On October 20, 2025, Atlassian CEO Michael Cannon-Brookes sold 7,665 shares for $1,205,551.20, marking a 2% decrease in his ownership[2]. This follows a series of similar sales throughout October, but no indication is given that these transactions are related to material company developments. Several analysts, including KeyBanc, have recently lowered their price targets for TEAM, with KeyBanc trimming its target from $250 to $210 while maintaining an Overweight rating[3][4]. The stock closed at $167.89 on October 22, 2025, down 0.49%, and is trading at $167.55 pre-market, reflecting modest movement in line with broader market sentiment. No major company-specific news or earnings announcements have been reported for Atlassian on October 23, 2025. The stock’s recent performance appears driven by analyst revisions and general market conditions rather than significant internal events.