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Atlassian Corp (NASDAQ:TEAM), the $44.3 billion enterprise software company whose shares have declined 47% over the past six months, reported that CEO and Co-Founder Michael Cannon-Brookes sold 7,665 shares of Class A Common Stock on August 15, 2025, according to a recent SEC filing. The sales, executed under a Rule 10b5-1 trading plan, resulted in a total value of $1.28 million.
The transactions occurred at weighted average prices ranging from $162.695 to $168.5997 per share. Specifically, the sales were executed in multiple trades at the following price ranges: $167.37 to $168.33, $168.41 to $168.71, $164.24 to $165.19, $166.35 to $167.34, $162.60 to $162.79, and $165.35 to $166.32.
Following these transactions, Cannon-Brookes indirectly owns 237,615 shares of Atlassian Corp through CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust. For deeper insights into Atlassian’s valuation metrics and 12 additional exclusive ProTips, visit InvestingPro, where you’ll find comprehensive analysis in our detailed Pro Research Report.
In other recent news, Atlassian Corporation reported its fourth-quarter earnings, which showed mixed results and a light guidance for the first quarter of fiscal year 2026. Despite challenges, the company exceeded some expectations, with revenue and cloud revenue surpassing projections by 2.2% and 2.7%, respectively. Analysts have responded by adjusting their price targets for Atlassian. Stephens lowered its target to $202, citing the mixed outlook, while Truist Securities reduced its target to $230, noting improvements in enterprise sales. Bernstein set a new target of $296, highlighting that Atlassian delivered the earnings they needed despite tough conditions. TD Cowen decreased its target to $220, pointing to concerns about artificial intelligence in the SaaS sector. Mizuho (NYSE:MFG) lowered its target to $235, acknowledging Atlassian’s 22% year-over-year revenue growth, which exceeded Wall Street’s expectations. These adjustments reflect varied perspectives on Atlassian’s performance and future potential.
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