CEO Michael Cannon-Brookes sold 7,665 shares of TEAM for $783,970.42 on 2026-02-05; stock down 70.7% from 52-week high.
Michael Cannon-Brookes, CEO and Co-Founder, executed 8 separate sales totaling 7,665 shares for $783,970.42 on a single trading day (2026-02-05), reducing his holdings by 2.6% to 283.6K shares. The blended average price was $102.28, but the current price stands at $94.72—representing a 7.5% decline below the transaction price and a 70.7% decline from the 52-week high of $322.94. Notably, the stock has fallen 41.1% over the past 30 days and 40.0% over 90 days, and the company is unprofitable with net income of -$42.6M against revenue of $1.6B in the latest quarter. The CEO's sale into this steep drawdown environment—following 5 prior sales already filed on 2026-02-06—occurs at a price point significantly depressed from recent history and may signal limited conviction at current valuations.