Atlassian (TEAM)
Market Price (10/7/2026): $195.765 | Market Cap: $49.5 BilSector: Information Technology | Industry: Application Software
Atlassian (TEAM)
Market Price (10/7/2026): $195.765Market Cap: $49.5 BilSector: Information TechnologyIndustry: Application Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 20% Stock buyback supportStock Buyback 3Y Total is 3.0 Bil Megatrend and thematic driversMegatrends include Cloud Computing, Automation & Robotics, and Artificial Intelligence. Themes include Software as a Service (SaaS), Show more. | Trading close to highsDist 52W High is -1.4% Weak multi-year price returns2Y Excs Rtn is -17%, 3Y Excs Rtn is -86% | Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 686x Stock price has recently run up significantly6M Rtn6 month market price return is 199% Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 24% Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 159% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.9% Key risksTEAM key risks include [1] intense competition from major enterprise software players targeting its core markets and [2] specific cloud service reliability failures, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 20% |
| Stock buyback supportStock Buyback 3Y Total is 3.0 Bil |
| Megatrend and thematic driversMegatrends include Cloud Computing, Automation & Robotics, and Artificial Intelligence. Themes include Software as a Service (SaaS), Show more. |
| Trading close to highsDist 52W High is -1.4% |
| Weak multi-year price returns2Y Excs Rtn is -17%, 3Y Excs Rtn is -86% |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 686x |
| Stock price has recently run up significantly6M Rtn6 month market price return is 199% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 24% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 159% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.9% |
| Key risksTEAM key risks include [1] intense competition from major enterprise software players targeting its core markets and [2] specific cloud service reliability failures, Show more. |
Qualitative Assessment
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Atlassian (TEAM) stock has gained about 150% since 6/30/2026 because of the following key factors:
1. Strong Fiscal Q4 2026 Earnings Beat and Upbeat Guidance. Atlassian reported exceptionally strong financial results for its fiscal Q4 2026, which ended on June 30, 2026, with the announcement made on August 6, 2026. The company significantly exceeded analyst expectations, posting an adjusted earnings per share (EPS) of $1.87, which beat the consensus estimate of $1.50 by 24.67%. Revenue also surpassed forecasts, reaching $1.77 billion against an estimated $1.66 billion, representing a 28% year-over-year growth. Cloud revenue accelerated to 31% year-over-year, hitting $1.2 billion, and remaining performance obligations (RPO) surged 44% year-over-year to $4.8 billion. Furthermore, Atlassian achieved a GAAP operating margin of 12% in fiscal Q4 2026, marking a significant swing to GAAP profitability. This robust performance and positive outlook led to the stock experiencing a notable surge of 35% in after-hours trading following the earnings release.
2. Accelerated Cloud Transition and Growth. Atlassian's strategic emphasis on its cloud platform continued to yield robust results, with cloud revenue accelerating to a 31% year-over-year growth rate in fiscal Q4 2026. This acceleration was underpinned by the company's ongoing strategy to migrate its Data Center clients to the cloud, a long-term initiative with the Data Center end-of-life scheduled for March 2029. Investor confidence was further bolstered by the strong adoption of cloud services and the planned monetization strategy, which included new usage-based and cloud pricing increases set to take effect on October 13, 2026.
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Atlassian (TEAM) stock has gained about 150% since 6/30/2026 because of the following key factors:
1. Strong Fiscal Q4 2026 Earnings Beat and Upbeat Guidance. Atlassian reported exceptionally strong financial results for its fiscal Q4 2026, which ended on June 30, 2026, with the announcement made on August 6, 2026. The company significantly exceeded analyst expectations, posting an adjusted earnings per share (EPS) of $1.87, which beat the consensus estimate of $1.50 by 24.67%. Revenue also surpassed forecasts, reaching $1.77 billion against an estimated $1.66 billion, representing a 28% year-over-year growth. Cloud revenue accelerated to 31% year-over-year, hitting $1.2 billion, and remaining performance obligations (RPO) surged 44% year-over-year to $4.8 billion. Furthermore, Atlassian achieved a GAAP operating margin of 12% in fiscal Q4 2026, marking a significant swing to GAAP profitability. This robust performance and positive outlook led to the stock experiencing a notable surge of 35% in after-hours trading following the earnings release.
2. Accelerated Cloud Transition and Growth. Atlassian's strategic emphasis on its cloud platform continued to yield robust results, with cloud revenue accelerating to a 31% year-over-year growth rate in fiscal Q4 2026. This acceleration was underpinned by the company's ongoing strategy to migrate its Data Center clients to the cloud, a long-term initiative with the Data Center end-of-life scheduled for March 2029. Investor confidence was further bolstered by the strong adoption of cloud services and the planned monetization strategy, which included new usage-based and cloud pricing increases set to take effect on October 13, 2026.
3. Strong AI Integration and Product Innovation. Atlassian demonstrated significant progress in integrating AI-powered capabilities across its product suite, positioning itself as a key beneficiary in the AI landscape. The Jira Summer 2026 release, which rolled out by the end of August 2026, introduced new proactive AI agents and notably enhanced performance, with Jira work items loading 57% faster. The company also made its Teamwork Graph CLI generally available during this period. Adoption of Atlassian's AI offerings, such as Rovo, expanded, with over 80% of Fortune 500 companies reportedly utilizing it. These innovations and strategic AI developments garnered external recognition, as Gartner named Atlassian a Leader in its inaugural Magic Quadrant for Developer Productivity Insight Platforms in June 2026.
4. Positive Analyst Sentiment and Price Target Upgrades. Following the impressive fiscal Q4 2026 results and strategic advancements in cloud and AI, numerous analysts upgraded Atlassian's stock and significantly raised their price targets. For example, BofA Securities upgraded the stock to a 'Buy' rating with a $175 price target, identifying Atlassian as an "AI beneficiary." Other prominent firms, including Citi, BofA, and BTIG, also substantially increased their price targets, with some reaching up to $230, indicating strong market conviction in the company's trajectory. By mid-August 2026, a consensus "Moderate Buy" rating was established among analysts, with an average price target of $176.27.
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Stock Movement Drivers
Fundamental Drivers
The 149.4% change in TEAM stock from 6/30/2026 to 10/6/2026 was primarily driven by a 127.5% change in the company's P/S Multiple.| (LTM values as of) | 6302026 | 10062026 | Change |
|---|---|---|---|
| Stock Price ($) | 77.79 | 193.98 | 149.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6,190 | 6,572 | 6.2% |
| P/S Multiple | 3.3 | 7.5 | 127.5% |
| Shares Outstanding (Mil) | 261 | 253 | 3.2% |
| Cumulative Contribution | 149.4% |
Market Drivers
6/30/2026 to 10/6/2026| Return | Correlation | |
|---|---|---|
| TEAM | 149.4% | |
| Market (SPY) | 4.3% | 15.0% |
| Sector (XLK) | 6.0% | -4.9% |
Fundamental Drivers
The 184.2% change in TEAM stock from 3/31/2026 to 10/6/2026 was primarily driven by a 138.7% change in the company's P/S Multiple.| (LTM values as of) | 3312026 | 10062026 | Change |
|---|---|---|---|
| Stock Price ($) | 68.25 | 193.98 | 184.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,760 | 6,572 | 14.1% |
| P/S Multiple | 3.1 | 7.5 | 138.7% |
| Shares Outstanding (Mil) | 264 | 253 | 4.3% |
| Cumulative Contribution | 184.2% |
Market Drivers
3/31/2026 to 10/6/2026| Return | Correlation | |
|---|---|---|
| TEAM | 184.2% | |
| Market (SPY) | 20.1% | 8.2% |
| Sector (XLK) | 52.2% | 4.0% |
Fundamental Drivers
The 21.5% change in TEAM stock from 9/30/2025 to 10/6/2026 was primarily driven by a 26.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 9302025 | 10062026 | Change |
|---|---|---|---|
| Stock Price ($) | 159.70 | 193.98 | 21.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,215 | 6,572 | 26.0% |
| P/S Multiple | 8.0 | 7.5 | -7.3% |
| Shares Outstanding (Mil) | 263 | 253 | 4.0% |
| Cumulative Contribution | 21.5% |
Market Drivers
9/30/2025 to 10/6/2026| Return | Correlation | |
|---|---|---|
| TEAM | 21.5% | |
| Market (SPY) | 17.9% | 12.9% |
| Sector (XLK) | 43.9% | 9.9% |
Fundamental Drivers
The -3.7% change in TEAM stock from 9/30/2023 to 10/6/2026 was primarily driven by a -49.1% change in the company's P/S Multiple.| (LTM values as of) | 9302023 | 10062026 | Change |
|---|---|---|---|
| Stock Price ($) | 201.51 | 193.98 | -3.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,535 | 6,572 | 85.9% |
| P/S Multiple | 14.7 | 7.5 | -49.1% |
| Shares Outstanding (Mil) | 257 | 253 | 1.8% |
| Cumulative Contribution | -3.7% |
Market Drivers
9/30/2023 to 10/6/2026| Return | Correlation | |
|---|---|---|
| TEAM | -3.7% | |
| Market (SPY) | 88.5% | 32.6% |
| Sector (XLK) | 150.8% | 28.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| TEAM Return | 63% | -66% | 85% | 2% | -33% | 21% | -16% |
| Peers Return | 44% | -49% | 63% | 17% | -20% | -2% | 10% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 14% | 107% |
Monthly Win Rates [3] | |||||||
| TEAM Win Rate | 67% | 25% | 67% | 33% | 33% | 50% | |
| Peers Win Rate | 57% | 27% | 57% | 62% | 38% | 48% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| TEAM Max Drawdown | -25% | -69% | -31% | -47% | -55% | -65% | |
| Peers Max Drawdown | -27% | -56% | -27% | -32% | -39% | -45% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: NOW, MSFT, ASAN, GTLB, CRM.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/6/2026 (YTD)
How Low Can It Go
| Event | TEAM | S&P 500 |
|---|---|---|
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -21.2% | -7.8% |
| % Gain to Breakeven | 27.0% | 8.5% |
| Time to Breakeven | 63 days | 18 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -25.9% | -6.7% |
| % Gain to Breakeven | 35.0% | 7.1% |
| Time to Breakeven | 23 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -20.7% | -33.7% |
| % Gain to Breakeven | 26.1% | 50.9% |
| Time to Breakeven | 32 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -27.8% | -19.2% |
| % Gain to Breakeven | 38.4% | 23.8% |
| Time to Breakeven | 76 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -19.8% | -3.7% |
| % Gain to Breakeven | 24.7% | 3.9% |
| Time to Breakeven | 61 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -35.5% | -12.2% |
| % Gain to Breakeven | 55.0% | 13.9% |
| Time to Breakeven | 163 days | 62 days |
In The Past
Atlassian's stock fell -21.2% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 27.0% gain to breakeven.
