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Atlassian Corp (NASDAQ:TEAM) CEO and Co-Founder Michael Cannon-Brookes sold a total of 7,665 shares of Class A Common Stock on October 8, 2025. The sales, conducted under a pre-arranged 10b5-1 trading plan, totaled $1,156,860. The transaction comes as the stock trades near its 52-week low of $146.16, having declined nearly 30% over the past six months. According to InvestingPro analysis, the stock appears slightly undervalued at current levels.
The transactions involved multiple sales at varying prices:
1,679 shares were sold at a weighted average price of $151.9722, in a range of $151.34 to $152.33.
3,086 shares were sold at a weighted average price of $149.7189, in a range of $149.18 to $150.16.
1,450 shares were sold at a weighted average price of $152.6292, in a range of $152.37 to $153.07.
1,450 shares were sold at a weighted average price of $150.5895, in a range of $150.21 to $150.90.
Following these transactions, Cannon-Brookes indirectly owns 444,570 shares of Atlassian Corp. Class A Common Stock through CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust. For deeper insights into Atlassian’s valuation and 12 additional exclusive ProTips, visit InvestingPro to access the comprehensive Pro Research Report.
In other recent news, Atlassian Corporation announced its acquisition of engineering intelligence company DX for approximately $1 billion in cash and restricted stock. This strategic move aims to enhance Atlassian’s ability to measure the effectiveness of artificial intelligence investments within engineering teams. The integration of DX is expected to provide customers with valuable insights into developer productivity and satisfaction. Additionally, Atlassian has made another significant acquisition, purchasing The Browser Co. for $610 million, with both deals anticipated to close by the end of the year.
Analyst firms have responded positively to these developments. Bernstein has reiterated an Outperform rating with a $296.00 price target, while Mizuho also maintains an Outperform rating with a $235.00 price target, highlighting the company’s recent flurry of activity. Wells Fargo initiated coverage on Atlassian with an Overweight rating and a price target of $216.00, citing strong pricing and potential in cloud and AI platforms. In governance news, Atlassian appointed AI entrepreneur Jason Warner to its Board of Directors, effective October 1, 2025, following Heather Mirjahangir Fernandez’s retirement. These recent developments reflect Atlassian’s strategic focus on growth and innovation.
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