Atlassian (NASDAQ:TEAM) CEO Sells $1,163,776.95 in Stock

Atlassian Corporation PLC (NASDAQ:TEAM) CEO Michael Cannon-Brookes sold 7,665 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $151.83, for a total value of $1,163,776.95. Following the sale, the chief executive officer directly owned 398,580 shares in the company, valued at approximately $60,516,401.40. This represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, October 13th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $147.81, for a total transaction of $1,132,963.65.
• On Friday, October 10th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $145.85, for a total transaction of $1,117,940.25.
• On Wednesday, October 8th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $150.93, for a total transaction of $1,156,878.45.
• On Monday, October 6th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $150.75, for a total transaction of $1,155,498.75.
• On Friday, October 3rd, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was 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 value 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 value of $1,275,149.40.
• 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 value 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 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.

Atlassian Stock Performance

TEAM stock opened at $151.95 on Friday. Atlassian Corporation PLC has a 1 year low of $144.32 and a 1 year high of $326.00. The stock has a market capitalization of $39.86 billion, a price-to-earnings ratio of -153.48 and a beta of 0.92. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.22 and a current ratio of 1.22. The stock’s fifty day moving average is $164.28 and its two-hundred day moving average is $190.20.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings data on Thursday, August 7th. The technology company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations 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 last year, the company earned $0.66 EPS. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, research analysts predict that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on TEAM shares. Mizuho cut their price target on Atlassian from $265.00 to $235.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. Wall Street Zen raised Atlassian from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Wells Fargo & Company initiated coverage on Atlassian in a research report on Tuesday, September 30th. They set an “overweight” rating and a $216.00 price target for the company. Cantor Fitzgerald lowered their price target on Atlassian from $256.00 to $240.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Finally, Capital One Financial cut shares of Atlassian from an “overweight” rating to an “equal weight” rating and set a $211.00 price objective on the stock. in a research note on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $248.74.

Institutional Trading of Atlassian

A number of hedge funds and other institutional investors have recently modified their holdings of TEAM. Norges Bank bought a new position in Atlassian during the second quarter valued at about $377,794,000. Artisan Partners Limited Partnership raised its position in Atlassian by 66.3% in the second quarter. Artisan Partners Limited Partnership now owns 3,878,133 shares of the technology company’s stock worth $787,610,000 after acquiring an additional 1,545,546 shares in the last quarter. Nuveen LLC acquired a new stake in Atlassian in the 1st quarter valued at about $327,665,000. AQR Capital Management LLC boosted its position in shares of Atlassian by 145.6% during the 1st quarter. AQR Capital Management LLC now owns 1,715,287 shares of the technology company’s stock valued at $354,858,000 after purchasing an additional 1,016,902 shares in the last quarter. Finally, Swedbank AB boosted its position in shares of Atlassian by 139.6% during the 3rd quarter. Swedbank AB now owns 1,372,976 shares of the technology company’s stock valued at $219,264,000 after purchasing an additional 800,000 shares in the last quarter. 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.