Atlassian (NASDAQ:TEAM) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Atlassian (NASDAQ:TEAM - Get Free Report) posted its quarterly earnings data on Thursday. The technology company reported $0.97 earnings per share for the quarter, beating 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 analyst estimates of $1.35 billion. Atlassian had a negative net margin of 7.22% and a negative return on equity of 17.37%. Atlassian's quarterly revenue was up 14.1% on a year-over-year basis. During the same period last year, the firm posted $0.89 EPS. Atlassian updated its Q4 2025 guidance to EPS and its FY 2025 guidance to EPS.

Atlassian Trading Down 9.0 %

NASDAQ:TEAM traded down $20.59 on Friday, reaching $208.48. The stock had a trading volume of 8,180,619 shares, compared to its average volume of 2,070,690. The firm's fifty day moving average is $222.61 and its two-hundred day moving average is $245.06. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market cap of $54.62 billion, a price-to-earnings ratio of -155.58 and a beta of 1.06. Atlassian has a 12-month low of $135.29 and a 12-month high of $326.00.

Insiders Place Their Bets

In other news, CEO Michael Cannon-Brookes sold 7,948 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $311.20, for a total value of $2,473,417.60. Following the transaction, the chief executive officer now directly owns 309,972 shares in the company, valued at $96,463,286.40. This trade represents a 2.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Joseph Leo Binz sold 2,587 shares of the business's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $312.09, for a total value of $807,376.83. Following the sale, the chief financial officer now owns 169,342 shares of the company's stock, valued at $52,849,944.78. The trade was a 1.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 260,734 shares of company stock valued at $64,629,600 in the last quarter. 38.55% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on TEAM shares. The Goldman Sachs Group lifted their target price on shares of Atlassian from $245.00 to $370.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Citigroup boosted their target price on Atlassian from $255.00 to $300.00 and gave the stock a "buy" rating in a research report on Friday, January 17th. Barclays raised their price target on Atlassian from $275.00 to $350.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Scotiabank upped their price objective on Atlassian from $250.00 to $330.00 and gave the stock a "sector perform" rating in a report on Friday, January 31st. Finally, KeyCorp reduced their target price on Atlassian from $365.00 to $275.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Five investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $289.57.

Atlassian Company Profile

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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