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Asset Allocation
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| Event | TEAM | S&P 500 |
|---|---|---|
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -21.2% | -7.8% |
| % Gain to Breakeven | 27.0% | 8.5% |
| Time to Breakeven | 63 days | 18 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -25.9% | -6.7% |
| % Gain to Breakeven | 35.0% | 7.1% |
| Time to Breakeven | 23 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -20.7% | -33.7% |
| % Gain to Breakeven | 26.1% | 50.9% |
| Time to Breakeven | 32 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -27.8% | -19.2% |
| % Gain to Breakeven | 38.4% | 23.8% |
| Time to Breakeven | 76 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -35.5% | -12.2% |
| % Gain to Breakeven | 55.0% | 13.9% |
| Time to Breakeven | 163 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -35.5% | -6.8% |
| % Gain to Breakeven | 55.0% | 7.3% |
| Time to Breakeven | 163 days | 15 days |
In The Past
Atlassian's stock fell -21.2% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 27.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Atlassian (TEAM)
Atlassian Corporation Plc is a global software company specializing in designing, developing, licensing, and maintaining a comprehensive suite of products. The company's primary focus is on enhancing team collaboration, workflow management, and software development processes. Atlassian's mission is to empower teams worldwide to effectively plan, track, collaborate on, and manage their work and projects, facilitating improved productivity and communication across various organizational functions.
The company offers a robust portfolio of widely used software tools. Prominent products include Jira, a versatile workflow management system for tracking tasks and projects across teams; Jira Service Management, a dedicated service desk solution for IT, HR, and legal departments; and Trello, a visual collaboration product designed for organizing tasks and managing projects. For content creation and shared workspaces, Atlassian provides Confluence. Additionally, it supports software development with Bitbucket for code sharing and management, Opsgenie for centralized incident management and alerting, and Statuspage for transparent incident communication.
Atlassian's extensive product line serves a broad and diverse customer base globally. Its solutions are adopted by a wide range of teams within organizations, including software development, IT operations, HR, legal, and general project management teams. By providing tools that cater to agile planning, project oversight, and seamless communication, Atlassian enables organizations of all sizes—from small teams to large enterprises—to streamline their operations and foster more efficient, collaborative work environments.
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The Microsoft 365 for teams focused on project management, collaboration, and software development.
Imagine GitHub for software developers, but expanded to include powerful project management and team collaboration tools for everyone.
The Salesforce for internal team operations, project management, and software development.
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- JIRA: A workflow management system enabling teams to plan, track, collaborate, and manage work and projects.
- Jira Service Management: A service desk product for creating and managing service experiences for various service team providers, including IT, legal, and HR teams.
- Jira Align: An enterprise agile planning tool designed for large-scale agile transformations.
- Opsgenie: An incident management tool that centralizes alerts and notifies the right people at the right time.
- Statuspage: A platform used for incident communication, keeping stakeholders informed during service disruptions.
- Confluence: A remote-friendly team workspace for building, organizing, and collaborating on content virtually.
- Trello: A collaboration product that helps teams manage projects, organize tasks, and build team spirit.
- Bitbucket: A code sharing and management platform primarily used by development teams.
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- Amazon.com, Inc. (AMZN)
- Alphabet Inc. (GOOGL)
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Mike Cannon-Brookes, CEO & Co-Founder
Mike Cannon-Brookes co-founded Atlassian with Scott Farquhar in 2002, funding the company with credit cards shortly after graduating from university. The company was bootstrapped, relying on organic growth and reinvestment of profits rather than initial venture capital investment. He is also involved in several other business ventures, including a significant investment in the Sun Cable project, which aims to build a solar and battery farm, and holds a minority stake in the NBA's Utah Jazz. Cannon-Brookes serves as an adjunct professor at the University of New South Wales' School of Computer Science and Engineering and is the chairman of Blackbird Ventures, a venture capital firm. He also formed a climate fund called Boundless Earth in 2022. He was recognized as the Australian IT Professional of the Year in 2004 and, alongside Scott Farquhar, as the Australian Entrepreneur of the Year in 2006.
Joe Binz, Chief Financial Officer
Joe Binz joined Atlassian as Chief Financial Officer in September 2022, overseeing the company's Accounting, Finance, Internal Audit, Investor Relations, Tax, and Treasury teams. He brings over 25 years of finance leadership and experience in the technology industry. Prior to joining Atlassian, Binz was Microsoft's Corporate Vice President, Finance, where he was responsible for financial planning and analysis, investor relations, acquisition integration, and procurement functions. His career also includes significant roles at Intel Corporation and KPMG Peat Marwick.
Brian Duffy, Chief Revenue Officer
Brian Duffy will join Atlassian as Chief Revenue Officer, effective January 1, 2025. He has over 20 years of experience in the technology industry. Previously, Duffy spent 18 years at SAP, where his most recent role was President of Cloud. In this role, he launched, built, and scaled the strategic initiative 'RISE with SAP,' transforming it into a multi-billion dollar business within two years by helping customers transition to the cloud. Following his time at SAP, Brian served as CEO of SoftwareOne, where he positioned the company for its next phase of growth. He has extensive international experience from living and working in the United States, Europe, China, and Japan.
Rajeev Rajan, Chief Technology Officer
Rajeev Rajan joined Atlassian as Chief Technology Officer in May 2022. He is responsible for Atlassian Engineering, IT, Security and Trust, and the Engineering Operations teams, focusing on the company's cloud transformation, Developer Platform, and Product lines. Rajan's background includes senior roles at Facebook and Microsoft. He holds advanced degrees in Computer Science.
Anu Bharadwaj, President
Anu Bharadwaj is the President at Atlassian, responsible for overseeing the company's strategic initiatives and ensuring operational excellence. Her key skills encompass product management, strategic planning, and leadership, which contribute to Atlassian's growth and innovation. Bharadwaj has a rich background that includes roles such as Chief Operating Officer and VP of Product at Atlassian, and has held various leadership positions at Microsoft and other tech companies.
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The emergence of "Work OS" platforms such as Notion, ClickUp, and Monday.com, which offer highly flexible, all-in-one workspaces capable of consolidating functions traditionally spread across multiple Atlassian products like Confluence (for content and wikis), Trello (for task management), and even some project tracking aspects of Jira for non-technical teams. These platforms often provide a more unified user experience, extensive customization, and increasingly sophisticated AI capabilities, directly challenging Atlassian's strategy of providing distinct, albeit integrated, tools.
The rise of fully integrated DevOps platforms like GitLab, which consolidate the entire software development lifecycle—including source code management (competing with Bitbucket), CI/CD (competing with Bamboo), issue tracking (competing with Jira), and other developer services—into a single application. This unified approach provides a compelling alternative for development teams seeking to simplify and streamline their toolchains, potentially displacing Atlassian's suite of specialized developer tools.
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Atlassian (TEAM) is expected to drive future revenue growth over the next 2-3 years through several key initiatives:
- Cloud Migration: A significant driver of revenue growth is the ongoing migration of customers from Atlassian's legacy Data Center products to its cloud solutions. This transition has led to raised cloud revenue guidance and continues to show robust momentum. Management has noted strong migration performance and outperformance in cloud revenue, indicating continued customer adoption of cloud solutions.
- Enterprise Customer Expansion: Atlassian is experiencing strong execution from its enterprise sales and partner teams, resulting in a record number of deals exceeding $1 million in annual contract value. The company is focused on increasing its strategic value within existing enterprise accounts and expanding its large customer base, which now exceeds 300,000 customers.
- Artificial Intelligence (AI) Integration and Offerings: Heavy investment in AI and its integration across Atlassian's platform are identified as significant tailwinds for the company. Atlassian has seen rapid adoption of its AI capabilities, with millions of monthly active users, and is delivering new AI-driven innovations like "Rovo" and "Agents in Jira."
