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

Atlassian Corporation PLC (NASDAQ:TEAM) CEO Michael Cannon-Brookes sold 7,665 shares of the company’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $150.75, for a total transaction of $1,155,498.75. Following the transaction, the chief executive officer directly owned 452,235 shares of the company’s stock, valued at approximately $68,174,426.25. This represents a 1.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, October 3rd, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $150.86, for a total transaction of $1,156,341.90.
• On Wednesday, October 1st, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $152.50, for a total transaction of $1,168,912.50.
• On Monday, September 29th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $166.36, for a total transaction of $1,275,149.40.
• On Friday, September 26th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were 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 shares were sold at an average price of $165.09, for a total transaction 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.

Atlassian Stock Down 0.4%

Shares of NASDAQ:TEAM opened at $149.52 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.22 and a current ratio of 1.22. Atlassian Corporation PLC has a 1 year low of $146.16 and a 1 year high of $326.00. The stock has a market capitalization of $39.22 billion, a P/E ratio of -151.03 and a beta of 0.92. The stock has a 50-day simple moving average of $168.69 and a 200-day simple moving average of $194.02.

Atlassian (NASDAQ:TEAM) last issued its earnings results on Thursday, August 7th. The technology company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Atlassian had a negative return on equity of 14.77% and a negative net margin of 4.92%.The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the previous year, the business earned $0.66 EPS. The company’s revenue for the quarter was up 22.3% on a year-over-year basis. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Equities analysts forecast that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Analysts Set New Price Targets

TEAM has been the subject of a number of analyst reports. Truist Financial set a $230.00 price target on Atlassian in a report on Friday, August 8th. Wall Street Zen upgraded Atlassian from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. KeyCorp decreased their price target on Atlassian from $275.00 to $250.00 and set an “overweight” rating for the company in a report on Thursday, July 17th. Weiss Ratings restated a “sell (e+)” rating on shares of Atlassian in a report on Wednesday. Finally, BMO Capital Markets decreased their price target on Atlassian from $225.00 to $200.00 and set an “outperform” rating for the company in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Atlassian has an average rating of “Moderate Buy” and a consensus target price of $248.74.

Hedge Funds Weigh In On Atlassian

Institutional investors have recently made changes to their positions in the business. One Wealth Advisors LLC raised its position in shares of Atlassian by 56.7% in the 2nd quarter. One Wealth Advisors LLC now owns 4,436 shares of the technology company’s stock valued at $901,000 after purchasing an additional 1,606 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Atlassian by 37.7% during the 1st quarter. Farther Finance Advisors LLC now owns 369 shares of the technology company’s stock valued at $80,000 after acquiring an additional 101 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Atlassian by 42.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,240 shares of the technology company’s stock valued at $900,000 after acquiring an additional 1,259 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Atlassian by 350.1% during the 1st quarter. Principal Financial Group Inc. now owns 51,900 shares of the technology company’s stock valued at $11,014,000 after acquiring an additional 40,369 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Atlassian by 47,387.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,799 shares of the technology company’s stock valued at $822,000 after acquiring an additional 3,791 shares in the last quarter. 94.45% of the stock is owned by institutional investors and hedge funds.

About Atlassian

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.