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Atlassian (NASDAQ:TEAM) CEO and Co-Founder Michael Cannon-Brookes sold 7,615 shares of Class A Common Stock on October 10, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The sales, conducted under a pre-arranged 10b5-1 trading plan, totaled $1,117,948. The transaction comes as Atlassian’s stock trades near its 52-week low of $144.32, having declined over 40% year-to-date, according to InvestingPro data.
The shares were sold in multiple transactions with prices ranging from $144.8955 to $148.9011. Specifically, 750 shares were sold at a weighted average price of $146.7775, 1,016 shares at $147.8422, 1,350 shares at $145.7227, 4,099 shares at $144.8955, and 450 shares at $148.9011.
Following these transactions, Cannon-Brookes indirectly owns 429,240 shares of Atlassian through CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust. Despite recent stock performance, InvestingPro analysis shows Atlassian maintains impressive gross profit margins of 82.8% and is expected to report its next quarterly earnings on October 30, 2025. Get the complete financial picture with InvestingPro’s comprehensive research report, available along with 10+ additional ProTips for TEAM.
In other recent news, Atlassian Corporation has made significant strides with its recent acquisitions and analyst ratings. The company announced a definitive agreement to acquire engineering intelligence firm DX for approximately $1 billion in cash and restricted stock. This acquisition aims to enhance Atlassian’s capability to provide data-driven insights into developer productivity and satisfaction, particularly in measuring the effectiveness of artificial intelligence investments. Additionally, Atlassian acquired The Browser Co. for $610 million, with both deals expected to conclude by the end of the year.
Analysts have responded positively to these developments. Bernstein SocGen Group maintained its Outperform rating and a price target of $296, citing the acquisitions as a key factor. Mizuho also reiterated an Outperform rating with a $235 price target, highlighting the DX acquisition as a part of Atlassian’s recent flurry of activity. Wells Fargo initiated coverage with an Overweight rating and a $216 price target, emphasizing the company’s strong pricing and potential in cloud and AI platforms. These recent developments indicate a focus on strategic growth and innovation for Atlassian.
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