- Product-led Growth and Platform Expansion: Atlassian's core strategy of product-led growth and expanding its platform ecosystem, including new product launches and continued development of existing products (Jira, Confluence, Trello, Bitbucket), will contribute to revenue growth. The recently introduced "Teamwork collection" has shown strong momentum and is exceeding expectations.
- International Expansion: The company's international revenue streams, particularly from the EMEA and Asia Pacific regions, are expected to continue growing. These markets contribute a substantial portion to Atlassian's total revenue, with analysts projecting further increases in these segments.
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1. Share Repurchases
- In October 2025, Atlassian authorized a new share buyback program of up to $2.5 billion, which is set to follow a previous $1.5 billion initiative launched in September 2024.
- The company repurchased $779.439 million in shares in 2025, $395.256 million in 2024, and $150.006 million in 2023.
2. Share Issuance
- Atlassian's shares outstanding have shown slight annual increases, reaching 0.262 billion in 2025 (a 1.02% increase from 2024), 0.259 billion in 2024 (a 1.1% increase from 2023), and 0.256 billion in 2023 (a 1.18% increase from 2022).
- Share-based compensation amounted to $1.9 billion in fiscal year 2025.
4. Outbound Investments
- Atlassian completed the acquisition of DX, an engineering intelligence company, in November 2025 for approximately $1 billion in cash and restricted stock to enhance its AI investments and developer experience insights.
- In December 2025, Atlassian acquired Secoda, a provider of an AI platform for data and analytics solutions.
- The company also acquired The Browser Company for $610 million in October 2025.
5. Capital Expenditures
- Capital expenditures for the trailing twelve months leading up to February 2026 were reported as "negligible" at $52.7 million.
- The primary focus of investments, which includes capital expenditures, has been on enhancing AI capabilities, enterprise sales, cloud platform infrastructure, and overall enterprise-grade capabilities for its System of Work.
Peer Outperformance in Application Software
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| TEAM | Atlassian | 23.0% | -911.1x | 29.2% | -2.6% | -50.6% | — |
| FROG | JFrog | 24.3% | -272.3x | 103.3% | 296.6% | 197.0% | +248pp |
| SNPS | Synopsys | 26.2% | 89.9x | 5.6% | 6.7% | 69.3% | +120pp |
| APPF | AppFolio | 25.3% | 45.7x | -16.5% | 5.1% | 59.0% | +110pp |
| YOU | Clear Secure | 24.0% | 28.3x | 36.1% | 172.1% | 12.4% | +63pp |
| DT | Dynatrace | 19.6% | 117.9x | 24.2% | 26.3% | -15.0% | +36pp |
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Electronic Manufacturing Services | 9 | 58.0% | 192.2% | 380.9% | TTMI 911% · FLEX 788% · SANM 472% |
| Semiconductor Materials & Equipment | 27 | 88.5% | 113.4% | 129.1% | AXTI 947% · LRCX 532% · KLAC 528% |
| Technology Distributors | 9 | 44.2% | 91.7% | 105.0% | CLMB 420% · AVT 230% · SNX 180% |
| Electronic Components | 26 | 37.7% | 79.8% | 76.0% | CLS 4129% · BELFA 1425% · COHR 488% |
| Communications Equipment | 36 | 3.5% | 95.1% | 72.7% | AAOI 1786% · LITE 1236% · FEIM 982% |
| Semiconductors | 55 | 25.0% | 64.1% | 38.2% | POET 1793% · MU 1418% · NVDA 1040% |
| Technology Hardware, Storage & Peripherals | 20 | 20.5% | 121.1% | 35.2% | DELL 1072% · SMCI 1065% · STX 1035% |
| Internet Services & Infrastructure | 6 | -9.4% | 39.9% | 22.4% | DOCN 54% · VRSN 42% · GDDY 40% |
| Electronic Equipment & Instruments | 26 | -18.6% | 32.7% | -3.4% | PI 236% · KEYS 138% · VPG 119% |
| IT Consulting & Other Services | 28 | -23.1% | -8.4% | -19.4% | CHRN 507268% · APLD 922% · TSSI 845% |
| Application Software ← | 125 | -27.5% | -15.3% | -44.5% | VIDA 1509900% · INLX 4618% · PLTR 709% |
| Systems Software | 70 | -16.0% | 27.0% | -52.2% | QNC 616% · PAYS 434% · PANW 410% |
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Peer Comparisons
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Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 167.77 |
| Mkt Cap | 29.3 |
| Rev LTM | 10,652 |
| Op Inc LTM | 845 |
| FCF LTM | 2,945 |
| FCF 3Y Avg | 2,596 |
| CFO LTM | 3,331 |
| CFO 3Y Avg | 3,024 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 20.0% |
| Rev Chg 3Y Avg | 19.3% |
| Rev Chg Q | 19.5% |
| QoQ Delta Rev Chg LTM | 4.6% |
| Op Inc Chg LTM | 16.8% |
| Op Inc Chg 3Y Avg | 28.0% |
| Op Mgn LTM | 5.8% |
| Op Mgn 3Y Avg | 5.1% |
| QoQ Delta Op Mgn LTM | -0.2% |
| CFO/Rev LTM | 28.5% |
| CFO/Rev 3Y Avg | 30.7% |
| FCF/Rev LTM | 20.2% |
| FCF/Rev 3Y Avg | 25.9% |
Price Behavior
| Market Price | $193.98 | |
| Market Cap ($ Bil) | 49.0 | |
| First Trading Date | 12/10/2015 | |
| Distance from 52W High | -1.4% | |
| 50 Days | 200 Days | |
| DMA Price | $167.77 | $112.82 |
| DMA Trend | up | up |
| Distance from DMA | 15.6% | 71.9% |
| 3M | 1YR | |
| Volatility | 95.2% | 78.5% |
| Downside Capture | 33.07 | 110.84 |
| Upside Capture | 430.87 | 120.41 |
| Correlation (SPY) | 16.5% | 13.3% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.25 | 3.07 | 1.35 | 0.63 | 0.76 | 1.29 |
| Up Beta | 3.69 | 0.79 | -1.44 | -1.21 | 0.04 | 1.15 |
| Down Beta | 0.67 | 0.36 | -0.51 | 0.53 | 0.52 | 1.52 |
| Up Capture | 82% | 708% | 584% | 278% | 103% | 124% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 11 | 25 | 40 | 65 | 121 | 366 |
| Down Capture | 162% | 68% | -39% | 4% | 108% | 108% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 11 | 17 | 24 | 61 | 131 | 385 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TEAM | |
|---|---|---|---|---|
| TEAM | 29.0% | 78.3% | 0.63 | - |
| Sector ETF (XLK) | 42.7% | 26.5% | 1.31 | 10.2% |
| Equity (SPY) | 17.5% | 13.0% | 0.96 | 13.1% |
| Gold (GLD) | 6.9% | 29.6% | 0.23 | -2.2% |
| Commodities (DBC) | 46.1% | 20.8% | 1.71 | -8.1% |
| Real Estate (VNQ) | 2.1% | 13.7% | -0.10 | -1.7% |
| Bitcoin (BTCUSD) | -29.8% | 44.3% | -0.67 | 12.9% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TEAM | |
|---|---|---|---|---|
| TEAM | -13.4% | 63.7% | 0.03 | - |
| Sector ETF (XLK) | 22.7% | 25.9% | 0.77 | 43.9% |
| Equity (SPY) | 13.9% | 17.1% | 0.62 | 45.6% |
| Gold (GLD) | 18.7% | 18.9% | 0.80 | 2.1% |
| Commodities (DBC) | 10.3% | 19.5% | 0.40 | 4.2% |
| Real Estate (VNQ) | 1.2% | 18.8% | -0.04 | 32.4% |
| Bitcoin (BTCUSD) | 16.0% | 52.2% | 0.47 | 24.2% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TEAM | |
|---|---|---|---|---|
| TEAM | 20.0% | 53.8% | 0.55 | - |
| Sector ETF (XLK) | 25.2% | 25.0% | 0.91 | 44.9% |
| Equity (SPY) | 15.6% | 17.9% | 0.74 | 41.3% |
| Gold (GLD) | 11.6% | 16.4% | 0.58 | 3.4% |
| Commodities (DBC) | 8.3% | 18.1% | 0.37 | 6.1% |
| Real Estate (VNQ) | 4.2% | 20.7% | 0.16 | 26.1% |
| Bitcoin (BTCUSD) | 64.1% | 66.2% | 1.04 | 15.5% |
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Returns Analyses
Earnings Returns History
Updated 9/9/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/6/2026 | 35.3% | 50.7% | 72.1% |
| 4/30/2026 | 29.6% | 34.7% | 69.0% |
| 2/5/2026 | -3.7% | -12.1% | -16.6% |
| 10/30/2025 | 5.4% | -2.8% | -4.2% |
| 8/7/2025 | -1.7% | -3.9% | 1.0% |
| 5/1/2025 | -9.0% | -9.1% | -10.2% |
| 1/30/2025 | 14.9% | 19.5% | 2.7% |
| 10/31/2024 | 19.0% | 24.1% | 41.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 6 | 5 | 8 |
| # Negative | 10 | 11 | 8 |
| Median Positive | 18.1% | 24.1% | 21.3% |
