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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 November 12, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The sales, executed under a Rule 10b5-1 trading plan, totaled $1.18 million, with prices ranging from $153.7801 to $158.5167.
The transactions involved multiple trades at varying prices. Specifically, 350 shares were sold at a weighted average price of $156.5565, 2,252 shares at $155.4616, 150 shares at $158.5167, 3,100 shares at $154.6492, 250 shares at $157.636, and 1,563 shares at $153.7801.
Following these transactions, Cannon-Brookes indirectly owns 252,945 shares of Atlassian Corp Class A Common Stock through CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust.
In other recent news, Atlassian Corporation has completed the acquisition of engineering intelligence firm DX. This acquisition is intended to enhance Atlassian’s capabilities in measuring and improving developer productivity while providing visibility into AI investments. In financial updates, Atlassian reported strong fiscal first-quarter 2026 results, with cloud revenue and total revenue growth surpassing expectations. Both Jira and Confluence products have experienced seat growth, contributing to these positive results.
Analyst firms have reacted to these developments with Cantor Fitzgerald reiterating its Overweight rating and maintaining a $240 price target, citing growth in AI as a key factor. Truist Securities, while maintaining a Buy rating, lowered its price target to $210, noting the impact of the end-of-life of data center offerings. Meanwhile, Piper Sandler reiterated its Overweight rating and maintained a $300 price target, emphasizing the acceleration in cloud growth due to successful customer migrations. These recent developments reflect Atlassian’s strategic moves and financial performance, drawing varied responses from analysts.
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