Cannon-Brookes Michael, an insider at Atlassian Corp (TEAM), sold 68,985 shares of the company's stock on December 16, 2025, at a price of $163.46 per share. The total value of this transaction amounted to $11.28 million. Following this sale, Cannon-Brookes retains 68,985 shares in the company.
Atlassian Corp, headquartered in Sydney, Australia, is a technology holding company that provides team collaboration and productivity software. Its primary products include Jira for project management, Confluence for content creation, and Loom for video messaging. The company employs 13,813 full-time staff and has a market capitalization of $42.8 billion. As of December 18, 2025, Atlassian reported an earnings per share (EPS) of -0.70. The company is set to announce its upcoming earnings on January 30, 2026, with an estimated EPS of $1.17 and revenue expectations of $1.6 billion.
Insider transactions are required to be reported to the SEC, offering transparency into the activities of company executives. While such selling activity can reflect various personal or financial considerations, it is important for investors to view these transactions in context. One individual sale does not necessarily indicate a broader sentiment about the company’s performance. Investors are encouraged to consider patterns of insider activity over time and across multiple insiders to gain a more comprehensive understanding of potential signals.