| Median Negative | -9.3% | -9.1% | -12.6% |
| Max Positive | 35.3% | 50.7% | 72.1% |
| Max Negative | -29.0% | -19.9% | -23.3% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/6/2026 | 35.3% | 50.7% | 72.1% |
| 4/30/2026 | 29.6% | 34.7% | 69.0% |
| 2/5/2026 | -3.7% | -12.1% | -16.6% |
| 10/30/2025 | 5.4% | -2.8% | -4.2% |
| 8/7/2025 | -1.7% | -3.9% | 1.0% |
| 5/1/2025 | -9.0% | -9.1% | -10.2% |
| 1/30/2025 | 14.9% | 19.5% | 2.7% |
| 10/31/2024 | 19.0% | 24.1% | 41.0% |
| 8/1/2024 | -17.1% | -19.9% | -4.4% |
| 4/25/2024 | -9.6% | -7.5% | -14.9% |
| 2/1/2024 | -14.7% | -16.7% | -18.6% |
| 11/2/2023 | -2.5% | -5.8% | 7.2% |
| 8/3/2023 | 17.2% | 16.4% | 20.5% |
| 5/4/2023 | -9.5% | -9.6% | 22.1% |
| 2/2/2023 | -7.2% | -6.2% | -3.4% |
| 11/3/2022 | -29.0% | -19.1% | -23.3% |
| SUMMARY STATS | |||
| # Positive | 6 | 5 | 8 |
| # Negative | 10 | 11 | 8 |
| Median Positive | 18.1% | 24.1% | 21.3% |
| Median Negative | -9.3% | -9.1% | -12.6% |
| Max Positive | 35.3% | 50.7% | 72.1% |
| Max Negative | -29.0% | -19.9% | -23.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/14/2026 | 10-K |
| 03/31/2026 | 05/01/2026 | 10-Q |
| 12/31/2025 | 02/06/2026 | 10-Q |
| 09/30/2025 | 10/31/2025 | 10-Q |
| 06/30/2025 | 08/15/2025 | 10-K |
| 03/31/2025 | 05/02/2025 | 10-Q |
| 12/31/2024 | 01/31/2025 | 10-Q |
| 09/30/2024 | 11/01/2024 | 10-Q |
| 06/30/2024 | 08/16/2024 | 10-K |
| 03/31/2024 | 04/26/2024 | 10-Q |
| 12/31/2023 | 02/02/2024 | 10-Q |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/18/2023 | 10-K |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 02/03/2023 | 10-Q |
| 09/30/2022 | 11/04/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/14/2026 | 10-K |
| 03/31/2026 | 05/01/2026 | 10-Q |
| 12/31/2025 | 02/06/2026 | 10-Q |
| 09/30/2025 | 10/31/2025 | 10-Q |
| 06/30/2025 | 08/15/2025 | 10-K |
| 03/31/2025 | 05/02/2025 | 10-Q |
| 12/31/2024 | 01/31/2025 | 10-Q |
| 09/30/2024 | 11/01/2024 | 10-Q |
| 06/30/2024 | 08/16/2024 | 10-K |
| 03/31/2024 | 04/26/2024 | 10-Q |
| 12/31/2023 | 02/02/2024 | 10-Q |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/18/2023 | 10-K |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 02/03/2023 | 10-Q |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/19/2022 | 20-F |
| 03/31/2022 | 04/29/2022 | 6-K |
| 12/31/2021 | 01/28/2022 | 6-K |
| 09/30/2021 | 10/29/2021 | 6-K |
| 06/30/2021 | 08/13/2021 | 20-F |
| 03/31/2021 | 04/30/2021 | 6-K |
| 12/31/2020 | 01/29/2021 | 6-K |
| 09/30/2020 | 11/03/2020 | 6-K |
| 06/30/2020 | 08/14/2020 | 20-F |
| 03/31/2020 | 05/01/2020 | 6-K |
| 12/31/2019 | 01/28/2020 | 6-K |
| 09/30/2019 | 10/25/2019 | 6-K |
Recent Forward Guidance
Updated 10/4/2026Latest: Q4 2026 Earnings Reported 8/6/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2027 Revenue | Reported | 1.71 Bil | 1.71 Bil | 1.72 Bil | 3.2% | Higher New | Guidance: 1.66 Bil for Q4 2026 | |
| Q1 2027 Cloud Revenue Growth | Reported | 28.5% | 3.0% | Higher New | Guidance: 25.5% for Q4 2026 | |||
| Q1 2027 Data Center Revenue Growth | Reported | -4.0% | -12.5% | Lower New | Guidance: 8.5% for Q4 2026 | |||
| Q1 2027 Marketplace and other revenue growth | Reported | 12.5% | 6.0% | Higher New | Guidance: 6.5% for Q4 2026 | |||
| Q1 2027 Gross margin (GAAP) | Reported | 85.0% | -0.5% | Lower New | Guidance: 85.5% for Q4 2026 | |||
| Q1 2027 Gross margin (non-GAAP) | Reported | 87.0% | -1.0% | Lower New | Guidance: 88.0% for Q4 2026 | |||
| Q1 2027 Operating margin (GAAP) | Reported | 6.5% | 2.0% | Higher New | Guidance: 4.5% for Q4 2026 | |||
| Q1 2027 Operating margin (non-GAAP) | Reported | 28.5% | -2.0% | Lower New | Guidance: 30.5% for Q4 2026 | |||
| 2027 Subscription ARR growth | Reported | 18.0% | ||||||
| 2027 Total revenue growth | Reported | 13.0% | -11.0% | Lower New | Guidance: 24.0% for 2026 | |||
| 2027 Cloud revenue growth | Reported | 25.5% | -1.0% | Lower New | Guidance: 26.5% for 2026 | |||
| 2027 Data Center revenue growth | Reported | -17.0% | -38.5% | Lower New | Guidance: 21.5% for 2026 | |||
| 2027 Marketplace and other revenue growth | Reported | 12.0% | 5.5% | Higher New | Guidance: 6.5% for 2026 | |||
| 2027 Gross margin (GAAP) | Reported | 84.5% | 0.0% | Same New | Guidance: 84.5% for 2026 | |||
| 2027 Gross margin (non-GAAP) | Reported | 86.5% | -1.5% | Lower New | Guidance: 88.0% for 2026 | |||
| 2027 Operating margin (GAAP) | Reported | 4.5% | 6.5% | Higher New | Guidance: -2.0% for 2026 | |||
| 2027 Operating margin (non-GAAP) | Reported | 25.0% | -4.0% | Lower New | Guidance: 29.0% for 2026 | |||
Prior: Q3 2026 Earnings Reported 4/30/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2026 Total Revenue | Reported | 1.65 Bil | 1.66 Bil | 1.66 Bil | -2.1% | Lowered | Guidance: 1.69 Bil for Q3 2026 | |
| Q4 2026 Cloud Revenue Growth | Reported | 25.5% | 2.5% | Raised | Guidance: 23.0% for Q3 2026 | |||
| Q4 2026 Data Center Revenue Growth | Reported | 8.5% | -25.0% | Lowered | Guidance: 33.5% for Q3 2026 | |||
| Q4 2026 Marketplace and Other Revenue Growth | Reported | 6.5% | 1.5% | Raised | Guidance: 5.0% for Q3 2026 | |||
| Q4 2026 Gross Margin (GAAP) | Reported | 85.5% | 0.0% | Affirmed | Guidance: 85.5% for Q3 2026 | |||
| Q4 2026 Gross Margin (Non-GAAP) | Reported | 88.0% | 0.0% | Affirmed | Guidance: 88.0% for Q3 2026 | |||
| Q4 2026 Operating Margin (GAAP) | Reported | 4.5% | 4.5% | Raised | Guidance: 0.0% for Q3 2026 | |||
| Q4 2026 Operating Margin (Non-GAAP) | Reported | 30.5% | 3.0% | Raised | Guidance: 27.5% for Q3 2026 | |||
| 2026 Total Revenue Growth | Reported | 24.0% | 2.0% | Raised | Guidance: 22.0% for 2026 | |||
| 2026 Cloud Revenue Growth | Reported | 26.5% | 2.2% | Raised | Guidance: 24.3% for 2026 | |||
| 2026 Data Center Revenue Growth | Reported | 21.5% | 1.5% | Raised | Guidance: 20.0% for 2026 | |||
| 2026 Marketplace and Other Revenue Growth | Reported | 6.5% | 0.5% | Raised | Guidance: 6.0% for 2026 | |||
| 2026 Gross Margin (GAAP) | Reported | 84.5% | 0.5% | Raised | Guidance: 84.0% for 2026 | |||
| 2026 Gross Margin (Non-GAAP) | Reported | 88.0% | 1.0% | Raised | Guidance: 87.0% for 2026 | |||
| 2026 Operating Margin (GAAP) | Reported | -2.0% | 1.0% | Raised | Guidance: -3.0% for 2026 | |||
| 2026 Operating Margin (Non-GAAP) | Reported | 29.0% | 3.5% | Raised | Guidance: 25.5% for 2026 | |||
Q2 2026 Earnings Reported 2/5/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2026 Revenue | Reported | 1.69 Bil | 1.69 Bil | 1.70 Bil | ||||
| Q3 2026 Cloud Revenue Growth | Reported | 23.0% | ||||||
| Q3 2026 Data Center Revenue Growth | Reported | 33.5% | ||||||
| Q3 2026 Marketplace and other revenue growth | Reported | 5.0% | ||||||
| Q3 2026 Gross Margin (GAAP) | Reported | 85.5% | ||||||
| Q3 2026 Gross Margin (Non-GAAP) | Reported | 88.0% | ||||||
| Q3 2026 Operating Margin (GAAP) | Reported | 0.0% | ||||||
| Q3 2026 Operating Margin (Non-GAAP) | Reported | 27.5% | ||||||
| 2026 Revenue Growth | Reported | 22.0% | 1.2% | Raised | Guidance: 20.8% for 2026 | |||
| 2026 Cloud Revenue Growth | Reported | 24.3% | 1.8% | Raised | Guidance: 22.5% for 2026 | |||
| 2026 Data Center Revenue Growth | Reported | 20.0% | 0.0% | Affirmed | Guidance: 20.0% for 2026 | |||
| 2026 Marketplace and other revenue growth | Reported | 6.0% | 1.0% | Raised | Guidance: 5.0% for 2026 | |||
| 2026 Gross Margin (GAAP) | Reported | 84.0% | ||||||
| 2026 Gross Margin (Non-GAAP) | Reported | 87.0% | ||||||
