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

Posted by Donald Scott on Feb 6th, 2026

Atlassian Corporation PLC (NASDAQ:TEAM – Get Free Report) CEO Michael Cannon-Brookes sold 7,665 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $105.14, for a total value of $805,898.10. Following the completion of the transaction, the chief executive officer owned 291,270 shares of the company’s stock, valued at approximately $30,624,127.80. This represents a 2.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

On Monday, February 2nd, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $116.40, for a total transaction of $892,206.00.
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 transaction of $913,284.75.
On Wednesday, January 28th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $135.44, for a total value of $1,038,147.60.
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 value 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 shares were 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 stock was 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 stock was sold at an average price of $147.15, for a total transaction 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.

Atlassian Price Performance

Shares of Atlassian stock opened at $99.30 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.26 and a quick ratio of 1.26. Atlassian Corporation PLC has a one year low of $96.99 and a one year high of $326.00. The business’s 50 day simple moving average is $145.60 and its two-hundred day simple moving average is $159.15. The stock has a market capitalization of $26.13 billion, a P/E ratio of -141.70, a price-to-earnings-growth ratio of 16.27 and a beta of 0.88.

Institutional Investors Weigh In On Atlassian

Several hedge funds and other institutional investors have recently modified their holdings of TEAM. Physician Wealth Advisors Inc. grew its holdings in Atlassian by 60.4% during the third quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock valued at $26,000 after purchasing an additional 61 shares during the period. GAMMA Investing LLC lifted its position in shares of Atlassian by 12.0% during the 4th quarter. GAMMA Investing LLC now owns 615 shares of the technology company’s stock valued at $100,000 after buying an additional 66 shares in the last quarter. Snowden Capital Advisors LLC grew its stake in shares of Atlassian by 1.6% during the 2nd quarter. Snowden Capital Advisors LLC now owns 4,464 shares of the technology company’s stock valued at $907,000 after acquiring an additional 71 shares during the period. Financial Perspectives Inc increased its holdings 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 acquiring an additional 75 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake 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 acquiring an additional 79 shares during the period. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TEAM has been the topic of several research analyst reports. Wells Fargo & Company reiterated an “overweight” rating and set a $155.00 price target on shares of Atlassian in a research report on Friday. KeyCorp reissued an “overweight” rating and issued a $170.00 price target on shares of Atlassian in a research report on Friday. Jefferies Financial Group set a $150.00 price target on Atlassian in a research report on Friday. Truist Financial set a $210.00 target price on Atlassian in a research note on Friday, October 31st. Finally, Cantor Fitzgerald dropped their price target on shares of Atlassian from $240.00 to $146.00 and set an “overweight” rating on the stock in a report on Wednesday. Twenty research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $194.12.

View Our Latest Stock Analysis on TEAM

More Atlassian News

Here are the key news stories impacting Atlassian this week:

Positive Sentiment: Q2 beat on top and bottom lines: Atlassian reported $1.22 EPS vs. $1.12 expected and revenue of $1.59B (vs. $1.54B est.), showing 23.3% revenue growth year-over-year — a near-term fundamental positive for revenue momentum. Earnings/Press Release
Positive Sentiment: Management raised its fiscal 2026 revenue forecast, citing resilient enterprise software spending and accelerating AI adoption — this upward guidance supports longer-term revenue expectations. Reuters: Revenue Forecast Raised
Positive Sentiment: Company highlights record cloud revenue and a target of 20%+ annual revenue growth through FY27, driven in part by AI integrations and expanding enterprise customers — a strategic positive if execution continues. Seeking Alpha: Growth Target
Neutral Sentiment: Analysts trimmed price targets but kept favorable ratings: Morgan Stanley cut its target to $290 (still “overweight”), Mizuho lowered to $205 (“outperform”), and BTIG cut to $140 (“buy”) — these moves reduce near-term upside expectations but maintain positive analyst bias. Benzinga: Analyst Target Changes
Negative Sentiment: Cantor Fitzgerald sharply cut its price target to $146; along with broader sector AI worries, this adds downward pressure on sentiment. Cantor Fitzgerald Target Cut
Negative Sentiment: Insider selling by co-founders (disclosed sales of 7,665 shares each by Scott Farquhar and Michael Cannon-Brookes) has been flagged by the market as a negative catalyst. SEC Filing: Insider Sales
Negative Sentiment: Market reaction: coverage noting that shares dipped despite the beat as investors worry cloud growth may slow and AI competition/feature releases elsewhere increase sector volatility. Investing.com: Shares Dip

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.