Atlassian (NASDAQ:TEAM - Get Free Report) announced its quarterly earnings results on Thursday. The technology company reported $0.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.04, RTT News reports. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.35 billion. Atlassian had a negative net margin of 7.22% and a negative return on equity of 17.37%. The company's revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.89 earnings per share. Atlassian updated its Q4 2025 guidance to EPS and its FY 2025 guidance to EPS.
Atlassian Stock Performance
Shares of TEAM traded down $20.59 during mid-day trading on Friday, hitting $208.48. 8,180,619 shares of the company traded hands, compared to its average volume of 2,070,690. Atlassian has a 1 year low of $135.29 and a 1 year high of $326.00. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a 50-day moving average price of $222.61 and a two-hundred day moving average price of $245.06. The stock has a market cap of $54.62 billion, a price-to-earnings ratio of -155.58 and a beta of 1.06.
Insiders Place Their Bets
In other news, President Anutthara Bharadwaj sold 1,520 shares of the company's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $312.58, for a total transaction of $475,121.60. Following the completion of the sale, the president now owns 201,657 shares of the company's stock, valued at $63,033,945.06. This represents a 0.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael Cannon-Brookes sold 7,948 shares of the firm's stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $225.64, for a total transaction of $1,793,386.72. Following the completion of the transaction, the chief executive officer now directly owns 206,648 shares in the company, valued at approximately $46,628,054.72. The trade was a 3.70 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 260,734 shares of company stock valued at $64,629,600. Company insiders own 38.55% of the company's stock.
Wall Street Analyst Weigh In
TEAM has been the subject of several research reports. JMP Securities reaffirmed a "market perform" rating on shares of Atlassian in a research note on Friday, January 31st. KeyCorp dropped their price objective on Atlassian from $365.00 to $275.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. William Blair reissued an "outperform" rating on shares of Atlassian in a research note on Friday, January 31st. Robert W. Baird raised Atlassian from a "neutral" rating to an "outperform" rating and cut their price objective for the company from $320.00 to $255.00 in a research report on Monday, April 14th. Finally, Baird R W raised Atlassian from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. Five equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $289.57.
Check Out Our Latest Research Report on Atlassian
About Atlassian
(
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Atlassian Corporation, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its product portfolio includes Jira Software and Jira Work Management, a project management system that connects technical and business teams so they can better plan, organize, track and manage their work and projects; Confluence, a connected workspace that organizes knowledge across all teams to move work forward; and Trello, a collaboration and organization product that captures and adds structure to fluid and fast-forming work for teams.
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