NASDAQ:TEAM

Atlassian (TEAM) Stock Forecast, Price & News

$189.95

-10.87 (-5.41%)

(As of 09/21/2023 ET)

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Today's Range: $189.30
▼
$197.85
50-Day Range: $169.65
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$214.03
52-Week Range: $113.86
▼
$246.15

Volume: 1.54 million shs
Average Volume: 959,999 shs
Market Capitalization: $48.89 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $199.81

Atlassian MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.61 Rating Score
Upside/Downside: 5.2% Upside
$199.81 Price Target
Short Interest: Healthy
1.20% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.64
Upright™ Environmental Score
News Sentiment: 0.06
Based on 21 Articles This Week
Insider Trading: Selling Shares
$66.97 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.48) to $0.21 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.18 out of 5 stars

Computer And Technology Sector

339th out of 592 stocks

Prepackaged Software Industry

106th out of 205 stocks

2.3

Analyst's Opinion

Consensus Rating
Atlassian has received a consensus rating of Moderate Buy. The company's average rating score is 2.61, and is based on 11 buy ratings, 7 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $199.81, Atlassian has a forecasted upside of 5.2% from its current price of $189.95.
Amount of Analyst Coverage
Atlassian has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
1.20% of the outstanding shares of Atlassian have been sold short.
Short Interest Ratio / Days to Cover
Atlassian has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Atlassian has recently decreased by 14.21%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Atlassian does not currently pay a dividend.
Dividend Growth
Atlassian does not have a long track record of dividend growth.

3.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Atlassian has received a 29.09% net impact score from Upright. Atlassian seems to create the most significant positive value in categories "Taxes", "Knowledge infrastructure", and "Jobs". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Integrated development environments", "Project management software", and "Code review tools" products. See details.
Environmental Sustainability
The Environmental Impact score for Atlassian is -0.64.

2.3

News and Social Media Coverage

News Sentiment
Atlassian has a news sentiment score of 0.06. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.57 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 21 news articles for Atlassian this week, compared to 7 articles on an average week.
Search Interest
Only 21 people have searched for TEAM on MarketBeat in the last 30 days. This is a decrease of -13% compared to the previous 30 days.
MarketBeat Follows
20 people have added Atlassian to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Atlassian insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $66,969,489.00 in company stock.
Percentage Held by Insiders
43.11% of the stock of Atlassian is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
53.36% of the stock of Atlassian is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Atlassian are expected to grow in the coming year, from ($0.48) to $0.21 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Atlassian is -100.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Atlassian is -100.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Atlassian has a P/B Ratio of 74.78. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Atlassian (NASDAQ:TEAM) Stock

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 Price History

30 days | 90 days | 365 days | Advanced Chart

TEAM Stock News Headlines

September 21, 2023 | americanbankingnews.com

Michael Cannon-Brookes Sells 8,241 Shares of Atlassian Co. (NASDAQ:TEAM) Stock

September 20, 2023 | americanbankingnews.com

Atlassian (NASDAQ:TEAM) Given "Buy" Rating at Mizuho

September 22, 2023 | Wall Street Fundamentals (Ad)

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September 19, 2023 | msn.com

Atlassian stock soars amid robust growth, but high valuation raises concerns

September 19, 2023 | finance.yahoo.com

Insider Sell: President Anutthara Bharadwaj Sells 2,470 Shares of Atlassian Corp

September 19, 2023 | msn.com

Is It Too Late to Buy Atlassian Stock?

September 19, 2023 | americanbankingnews.com

Anutthara Bharadwaj Sells 2,470 Shares of Atlassian Co. (NASDAQ:TEAM) Stock

September 19, 2023 | americanbankingnews.com

Atlassian Co. (NASDAQ:TEAM) CEO Sells $1,669,379.37 in Stock

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September 17, 2023 | americanbankingnews.com

