Asia stocks rise: Japan surges on Takaichi bets, China buoyed by positive GDP
Atlassian Corp (NASDAQ:TEAM) CEO and Co-Founder Michael Cannon-Brookes sold 7,365 shares of Class A Common Stock on October 15, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The sales, executed under a pre-arranged 10b5-1 trading plan, totaled $1.16 million. The transaction comes as the $39.2 billion market cap company trades near its 52-week low, having declined nearly 27% over the past six months despite maintaining impressive gross profit margins of 83%.
The shares were sold at prices ranging from $150.3627 to $158.0833. Following the transactions, Cannon-Brookes continues to indirectly hold 406,245 shares of Atlassian through CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust. According to InvestingPro analysis, which offers comprehensive insider trading patterns and 10+ additional real-time insights, the stock is currently trading close to its Fair Value, with analysts expecting profitability this year.
In other recent news, Atlassian Corporation has made headlines with its announcement to acquire engineering intelligence company DX for approximately $1 billion. This acquisition is aimed at helping enterprises measure the effectiveness of their AI investments in engineering teams and is expected to close by the end of the year. Additionally, Atlassian recently acquired The Browser Co. for $610 million, further expanding its portfolio. Analyst firm Mizuho maintained its Outperform rating on Atlassian, emphasizing the significance of the DX acquisition, which matches the company’s largest previous acquisition of Loom in 2023.
Bernstein SocGen Group also reiterated its Outperform rating with a $296 price target, acknowledging the company’s strategic acquisitions. Meanwhile, Wells Fargo initiated coverage on Atlassian with an Overweight rating and a $216 price target, citing strong pricing, cloud migration, and AI platform potential as key growth drivers. These developments reflect Atlassian’s ongoing efforts to enhance its product offerings and capitalize on emerging market opportunities.
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