Street Calls of the Week
Atlassian (NASDAQ:TEAM) CEO and Co-Founder Michael Cannon-Brookes sold 7,515 shares of Class A Common Stock on September 10, 2025, for a total of $1.34 million. The sales occurred at prices ranging from $173.86 to $181.8563. The software giant, currently valued at $46.5 billion, maintains impressive gross profit margins of 83% despite not being profitable over the last twelve months. According to InvestingPro analysis, the stock is trading near its Fair Value.
Cannon-Brookes’s transactions involved multiple trades at varying prices within the specified ranges.
Following the transactions, Cannon-Brookes indirectly holds 107,310 shares of Atlassian stock. The shares are held by CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust.
The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 20, 2025. The company operates with moderate debt levels and analysts expect profitability this year, despite current challenges.
In other recent news, Atlassian Corp Plc reported its Q4 2025 earnings, surpassing expectations with an earnings per share of $0.98 compared to the forecasted $0.81, marking a 20.99% surprise. Despite this earnings beat, the stock experienced a decline, attributed to broader market volatility and investor concerns over future guidance. Additionally, Atlassian announced a definitive agreement to acquire The Browser Company of New York for $610 million in cash, which includes The Browser Company’s cash holdings. This acquisition has been met with a positive outlook, as evidenced by Raymond James maintaining its Outperform rating and a $250.00 price target for Atlassian.
Further, Cantor Fitzgerald reiterated its Overweight rating and a $240.00 price target, highlighting the potential for Atlassian to transition Data Center customers to its cloud platform. The firm emphasized Atlassian’s development of FedRAMP High and Impact Level 5 environments as a strategic move. William Blair also maintained its Outperform rating, noting that Atlassian trades at a slight discount compared to large-cap software peers. These developments reflect a continued positive sentiment among analysts regarding Atlassian’s strategic initiatives and market positioning.
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