Cannon-Brookes Michael, an insider at Atlassian Corp (TEAM), sold 260,710 shares on November 10, 2025, at a price of $163.54 per share, resulting in a total transaction value of $42.64 million. Following this sale, Cannon-Brookes retains an equal number of shares in the company.
Atlassian Corp, headquartered in Sydney, New South Wales, operates in the technology sector, providing team collaboration and productivity software. The company, which went public on December 10, 2015, has a market capitalization of $41.1 billion and employs 13,813 full-time staff. Its primary offerings include Jira, Confluence, and Loom, among others, aimed at enhancing team connectivity and workflow efficiency.
This insider transaction underscores the transparency required by SEC regulations, allowing investors to observe the trading activities of company executives. While insider selling can be attributed to various personal or financial reasons, such transactions should be considered alongside broader market and company performance metrics. Investors are encouraged to analyze patterns of insider activity over time rather than relying on isolated trades.
Atlassian is set to report its upcoming earnings on January 29, 2026, with an estimated EPS of $1.16 and revenue of $1.6 billion.