Atlassian Chief Accounting Officer Gene Liu Sells 939 Shares
Key Points
The transaction was valued at $178,410.
The sale represented 2% of the equity position held by the insider prior to the transaction.
The sale suggests routine portfolio management.
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Gene Liu, Chief Accounting Officer at Atlassian(NASDAQ:TEAM), sold 939 shares of Class A common stock on Aug. 28, 2026, according to a recent SEC Form 4 filing.
Transaction summary
| Metric | Value |
|---|---|
| Transaction value | $178,410 |
| Shares sold | 939 |
| Post-transaction shares (directly held) | 55,868 |
| Post-transaction shares (indirectly held) | 120 |
| Post-transaction value | $10.7 million |
Transaction value based on SEC Form 4 weighted average sale price ($190); post-transaction value based on Aug. 28, 2026, market close ($190.42).
Key questions
- How does this transaction align with the insider's established trading schedule?
The disposition was executed automatically under a Rule 10b5-1 trading plan established on Dec. 5, 2025, which allows insiders to diversify their holdings through pre-planned transactions. - What is the context of the insider's remaining equity stake?
Following the sale, Liu retains a total beneficial interest of 55,988 shares, representing an ownership stake of 0.02% of the company's shares outstanding. - What has been the recent performance environment for the security?
The sale occurred after the stock recorded an 8% one-year total return as of the Aug. 28, 2026, transaction date, with the equity valued at approximately $10.7 million based on the market close that same day.
Company Overview
| Metric | Value |
|---|---|
| Share Price (as of market close 2026-08-28) | $190.42 |
| Market Capitalization | $44.9 billion |
| Revenue (TTM) | $6.6 billion |
| Net Income (TTM) | -$53.8 million |
Company Snapshot
- Atlassian develops and distributes a comprehensive portfolio of software solutions, including Jira Software, Jira Work Management, Confluence, and Trello, which serve as the primary revenue drivers across technical and business teams globally.
- The company operates a subscription-based software-as-a-service (SaaS) business model, generating recurring revenue through cloud and server licensing arrangements while maintaining a global distribution network across multiple subsidiaries.
- Atlassian serves enterprise and mid-market customers across the technology, finance, healthcare, and professional services sectors, with particular strength among development teams, project managers, and knowledge workers who require collaboration and project management capabilities.
Atlassian is a leading enterprise software provider with a $44.9 billion market capitalization and $6.6 billion in TTM revenue, positioning it as a significant player in the application software segment. The company's integrated product ecosystem creates substantial switching costs and cross-selling opportunities that drive customer retention and expansion revenue. With 13,301 employees and a presence across global markets, Atlassian maintains competitive advantages through deep product integration, strong developer community engagement, and a proven ability to scale its SaaS platform across diverse customer segments.
What this transaction means for investors
On Aug. 28, Liu sold 939 shares for approximately $178,000. However, while the TEAM stock price is down 2.5% over the past 12 months, this sale isn't an indication of there being anything amiss with Atlassian. The sale was already established under a trading plan created in December 2025, so this wasn't a spur-of-the-moment decision. In addition, while Liu sold 939 shares, the insider still holds nearly 56,000 shares directly and 120 shares indirectly. That demonstrates continued alignment with the company's current and future success.
For what's ahead for Atlassian, analysts generally view the stock favorable. Of the 35 analysts who cover the stock, 83% rate it as a buy, according to CNN. The analysts, however, even with a favorable view, appear to suggest that the upside for the stock price over the next 12 months may be limited. The median one-year price target from the group is $180, representing a gain of just 1.2% from the current price of $177.74. The most bullish price target in the group, $480, represents a 170% gain. And the most bearish price target from the group, $144, represents a loss of nearly 19%.
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Jack Delaney has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Atlassian. The Motley Fool has a disclosure policy.
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