Atlassian Co. (NASDAQ:TEAM) CEO Scott Farquhar Sells 8,241 Shares

September 16, 2023 | americanbankingnews.com

Atlassian (NASDAQ:TEAM) Rating Increased to Buy at StockNews.com

September 15, 2023 | msn.com

Atlassian names ex-Palo Alto exec as marketing chief

September 14, 2023 | finance.yahoo.com

Insider Sell: Cameron Deatsch Sells 3,411 Shares of Atlassian Corp

September 13, 2023 | finance.yahoo.com

Insider Sell: Co-CEO Scott Farquhar Sells 8,241 Shares of Atlassian Corp

September 9, 2023 | finance.yahoo.com

Insider Sell: Co-CEO Michael Cannon-Brookes Sells 8,241 Shares of Atlassian Corp

September 7, 2023 | finance.yahoo.com

Menlo Ventures Hires Former Atlassian CPO Joff Redfern as Newest Partner

September 5, 2023 | techcrunch.com

What’s next for Atlassian? Rajeev Rajan tells all (maybe) at TC Disrupt 2023

August 31, 2023 | msn.com

Citigroup Maintains Atlassian Corporation - (TEAM) Buy Recommendation

August 30, 2023 | finance.yahoo.com

Billionaire Tech CEO Scott Farquhar Is In No Rush to Return to Office

August 30, 2023 | markets.businessinsider.com

13 Analysts Have This to Say About Atlassian

August 29, 2023 | finance.yahoo.com

Software CEO worth almost $12 billion says he goes into the office ‘about once a quarter,’ bucking the return to office trend in Big Tech

August 29, 2023 | finance.yahoo.com

Here's Why Atlassian (TEAM) is a Strong Momentum Stock

August 28, 2023 | msn.com

This billionaire tech CEO is just fine with staff working wherever they want to – and only goes to the office once every three months

August 27, 2023 | uk.style.yahoo.com

Atlassian Corporation's (NASDAQ:TEAM) Intrinsic Value Is Potentially 44% Above Its Share Price

August 24, 2023 | benzinga.com

Atlassian President Trades $469K In Company Stock

August 23, 2023 | benzinga.com

Chief Financial Officer of Atlassian Sold $320K In Stock

August 23, 2023 | benzinga.com

Atlassian Principal Accounting Officer Trades $50K In Company Stock

See More Headlines

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TEAM Company Calendar

Last Earnings: 8/03/2023
Today: 9/21/2023
Next Earnings (Estimated): 11/02/2023
Fiscal Year End: 6/30/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Prepackaged software
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:TEAM
CUSIP: N/A
CIK: 1650372
Web: www.atlassian.com
Phone: (415) 701-1110
Fax: N/A
Employees: 6,433
Year Founded: 2002

Price Target and Rating

Average Stock Price Forecast: $199.81
High Stock Price Forecast: $240.00
Low Stock Price Forecast: $147.00
Forecasted Upside/Downside: +5.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.61
Research Coverage: 18 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.89)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-486,760,000.00
Net Margins: -13.77%
Pretax Margin: -8.80%
Return on Equity: -61.15%
Return on Assets: -9.40%

Debt

Debt-to-Equity Ratio: 1.47
Current Ratio: 1.35
Quick Ratio: 1.35

Sales & Book Value

Annual Sales: $3.53 billion
Price / Sales: 13.83
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $2.54 per share
Price / Book: 74.78

Miscellaneous

Outstanding Shares: 257,380,000
Free Float: 146,424,000
Market Cap: $48.89 billion
Optionable: Optionable
Beta: 0.70

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Key Executives

Mr. Michael Cannon-Brookes (Age 44)
Co-Founder, Co-CEO & Director
Comp: $60.21k

Mr. Scott Farquhar (Age 43)
Co-Founder, Co-CEO & Director
Comp: $95.92k

Ms. Anutthara Bharadwaj (Age 40)
Pres

Mr. Joe Binz
CFO & Principal Financial Officer

Mr. Gene Liu
Principal Accounting Officer & Controller

Mr. Rajeev B. Rajan (Age 53)
Chief Technology Officer

Ms. Erika Ashley Fisher (Age 38)
Chief Admin. Officer, Chief Legal Officer & Sec.

Mr. Martin Lam
Head of Investor Relations

Ms. Amy Glancey
Chief of Staff

Mr. Cameron Deatsch (Age 41)
Chief Revenue Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

