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

Key Points

• Michael Cannon-Brookes, CEO of Atlassian, sold a total of 7,665 shares on October 17th at an average price of $151.21, resulting in a transaction value of approximately $1.16 million and a 1.92% decrease in his ownership.
• Atlassian's stock saw a price increase of $6.84 on Monday, reaching $158.79, with a market capitalization of $41.66 billion and a negative P/E ratio of -160.39.
• Several institutional investors have recently increased their holdings in Atlassian, with Vanguard Group boosting its position by 2.6%, now owning shares worth over $3.5 billion.

Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) CEO Michael Cannon-Brookes sold 7,665 shares of the stock in a transaction that occurred on Friday, October 17th. The stock was sold at an average price of $151.21, for a total value of $1,159,024.65. Following the transaction, the chief executive officer directly owned 390,915 shares of the company's stock, valued at approximately $59,110,257.15. This trade represents a 1.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Monday, October 20th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $157.28, for a total value of $1,205,551.20.
• On Wednesday, October 15th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $151.83, for a total value of $1,163,776.95.
• 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 value 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 value 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 value of $1,156,878.45.
• On Monday, October 6th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $150.75, for a total value 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 value of $1,156,341.90.
• On Wednesday, October 1st, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was 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 stock was sold at an average price of $165.26, for a total value of $1,266,717.90.

Atlassian Price Performance

Shares of TEAM traded up $6.84 on Monday, reaching $158.79. The stock had a trading volume of 2,518,920 shares, compared to its average volume of 2,428,831. The firm has a market capitalization of $41.66 billion, a PE ratio of -160.39 and a beta of 0.92. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.73. The firm has a 50-day moving average of $164.27 and a 200 day moving average of $189.94. Atlassian Corporation PLC has a twelve month low of $144.32 and a twelve month high of $326.00.

Atlassian (NASDAQ:TEAM - Get Free Report) last released its quarterly earnings results 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 return on equity of 14.77% and a negative net margin of 4.92%.The company's revenue was up 22.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.66 EPS. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Sell-side analysts expect that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Institutional Investors Weigh In On Atlassian

Several hedge funds have recently made changes to their positions in TEAM. Vanguard Group Inc. raised its position in shares of Atlassian by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 17,430,078 shares of the technology company's stock worth $3,539,875,000 after buying an additional 436,541 shares during the period. Baillie Gifford & Co. boosted its holdings in Atlassian by 7.1% in the first quarter. Baillie Gifford & Co. now owns 8,694,755 shares of the technology company's stock valued at $1,845,114,000 after acquiring an additional 573,696 shares during the last quarter. Artisan Partners Limited Partnership boosted its holdings 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 valued at $787,610,000 after acquiring an additional 1,545,546 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Atlassian by 21.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,440,813 shares of the technology company's stock valued at $730,175,000 after acquiring an additional 616,071 shares during the last quarter. Finally, Voya Investment Management LLC boosted its holdings in Atlassian by 24.1% in the first quarter. Voya Investment Management LLC now owns 2,695,889 shares of the technology company's stock valued at $571,894,000 after acquiring an additional 523,035 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on TEAM shares. BMO Capital Markets lowered their target price on Atlassian from $225.00 to $200.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. Raymond James Financial lowered their target price on Atlassian from $300.00 to $250.00 and set an "outperform" rating on the stock 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 lowered their target price on Atlassian from $275.00 to $250.00 and set an "overweight" rating on the stock in a report on Thursday, July 17th. Finally, Zacks Research cut Atlassian from a "hold" rating to a "strong sell" rating in a report on Tuesday, October 7th. One equities research 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 company. Based on data from MarketBeat, Atlassian presently has an average rating of "Moderate Buy" and a consensus 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.

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