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

Key Points

• Atlassian CEO Michael Cannon-Brookes sold 7,665 shares of the company's stock for a total of $1,205,551.20 on October 20th, decreasing his ownership by 1.96%.
• The company's stock recently traded up to $158.79, with a market capitalization of $41.66 billion and a significant decline from its 52-week high of $326.00.
• Atlassian reported $1.38 billion in revenue for its last quarter, exceeding expectations and showing a year-over-year growth of 22.3%.

Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) CEO Michael Cannon-Brookes sold 7,665 shares of the company's stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $157.28, for a total transaction of $1,205,551.20. Following the completion of the sale, the chief executive officer directly owned 383,250 shares of the company's stock, valued at $60,277,560. This represents a 1.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Friday, October 17th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $151.21, for a total transaction of $1,159,024.65.
• On Wednesday, October 15th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $151.83, for a total transaction 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 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 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $165.26, for a total transaction of $1,266,717.90.

Atlassian Stock Performance

Shares of TEAM traded up $6.84 during mid-day trading on Monday, reaching $158.79. 2,518,920 shares of the company's stock were exchanged, compared to its average volume of 2,428,831. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market capitalization of $41.66 billion, a PE ratio of -160.39 and a beta of 0.92. The business's fifty day simple moving average is $164.27 and its 200-day simple moving average is $189.94. Atlassian Corporation PLC has a 52-week low of $144.32 and a 52-week high of $326.00.

Atlassian (NASDAQ:TEAM - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $0.98 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.15. Atlassian had a negative net margin of 4.92% and a negative return on equity of 14.77%. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period last year, the firm posted $0.66 EPS. Atlassian's quarterly 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. On average, equities research analysts expect that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TEAM. BMO Capital Markets cut their target price on shares of Atlassian from $225.00 to $200.00 and set an "outperform" 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 note on Monday, July 7th. Raymond James Financial cut their target price on shares of Atlassian from $300.00 to $250.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. Guggenheim assumed coverage on shares of Atlassian in a research note on Thursday, September 11th. They set a "buy" rating and a $225.00 price objective for the company. Finally, Wells Fargo & Company assumed coverage on shares of Atlassian in a research note on Tuesday, September 30th. They set an "overweight" rating and a $216.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $248.74.

Institutional Trading of Atlassian

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in 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 acquiring an additional 436,541 shares during the period. Baillie Gifford & Co. boosted its holdings in Atlassian by 7.1% in the 1st quarter. Baillie Gifford & Co. now owns 8,694,755 shares of the technology company's stock worth $1,845,114,000 after acquiring an additional 573,696 shares during the period. Artisan Partners Limited Partnership boosted its holdings in Atlassian by 66.3% in the 2nd 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 during the period. Massachusetts Financial Services Co. MA boosted its holdings in Atlassian by 21.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,440,813 shares of the technology company's stock worth $730,175,000 after acquiring an additional 616,071 shares during the period. Finally, Voya Investment Management LLC boosted its holdings in Atlassian by 24.1% in the 1st quarter. Voya Investment Management LLC now owns 2,695,889 shares of the technology company's stock worth $571,894,000 after acquiring an additional 523,035 shares during the period. Hedge funds and other 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.

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