The stock of Atlassian Corporation (NASDAQ:TEAM) last traded at $306.78, up 14.92% from the previous session.
TEAM stock price is now 17.89% away from the 50-day moving average and 55.71% away from the 200-day moving average. The market capitalization of the company currently stands at $80.21B.
With the price target of $264, Cantor Fitzgerald recently initiated with Neutral rating for Atlassian Corporation (NASDAQ: TEAM). On January 10, 2025, BMO Capital Markets Upgraded its previous ‘Market Perform’ rating to ‘Outperform’ on the stock increasing its target price from $255 to quote $292, while ‘Truist’ rates the stock as ‘Buy’
In other news, Farquhar Scott, Director sold 7,948 shares of the company’s stock on Jan 30 ’25. The stock was sold for $2,115,143 at an average price of $266.12. Upon completion of the transaction, the Director now directly owns 325,868 shares in the company, valued at $99.97 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 30 ’25, CEO, Co-Founder Cannon-Brookes Michael sold 7,948 shares of the business’s stock. A total of $2,115,145 was realized by selling the stock at an average price of $266.12. This leaves the insider owning 325,868 shares of the company worth $99.97 million. A total of 40.50% of the company’s stock is owned by insiders.
During the past 12 months, Atlassian Corporation has had a low of $135.29 and a high of $287.97. As of last week, the company has a debt-to-equity ratio of 1.02, a current ratio of 1.22, and a quick ratio of 1.22. The fifty day moving average price for TEAM is $260.2324 and a two-hundred day moving average price translates $197.02025 for the stock.
The latest earnings results from Atlassian Corporation (NASDAQ: TEAM) was released for 2024-09-30. The net profit margin was -7.22% and return on equity was -32.59% for TEAM. The company reported revenue of $1.19 billion for the quarter, compared to $977.77 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 21.48 percent.
