Michael Cannon-Brookes, an insider at Atlassian Corp (TEAM), sold 269,225 shares of the company's stock on November 9, 2025. The shares were sold at a price of $158.61 each, bringing the total transaction value to approximately $42.70 million. Following this sale, Cannon-Brookes retains an equal number of shares in Atlassian Corp.
This transaction highlights the ongoing activity among insiders at Atlassian, a company known for its team collaboration and productivity software. Founded in 2015 and headquartered in Sydney, Australia, Atlassian offers a suite of products including Jira for project management and Confluence for content sharing. The company currently has a market cap of $41.7 billion and an EPS of -0.70.
Insider selling can occur for a variety of reasons, such as diversification, tax planning, or personal financial needs. While significant sales may draw investor attention, they do not inherently suggest negative sentiment towards the company. It's essential for investors to consider insider transactions as part of a broader analysis that includes multiple insiders and time periods.
Atlassian is set to report its upcoming earnings on January 29, 2026, with estimates of $1.16 per share and $1.6 billion in revenue. This context provides additional layers for investors assessing the company's performance and insider activities.