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

Key Points

• Michael Cannon-Brookes, CEO of Atlassian, sold 7,665 shares of the company, totaling approximately $1.16 million, which decreased his ownership by 1.85%.
• Atlassian's stock traded at $150.13, showing a slight increase of 0.2%, with a market cap of $39.38 billion.
• Recent analyst ratings for Atlassian include a target price cut by Cantor Fitzgerald to $240.00 and a downgrade from Zacks Research to a "strong sell" rating.

Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) CEO Michael Cannon-Brookes sold 7,665 shares of the firm's stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $151.83, for a total transaction of $1,163,776.95. Following the completion of the sale, the chief executive officer owned 406,245 shares of the company's stock, valued at $61,680,178.35. This trade represents a 1.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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 shares were sold at an average price of $147.81, for a total value of $1,132,963.65.
• On Friday, October 10th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were 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 shares were 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 stock was 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 shares were 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 shares were sold at an average price of $170.20, for a total transaction of $1,304,583.00.

Atlassian Trading Up 0.2%

NASDAQ:TEAM traded up $0.29 on Thursday, reaching $150.13. The stock had a trading volume of 2,724,489 shares, compared to its average volume of 2,429,797. The company has a market cap of $39.38 billion, a price-to-earnings ratio of -151.64 and a beta of 0.92. The firm's fifty day moving average is $165.02 and its two-hundred day moving average is $191.31. Atlassian Corporation PLC has a 12-month low of $144.32 and a 12-month high of $326.00. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.22 and a quick ratio of 1.22.

Atlassian (NASDAQ:TEAM - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The technology company reported $0.98 EPS for the quarter, beating the consensus estimate 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 company 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 firm's revenue 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 expect that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Cantor Fitzgerald cut their target price on Atlassian from $256.00 to $240.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. Zacks Research lowered shares of Atlassian from a "hold" rating to a "strong sell" rating in a report on Tuesday, October 7th. Canaccord Genuity Group decreased their price objective on shares of Atlassian from $255.00 to $230.00 and set a "buy" rating for the company in a research note on Friday, August 8th. UBS Group reissued a "hold" rating on shares of Atlassian in a research report on Monday, July 7th. Finally, Wall Street Zen raised shares of Atlassian from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Atlassian currently has an average rating of "Moderate Buy" and a consensus target price of $248.74.

Institutional Investors Weigh In On Atlassian

Hedge funds have recently bought and sold shares of the business. State of Wyoming increased its position in shares of Atlassian by 20.3% in the 1st quarter. State of Wyoming now owns 278 shares of the technology company's stock worth $59,000 after purchasing an additional 47 shares during the last quarter. First Horizon Advisors Inc. raised its stake in Atlassian by 25.9% during the first quarter. First Horizon Advisors Inc. now owns 267 shares of the technology company's stock valued at $57,000 after buying an additional 55 shares in the last quarter. Yousif Capital Management LLC lifted its holdings in Atlassian by 2.9% during the 1st quarter. Yousif Capital Management LLC now owns 2,063 shares of the technology company's stock worth $438,000 after buying an additional 58 shares during the last quarter. Johnson Investment Counsel Inc. grew its position in shares of Atlassian by 6.5% in the 1st quarter. Johnson Investment Counsel Inc. now owns 978 shares of the technology company's stock worth $208,000 after acquiring an additional 60 shares in the last quarter. Finally, EP Wealth Advisors LLC increased its holdings in shares of Atlassian by 2.8% in the 1st quarter. EP Wealth Advisors LLC now owns 2,641 shares of the technology company's stock valued at $561,000 after acquiring an additional 71 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.