| 2026 Operating Margin (GAAP) | Reported | -3.0% | ||||||
| 2026 Operating Margin (Non-GAAP) | Reported | 25.5% | ||||||
Q1 2026 Earnings Reported 10/30/2025
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Total Revenue | Reported | 1.53 Bil | 1.54 Bil | 1.54 Bil | ||||
| Q2 2026 Cloud Revenue Growth | Reported | 22.5% | 0 | Affirmed | Guidance: 22.5% for Q1 2026 | |||
| Q2 2026 Data Center Revenue Growth | Reported | 17.0% | 9.0% | Higher New | Guidance: 8.0% for Q1 2026 | |||
| Q2 2026 Marketplace and other revenue growth | Reported | 2.0% | -9.5% | Lower New | Guidance: 11.5% for Q1 2026 | |||
| 2026 Total Revenue Growth | Reported | 20.8% | 2.8% | Raised | Guidance: 18.0% for 2026 | |||
| 2026 Cloud Revenue Growth | Reported | 22.5% | 1.5% | Raised | Guidance: 21.0% for 2026 | |||
| 2026 Data Center Revenue Growth | Reported | 20.0% | 7.5% | Raised | Guidance: 12.5% for 2026 | |||
| 2026 Marketplace and other revenue growth | Reported | 5.0% | -5.0% | Lowered | Guidance: 10.0% for 2026 | |||
Insider Activity
Updated 9/22/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Liu, Gene | Chief Accounting Officer | Direct | Sell | 8312026 | 190.00 | 939 | 178,410 | 10,614,920 | Form |
| 2 | Chuong, James | Chief Financial Officer | Direct | Sell | 8202026 | 172.45 | 9,054 | 1,561,377 | 48,151,607 | Form |
| 3 | Duffy, Brian | Chief Revenue Officer | Direct | Sell | 8202026 | 172.45 | 1,851 | 319,204 | 37,632,408 | Form |
| 4 | Liu, Gene | Chief Accounting Officer | Direct | Sell | 8202026 | 175.00 | 1,125 | 196,875 | 9,941,225 | Form |
| 5 | Duffy, Brian | Chief Revenue Officer | Direct | Sell | 8172026 | 163.00 | 7,617 | 1,241,552 | 35,871,524 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Liu, Gene | Chief Accounting Officer | Direct | Sell | 8312026 | 190.00 | 939 | 178,410 | 10,614,920 | Form |
| 2 | Chuong, James | Chief Financial Officer | Direct | Sell | 8202026 | 172.45 | 9,054 | 1,561,377 | 48,151,607 | Form |
| 3 | Duffy, Brian | Chief Revenue Officer | Direct | Sell | 8202026 | 172.45 | 1,851 | 319,204 | 37,632,408 | Form |
| 4 | Liu, Gene | Chief Accounting Officer | Direct | Sell | 8202026 | 175.00 | 1,125 | 196,875 | 9,941,225 | Form |
| 5 | Duffy, Brian | Chief Revenue Officer | Direct | Sell | 8172026 | 163.00 | 7,617 | 1,241,552 | 35,871,524 | Form |
| 6 | Liu, Gene | Chief Accounting Officer | Direct | Sell | 8172026 | 163.00 | 815 | 132,845 | 9,442,891 | Form |
| 7 | Liu, Gene | Chief Accounting Officer | Direct | Sell | 8172026 | 165.00 | 737 | 121,605 | 9,693,255 | Form |
| 8 | Duffy, Brian | Chief Revenue Officer | Direct | Sell | 6122026 | 89.71 | 3,000 | 269,130 | 20,426,160 | Form |
| 9 | Duffy, Brian | Chief Revenue Officer | Direct | Sell | 6122026 | 88.79 | 1,432 | 127,147 | 20,483,054 | Form |
| 10 | Duffy, Brian | Chief Revenue Officer | Direct | Sell | 6122026 | 92.79 | 1,813 | 168,228 | 21,538,693 | Form |
| 11 | Duffy, Brian | Chief Revenue Officer | Direct | Sell | 6092026 | 95.35 | 1,454 | 138,639 | 22,305,798 | Form |
| 12 | Duffy, Brian | Chief Revenue Officer | Direct | Sell | 6092026 | 98.03 | 1,451 | 142,242 | 23,075,282 | Form |
| 13 | Chuong, James | Chief Financial Officer | Direct | Sell | 5212026 | 87.75 | 8,838 | 775,513 | 25,295,168 | Form |
| 14 | Duffy, Brian | Chief Revenue Officer | Direct | Sell | 5202026 | 87.75 | 1,986 | 174,263 | 20,781,827 | Form |
| 15 | Liu, Gene | Chief Accounting Officer | Direct | Sell | 5202026 | 87.71 | 67 | 5,877 | 5,217,531 | Form |
| 16 | Duffy, Brian | Chief Revenue Officer | Direct | Sell | 5152026 | 80.82 | 7,017 | 567,108 | 19,301,793 | Form |
| 17 | Liu, Gene | Chief Accounting Officer | Direct | Sell | 5152026 | 80.82 | 803 | 64,899 | 4,812,932 | Form |
| 18 | Duffy, Brian | Chief Revenue Officer | Direct | Sell | 2202026 | 81.35 | 1,222 | 99,410 | 10,114,451 | Form |
| 19 | Liu, Gene | Chief Accounting Officer | Direct | Sell | 2202026 | 81.36 | 66 | 5,370 | 4,910,218 | Form |
| 20 | Rajan, Rajeev Bashyam | Chief Technology Officer | Direct | Sell | 2202026 | 81.35 | 3,072 | 249,907 | 17,320,707 | Form |
| 21 | Binz, Joseph Leo | Chief Financial Officer | Direct | Sell | 2202026 | 81.35 | 1,653 | 134,471 | 16,972,681 | Form |
| 22 | Liu, Gene | Chief Accounting Officer | Direct | Sell | 2182026 | 81.80 | 908 | 74,274 | 4,942,315 | Form |
| 23 | Duffy, Brian | Chief Revenue Officer | Direct | Sell | 2182026 | 81.80 | 982 | 80,329 | 10,270,473 | Form |
| 24 | Rajan, Rajeev Bashyam | Chief Technology Officer | Direct | Sell | 2182026 | 81.80 | 4,009 | 327,936 | 17,667,803 | Form |
| 25 | Binz, Joseph Leo | Chief Financial Officer | Direct | Sell | 2182026 | 81.80 | 2,949 | 241,229 | 17,201,962 | Form |
| 26 | Farquhar, Scott | See Footnote | Sell | 2062026 | 94.81 | 7,665 | 726,716 | 26,161,764 | Form | |
| 27 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 2062026 | 94.81 | 7,665 | 726,716 | 26,161,764 | Form |
| 28 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 2062026 | 102.28 | 7,665 | 783,970 | 29,006,905 | Form |
| 29 | Farquhar, Scott | See Footnote | Sell | 2062026 | 102.28 | 7,665 | 783,971 | 29,006,933 | Form | |
| 30 | Farquhar, Scott | See Footnote | Sell | 2042026 | 104.04 | 7,665 | 797,462 | 31,101,010 | Form | |
| 31 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 2042026 | 104.04 | 7,665 | 797,459 | 31,100,918 | Form |
| 32 | Farquhar, Scott | See Footnote | Sell | 2022026 | 119.15 | 7,665 | 913,312 | 37,445,795 | Form | |
| 33 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 2022026 | 119.15 | 7,665 | 913,311 | 37,445,766 | Form |
| 34 | Farquhar, Scott | See Footnote | Sell | 1302026 | 118.97 | 7,665 | 911,895 | 38,299,601 | Form | |
| 35 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 1302026 | 118.97 | 7,665 | 911,895 | 38,299,578 | Form |
| 36 | Farquhar, Scott | See Footnote | Sell | 1282026 | 133.30 | 7,665 | 1,021,727 | 44,955,977 | Form | |
| 37 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 1282026 | 133.30 | 7,665 | 1,021,726 | 44,955,933 | Form |
| 38 | Farquhar, Scott | See Footnote | Sell | 1262026 | 130.85 | 7,665 | 1,002,962 | 46,136,262 | Form | |
| 39 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 1262026 | 130.85 | 7,665 | 1,002,961 | 46,136,224 | Form |
| 40 | Farquhar, Scott | See Footnote | Sell | 1232026 | 126.11 | 7,665 | 966,641 | 45,432,132 | Form | |
| 41 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 1232026 | 126.11 | 7,665 | 966,640 | 45,432,103 | Form |
| 42 | Farquhar, Scott | See Footnote | Sell | 1212026 | 118.19 | 7,665 | 905,916 | 44,389,865 | Form | |
| 43 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 1212026 | 118.19 | 7,665 | 905,916 | 44,389,865 | Form |
| 44 | Farquhar, Scott | See Footnote | Sell | 1162026 | 120.82 | 7,665 | 926,057 | 46,302,828 | Form | |
| 45 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 1162026 | 120.82 | 7,665 | 926,055 | 46,302,736 | Form |
| 46 | Farquhar, Scott | See Footnote | Sell | 1162026 | 130.81 | 7,665 | 1,002,653 | 51,135,312 | Form | |
| 47 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 1162026 | 130.81 | 7,665 | 1,002,652 | 51,135,229 | Form |
| 48 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 1132026 | 147.15 | 7,665 | 1,127,893 | 60,906,231 | Form |
| 49 | Farquhar, Scott | See Footnote | Sell | 1132026 | 147.15 | 7,665 | 1,127,895 | 60,906,355 | Form | |
| 50 | Farquhar, Scott | See Footnote | Sell | 1122026 | 145.91 | 7,665 | 1,118,427 | 61,513,499 | Form | |
