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

January 30, 2026 by InsiderTrades.com

Key Points

CEO Michael Cannon‑Brookes sold 7,665 shares on Jan. 28 at an average of $135.44 for about $1.04M, leaving him with 329,595 shares (a 2.27% reduction in his stake).
He completed a string of identical insider sales during January — 11 transactions of 7,665 shares each — indicating sustained insider selling pressure at current price levels.
Stock under pressure: TEAM is down about 10.7% and trading near a 52‑week low (~$115) amid rising short interest and a Pomerantz investor investigation, though analysts show a "Moderate Buy" consensus with a $231.54 average target.

Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) CEO Michael Cannon-Brookes sold 7,665 shares of the business's stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $135.44, for a total transaction of $1,038,147.60. Following the completion of the transaction, the chief executive officer owned 329,595 shares of the company's stock, valued at approximately $44,640,346.80. This represents a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Atlassian Has Been Crushed—But the Setup Into Earnings Is Shifting

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

On Monday, January 26th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $136.93, for a total transaction of $1,049,568.45.
On Thursday, January 22nd, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $126.11, for a total transaction of $966,633.15.
On Tuesday, January 20th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $118.19, for a total value of $905,926.35.
On Friday, January 16th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $120.82, for a total value of $926,085.30.
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 value of $1,024,503.90.
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 shares were sold at an average price of $145.91, for a total transaction 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 transaction 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 transaction 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.

Atlassian Stock Down 10.7%

TEAM opened at $120.38 on Friday. The company has a market cap of $31.67 billion, a PE ratio of -169.55, a price-to-earnings-growth ratio of 20.87 and a beta of 0.88. Atlassian Corporation PLC has a twelve month low of $115.01 and a twelve month high of $326.00. The company has a 50-day moving average price of $149.55 and a 200 day moving average price of $162.03. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.72.

3 Stocks to Avoid as Software Sector Stumbles

Atlassian (NASDAQ:TEAM - Get Free Report) last posted its quarterly earnings data on Thursday, October 30th. The technology company reported $1.04 EPS for the quarter, topping the consensus estimate 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 company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the business earned $0.77 EPS. Atlassian's quarterly revenue was up 20.6% on a year-over-year basis. Sell-side analysts expect that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on TEAM shares. Macquarie lowered their target price on shares of Atlassian from $250.00 to $240.00 and set an "outperform" rating on the stock in a research note on Monday, November 3rd. BMO Capital Markets upped their price objective on shares of Atlassian from $190.00 to $195.00 and gave the company an "outperform" rating in a research note on Friday, October 31st. Cantor Fitzgerald reiterated an "overweight" rating and issued a $240.00 price objective on shares of Atlassian in a report on Friday, October 31st. TD Cowen lowered their target price on Atlassian from $205.00 to $175.00 and set a "hold" rating on the stock in a report on Tuesday, January 20th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and issued a $260.00 price target on shares of Atlassian in a report on Friday, October 31st. Twenty-one investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $231.54.

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

Read Our Latest Report on Atlassian

Institutional Trading of Atlassian

Several hedge funds have recently made changes to their positions in TEAM. NewEdge Advisors LLC grew its holdings in shares of Atlassian by 71.6% in the first quarter. NewEdge Advisors LLC now owns 5,432 shares of the technology company's stock valued at $1,153,000 after purchasing an additional 2,267 shares in the last quarter. Empowered Funds LLC boosted its position in Atlassian by 39.5% in the 1st quarter. Empowered Funds LLC now owns 4,689 shares of the technology company's stock valued at $995,000 after buying an additional 1,328 shares during the period. Focus Partners Wealth grew its stake in shares of Atlassian by 32.6% in the first quarter. Focus Partners Wealth now owns 4,122 shares of the technology company's stock worth $875,000 after acquiring an additional 1,014 shares in the last quarter. Geneos Wealth Management Inc. increased its position 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 worth $42,000 after acquiring an additional 161 shares during the period. Finally, Sivia Capital Partners LLC raised its stake in shares of Atlassian by 27.5% in the second quarter. Sivia Capital Partners LLC now owns 1,873 shares of the technology company's stock valued at $380,000 after acquiring an additional 404 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company's stock.

Atlassian News Roundup

Here are the key news stories impacting Atlassian this week:

Positive Sentiment: New marketing exposure — Atlassian’s Williams F1 team added Wilkinson Sword as an official partner, extending brand reach and sponsorship visibility that can help enterprise awareness and demand generation. Atlassian Williams F1 Team welcomes Wilkinson Sword as Official Men’s Grooming Partner
Neutral Sentiment: AI competition analysis — Coverage examines Anthropic’s Cowork as a potential disruptor to Atlassian’s collaboration/workflow tools; impact is speculative now but increases competitive risk in AI-enabled workflows. Atlassian Faces AI Disruption: Analyzing the Impact of Anthropic's Cowork
Neutral Sentiment: Explanatory coverage is available summarizing the mix of drivers putting pressure on shares today (useful context but not new company-specific fundamentals). Why Atlassian Corporation’s (TEAM) Stock Is Down 12.94%
Negative Sentiment: Insider selling — Director Scott Farquhar (and reporting indicates CEO activity) executed multiple share sales in January; repeated insider sales at current levels are a near‑term negative signal for investor confidence. Insider Selling: Atlassian Director Sells Shares
Negative Sentiment: Legal risk — Pomerantz LLP opened an investor investigation into Atlassian, which can prolong downward pressure until any claims are resolved or dismissed. Pomerantz investor alert
Negative Sentiment: Analyst target cut — Robert W. Baird trimmed its price target (reducing near‑term upside expectations); analyst downgrades/target cuts amplify selling pressure. Robert W. Baird Lowers Expectations for Atlassian
Negative Sentiment: Short interest and 52‑week low — Data show a meaningful increase in short interest earlier in January and headlines note the stock hit a new 52‑week low, both signaling bearish positioning and momentum that can exacerbate declines. Atlassian stock hits 52-week low at 115.37 USD

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.