Mike Cannon-Brookes: Why the market isn’t buying Atlassian’s AI growth story
Atlassian’s chief executive and founder Mike Cannon-Brookes told investors he “couldn’t be more bullish” about the opportunities ahead of the software business on its earnings call last Friday in Australia.
But the 70 per cent slide in the homegrown software company’s share price over the past 12 months didn’t lead Mr Cannon-Brookes to cancel his automated share-selling plan until that very day.
The founder kept selling 7665 shares on a daily basis even in the month prior to the results at prices ranging from $US161.11 ($227) a share on January 8 to $US105.14 on February 4.
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