| 51 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 1122026 | 145.91 | 7,665 | 1,118,427 | 61,513,491 | Form |
| 52 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 1072026 | 158.62 | 7,665 | 1,215,818 | 70,517,444 | Form |
| 53 | Farquhar, Scott | See Footnote | Sell | 1072026 | 158.62 | 7,665 | 1,215,818 | 70,517,469 | Form | |
| 54 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 1062026 | 154.20 | 7,665 | 1,181,969 | 69,736,152 | Form |
| 55 | Farquhar, Scott | See Footnote | Sell | 1062026 | 154.20 | 7,665 | 1,181,970 | 69,736,237 | Form | |
| 56 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 1052026 | 156.15 | 7,665 | 1,196,859 | 71,811,555 | Form |
| 57 | Farquhar, Scott | See Footnote | Sell | 1052026 | 156.15 | 7,665 | 1,196,860 | 71,811,618 | Form | |
| 58 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 12312025 | 162.68 | 7,665 | Form | ||
| 59 | Farquhar, Scott | See Footnote | Sell | 12312025 | 162.68 | 7,665 | Form | |||
| 60 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 12312025 | 163.50 | 7,665 | 1,253,264 | 1,253,264 | Form |
| 61 | Farquhar, Scott | See Footnote | Sell | 12312025 | 163.50 | 7,665 | 1,253,265 | 1,253,265 | Form | |
| 62 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 12302025 | 163.66 | 7,665 | 1,254,440 | 2,508,880 | Form |
| 63 | Farquhar, Scott | See Footnote | Sell | 12302025 | 163.66 | 7,665 | 1,254,441 | 2,508,882 | Form | |
| 64 | Farquhar, Scott | See Footnote | Sell | 12292025 | 162.53 | 7,665 | 1,245,821 | 3,737,462 | Form | |
| 65 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 12292025 | 162.53 | 7,665 | 1,245,820 | 3,737,460 | Form |
| 66 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 12292025 | 161.03 | 7,665 | 1,234,327 | 4,937,309 | Form |
| 67 | Farquhar, Scott | See Footnote | Sell | 12292025 | 161.03 | 7,665 | 1,234,328 | 4,937,312 | Form | |
| 68 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 12232025 | 161.30 | 7,665 | 1,236,346 | 6,181,729 | Form |
| 69 | Farquhar, Scott | See Footnote | Sell | 12232025 | 161.30 | 7,665 | 1,236,347 | 6,181,734 | Form | |
| 70 | Farquhar, Scott | See Footnote | Sell | 12232025 | 164.11 | 7,665 | 1,257,914 | 7,547,484 | Form | |
| 71 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 12232025 | 164.11 | 7,665 | 1,257,913 | 7,547,477 | Form |
| 72 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 12232025 | 162.40 | 7,665 | 1,244,802 | 8,713,612 | Form |
| 73 | Farquhar, Scott | See Footnote | Sell | 12232025 | 162.40 | 7,665 | 1,244,804 | 8,713,628 | Form | |
| 74 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 12192025 | 164.81 | 7,665 | 1,263,290 | 10,106,320 | Form |
| 75 | Farquhar, Scott | See Footnote | Sell | 12192025 | 164.81 | 7,665 | 1,263,290 | 10,106,321 | Form | |
| 76 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 12182025 | 163.16 | 7,665 | 1,250,631 | 11,255,681 | Form |
| 77 | Farquhar, Scott | See Footnote | Sell | 12182025 | 163.16 | 7,665 | 1,250,634 | 11,255,702 | Form | |
| 78 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 12172025 | 160.42 | 7,665 | 1,229,600 | 12,295,997 | Form |
| 79 | Farquhar, Scott | See Footnote | Sell | 12172025 | 160.42 | 7,665 | 1,229,602 | 12,296,023 | Form | |
| 80 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 12162025 | 158.92 | 7,665 | 1,218,092 | 13,399,014 | Form |
| 81 | Farquhar, Scott | See Footnote | Sell | 12162025 | 158.92 | 7,665 | 1,218,093 | 13,399,028 | Form | |
| 82 | Brown, Shona L | See Footnote | Sell | 12152025 | 163.00 | 528 | 86,064 | 5,950,804 | Form | |
| 83 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 12152025 | 162.11 | 7,665 | 1,242,610 | 14,911,314 | Form |
| 84 | Farquhar, Scott | See Footnote | Sell | 12152025 | 162.11 | 7,665 | 1,242,610 | 14,911,315 | Form | |
| 85 | Farquhar, Scott | See Footnote | Sell | 12122025 | 163.07 | 7,665 | 1,249,939 | 16,249,202 | Form | |
| 86 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 12122025 | 163.07 | 7,665 | 1,249,938 | 16,249,197 | Form |
| 87 | Farquhar, Scott | See Footnote | Sell | 12112025 | 161.79 | 7,665 | 1,240,125 | 17,361,752 | Form | |
| 88 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 12112025 | 161.79 | 7,665 | 1,240,123 | 17,361,726 | Form |
| 89 | Farquhar, Scott | See Footnote | Sell | 12102025 | 161.13 | 7,665 | 1,235,055 | 18,525,820 | Form | |
| 90 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 12102025 | 161.13 | 7,665 | 1,235,053 | 18,525,798 | Form |
| 91 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 12092025 | 160.70 | 7,665 | 1,231,765 | 19,708,236 | Form |
| 92 | Farquhar, Scott | See Footnote | Sell | 12092025 | 160.70 | 7,665 | 1,231,765 | 19,708,247 | Form | |
| 93 | Farquhar, Scott | See Footnote | Sell | 12082025 | 160.48 | 7,665 | 1,230,091 | 20,911,540 | Form | |
| 94 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 12082025 | 160.48 | 7,665 | 1,230,090 | 20,911,536 | Form |
| 95 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 12052025 | 155.70 | 7,665 | 1,193,452 | 21,482,133 | Form |
| 96 | Farquhar, Scott | See Footnote | Sell | 12052025 | 155.70 | 7,665 | 1,193,453 | 21,482,150 | Form | |
| 97 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 12042025 | 155.08 | 7,665 | 1,188,658 | 22,584,507 | Form |
| 98 | Farquhar, Scott | See Footnote | Sell | 12042025 | 155.08 | 7,665 | 1,188,659 | 22,584,514 | Form | |
| 99 | Farquhar, Scott | See Footnote | Sell | 12032025 | 154.54 | 7,665 | 1,184,530 | 23,690,597 | Form | |
| 100 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 12032025 | 154.54 | 7,665 | 1,184,529 | 23,690,573 | Form |
| 101 | Belsky, Scott | See Footnote | Buy | 12022025 | 148.03 | 1,672 | 247,506 | 913,197 | Form | |
| 102 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 12022025 | 152.04 | 7,665 | 1,165,399 | 24,473,373 | Form |
| 103 | Farquhar, Scott | See Footnote | Sell | 12022025 | 152.04 | 7,665 | 1,165,399 | 24,473,382 | Form | |
| 104 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 12012025 | 150.12 | 7,665 | 1,150,698 | 25,315,354 | Form |
| 105 | Farquhar, Scott | See Footnote | Sell | 12012025 | 150.12 | 7,665 | 1,150,700 | 25,315,397 | Form | |
| 106 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 11262025 | 148.29 | 7,665 | 1,136,611 | 26,142,048 | Form |
| 107 | Farquhar, Scott | See Footnote | Sell | 11262025 | 148.29 | 7,665 | 1,136,611 | 26,142,062 | Form | |
| 108 | Farquhar, Scott | See Footnote | Sell | 11262025 | 149.20 | 7,665 | 1,143,613 | 27,446,721 | Form | |
| 109 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 11262025 | 149.20 | 7,665 | 1,143,612 | 27,446,689 | Form |
| 110 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 11252025 | 146.62 | 7,665 | 1,123,836 | 28,095,889 | Form |
| 111 | Farquhar, Scott | See Footnote | Sell | 11252025 | 146.62 | 7,665 | 1,123,836 | 28,095,889 | Form | |
| 112 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 11242025 | 144.02 | 7,665 | 1,103,929 | 28,702,166 | Form |
| 113 | Farquhar, Scott | See Footnote | Sell | 11242025 | 144.02 | 7,665 | 1,103,932 | 28,702,221 | Form | |
| 114 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 11212025 | 145.53 | 7,665 | 1,115,452 | 30,117,210 | Form |
| 115 | Farquhar, Scott | See Footnote | Sell | 11212025 | 145.53 | 7,665 | 1,115,453 | 30,117,228 | Form | |
