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NASDAQ:TEAM

Atlassian (TEAM) Stock Price, News & Analysis

$177.32
-0.90 (-0.50%)
(As of 07/26/2024 ET)
Today's Range
$174.58
$179.69
50-Day Range
$153.18
$187.32
52-Week Range
$152.34
$258.69
Volume
1.31 million shs
Average Volume
1.32 million shs
Market Capitalization
$46.16 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$228.81

Atlassian MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.61 Rating Score
Upside/​Downside
29.0% Upside
$228.81 Price Target
Short Interest
Healthy
1.47% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.64
Upright™ Environmental Score
News Sentiment
0.64mentions of Atlassian in the last 14 days
Based on 24 Articles This Week
Insider Trading
Selling Shares
$47.85 M Sold Last Quarter
Proj. Earnings Growth
Decreasing
From ($0.22) to ($0.23) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.75 out of 5 stars

Computer And Technology Sector

59th out of 612 stocks

Prepackaged Software Industry

16th out of 202 stocks

TEAM stock logo

About Atlassian Stock (NASDAQ:TEAM)

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. The company also offers Jira Service Management, an intuitive and flexible service desk product for creating and managing service experiences for various service team providers, such as IT, legal, and HR teams; and Jira Align, an Atlassian's enterprise agility solution designed to help businesses to adapt and respond dynamic business conditions with a focus on value-creation. In addition, it provides Bitbucket, an enterprise-ready Git solution that enables professional dev teams to manage, collaborate, and deploy quality code; Atlassian Access, an enterprise-wide product for enhanced security and centralized administration that works across every Atlassian cloud product; and Jira Product, a prioritization and road mapping tool. Further, the company's portfolio includes Atlas, a teamwork directory; Bamboo, a continuous delivery pipeline; Crowd, a single sign-on; Crucible, a collaborative code review; Fisheye, a search, track, and visualize code change software; and Compass, a developer experience platform. Additionally, it offers Opsgenie, an on-call and alert management software; Sourcetree, a free git client for windows and mac; Statuspage that communicates real-time status to users; Beacon, an intelligent threat detection software; and Atlassian Access that enhance data security and governance for Atlassian Cloud products. The company was founded in 2002 and is headquartered in Sydney, Australia.

TEAM Stock Price History

TEAM Stock News Headlines

Prepare for a Recession Unlike Any Other
Dave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.
Prepare for a Recession Unlike Any Other
Dave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.
Atlassian (TEAM) Scheduled to Post Quarterly Earnings on Thursday
Atlassian (NASDAQ:TEAM) Shares Gap Down After Insider Selling
Atlassian’s Growth Trajectory and Market Position Justify Buy Rating
See More Headlines
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Company Calendar

Last Earnings
4/25/2024
Today
7/27/2024
Next Earnings (Confirmed)
8/01/2024
Fiscal Year End
6/30/2025

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:TEAM
Fax
N/A
Employees
6,433
Year Founded
2002

Price Target and Rating

Average Stock Price Target
$228.81
High Stock Price Target
$275.00
Low Stock Price Target
$185.00
Potential Upside/Downside
+29.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.61
Research Coverage
18 Analysts

Profitability

Net Income
$-486,760,000.00
Pretax Margin
-1.84%

Debt

Sales & Book Value

Annual Sales
$3.53 billion
Book Value
$2.54 per share

Miscellaneous

Free Float
154,929,000
Market Cap
$46.16 billion
Optionable
Optionable
Beta
0.74

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Should I Buy Atlassian Stock? TEAM Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Atlassian Co.:

  • Atlassian Co. reported strong quarterly earnings, beating analysts' consensus estimates by $0.27 per share, indicating robust financial performance.
  • The company's revenue for the quarter was $1.19 billion, surpassing analyst estimates of $1.10 billion, showcasing healthy revenue growth.
  • Insiders of Atlassian Co., including the president and CEO, have been actively selling shares, possibly indicating confidence in the company's future prospects.
  • Atlassian Co. has a market cap of $45.94 billion, reflecting its position as a significant player in the industry.
  • The stock price of Atlassian Co. has shown resilience, trading at $176.50, potentially presenting a buying opportunity for investors.

Cons

Investors should be bearish about investing in Atlassian Co. for these reasons:

  • Atlassian Co. has a negative return on equity of 13.95% and a negative net margin of 3.90%, indicating potential financial challenges.
  • The company's P/E ratio is -280.16, which may raise concerns about its valuation compared to industry peers.
  • Analysts predict that Atlassian Co. will post a negative earnings per share of -0.22 for the current fiscal year, suggesting potential profitability issues.
  • Recent insider selling activities totaling 277,043 shares valued at $48,437,496 may raise questions about the company's future performance.
  • Atlassian Co.'s stock price has experienced fluctuations, with a 1-year low of $152.34 and a 1-year high of $258.69, indicating volatility in the market.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, July 22, 2024. Please send any questions or comments about these Atlassian pros and cons to contact@marketbeat.com.

TEAM Stock Analysis - Frequently Asked Questions

How have TEAM shares performed this year?

Atlassian's stock was trading at $237.86 at the start of the year. Since then, TEAM shares have decreased by 25.5% and is now trading at $177.32.
View the best growth stocks for 2024 here
.

How were Atlassian's earnings last quarter?

Atlassian Co. (NASDAQ:TEAM) posted its quarterly earnings results on Thursday, April, 25th. The technology company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.62 by $0.27. The company's revenue for the quarter was up 29.9% compared to the same quarter last year.

What is Scott Farquhar & Mike Cannon-Brookes' approval rating as Atlassian's CEO?

447 employees have rated Atlassian Chief Executive Officer Scott Farquhar & Mike Cannon-Brookes on Glassdoor.com. Scott Farquhar & Mike Cannon-Brookes has an approval rating of 97% among the company's employees. This puts Scott Farquhar & Mike Cannon-Brookes in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Does Atlassian have any subsidiaries?

The following companies are subsidiaries of Atlassian: Mindville, Halp, Code Barrel, Good Software, AgileCraft, OpsGenie, Trello, and more.

When did Atlassian IPO?

Atlassian (TEAM) raised $350 million in an initial public offering (IPO) on Thursday, December 10th 2015. The company issued 20,000,000 shares at a price of $16.50-$18.50 per share. Goldman Sachs and Morgan Stanley served as the underwriters for the IPO and Allen & Company, UBS Investment Bank, Jefferies, Canaccord Genuity, JMP Securities, Raymond James and William Blair were co-managers.

Who are Atlassian's major shareholders?

Top institutional shareholders of Atlassian include Baillie Gifford & Co. (3.24%), Bank of New York Mellon Corp (0.30%), Manning & Napier Advisors LLC (0.20%) and Sumitomo Mitsui Trust Holdings Inc. (0.14%). Insiders that own company stock include Scott Farquhar, Michael Cannon-Brookes, Anutthara Bharadwaj, Rajeev Bashyam Rajan, Cameron Deatsch, Enrique T Salem, Joseph Leo Binz, Gene Liu and Heather Mirjahangir Fernandez.
View institutional ownership trends
.

How do I buy shares of Atlassian?

Shares of TEAM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Atlassian own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Atlassian investors own include NVIDIA (NVDA), Alibaba Group (BABA), Block (SQ), Salesforce (CRM), Netflix (NFLX), PayPal (PYPL) and Trade Desk (TTD).

This page (NASDAQ:TEAM) was last updated on 7/27/2024 by MarketBeat.com Staff

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