Cannon-Brookes Michael, an insider at Atlassian Corp (TEAM), sold 110,696 shares of the company on December 9, 2025, at a price of $161.70 per share, totaling $17.90 million. Following this transaction, he retains the same number of shares in the company.
Atlassian, headquartered in Sydney, Australia, is a leading provider of team collaboration and productivity software. The company, which went public on December 10, 2015, has a market capitalization of $42.7 billion and employs 13,813 full-time staff. Its primary products include Jira, Confluence, and Loom, which facilitate project management, content sharing, and video collaboration, respectively.
Insider selling can occur for various reasons, including personal financial needs and tax planning. While significant sales may attract attention, they do not inherently signal negative sentiment about the company. Investors should consider such transactions as one piece of a broader picture, looking at patterns across multiple insiders and time periods.
Transparency in insider transactions is mandated by the SEC, providing insights into how executives perceive their stock. Upcoming earnings for Atlassian are scheduled for January 30, 2026, with an estimated EPS of $1.17 and revenue of $1.6 billion. Investors are encouraged to analyze insider activity alongside other fundamental and technical indicators to gain a comprehensive view of the company's health.