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Michael Cannon-Brookes, CEO and Co-Founder of Atlassian Corp (NASDAQ:TEAM), has recently sold a significant portion of his holdings in the company. According to a filing submitted to the Securities and Exchange Commission, Cannon-Brookes disposed of shares valued at approximately $2.15 million on March 4, 2025. The transaction comes as Atlassian, currently valued at $72.46 billion, maintains impressive gross profit margins of 82% and has seen its stock surge 69% over the past six months. The sales were executed at prices ranging from $262.89 to $277.38 per share. Following these transactions, Cannon-Brookes retains ownership of 151,012 shares, held indirectly through a trust. These transactions were conducted under a pre-established Rule 10b5-1 trading plan. According to InvestingPro analysis, which offers 12 additional investment tips for Atlassian, analyst targets range from $270 to $420 per share, suggesting potential upside from current levels. Get the complete picture with InvestingPro’s comprehensive research report, available alongside 1,400+ other detailed company analyses.
In other recent news, Atlassian Corp Plc reported strong financial results for Q4 2024, significantly surpassing market expectations. The company’s earnings per share (EPS) reached $0.96, well above the forecasted $0.62, while revenue totaled $1.29 billion, exceeding the anticipated $1.23 billion. This performance was driven by a 30% year-over-year growth in subscription revenue and improved gross margins, which rose to 85%. Atlassian’s continued success is highlighted by a record number of deals exceeding $1 million in annual contract value, reinforcing its presence in the enterprise market.
In addition to financial achievements, Atlassian aims to double its revenue to $10 billion by FY 2026, while maintaining non-GAAP operating margins above 25%. The company remains cautious due to macroeconomic uncertainties but is investing in enterprise go-to-market strategies. Furthermore, Atlassian’s recent advancements in AI capabilities have garnered interest, with more than 1 million monthly active users utilizing its AI features. The company’s efforts in AI, automation, and analytics are driving the adoption of premium and enterprise editions, with sales for higher-value SKUs increasing by over 40% year-over-year.
On the analyst front, Atlassian’s performance has been recognized, although specific upgrades or downgrades were not detailed in the recent reports. The company continues to focus on evolving market dynamics and potential shifts to consumption-based pricing models. These developments reflect Atlassian’s strategic positioning and ongoing commitment to innovation and enterprise customer engagement.
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