8th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $171.59, for a total transaction of $1,315,237.35.
• On Friday, September 5th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $171.90, for a total transaction of $1,317,613.50.

Atlassian Stock Down 6.3%

NASDAQ TEAM opened at $149.57 on Thursday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.73. Atlassian Corporation PLC has a 1-year low of $149.06 and a 1-year high of $326.00. The company has a 50 day moving average of $173.70 and a 200-day moving average of $196.59. The company has a market cap of $39.24 billion, a price-to-earnings ratio of -151.08 and a beta of 0.92.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings results on Thursday, August 7th. The technology company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The company had revenue of $1.38 billion during 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 firm’s quarterly revenue was up 22.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.66 earnings per share. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, equities research analysts expect that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Atlassian

Several large investors have recently modified their holdings of TEAM. Clean Yield Group raised its stake in shares of Atlassian by 372.0% during the first quarter. Clean Yield Group now owns 118 shares of the technology company’s stock valued at $25,000 after acquiring an additional 93 shares during the last quarter. Capco Asset Management LLC bought a new position in Atlassian during the 2nd quarter worth approximately $25,000. Smithfield Trust Co raised its holdings in Atlassian by 90.7% during the 1st quarter. Smithfield Trust Co now owns 164 shares of the technology company’s stock worth $34,000 after purchasing an additional 78 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in Atlassian by 447.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock worth $42,000 after purchasing an additional 161 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Atlassian by 82.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 243 shares of the technology company’s stock worth $52,000 after purchasing an additional 110 shares during the last quarter. Institutional investors own 94.45% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on TEAM. Citigroup dropped their price target on Atlassian from $300.00 to $240.00 and set a “buy” rating for the company in a research note on Monday, August 18th. BMO Capital Markets dropped their target price on shares of Atlassian from $225.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Truist Financial set a $230.00 target price on shares of Atlassian in a research report on Friday, August 8th. Canaccord Genuity Group cut their target price on Atlassian from $255.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, August 8th. Finally, UBS Group restated a “hold” rating on shares of Atlassian in a research note on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Atlassian has an average rating of “Moderate Buy” and an average price target of $248.74.

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.