Key Points
- CEO Michael Cannon-Brookes sold 7,665 shares on Jan. 14 at an average price of $133.66 for $1,024,503.90, trimming his stake by 1.89% to 398,580 shares (about $53.3M).
- This transaction is one of many identical 7,665-share sales by company insiders across Dec–Jan, a pattern that has weighed on sentiment and coincided with the stock hitting a 12‑month low and trading down roughly 2.7%.
- Operationally, Atlassian recently beat quarterly EPS and revenue expectations (revenue up 20.6% year‑over‑year) but still reports negative margins, while analysts hold a consensus "Moderate Buy" and a $238.46 target.
Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) CEO Michael Cannon-Brookes sold 7,665 shares of the firm's stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $133.66, for a total value of $1,024,503.90. Following the completion of the sale, the chief executive officer directly owned 398,580 shares in the company, valued at approximately $53,274,202.80. This represents a 1.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Michael Cannon-Brookes also recently made the following trade(s):
- On Monday, January 12th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $147.15, for a total value of $1,127,904.75.
- On Friday, January 9th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $145.91, for a total value of $1,118,400.15.
- On Wednesday, January 7th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $161.11, for a total value of $1,234,908.15.
- On Monday, January 5th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $154.20, for a total value of $1,181,943.00.
- On Friday, January 2nd, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $156.15, for a total transaction of $1,196,889.75.
- On Wednesday, December 31st, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $162.68, for a total transaction of $1,246,942.20.
- On Monday, December 29th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $163.66, for a total transaction of $1,254,453.90.
- On Friday, December 26th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $162.53, for a total transaction of $1,245,792.45.
- On Friday, December 19th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $162.40, for a total transaction of $1,244,796.00.
- On Tuesday, December 23rd, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $161.30, for a total transaction of $1,236,364.50.
Atlassian Trading Down 2.7%
NASDAQ TEAM opened at $128.45 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.72. Atlassian Corporation PLC has a twelve month low of $127.71 and a twelve month high of $326.00. The company has a market cap of $33.80 billion, a price-to-earnings ratio of -180.91, a price-to-earnings-growth ratio of 20.44 and a beta of 0.88. The business's fifty day moving average is $154.63 and its 200 day moving average is $167.75.
Atlassian (NASDAQ:TEAM - Get Free Report) last issued its earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.21. Atlassian had a negative return on equity of 7.11% and a negative net margin of 3.38%.The business had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.40 billion. During the same quarter in the prior year, the firm earned $0.77 EPS. The business's revenue for the quarter was up 20.6% compared to the same quarter last year. As a group, sell-side analysts expect that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.
Key Atlassian News
Here are the key news stories impacting Atlassian this week:
- Positive Sentiment: BTIG (coverage cited by media) reaffirmed a "Buy" rating and a $220 price target, providing analyst support that could limit downside and attract value-seeking buyers. Atlassian (NASDAQ:TEAM) Earns Buy Rating from BTIG Research
- Positive Sentiment: Atlassian appointed Anil Sabharwal (Google alum) to its board — adds product/AI experience and governance depth that could help strategy execution around AI-enabled products. Atlassian Appoints Anil Sabharwal to Board of Directors
- Neutral Sentiment: PR/partnership items (Atlassian Williams F1 sponsorship coverage) and a Clovity hire to push Atlassian integrations in regulated sectors are visible positives for brand and GTM but unlikely to move fundamentals in the near term. Why you should be supporting Atlassian Williams F1 Team
- Neutral Sentiment: Commentary asking whether TEAM should be reassessed after a large one‑year decline highlights investor debate over valuation vs. execution; useful reading but not new company-specific data. Is It Time To Reassess Atlassian (TEAM) After A 49% One-Year Share Price Fall?
- Negative Sentiment: Repeated insider selling: co‑founders Michael Cannon‑Brookes and Scott Farquhar each reported multiple sales of 7,665‑share lots in Dec–Jan (recent filings show sales around $133–$147). The pattern of consistent disposals is weighing on sentiment and is cited in several articles. Insider sale SEC filing
- Negative Sentiment: Sector risk: coverage points to new "agentic" AI tools (e.g., Claude Code) that could automate multi‑tool workflows and potentially erode margins/licensing for some SaaS incumbents including Atlassian, amplifying downside risk if adoption accelerates. 3 Stocks to Avoid as Software Sector Stumbles
- Negative Sentiment: Coverage noting a new 12‑month low after the insider selling cycle and pieces asking whether the stock is a buy amid the plunge — further negative press that can feed short‑term selling pressure. Atlassian (NASDAQ:TEAM) Hits New 12-Month Low After Insider Selling
Analyst Upgrades and Downgrades
TEAM has been the subject of several recent research reports. Zacks Research upgraded shares of Atlassian from a "strong sell" rating to a "hold" rating in a research report on Monday, November 3rd. BMO Capital Markets increased their price objective on Atlassian from $190.00 to $195.00 and gave the company an "outperform" rating in a report on Friday, October 31st. Jefferies Financial Group set a $262.00 target price on Atlassian in a research report on Thursday. KeyCorp cut their target price on Atlassian from $250.00 to $210.00 and set an "overweight" rating on the stock in a report on Thursday, October 23rd. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $260.00 price target on shares of Atlassian in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $238.46.
Check Out Our Latest Research Report on Atlassian
Institutional Trading of Atlassian
A number of institutional investors have recently bought and sold shares of the company. One Wealth Advisors LLC increased its stake in shares of Atlassian by 56.7% in the 2nd quarter. One Wealth Advisors LLC now owns 4,436 shares of the technology company's stock valued at $901,000 after acquiring an additional 1,606 shares in the last quarter. Nordea Investment Management AB increased its stake in Atlassian by 20.3% in the third quarter. Nordea Investment Management AB now owns 721,690 shares of the technology company's stock valued at $114,695,000 after purchasing an additional 121,541 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in shares of Atlassian by 28.6% during the second quarter. Allianz Asset Management GmbH now owns 102,194 shares of the technology company's stock valued at $20,755,000 after purchasing an additional 22,701 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Atlassian by 3.7% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 258,299 shares of the technology company's stock worth $52,458,000 after purchasing an additional 9,274 shares in the last quarter. Finally, Machina Capital S.A.S. boosted its position in shares of Atlassian by 203.0% during the 2nd quarter. Machina Capital S.A.S. now owns 9,376 shares of the technology company's stock worth $1,904,000 after purchasing an additional 6,282 shares in the last quarter. Institutional investors own 94.45% of the company's stock.
Atlassian Company Profile
(
Get Free Report)
Atlassian Corporation Plc is a software company headquartered in Sydney, Australia, best known for developing collaboration, project management and software development tools. Founded in 2002 by Mike Cannon-Brookes and Scott Farquhar, Atlassian grew from a small engineering-focused team into a publicly traded company after its initial public offering in 2015. The company serves a global customer base that spans small teams to large enterprises across technology, financial services, government and other sectors.
Atlassian's product portfolio centers on tools designed to help teams plan, build and support software and business processes.
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