| 116 | Liu, Gene | Chief Accounting Officer | Direct | Sell | 11202025 | 147.44 | 92 | 13,565 | 8,562,027 | Form |
| 117 | Rajan, Rajeev Bashyam | Chief Technology Officer | Direct | Sell | 11202025 | 147.46 | 3,017 | 444,896 | 32,441,403 | Form |
| 118 | Binz, Joseph Leo | Chief Financial Officer | Direct | Sell | 11202025 | 147.46 | 1,710 | 252,161 | 31,445,106 | Form |
| 119 | Duffy, Brian | Chief Revenue Officer | Direct | Sell | 11202025 | 147.46 | 1,940 | 286,079 | 18,659,399 | Form |
| 120 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 11202025 | 147.63 | 7,665 | 1,131,569 | 31,683,921 | Form |
| 121 | Farquhar, Scott | See Footnote | Sell | 11202025 | 147.63 | 7,665 | 1,131,570 | 31,683,952 | Form | |
| 122 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 11192025 | 147.66 | 7,665 | 1,131,841 | 32,823,400 | Form |
| 123 | Farquhar, Scott | See Footnote | Sell | 11192025 | 147.66 | 7,665 | 1,131,843 | 32,823,457 | Form | |
| 124 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 11182025 | 147.41 | 7,665 | 1,129,892 | 33,896,771 | Form |
| 125 | Farquhar, Scott | See Footnote | Sell | 11182025 | 147.41 | 7,665 | 1,129,893 | 33,896,793 | Form | |
| 126 | Binz, Joseph Leo | Chief Financial Officer | Direct | Sell | 11172025 | 152.46 | 4,531 | 690,778 | 32,770,551 | Form |
| 127 | Bharadwaj, Anutthara | President | Direct | Sell | 11172025 | 152.46 | 9,847 | 1,501,235 | 36,908,406 | Form |
| 128 | Rajan, Rajeev Bashyam | Chief Technology Officer | Direct | Sell | 11172025 | 152.46 | 5,652 | 861,681 | 33,999,809 | Form |
| 129 | Liu, Gene | Chief Accounting Officer | Direct | Sell | 11172025 | 152.45 | 1,044 | 159,161 | 8,867,124 | Form |
| 130 | Duffy, Brian | Chief Revenue Officer | Direct | Sell | 11172025 | 152.46 | 1,468 | 223,806 | 19,586,965 | Form |
| 131 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 11172025 | 152.51 | 7,665 | 1,168,978 | 36,238,323 | Form |
| 132 | Farquhar, Scott | See Footnote | Sell | 11172025 | 152.51 | 7,665 | 1,168,980 | 36,238,384 | Form | |
| 133 | Farquhar, Scott | See Footnote | Sell | 11142025 | 153.77 | 7,665 | 1,178,679 | 37,717,714 | Form | |
| 134 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 11142025 | 153.77 | 7,665 | 1,178,677 | 37,717,651 | Form |
| 135 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 11132025 | 154.97 | 7,665 | 1,187,852 | 39,199,103 | Form |
| 136 | Farquhar, Scott | See Footnote | Sell | 11132025 | 154.97 | 7,665 | 1,187,853 | 39,199,148 | Form | |
| 137 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 11122025 | 160.30 | 7,665 | 1,228,731 | 41,776,852 | Form |
| 138 | Farquhar, Scott | See Footnote | Sell | 11122025 | 160.30 | 7,665 | 1,228,736 | 41,777,020 | Form | |
| 139 | Farquhar, Scott | See Footnote | Sell | 11102025 | 158.00 | 7,665 | 1,211,064 | 42,387,242 | Form | |
| 140 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 11102025 | 158.00 | 7,665 | 1,211,062 | 42,387,175 | Form |
| 141 | Farquhar, Scott | See Footnote | Sell | 11102025 | 155.58 | 7,665 | 1,192,501 | 42,930,036 | Form | |
| 142 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 11102025 | 155.58 | 7,665 | 1,192,500 | 42,929,986 | Form |
| 143 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 11072025 | 155.88 | 7,665 | 1,194,831 | 44,208,748 | Form |
| 144 | Farquhar, Scott | See Footnote | Sell | 11072025 | 155.88 | 7,665 | 1,194,833 | 44,208,822 | Form | |
| 145 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 11062025 | 162.66 | 7,665 | 1,246,791 | 47,378,072 | Form |
| 146 | Farquhar, Scott | See Footnote | Sell | 11062025 | 162.66 | 7,665 | 1,246,793 | 47,378,152 | Form | |
| 147 | Farquhar, Scott | See Footnote | Sell | 11052025 | 165.24 | 7,665 | 1,266,599 | 49,397,364 | Form | |
| 148 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 11052025 | 165.24 | 7,665 | 1,266,591 | 49,397,068 | Form |
| 149 | Belsky, Scott | See Footnote | Buy | 11042025 | 169.99 | 1,476 | 250,905 | 764,445 | Form | |
| 150 | Farquhar, Scott | See Footnote | Sell | 11042025 | 172.79 | 7,665 | 1,324,397 | 52,975,891 | Form | |
| 151 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 11042025 | 172.78 | 7,665 | 1,324,392 | 52,975,667 | Form |
| 152 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 11032025 | 167.61 | 7,665 | 1,284,761 | 52,675,220 | Form |
| 153 | Farquhar, Scott | See Footnote | Sell | 11032025 | 167.61 | 7,665 | 1,284,763 | 52,675,282 | Form | |
| 154 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 10312025 | 161.75 | 7,665 | 1,239,813 | 52,072,163 | Form |
| 155 | Farquhar, Scott | See Footnote | Sell | 10312025 | 161.75 | 7,665 | 1,239,815 | 52,072,245 | Form | |
| 156 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 10302025 | 160.40 | 7,665 | 1,229,503 | 52,868,630 | Form |
| 157 | Farquhar, Scott | See Footnote | Sell | 10302025 | 160.41 | 7,665 | 1,229,504 | 52,868,693 | Form | |
| 158 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 10302025 | 163.67 | 7,665 | 1,254,509 | 55,198,397 | Form |
| 159 | Farquhar, Scott | See Footnote | Sell | 10302025 | 163.67 | 7,665 | 1,254,510 | 55,198,434 | Form | |
| 160 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 10282025 | 165.03 | 7,665 | 1,264,963 | 56,923,330 | Form |
| 161 | Farquhar, Scott | See Footnote | Sell | 10282025 | 165.03 | 7,665 | 1,264,964 | 56,923,362 | Form | |
| 162 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 10272025 | 164.50 | 7,665 | 1,260,917 | 58,002,169 | Form |
| 163 | Farquhar, Scott | See Footnote | Sell | 10272025 | 164.50 | 7,665 | 1,260,918 | 58,002,242 | Form | |
| 164 | Farquhar, Scott | See Footnote | Sell | 10242025 | 164.81 | 7,665 | 1,263,235 | 59,372,049 | Form | |
| 165 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 10242025 | 164.81 | 7,665 | 1,263,234 | 59,372,013 | Form |
| 166 | Farquhar, Scott | See Footnote | Sell | 10232025 | 169.16 | 7,665 | 1,296,644 | 62,238,918 | Form | |
| 167 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 10232025 | 169.16 | 7,665 | 1,296,644 | 62,238,889 | Form |
| 168 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 10222025 | 165.76 | 7,665 | 1,270,564 | 62,257,650 | Form |
| 169 | Farquhar, Scott | See Footnote | Sell | 10222025 | 165.76 | 7,665 | 1,270,564 | 62,257,650 | Form | |
| 170 | Farquhar, Scott | See Footnote | Sell | 10202025 | 157.28 | 7,665 | 1,205,580 | 60,279,010 | Form | |
| 171 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 10202025 | 157.28 | 7,665 | 1,205,579 | 60,278,937 | Form |
| 172 | Farquhar, Scott | See Footnote | Sell | 10202025 | 151.21 | 7,665 | 1,159,009 | 59,109,467 | Form | |
| 173 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 10202025 | 151.21 | 7,665 | 1,159,008 | 59,109,420 | Form |
| 174 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 10172025 | 151.35 | 7,665 | 1,160,119 | 60,326,182 | Form |
| 175 | Farquhar, Scott | See Footnote | Sell | 10172025 | 151.35 | 7,665 | 1,160,120 | 60,326,221 | Form | |
| 176 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 10162025 | 151.83 | 7,665 | 1,163,772 | 61,679,922 | Form |
| 177 | Farquhar, Scott | See Footnote | Sell | 10162025 | 151.83 | 7,665 | 1,163,775 | 61,680,094 | Form | |
| 178 | Farquhar, Scott | See Footnote | Sell | 10152025 | 153.60 | 7,665 | 1,177,323 | 63,575,462 | Form | |
| 179 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 10152025 | 153.60 | 7,665 | 1,177,322 | 63,575,387 | Form |
