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Atlassian Corp (NASDAQ:TEAM) CEO and Co-Founder Michael Cannon-Brookes, disposed of 7,665 shares of Class A Common Stock on September 9, 2025. The sales were executed at prices ranging from $175.82 to $182.4647, resulting in a total transaction value of $1.38 million. The $45.6 billion market cap company, known for its impressive 83% gross profit margins, has seen its stock decline 25% year-to-date despite analysts maintaining a bullish outlook with price targets ranging from $196 to $480.
The transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 20, 2025. Following the sales, Cannon-Brookes indirectly holds 114,975 shares through CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust. For deeper insights into insider trading patterns and comprehensive financial analysis, check out InvestingPro, which offers exclusive access to detailed research reports and real-time financial metrics.
In other recent news, Atlassian Corporation reported its Q4 2025 earnings, which exceeded expectations with an earnings per share of $0.98, compared to the forecasted $0.81. Despite this positive earnings surprise, the stock experienced a decline in after-hours trading. Additionally, Atlassian announced a significant acquisition, entering into a definitive agreement to acquire The Browser Company of New York for $610 million in cash. This deal includes The Browser Company’s cash holdings and has been met with an Outperform rating from Raymond James, which maintained a $250.00 price target for Atlassian.
Further developments include Cantor Fitzgerald reiterating its Overweight rating with a $240.00 price target, highlighting the potential for Atlassian to transition its Data Center customers to a cloud platform. William Blair also maintained an Outperform rating, noting Atlassian’s trading metrics compared to large-cap software peers. These recent developments reflect ongoing confidence from analysts regarding Atlassian’s strategic moves and financial performance.
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