Atlassian (NASDAQ:TEAM) CEO Sells $892,206.00 in Stock

February 4, 2026 by InsiderTrades.com

Key Points

CEO Michael Cannon‑Brookes sold 7,665 shares on Feb. 2 at an average price of $116.40 for $892,206, reducing his stake by ~2.44% to 306,600 shares (≈$35.7M).
The February sale was one of a string of identical insider sales by top executives — including co‑founder Scott Farquhar — in late Jan/early Feb, actions that coincided with TEAM trading down ~7.7% and may pressure investor sentiment.
Offsetting that concern, Atlassian announced a multi‑year partnership with Anthropic and analysts point to AI/cloud adoption and steady Jira/Confluence demand as potential Q2 tailwinds that could support a recovery.

Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) CEO Michael Cannon-Brookes sold 7,665 shares of the company's stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $116.40, for a total value of $892,206.00. Following the transaction, the chief executive officer owned 306,600 shares of the company's stock, valued at approximately $35,688,240. The trade was a 2.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 Friday, January 30th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $119.15, for a total value of $913,284.75.
On Wednesday, January 28th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $135.44, for a total transaction of $1,038,147.60.
On Monday, January 26th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was 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 shares were 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 transaction of $905,926.35.
On Friday, January 16th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $120.82, for a total transaction 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 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.

Atlassian Trading Down 7.7%

Shares of TEAM stock opened at $105.00 on Wednesday. Atlassian Corporation PLC has a 1 year low of $100.92 and a 1 year high of $326.00. The firm has a market capitalization of $27.63 billion, a PE ratio of -147.89, a price-to-earnings-growth ratio of 17.61 and a beta of 0.88. The stock has a fifty day moving average of $147.45 and a two-hundred day moving average of $159.96. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.26 and a current ratio of 1.26.

More Atlassian News

3 Stocks to Avoid as Software Sector Stumbles

Here are the key news stories impacting Atlassian this week:

Positive Sentiment: Atlassian announced a multi‑year partnership that integrates Anthropic’s Claude as the Atlassian Williams F1 Team’s “Official Thinking Partner,” raising the company’s profile in frontier AI integrations and offering potential product/commercial tie‑ins. Anthropic and Atlassian Williams F1 Team announce multi-year partnership
Positive Sentiment: Analyst previews (Zacks) expect Q2 to benefit from continued cloud adoption, AI tooling and steady demand for Jira/Confluence — fundamental drivers that could support revenue and limit downside at upcoming earnings. Atlassian to Report Q2 Earnings: What's in Store for the Stock?
Positive Sentiment: Some outlets and analysts highlight large upside potential for Atlassian tied to AI adoption trends — a positive thematic signal that could support a recovery if execution and guidance match expectations. Software Bear Market: 2 AI Stocks to Buy...
Neutral Sentiment: Marketing/PR items tied to the Williams F1 sponsorship (new livery, ads) increase brand visibility but are unlikely to move fundamentals on their own. Atlassian Williams F1 Team reveals bold new racing livery for 2026
Neutral Sentiment: Reported short interest data shows effectively zero reported short shares and a 0.0 days‑to‑cover metric — a technical datapoint that currently appears immaterial to near‑term price pressure.
Negative Sentiment: CEO Michael Cannon‑Brookes sold 7,665 shares (late Jan/early Feb), reducing his stake ~2.4%; repeated insider sales from top executives can weigh on investor sentiment even if proceeds are for diversification. SEC filing — CEO sale
Negative Sentiment: Director/co‑founder Scott Farquhar sold an identical block of 7,665 shares on the same dates, amplifying concerns about insider conviction and contributing to near‑term selling pressure. SEC filing — Director sale

Wall Street Analyst Weigh In

Several research firms have commented on TEAM. TD Cowen lowered their target price on shares of Atlassian from $205.00 to $175.00 and set a "hold" rating on the stock in a research note on Tuesday, January 20th. BMO Capital Markets increased their price objective on shares of Atlassian from $190.00 to $195.00 and gave the company an "outperform" rating in a report on Friday, October 31st. BTIG Research reiterated a "buy" rating and set a $220.00 price objective on shares of Atlassian in a research note on Tuesday, January 13th. Weiss Ratings restated a "sell (e+)" rating on shares of Atlassian in a research report on Wednesday, January 21st. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and set a $230.00 price target on shares of Atlassian in a research note on Wednesday, October 22nd. Twenty equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $227.60.

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Get Our Latest Stock Report on TEAM

Institutional Investors Weigh In On Atlassian

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Physician Wealth Advisors Inc. grew its holdings in shares of Atlassian by 60.4% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company's stock worth $26,000 after acquiring an additional 61 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Atlassian by 12.0% during the fourth quarter. GAMMA Investing LLC now owns 615 shares of the technology company's stock valued at $100,000 after purchasing an additional 66 shares during the last quarter. Snowden Capital Advisors LLC boosted its position in shares of Atlassian by 1.6% in the 2nd quarter. Snowden Capital Advisors LLC now owns 4,464 shares of the technology company's stock valued at $907,000 after purchasing an additional 71 shares during the period. Financial Perspectives Inc increased its stake in Atlassian by 11.7% in the 4th quarter. Financial Perspectives Inc now owns 718 shares of the technology company's stock worth $116,000 after purchasing an additional 75 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in Atlassian by 0.3% during the 2nd quarter. Cetera Investment Advisers now owns 24,808 shares of the technology company's stock worth $5,038,000 after buying an additional 79 shares during the period. Institutional investors and hedge funds own 94.45% of the company's stock.

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.