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Atlassian (NASDAQ:TEAM), the $41.8 billion software company known for its impressive 83% gross margins, saw CEO and Co-Founder Michael Cannon-Brookes sell 8,965 shares of Class A Common Stock on October 20, 2025, for approximately $1.2 million. The sales were executed in multiple trades at prices ranging from $153.9865 to $159.0896. According to InvestingPro analysis, the stock is currently trading near its Fair Value.
The transactions were executed under a Rule 10b5-1 trading plan adopted on February 20, 2025. Following the sales, Cannon-Brookes indirectly holds 383,250 shares through CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust. With the company’s next earnings report due on October 30 and revenue growing at nearly 20% year-over-year, investors can access comprehensive analysis and additional insights through InvestingPro’s detailed research reports.
In other recent news, Atlassian Corporation has announced a definitive agreement to acquire the engineering intelligence company DX for approximately $1 billion. This acquisition is expected to provide enterprises with tools to measure the effectiveness of their artificial intelligence investments, enhancing developer productivity and satisfaction. Additionally, Atlassian revealed another acquisition, The Browser Co., for $610 million, both deals anticipated to close by the end of the year.
Bernstein SocGen Group has maintained its Outperform rating on Atlassian, setting a price target of $296, influenced by these acquisition activities. Mizuho also reiterated an Outperform rating with a $235 price target, noting the significant impact of the DX acquisition. Wells Fargo initiated coverage on Atlassian with an Overweight rating and a $216 price target, highlighting the potential in cloud migrations and AI platform advancements.
These developments reflect Atlassian’s strategic focus on expanding its capabilities and leveraging new technologies. Bernstein also reassessed potential revenue impacts from upcoming license component changes in Data Center contracts, maintaining a positive outlook. These recent activities underscore Atlassian’s continued efforts to strengthen its market position through strategic acquisitions and technology enhancements.
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