TEAM Stock - Frequently Asked Questions

Should I buy or sell Atlassian stock right now?: 18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Atlassian in the last twelve months. There are currently 7 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" TEAM shares.
View TEAM analyst ratings or view top-rated stocks.
What is Atlassian's stock price forecast for 2023?: 18 analysts have issued 12 month price objectives for Atlassian's shares. Their TEAM share price forecasts range from $147.00 to $240.00. On average, they predict the company's stock price to reach $199.81 in the next year. This suggests a possible upside of 5.2% from the stock's current price.
View analysts price targets for TEAM or view top-rated stocks among Wall Street analysts.
How have TEAM shares performed in 2023?: Atlassian's stock was trading at $128.68 on January 1st, 2023. Since then, TEAM shares have increased by 47.6% and is now trading at $189.95.
View the best growth stocks for 2023 here.
When is Atlassian's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our TEAM earnings forecast.
How were Atlassian's earnings last quarter?: Atlassian Co. (NASDAQ:TEAM) announced its earnings results on Thursday, August, 3rd. The technology company reported ($0.21) EPS for the quarter, beating analysts' consensus estimates of ($0.25) by $0.04. The technology company had revenue of $939.10 million for the quarter, compared to analyst estimates of $911.23 million. Atlassian had a negative trailing twelve-month return on equity of 61.15% and a negative net margin of 13.77%.
What ETFs hold Atlassian's stock?: ETFs with the largest weight of Atlassian (NASDAQ:TEAM) stock in their portfolio include Optimize AI Smart Sentiment Event-Driven ETF (OAIE), Sterling Capital Focus Equity ETF (LCG), Direxion Daily Cloud Computing Bull 2x (CLDL), Motley Fool Global Opportunities ETF (TMFG), SmartETFs Advertising & Marketing Technology ETF (MRAD), Fidelity Cloud Computing ETF (FCLD), First Trust NASDAQ 100 Technology Index Fund (QTEC) and Direxion Work From Home ETF (WFH).
What guidance has Atlassian issued on next quarter's earnings?: Atlassian updated its first quarter 2024 earnings guidance on Thursday, August, 3rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $950.00 million-$970.00 million, compared to the consensus revenue estimate of $950.96 million.
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.

What other stocks do shareholders of Atlassian own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Atlassian investors own include NVIDIA (NVDA), Alibaba Group (BABA), Block (SQ), Salesforce (CRM), Netflix (NFLX), PayPal (PYPL), Trade Desk (TTD), Shopify (SHOP), Tesla (TSLA) and Twilio (TWLO).
When did Atlassian IPO?: (TEAM) raised $350 million in an 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 acted 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.
What is Atlassian's stock symbol?: Atlassian trades on the NASDAQ under the ticker symbol "TEAM."
Who are Atlassian's major shareholders?: Atlassian's stock is owned by many different institutional and retail investors. Top institutional shareholders include WCM Investment Management LLC (3.70%), BlackRock Inc. (3.31%), Baillie Gifford & Co. (2.87%), Artisan Partners Limited Partnership (2.33%), Sands Capital Management LLC (1.99%) and Brown Advisory Inc. (1.42%). Insiders that own company stock include Anutthara Bharadwaj, Cameron Deatsch, Enrique T Salem, Gene Liu, Heather Mirjahangir Fernandez, Joseph Leo Binz, Michael Cannon-Brookes, Rajeev Bashyam Rajan and Scott Farquhar.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Atlassian's stock price today?: One share of TEAM stock can currently be purchased for approximately $189.95.
How much money does Atlassian make?: Atlassian (NASDAQ:TEAM) has a market capitalization of $48.89 billion and generates $3.53 billion in revenue each year. The technology company earns $-486,760,000.00 in net income (profit) each year or ($1.89) on an earnings per share basis.
How many employees does Atlassian have?: The company employs 6,433 workers across the globe.
Does Atlassian have any subsidiaries?: The following companies are subsidiares of Atlassian: AgileCraft, Atlassian (Australia) Limited, Atlassian (Global) Limited, Atlassian (UK) Limited, Atlassian (UK) Operations Limited, Atlassian Australia 1 Pty Ltd, Atlassian Australia 2 Pty Ltd, Atlassian B.V., Atlassian Capital Pty. Ltd., Atlassian Corporation Pty. Ltd., Atlassian France, Atlassian Germany GmbH, Atlassian Inc., Atlassian K.K., Atlassian LLC, Atlassian Network Services Inc., Atlassian Philippines Inc., Atlassian Pty Ltd, BitBucket, BlueJimp, Code Barrel, Dogwood Labs Inc., Good Software, Hall.com, Halp, MITT Australia Pty Ltd, MITT Trust, Mindville, OpsGenie, SIP Communicator Ltd., SourceTree, StatusPage, Trello, Wikidocs, and doctape.
Read More
How can I contact Atlassian?: Atlassian's mailing address is Exchange House Primrose Street, London X0, EC2A 2EG. The official website for the company is www.atlassian.com. The technology company can be reached via phone at (415) 701-1110 or via email at ir@atlassian.com.

This page (NASDAQ:TEAM) was last updated on 9/22/2023 by MarketBeat.com Staff

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