Atlassian Co. (NASDAQ:TEAM) CEO Michael Cannon-Brookes Sells 7,948 Shares of Stock

Posted by Lauren Steadman on May 16th, 2025

Atlassian Co. (NASDAQ:TEAM – Get Free Report) CEO Michael Cannon-Brookes sold 7,948 shares of Atlassian stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $225.44, for a total transaction of $1,791,797.12. Following the completion of the transaction, the chief executive officer now directly owns 127,168 shares in the company, valued at approximately $28,668,753.92. The trade was a 5.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

On Monday, May 12th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was 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 transaction 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 transaction 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 value of $1,824,781.32.
On Wednesday, April 23rd, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $210.23, for a total value 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 shares were 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 stock was sold at an average price of $195.56, for a total transaction of $1,554,310.88.
On Friday, April 4th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $188.28, for a total transaction of $1,496,449.44.

Atlassian Price Performance

Shares of TEAM opened at $220.88 on Friday. Atlassian Co. has a twelve month low of $135.29 and a twelve month high of $326.00. The company has a market capitalization of $57.87 billion, a P/E ratio of -164.83 and a beta of 1.06. The firm has a 50 day moving average of $213.69 and a 200 day moving average of $246.60. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.81.

Atlassian (NASDAQ:TEAM – Get Free Report) last issued its earnings results on Thursday, May 1st. The technology company reported $0.97 EPS for the quarter, beating 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 business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same period last year, the business posted $0.89 EPS. The company’s revenue was up 14.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Atlassian Co. will post -0.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Atlassian

Several institutional investors have recently modified their holdings of the business. Clean Yield Group boosted its holdings in shares of Atlassian by 372.0% during the 1st quarter. Clean Yield Group now owns 118 shares of the technology company’s stock valued at $25,000 after acquiring an additional 93 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new position in Atlassian during the fourth quarter valued at approximately $27,000. Colonial Trust Co SC boosted its holdings in Atlassian by 100.0% in the fourth quarter. Colonial Trust Co SC now owns 138 shares of the technology company’s stock worth $34,000 after purchasing an additional 69 shares during the last quarter. Smithfield Trust Co boosted its holdings in Atlassian by 90.7% in the first quarter. Smithfield Trust Co now owns 164 shares of the technology company’s stock worth $34,000 after purchasing an additional 78 shares during the last quarter. Finally, Summit Securities Group LLC bought a new stake in Atlassian in the 4th quarter worth approximately $38,000. 94.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on TEAM shares. Macquarie decreased their price target on shares of Atlassian from $270.00 to $250.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. KeyCorp decreased their target price on Atlassian from $365.00 to $275.00 and set an “overweight” rating for the company in a research report on Thursday, April 10th. Truist Financial lowered their target price on Atlassian from $350.00 to $300.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Robert W. Baird raised Atlassian from a “neutral” rating to an “outperform” rating and reduced their price target for the stock from $320.00 to $255.00 in a research note on Monday, April 14th. Finally, William Blair reiterated an “outperform” rating on shares of Atlassian in a report on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $285.29.

View Our Latest 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.