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

Posted by Tammy Falkenburg on Jun 24th, 2025

Atlassian Corporation PLC (NASDAQ:TEAM – Get Free Report) CEO Michael Cannon-Brookes sold 7,665 shares of the stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $192.44, for a total transaction of $1,475,052.60. Following the completion of the transaction, the chief executive officer now directly owns 45,990 shares of the company’s stock, valued at approximately $8,850,315.60. The trade was a 14.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

On Wednesday, June 18th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $196.44, for a total transaction of $1,505,712.60.
On Monday, June 16th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $200.68, for a total transaction of $1,538,212.20.
On Thursday, June 12th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $199.55, for a total transaction of $1,529,550.75.
On Monday, June 9th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $215.23, for a total transaction of $1,649,737.95.
On Friday, June 6th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $216.09, for a total transaction of $1,717,483.32.
On Tuesday, June 3rd, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $208.43, for a total transaction of $1,656,601.64.
On Thursday, May 29th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $205.73, for a total transaction of $1,635,142.04.
On Tuesday, May 27th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $210.81, for a total transaction of $1,675,517.88.
On Friday, May 23rd, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $206.57, for a total transaction of $1,641,818.36.
On Monday, May 19th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $214.92, for a total transaction of $1,708,184.16.

Atlassian Stock Up 1.7%

TEAM opened at $192.74 on Tuesday. 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 Corporation PLC has a fifty-two week low of $135.29 and a fifty-two week high of $326.00. The firm’s fifty day moving average is $210.16 and its 200 day moving average is $239.37. The stock has a market cap of $50.60 billion, a price-to-earnings ratio of -116.11 and a beta of 0.96.

Atlassian (NASDAQ:TEAM – Get Free Report) last released its earnings results on Thursday, May 1st. The technology company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.04. Atlassian had a negative net margin of 8.66% and a negative return on equity of 23.41%. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the previous year, the company earned $0.89 EPS. Atlassian’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, sell-side analysts forecast that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Mizuho cut their target price on shares of Atlassian from $325.00 to $290.00 and set an “outperform” rating for the company in a research report on Thursday, June 12th. Jefferies Financial Group cut their target price on shares of Atlassian from $330.00 to $262.00 and set a “buy” rating for the company in a research report on Monday, April 7th. Robert W. Baird raised shares of Atlassian from a “neutral” rating to an “outperform” rating and cut their target price for the stock from $320.00 to $255.00 in a research report on Monday, April 14th. Stephens cut their target price on shares of Atlassian from $255.00 to $221.00 and set an “equal weight” rating for the company in a research report on Friday, May 2nd. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $300.00 target price (down previously from $365.00) on shares of Atlassian in a research report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $282.19.

Get Our Latest Analysis on TEAM

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Corebridge Financial Inc. lifted its stake in shares of Atlassian by 0.3% during the 4th quarter. Corebridge Financial Inc. now owns 10,499 shares of the technology company’s stock valued at $2,555,000 after buying an additional 35 shares in the last quarter. GeoWealth Management LLC increased its holdings in Atlassian by 26.8% in the 4th quarter. GeoWealth Management LLC now owns 180 shares of the technology company’s stock valued at $44,000 after acquiring an additional 38 shares during the last quarter. Assetmark Inc. increased its holdings in Atlassian by 30.6% in the 4th quarter. Assetmark Inc. now owns 175 shares of the technology company’s stock valued at $43,000 after acquiring an additional 41 shares during the last quarter. State of Wyoming increased its holdings in Atlassian by 20.3% in the 1st quarter. State of Wyoming now owns 278 shares of the technology company’s stock valued at $59,000 after acquiring an additional 47 shares during the last quarter. Finally, True Wealth Design LLC increased its holdings in Atlassian by 21.6% in the 4th quarter. True Wealth Design LLC now owns 282 shares of the technology company’s stock valued at $69,000 after acquiring an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

About Atlassian

(Get Free Report)

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.