What happens to stocks if AI loses momentum?
Atlassian Corp (NASDAQ:TEAM) CEO and Co-Founder Michael Cannon-Brookes sold 7,015 shares of Class A Common Stock on August 11, 2025, for a total of $1.25 million. The sales were executed in multiple trades at prices ranging from $158.7222 to $170.765. The transaction comes as the $41.6 billion software company’s stock has declined nearly 50% over the past six months, though InvestingPro analysis suggests the stock is currently trading near its Fair Value.
The transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 20, 2025. Following the sales, Cannon-Brookes indirectly holds 268,275 shares through CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust. Despite recent losses, Atlassian maintains impressive gross profit margins of 83% and analysts expect profitability this year. For deeper insights into insider trading patterns and 14 additional key metrics, check out the comprehensive research available on InvestingPro.
In other recent news, Atlassian Corporation’s fourth-quarter earnings report has prompted several analysts to adjust their price targets for the company. Despite delivering a solid performance with revenue and cloud revenue exceeding expectations, analysts have expressed mixed sentiments about the company’s future outlook. Stephens lowered its price target to $202, citing a mixed fourth-quarter result and light guidance for fiscal year 2026. Truist Securities adjusted its target to $230, noting that Atlassian exceeded its top and bottom-line estimates due to improvements in enterprise sales. Bernstein set a target of $296, acknowledging the company’s significant quarter-over-quarter improvement despite challenging conditions. TD Cowen reduced its price target to $220, attributing the decision to concerns about artificial intelligence affecting the software-as-a-service sector. Mizuho (NYSE:MFG), while lowering its target to $235, highlighted Atlassian’s 22% year-over-year revenue growth, which surpassed Wall Street’s expectations. These developments reflect the varied perspectives of analysts on Atlassian’s performance and future potential.
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