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Key Takeaways
- Atlassian shares tumbled 9% Thursday as a regulatory filing revealed CEO Mike Cannon-Brookes sold over $1.6 million of company stock earlier in the week.
- Cannon-Brookes sold 7,665 shares in a series of transactions Tuesday, adding to a string of sales the CEO has made this month.
- Atlassian shares have lost almost a fifth of their value this year through Thursday’s close.
Atlassian (TEAM) shares plunged 9% Thursday as a regulatory filing revealed the company’s CEO sold over $1.6 million of company stock earlier in the week.
CEO Mike Cannon-Brookes sold 7,665 shares in a series of transactions Tuesday at prices ranging from $216.68 to $219.94, the filing showed. Co-founder and former CEO Scott Farquhar also sold 7,665 shares, according to another filing.
The latest moves come after a series of stock sales by Cannon-Brookes and Farquhar earlier this month.
With Thursday’s losses, Atlassian shares have fallen about 18% in 2025 so far, while the S&P 500 is up close to 7% over the same period.
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