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

January 17, 2026 by InsiderTrades.com

Key Points

CEO Michael Cannon‑Brookes sold 7,665 shares on Jan. 16 at an average price of $120.82 for $926,085.30, leaving him with 383,250 shares (a 1.96% reduction in his stake).
This was part of a pattern of repeated insider sales — 11 identical 7,665‑share lots from Dec. 19–Jan. 16 totaling about 84,315 shares for roughly $12.8 million, a factor cited as weighing on sentiment.
Atlassian shares have fallen recently (stock down ~7.7%), trading near a 52‑week low of $118.08 with a $31.19 billion market cap and an average analyst rating of "Moderate Buy" (avg target $237.31).

Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) CEO Michael Cannon-Brookes sold 7,665 shares of the business's stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $120.82, for a total transaction of $926,085.30. Following the transaction, the chief executive officer directly owned 383,250 shares of the company's stock, valued at $46,304,265. The trade was a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

3 Stocks to Avoid as Software Sector Stumbles

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

On Wednesday, January 14th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $133.66, for a total transaction of $1,024,503.90.
On Monday, January 12th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were 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 stock was 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 shares were 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 stock was sold at an average price of $156.15, for a total value of $1,196,889.75.
On Wednesday, December 31st, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $162.68, for a total value of $1,246,942.20.
On Monday, December 29th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $163.66, for a total value 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.

Atlassian Stock Down 7.7%

Atlassian stock opened at $118.55 on Friday. The stock has a market cap of $31.19 billion, a price-to-earnings ratio of -166.97, a PEG ratio of 19.89 and a beta of 0.88. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.72. The company's 50-day moving average price is $153.84 and its two-hundred day moving average price is $167.16. Atlassian Corporation PLC has a 52 week low of $118.08 and a 52 week high of $326.00.

Battle of the Big-Upside Tech Names: HUBS vs. NBIS vs. TEAM

Atlassian (NASDAQ:TEAM - Get Free Report) last issued its quarterly earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.21. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.40 billion. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.11%. The business's revenue for the quarter was up 20.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.77 EPS. On average, analysts expect that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Hedge Funds Weigh In On Atlassian

A number of institutional investors have recently bought and sold shares of TEAM. NewEdge Advisors LLC lifted its stake in Atlassian by 71.6% during the first quarter. NewEdge Advisors LLC now owns 5,432 shares of the technology company's stock valued at $1,153,000 after buying an additional 2,267 shares in the last quarter. Empowered Funds LLC increased its position in shares of Atlassian by 39.5% in the first quarter. Empowered Funds LLC now owns 4,689 shares of the technology company's stock worth $995,000 after acquiring an additional 1,328 shares in the last quarter. Focus Partners Wealth raised its holdings in shares of Atlassian by 32.6% during the first quarter. Focus Partners Wealth now owns 4,122 shares of the technology company's stock valued at $875,000 after acquiring an additional 1,014 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of Atlassian by 447.2% during the first quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company's stock valued at $42,000 after acquiring an additional 161 shares during the period. Finally, Financiere des Professionnels Fonds d investissement inc. purchased a new stake in shares of Atlassian in the 2nd quarter valued at approximately $425,000. Hedge funds and other institutional investors own 94.45% of the company's stock.

Key Headlines Impacting Atlassian

ISRG, TEAM, SFM Trade Well Below Highs With 30%+ Upside

Here are the key news stories impacting Atlassian this week:

Positive Sentiment: BTIG reaffirmed a "Buy" rating with a $220 target, which may attract value‑oriented buyers and limit downside. Atlassian (NASDAQ:TEAM) Earns Buy Rating from BTIG Research
Positive Sentiment: Atlassian appointed Google alum Anil Sabharwal to the board, adding AI/product experience that could help execution on AI-enabled roadmap and partnerships. Atlassian Appoints Anil Sabharwal to Board of Directors
Neutral Sentiment: PR and sponsorship items (Atlassian–Williams F1 coverage) and a Clovity hire to push regulated‑sector integrations improve brand/GTM visibility but are unlikely to move near‑term fundamentals. Why you should be supporting Atlassian Williams F1 Team
Neutral Sentiment: Commentary asking whether TEAM should be reassessed after a steep one‑year decline highlights the valuation debate but provides no new company data. Is It Time To Reassess Atlassian (TEAM) After A 49% One-Year Share Price Fall?
Negative Sentiment: Repeated insider selling by co‑founders Michael Cannon‑Brookes and Scott Farquhar — multiple sales of 7,665‑share lots in Dec–Jan — is pressuring sentiment and has been widely cited in stories about the stock hitting new lows. Insider sale SEC filing
Negative Sentiment: Sector headwinds from "agentic" AI (e.g., Claude Code) raise the risk that autonomous coding/workflow agents could reduce demand for some standalone Atlassian licenses or compress pricing power over time. 3 Stocks to Avoid as Software Sector Stumbles
Negative Sentiment: Citi and other outlets noting price‑target cuts/coverage changes in the software group add analyst pressure; media coverage of a new 12‑month low amplifies short‑term selling pressure. Atlassian, Datadog, Fastly in focus as Citi cuts price targets

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TEAM shares. Truist Financial set a $210.00 price objective on Atlassian in a research note on Friday, October 31st. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $240.00 target price on shares of Atlassian in a research note on Friday, October 31st. Bank of America assumed coverage on shares of Atlassian in a research report on Tuesday, September 23rd. They issued a "neutral" rating and a $200.00 price target on the stock. BTIG Research reissued a "buy" rating and issued a $220.00 price target on shares of Atlassian in a report on Tuesday. Finally, BMO Capital Markets raised their price objective on shares of Atlassian from $190.00 to $195.00 and gave the company an "outperform" rating in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $237.31.

Check Out Our Latest Research Report on TEAM

About Atlassian

(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.