| 180 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 10142025 | 147.81 | 7,665 | 1,132,968 | 62,313,228 | Form |
| 181 | Farquhar, Scott | See Footnote | Sell | 10142025 | 147.81 | 7,665 | 1,132,969 | 62,313,288 | Form | |
| 182 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 10102025 | 145.85 | 7,665 | 1,117,949 | 62,605,121 | Form |
| 183 | Farquhar, Scott | See Footnote | Sell | 10102025 | 145.85 | 7,665 | 1,117,949 | 62,605,131 | Form | |
| 184 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 10102025 | 148.54 | 7,665 | 1,138,581 | 64,899,121 | Form |
| 185 | Farquhar, Scott | See Footnote | Sell | 10102025 | 148.54 | 7,665 | 1,138,581 | 64,899,129 | Form | |
| 186 | Farquhar, Scott | See Footnote | Sell | 10092025 | 150.93 | 7,665 | 1,156,861 | 67,097,944 | Form | |
| 187 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 10092025 | 150.93 | 7,665 | 1,156,861 | 67,097,936 | Form |
| 188 | Farquhar, Scott | See Footnote | Sell | 10082025 | 148.03 | 7,665 | 1,134,640 | 66,943,769 | Form | |
| 189 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 10082025 | 148.03 | 7,665 | 1,134,640 | 66,943,752 | Form |
| 190 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 10072025 | 150.75 | 7,665 | 1,155,517 | 69,330,999 | Form |
| 191 | Farquhar, Scott | See Footnote | Sell | 10072025 | 150.75 | 7,665 | 1,155,517 | 69,331,021 | Form | |
| 192 | Farquhar, Scott | See Footnote | Sell | 10062025 | 150.86 | 7,665 | 1,156,324 | 70,535,772 | Form | |
| 193 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 10062025 | 150.86 | 7,665 | 1,156,323 | 70,535,705 | Form |
| 194 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 10032025 | 150.61 | 7,665 | 1,154,408 | 71,573,281 | Form |
| 195 | Farquhar, Scott | See Footnote | Sell | 10032025 | 150.61 | 7,665 | 1,154,408 | 71,573,327 | Form | |
| 196 | Belsky, Scott | See Footnote | Buy | 10022025 | 153.10 | 1,566 | 239,752 | 462,510 | Form | |
| 197 | Farquhar, Scott | See Footnote | Sell | 10022025 | 152.50 | 7,665 | 1,168,921 | 73,642,001 | Form | |
| 198 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 10022025 | 152.50 | 7,665 | 1,168,920 | 73,641,953 | Form |
| 199 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 9302025 | 159.61 | 7,665 | Form | ||
| 200 | Farquhar, Scott | See Footnote | Sell | 9302025 | 159.61 | 7,665 | Form | |||
| 201 | Farquhar, Scott | See Footnote | Sell | 9302025 | 166.36 | 7,665 | 1,275,159 | 1,275,159 | Form | |
| 202 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 9302025 | 166.36 | 7,665 | 1,275,157 | 1,275,157 | Form |
| 203 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 9292025 | 165.26 | 7,665 | 1,266,697 | 2,533,395 | Form |
| 204 | Farquhar, Scott | See Footnote | Sell | 9292025 | 165.26 | 7,665 | 1,266,699 | 2,533,398 | Form | |
| 205 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 9262025 | 162.58 | 7,665 | 1,246,169 | 3,738,507 | Form |
| 206 | Farquhar, Scott | See Footnote | Sell | 9262025 | 162.58 | 7,665 | 1,246,170 | 3,738,509 | Form | |
| 207 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 9252025 | 165.09 | 7,665 | 1,265,409 | 5,061,634 | Form |
| 208 | Farquhar, Scott | See Footnote | Sell | 9252025 | 165.09 | 7,665 | 1,265,410 | 5,061,639 | Form | |
| 209 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 9242025 | 166.31 | 7,665 | 1,274,784 | 6,373,920 | Form |
| 210 | Farquhar, Scott | See Footnote | Sell | 9242025 | 166.31 | 7,665 | 1,274,785 | 6,373,923 | Form | |
| 211 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 9232025 | 170.20 | 7,665 | 1,304,602 | 7,827,612 | Form |
| 212 | Farquhar, Scott | See Footnote | Sell | 9232025 | 170.20 | 7,665 | 1,304,604 | 7,827,626 | Form | |
| 213 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 9222025 | 169.32 | 7,665 | 1,297,836 | 9,084,852 | Form |
| 214 | Farquhar, Scott | See Footnote | Sell | 9222025 | 169.32 | 7,665 | 1,297,836 | 9,084,855 | Form | |
| 215 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 9192025 | 170.09 | 7,665 | 1,303,724 | 10,429,791 | Form |
| 216 | Farquhar, Scott | See Footnote | Sell | 9192025 | 170.09 | 7,665 | 1,303,725 | 10,429,796 | Form | |
| 217 | Farquhar, Scott | See Footnote | Sell | 9182025 | 173.56 | 7,665 | 1,330,361 | 11,973,251 | Form | |
| 218 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 9182025 | 173.56 | 7,665 | 1,330,361 | 11,973,249 | Form |
| 219 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 9172025 | 173.53 | 7,665 | 1,330,074 | 13,300,745 | Form |
| 220 | Farquhar, Scott | See Footnote | Sell | 9172025 | 173.53 | 7,665 | 1,330,075 | 13,300,752 | Form | |
| 221 | Farquhar, Scott | See Footnote | Sell | 9162025 | 174.58 | 7,665 | 1,338,138 | 14,719,519 | Form | |
| 222 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 9162025 | 174.58 | 7,665 | 1,338,137 | 14,719,508 | Form |
| 223 | Farquhar, Scott | See Footnote | Sell | 9162025 | 175.17 | 7,665 | 1,342,680 | 16,112,164 | Form | |
| 224 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 9162025 | 175.17 | 7,665 | 1,342,679 | 16,112,143 | Form |
| 225 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 9122025 | 177.33 | 7,665 | 1,359,211 | 17,669,744 | Form |
| 226 | Farquhar, Scott | See Footnote | Sell | 9122025 | 177.33 | 7,665 | 1,359,212 | 17,669,756 | Form | |
| 227 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 9112025 | 175.76 | 7,665 | 1,347,211 | 18,860,957 | Form |
| 228 | Farquhar, Scott | See Footnote | Sell | 9112025 | 175.76 | 7,665 | 1,347,212 | 18,860,973 | Form | |
| 229 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 9102025 | 180.51 | 7,665 | 1,383,633 | 20,754,491 | Form |
| 230 | Farquhar, Scott | See Footnote | Sell | 9102025 | 180.51 | 7,665 | 1,383,635 | 20,754,530 | Form | |
| 231 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 9092025 | 171.59 | 7,665 | 1,315,263 | 21,044,202 | Form |
| 232 | Farquhar, Scott | See Footnote | Sell | 9092025 | 171.59 | 7,665 | 1,315,264 | 21,044,222 | Form | |
| 233 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 9082025 | 171.90 | 7,665 | 1,317,648 | 22,400,012 | Form |
| 234 | Farquhar, Scott | See Footnote | Sell | 9082025 | 171.90 | 7,665 | 1,317,648 | 22,400,023 | Form | |
| 235 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 9052025 | 167.67 | 7,665 | 1,285,195 | 23,133,505 | Form |
| 236 | Farquhar, Scott | See Footnote | Sell | 9052025 | 167.67 | 7,665 | 1,285,196 | 23,133,526 | Form | |
| 237 | Farquhar, Scott | See Footnote | Sell | 9042025 | 171.14 | 7,665 | 1,311,810 | 24,924,388 | Form | |
| 238 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 9042025 | 171.14 | 7,665 | 1,311,809 | 24,924,375 | Form |
| 239 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 9032025 | 172.87 | 7,665 | 1,325,057 | 26,501,137 | Form |
| 240 | Farquhar, Scott | See Footnote | Sell | 9032025 | 172.87 | 7,665 | 1,325,058 | 26,501,152 | Form |
Investor Activity (13F)
Updated Oct 7, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Atreides Management, LP | $64.6 Mil | 1.4% | 49 | Exited | 13F |
| Anomaly Capital Management, LP | $22.6 Mil | 0.8% | 32 | Exited | 13F |
| Glynn Capital Management LLC | $10.8 Mil | 3.7% | 37 | Exited | 13F |
| Benchstone Capital Management LP | $10.7 Mil | 1.2% | 43 | Exited | 13F |
| Light Street Capital Management, LLC | $10.3 Mil | 1.6% | 24 | Exited | 13F |
| Tensor Edge Capital, LLC | $5.0 Mil | 1.9% | 13 | Exited | 13F |
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