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Atlassian Corp (NASDAQ:TEAM) CEO and Co-Founder Michael Cannon-Brookes sold 7,665 shares of Class A Common Stock on October 7, 2025, for a total of $1.13 million. The transaction comes as the company, currently valued at $39.2 billion, trades near its 52-week low despite maintaining impressive gross profit margins of 83% and delivering nearly 20% year-over-year revenue growth. The sales were executed in multiple transactions at prices ranging from $146.9108 to $151.57.
The transactions were executed pursuant to a Rule 10b5-1 trading plan adopted by Cannon-Brookes on February 20, 2025. Following the transactions, Cannon-Brookes indirectly holds 452,235 shares of Atlassian Class A Common Stock through CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust. According to InvestingPro analysis, Atlassian currently appears undervalued, with 8 additional key insights available to subscribers through the comprehensive Pro Research Report.
In other recent news, Atlassian Corporation has been actively making strategic moves to enhance its growth and capabilities. The company announced a definitive agreement to acquire DX, an engineering intelligence platform, for approximately $1 billion. This acquisition aims to provide enterprises with insights into the effectiveness of their AI investments. Additionally, Atlassian acquired The Browser Co. for $610 million, with both deals expected to close by the end of the year.
Analysts have responded positively to these developments. Wells Fargo initiated coverage on Atlassian with an Overweight rating, highlighting the company’s potential in cloud and AI platforms. Bernstein reiterated its Outperform rating, citing the recent acquisitions as a driving factor. Mizuho also maintained its Outperform rating, noting the acquisition of DX as part of a "flurry of recent activity."
Furthermore, Atlassian announced the appointment of AI entrepreneur Jason Warner to its Board of Directors, effective October 1, 2025. Warner will replace Heather Mirjahangir Fernandez, who will retire on September 30, 2025. These recent developments underscore Atlassian’s focus on expanding its capabilities and leadership in the technology sector.
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