China’s Xi speaks with Trump by phone, discusses Taiwan and bilateral ties
Atlassian (NASDAQ:TEAM) CEO Michael Cannon-Brookes sold 7,665 shares of Class A Common Stock on November 18, 2025, for a total of $1.13 million. The sales were executed in multiple trades at prices ranging from $145.9971 to $148.8567.
The transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 20, 2025. Following the sales, Cannon-Brookes indirectly owns 222,285 shares through CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust.
In other recent news, Atlassian Corporation reported better-than-expected results for its fiscal first quarter of 2026, with notable growth in cloud revenue and total revenue. The company experienced seat growth in its Jira and Confluence products, surpassing analyst expectations even after adjusting for accounting benefits related to its data center’s end-of-life offerings. In addition to its financial performance, Atlassian completed the acquisition of engineering intelligence firm DX, which aims to enhance developer productivity and provide insights into AI investments.
Analysts have responded to these developments with differing views. Bernstein raised its price target for Atlassian to $304, citing a stronger-than-expected contribution from the Data Center end-of-life strategy. Meanwhile, Truist Securities lowered its price target to $210 but maintained a Buy rating, noting the company’s strong top and bottom-line results driven by cloud migrations and upsell performance. Cantor Fitzgerald reiterated its Overweight rating with a $240 price target, highlighting AI growth as a key factor. These recent developments reflect a mixed but generally positive outlook from analysts regarding Atlassian’s future performance.
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