Bitcoin set for a rebound that could stretch toward $100000, BTIG says
Atlassian (NASDAQ:TEAM) CEO Michael Cannon-Brookes sold a total of $1.13 million in Class A Common Stock on November 26, 2025. The sales involved two transactions with prices ranging from $148.1567 to $148.7565. These transactions occurred as the stock trades near its 52-week low of $139.70, with shares down nearly 30% over the past six months.
The first transaction involved the sale of 1,650 shares at a price of $148.7565 per share. The second transaction involved the sale of 6,015 shares at a price of $148.1567 per share.
Following these transactions, Cannon-Brookes indirectly owns 176,295 shares.
The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 20, 2025.
In other recent news, Atlassian Corporation reported its fiscal first-quarter 2026 results, showcasing better-than-expected performance in both cloud revenue and total revenue growth. This positive outcome was bolstered by notable growth in its Jira and Confluence products, which saw an increase in user adoption. In addition, Atlassian has completed the acquisition of engineering intelligence firm DX, aiming to enhance developer productivity and provide insights into artificial intelligence investments.
Furthermore, Bernstein has raised its price target for Atlassian to $304, reflecting optimism about the company’s Data Center end-of-life strategy. Meanwhile, Truist Securities adjusted its price target to $210, maintaining a Buy rating, citing strong cloud migrations and upsell performance. Cantor Fitzgerald continues to support Atlassian with an Overweight rating and a $240 price target, highlighting the company’s growth in AI-related areas. These developments underscore Atlassian’s strategic moves and financial performance as it navigates the evolving tech landscape.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.