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Atlassian Corp (NASDAQ:TEAM), the $47.8 billion software company currently trading near InvestingPro’s Fair Value, saw CEO and Co-Founder Michael Cannon-Brookes sell a total of 7,665 shares of Class A Common Stock on September 8, 2025. The sales were executed in multiple transactions with prices ranging from $170.386 to $172.16, netting a total of $1,315,262. The stock has faced headwinds, declining nearly 24% over the past six months despite maintaining impressive gross margins of 83%.
The transactions were executed in three separate blocks. The first sale involved 781 shares at a price of $170.386, with prices ranging from $169.69 to $170.68. The second sale consisted of 3,183 shares at $171.2306, with prices ranging from $170.69 to $171.68. The final transaction involved 3,701 shares sold at $172.16, with prices ranging from $171.71 to $172.66.
Following these transactions, Cannon-Brookes Michael indirectly owns 122,640 shares of Atlassian Corp. The shares are held by CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust. The sale was executed under a Rule 10b5-1 trading plan adopted on February 20, 2025.
In other recent news, Atlassian Corporation reported its Q4 2025 earnings, surpassing expectations with an earnings per share of $0.98, compared to the forecast of $0.81. This represents a 20.99% surprise, highlighting a strong performance in the face of market volatility. In addition to its earnings report, Atlassian announced a $610 million cash deal to acquire The Browser Company of New York, known for its Dia and Arc browsers. This acquisition includes The Browser Company’s cash holdings and is expected to enhance Atlassian’s offerings.
Analyst firms have also weighed in on Atlassian’s recent activities. Cantor Fitzgerald reiterated its Overweight rating with a price target of $240.00, citing opportunities for Atlassian to transition its Data Center customers to its cloud platform. William Blair maintained an Outperform rating, noting that Atlassian trades at a slight discount compared to its large-cap software peers. Raymond James also reiterated an Outperform rating, setting a $250.00 price target following the acquisition announcement. These developments indicate a continued positive outlook from analysts despite recent stock market challenges.
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