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Atlassian Corp (NASDAQ:TEAM) CEO and Co-Founder Michael Cannon-Brookes, through CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust, sold a total of 7,665 shares of Class A Common Stock on October 9, 2025. The sales were executed in multiple transactions with prices ranging from $148.1166 to $150.0661, resulting in a total transaction value of $1,138,581. The stock, currently trading near its 52-week low of $146.16, has seen a 25% decline over the past six months, despite maintaining impressive gross profit margins of 83%. According to InvestingPro analysis, the company appears slightly undervalued at current levels.
These transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 20, 2025. Following these transactions, Cannon-Brookes continues to indirectly hold 436,905 shares of Atlassian Corp, representing a stake in the $38 billion market cap company. For deeper insights into Atlassian’s valuation and financial health metrics, including 10+ additional ProTips, check out the comprehensive research report available on InvestingPro.
In other recent news, Atlassian Corporation has announced a definitive agreement to acquire engineering intelligence company DX for approximately $1 billion. This acquisition, which includes both cash and restricted stock, aims to enhance Atlassian’s ability to provide data-driven insights into developer productivity and satisfaction, particularly in measuring the effectiveness of artificial intelligence investments. In addition to the DX acquisition, Atlassian is also acquiring The Browser Co. for $610 million, with both deals expected to close by the end of the year.
Analysts have responded to these developments with positive ratings. Bernstein SocGen Group has maintained its Outperform rating and a $296 price target, citing the potential revenue impacts from upcoming license component changes in Data Center contracts. Similarly, Mizuho reiterated its Outperform rating with a $235 price target, noting the strategic value of the DX acquisition. Meanwhile, Wells Fargo initiated coverage on Atlassian with an Overweight rating and a $216 price target, highlighting strong pricing and opportunities in cloud migrations and artificial intelligence platforms. These recent developments reflect Atlassian’s active strategy in expanding its capabilities and market reach.
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