Cannon-Brookes Michael, an insider at Atlassian Corp (TEAM), sold 190,075 shares of the company's stock on November 24, 2025, at a price of $147.81 per share, resulting in a total transaction value of $28.09 million. Following this sale, Cannon-Brookes retains 190,075 shares in the company.
Atlassian, headquartered in Sydney, Australia, operates in the technology sector, providing team collaboration and productivity software. The firm, which employs 13,813 people, went public on December 10, 2015. Its primary products include Jira for project management, Confluence for content creation, and Loom for video collaboration.
Insider transactions are reported to the SEC, offering transparency into executive and board member stock activity. While such sales can reflect various personal financial strategies, including diversification and tax planning, they do not inherently indicate negative sentiment toward the company. Investors are advised to consider broader patterns of insider activity across multiple individuals and time periods rather than focusing on isolated transactions.
Atlassian's current market capitalisation stands at $38.6 billion, with a trailing twelve-month EPS of -0.70. The company is scheduled to announce its upcoming earnings on January 30, 2026, with an estimated EPS of $1.17 and revenue of $1.6 billion.