CEO, Co-Founder Cannon-Brookes Michael sale 7,665 shares of Atlassian Corporation [TEAM]

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Atlassian Corporation shares valued at $1,274,675 were sold by Cannon-Brookes Michael on Aug 20 ’25. At $166.30 per share, Cannon-Brookes Michael sold 7,665 shares. The insider’s holdings dropped to 214,620 shares worth approximately $35.32 million following the completion of this transaction.

Also, Farquhar Scott sold 7,665 shares, netting a total of over 1,274,676 in proceeds. Following the sale of shares at $166.30 each, the insider now holds 214,620 shares.

Before that, RAJAN RAJEEV BASHYAM had sold 3,026 shares from its account. In a trade valued at $504,214, the Chief Technology Officer traded Atlassian Corporation shares for $166.63 each. Upon closing the transaction, the insider’s holdings decreased to 3,026 shares, worth approximately $23.19 million.

As published in a research note from BMO Capital Markets on August 08, 2025, Atlassian Corporation [TEAM] has been retained to an Outperform and the price target has been revised to $200. Analysts at CapitalOne downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in mid July. As of May 02, 2025, BMO Capital Markets has reiterated its “an Outperform” rating for TEAM. Earlier on April 14, 2025, Robert W. Baird upgraded its rating. Their new recommendation was “an Outperform” for TEAM stock which previously was a “a Neutral”.

Analyzing TEAM Stock Performance

On last trading session, Atlassian Corporation [NASDAQ: TEAM] plunged -1.18% to $164.59. The stock’s lowest price that day was $162.94, but it reached a high of $165.775 in the same session. During the last five days, there has been a surge of approximately 0.12%. Over the course of the year, Atlassian Corporation shares have jumped approximately 3.52%. Shares of the company reached a 52-week high of $326.00 on 02/10/25 and a 52-week low of $156.69 on 08/13/25.

Support And Resistance Levels for Atlassian Corporation (TEAM)

According to the 24-hour chart, there is a support level at 163.10, which, if violated, would cause prices to drop to 161.60. In the upper region, resistance lies at 165.93. The next price resistance is at 167.27. RSI (Relative Strength Index) is 34.01 on the 14-day chart, showing neutral technical sentiment.

Is Atlassian Corporation subject to short interest?

Stocks of Atlassian Corporation saw a sharp steep in short interest on 2025-07-31 dropping by -1.38 million shares to 4.88 million. Data from Yahoo Finance shows that the short interest on 2025-06-30 was 6.26 million shares. A decline of -28.18% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.45 of the overall float, the days-to-cover ratio (short ratio) decline to 2.45.

Which companies own the most shares of Atlassian Corporation (TEAM)?

In terms of Atlassian Corporation share price expectations, FactSet research, analysts set an average price target of 250 in the next 12 months, up nearly 50.11% from the previous closing price of $166.55. Analysts anticipate Atlassian Corporation stock to reach 320 by 2025, with the lowest price target being 211. In spite of this, 15 analysts ranked Atlassian Corporation stock as Buy at the end of 2025. On April 10, 2025, Macquarie assigned a price target of “an Outperform” to the stock and upgraded coverage with a $270.

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