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Atlassian Corp (NASDAQ:TEAM) CEO and Co-Founder Michael Cannon-Brookes, sold 7,615 shares of Class A Common Stock on July 16, 2025, for approximately $1.45 million. The sales were executed in multiple trades with prices ranging from $187.1344 to $190.8379. The software giant, currently valued at $50 billion, trades at premium multiples despite not being profitable over the last twelve months. However, according to InvestingPro data, analysts expect the company to turn profitable this year.
The transactions were executed under a Rule 10b5-1 trading plan adopted on February 20, 2025. Following these transactions, Cannon-Brookes indirectly holds 406,245 shares of Atlassian Class A Common Stock through CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust. With the company’s next earnings report due on August 7, 2025, InvestingPro subscribers can access comprehensive insider trading analysis and 8 additional key insights about Atlassian’s financial health and valuation.
In other recent news, Atlassian Corporation has experienced several notable developments. The company reported third-quarter fiscal year 2025 results that aligned with expectations, although there was a shortfall in billings due to fewer multi-year Data Center deals. Despite this, Atlassian saw stronger-than-anticipated free cash flow and stable growth in small and medium-sized business seats. Moody’s Ratings upgraded Atlassian’s senior unsecured notes to Baa2, citing strong revenue growth expectations and improvements in the company’s credit profile. Meanwhile, Capital One (NYSE:COF) downgraded Atlassian from Overweight to Equal-weight, expressing concerns over AI competition and potential risks to seat growth and average revenue per user.
Bernstein has maintained an Outperform rating on Atlassian, noting significant investor debate regarding the company’s fiscal year 2026 guidance. The firm believes that concerns about monetization and employment headwinds may be overstated. Cantor Fitzgerald adjusted Atlassian’s price target to $256, reflecting a slightly lower valuation multiple but maintaining an Overweight rating. Stephens also revised its price target to $221, maintaining an Equal Weight rating, as the market anticipates further clarity from Atlassian’s upcoming guidance. These developments underscore the mixed sentiment among analysts and investors about Atlassian’s future performance and growth potential.
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