Cannon-Brookes Michael, an insider at Atlassian Corp (TEAM), sold 151,228 shares of the company's stock on December 2, 2025, at a price of $155.76 per share, totaling $23.56 million. Following this transaction, he retains 151,228 shares in Atlassian.
This sale highlights a common practice among insiders, who may sell shares for various reasons such as diversification, tax planning, or personal financial needs. While large transactions can attract attention, routine sales do not necessarily reflect negative sentiments about the company.
Atlassian Corp, headquartered in Sydney, Australia, operates within the technology sector and specializes in team collaboration and productivity software. The company went public on December 10, 2015, and currently has a market capitalization of $40.0 billion. Its primary products include Jira for project management, Confluence for content sharing, and Loom for video collaboration.
This insider transaction is one of many that investors should consider alongside other fundamental and technical factors. Upcoming earnings are scheduled for January 30, 2026, with an estimated EPS of $1.17 and revenue of $1.6 billion. Monitoring patterns of insider activity across multiple executives can provide additional insights into company performance.