The stock of Atlassian Corporation (NASDAQ:TEAM) last traded at $158.88, down -1.10% from the previous session.
Data from the available sources indicates that Atlassian Corporation (NASDAQ:TEAM) is covered by 26 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $420.00 and a low of $130.00, we find $175.00. Given the previous closing price of $160.64, this indicates a potential upside of 8.94 percent. TEAM stock price is now 3.82% away from the 50-day moving average and -9.31% away from the 200-day moving average. The market capitalization of the company currently stands at $41.14B.
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In total, 10 analysts have assigned it a hold rating, and 13 have given it a buy rating. Brokers who have rated the stock have averaged $184.15 as their price target over the next twelve months.
In other news, Cannon-Brookes Michael, Co-CEO, Co-Founder sold 8,614 shares of the company’s stock on May 24. The stock was sold for $1,384,915 at an average price of $160.77. Upon completion of the transaction, the Co-CEO, Co-Founder now directly owns 209,008 shares in the company, valued at $33.21 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 24, Co-CEO, Co-Founder Farquhar Scott sold 8,614 shares of the business’s stock. A total of $1,384,914 was realized by selling the stock at an average price of $160.77. This leaves the insider owning 209,008 shares of the company worth $33.21 million. Insiders disposed of 2,477,910 shares of company stock worth roughly $393.69 million over the past 1 year. A total of 0.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TEAM stock. A new stake in Atlassian Corporation shares was purchased by WINSLOW CAPITAL MANAGEMENT, LLC during the first quarter worth $195,614,000. HARDMAN JOHNSTON GLOBAL ADVISORS LLC invested $119,892,000 in shares of TEAM during the first quarter. In the first quarter, SWISS NATIONAL BANK acquired a new stake in Atlassian Corporation valued at approximately $94,099,000. UBS ASSET MANAGEMENT AMERICAS INC acquired a new stake in TEAM for approximately $88,341,000. AMERICAN CENTURY COMPANIES INC purchased a new stake in TEAM valued at around $41,364,000 in the second quarter. In total, there are 821 active investors with 82.60% ownership of the company’s stock.
With an opening price of $162.60 on Thursday morning, Atlassian Corporation (NASDAQ: TEAM) set off the trading day. During the past 12 months, Atlassian Corporation has had a low of $113.86 and a high of $300.29. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.30, and a quick ratio of 1.30. The fifty day moving average price for TEAM is $153.06 and a two-hundred day moving average price translates $174.60 for the stock.
The latest earnings results from Atlassian Corporation (NASDAQ: TEAM) was released for Mar, 2023. According to the Software – Application Company, earnings per share came in at $0.54, beating analysts’ expectations of $0.34 by 0.2. This compares to $0.02 EPS in the same period last year. The net profit margin was -5.10% and return on equity was -40.90% for TEAM. The company reported revenue of $915.45 million for the quarter, compared to $740.49 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 23.63 percent. For the current quarter, analysts expect TEAM to generate $914.87M in revenue.
Atlassian Corporation(TEAM) Company Profile
Atlassian Corporation, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its products include Jira Software and Jira Work Management, a workflow management system for 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 for enterprise organizations to build and manage a master plan that maps strategic projects to the various work streams required to deliver them; and Opsgenie, an incident management tool that enables IT teams to plan for and respond to service disruptions. The company also provides Confluence, a social and flexible content collaboration platform used to create, share, organize, and discuss projects; and Trello, a collaboration and organization product that captures and adds structure to fluid, fast-forming work for teams. In addition, it offers Bitbucket, a code management and collaboration product for teams using distributed version control systems; Atlassian Access, an enterprise-wide product for enhanced security and centralized administration that works across every Atlassian cloud product used, including Jira, Jira Service Management, Confluence, Trello, and Bitbucket; and various other products, such as Atlassian cloud apps, Bamboo, Crowd, Crucible, Fisheye, Halp, Sourcetree, and Statuspage. Atlassian Corporation was founded in 2002 and is headquartered in Sydney, Australia.
