Cannon-Brookes Michael, an insider at Atlassian Corp (TEAM), executed a sale of 39,491 shares on December 22, 2025, at a price of $161.02 per share, resulting in a total transaction value of $6.36 million. Following this transaction, Cannon-Brookes retains 39,491 shares of the company.
Atlassian Corp, headquartered in Sydney, Australia, specializes in team collaboration and productivity software. The company has a market capitalization of $43.4 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. The company went public on December 10, 2015.
Insider transactions such as this one are reported to the SEC, providing transparency into the actions of company executives. While insider selling may occur for reasons such as diversification or personal financial needs, it is important for investors to consider these transactions in the context of broader insider activity and market conditions.
Atlassian is scheduled to report its upcoming earnings on January 30, 2026, with an estimated EPS of $1.17 and revenue of $1.6 billion.