Cannon-Brookes Michael, an insider at Atlassian Corp (TEAM), sold 46,490 shares of the company's stock on December 21, 2025. The shares were sold at a price of $164.19 each, resulting in a total transaction value of $7.63 million. Following this sale, Cannon-Brookes retains an equal number of shares in the company.
Atlassian Corp, headquartered in Sydney, Australia, is a holding company that focuses on providing team collaboration and productivity software. The company, which employs 13,813 full-time staff, went public on December 10, 2015. Its primary products include Jira, Confluence, and Jira Service Management, among others. The Atlassian platform serves as a common technology foundation that integrates various tools and workflows, enhancing collaboration and productivity across teams.
Insider transactions must be reported to the SEC, offering transparency regarding how executives view their stock. While such selling activity can be informative, it should not be the sole factor in investment decisions. Investors are encouraged to consider patterns of insider activity across multiple individuals and time periods, as isolated transactions may not fully reflect a company's outlook.
Atlassian's market capitalisation stands at $42.6 billion, with a trailing twelve-month EPS of -0.70. The company is set to announce its next earnings on January 30, 2026, with an estimated EPS of $1.17 and revenue of $1.6 billion.