Insider Selling: Atlassian Co. (NASDAQ:TEAM) CEO Sells 7,948 Shares of Stock

Posted by Anthony Miller on May 19th, 2025

Atlassian Co. (NASDAQ:TEAM – Get Free Report) CEO Michael Cannon-Brookes sold 7,948 shares of the company’s stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $221.41, for a total value of $1,759,766.68. Following the sale, the chief executive officer now owns 111,272 shares in the company, valued at $24,636,733.52. The trade was a 6.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

On Wednesday, May 14th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $225.44, for a total value of $1,791,797.12.
On Monday, May 12th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $222.47, for a total transaction of $1,768,191.56.
On Thursday, May 8th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $209.19, for a total value of $1,662,642.12.
On Wednesday, April 30th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $225.64, for a total value of $1,793,386.72.
On Monday, April 28th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $229.59, for a total transaction of $1,824,781.32.
On Wednesday, April 23rd, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $210.23, for a total transaction of $1,670,908.04.
On Monday, April 21st, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $192.50, for a total value of $1,529,990.00.
On Wednesday, April 16th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $205.94, for a total value of $1,636,811.12.
On Friday, April 11th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $195.91, for a total transaction of $1,557,092.68.
On Wednesday, April 9th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $195.56, for a total value of $1,554,310.88.

Atlassian Stock Performance

Shares of Atlassian stock traded down $6.32 during trading on Monday, reaching $214.47. The company’s stock had a trading volume of 2,741,814 shares, compared to its average volume of 2,102,561. The business’s fifty day moving average price is $213.39 and its 200-day moving average price is $247.54. Atlassian Co. has a one year low of $135.29 and a one year high of $326.00. The firm has a market cap of $56.30 billion, a price-to-earnings ratio of -160.05 and a beta of 1.06. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.24 and a current ratio of 1.24.

Atlassian (NASDAQ:TEAM – Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The technology company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.93 by $0.04. Atlassian had a negative return on equity of 17.37% and a negative net margin of 7.22%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the previous year, the business posted $0.89 EPS. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. As a group, equities research analysts predict that Atlassian Co. will post -0.34 earnings per share for the current year.

Hedge Funds Weigh In On Atlassian

Large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its position in Atlassian by 5.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,478,358 shares of the technology company’s stock worth $393,588,000 after purchasing an additional 131,621 shares during the last quarter. Park Avenue Securities LLC grew its position in Atlassian by 16.7% during the fourth quarter. Park Avenue Securities LLC now owns 4,757 shares of the technology company’s stock worth $1,158,000 after buying an additional 682 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in Atlassian by 23.9% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 2,316 shares of the technology company’s stock valued at $564,000 after acquiring an additional 447 shares during the period. Merit Financial Group LLC acquired a new position in Atlassian in the 4th quarter valued at approximately $726,000. Finally, Premier Path Wealth Partners LLC bought a new stake in shares of Atlassian in the 4th quarter worth approximately $314,000. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TEAM. Piper Sandler reiterated an “overweight” rating and issued a $300.00 target price (down previously from $365.00) on shares of Atlassian in a report on Friday, May 2nd. StockNews.com downgraded shares of Atlassian from a “buy” rating to a “hold” rating in a research note on Monday, March 31st. Macquarie cut their price objective on Atlassian from $270.00 to $250.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Truist Financial lowered their target price on Atlassian from $350.00 to $300.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. Finally, Cantor Fitzgerald raised Atlassian from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $304.00 to $272.00 in a research note on Wednesday, April 2nd. Five analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $285.29.

Check Out Our Latest Stock Report on TEAM

About Atlassian

(Get Free Report)

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.