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Atlassian Corp (NASDAQ:TEAM), a $52.5 billion market cap company with impressive 82% gross profit margins and 19% year-over-year revenue growth, saw CEO Michael Cannon-Brookes sell 7,665 shares of Class A Common Stock on July 9, 2025, for approximately $1.69 million. The sales were executed at prices ranging from $218.2919 to $221.915.
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 444,570 shares of Atlassian stock through CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust. According to InvestingPro analysis, the stock currently trades near its Fair Value, with analysts maintaining a bullish consensus and setting price targets up to $420. Discover more insights and 8 additional ProTips with an InvestingPro subscription.
In other recent news, Atlassian Corporation has seen several noteworthy developments. Moody’s Ratings upgraded Atlassian’s senior unsecured notes to Baa2, reflecting expectations of strong revenue growth driven by cloud subscriptions and improved operating profits. Analysts from Cantor Fitzgerald, Stephens, and TD Cowen have adjusted their price targets for Atlassian, with Cantor Fitzgerald lowering it to $256, Stephens to $221, and TD Cowen to $250, each citing different factors influencing the company’s performance. These adjustments come after Atlassian’s third-quarter results, which were in line with expectations but highlighted challenges such as a shortfall in multi-year Data Center deals.
Cantor Fitzgerald maintains an Overweight rating, noting strong demand for cloud services, while Stephens holds an Equal Weight rating, awaiting further clarity on growth impacts. TD Cowen retains a Hold rating, expressing caution about economic conditions and Atlassian’s AI monetization potential. Additionally, Atlassian announced board changes, with Enrique Salem retiring and Karen Dykstra, former CFO of VMware, joining as a new director. Dykstra will serve on the Audit Committee, bringing significant financial expertise to the company. These developments indicate a period of strategic adjustments and leadership changes for Atlassian.
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