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NASDAQ:TEAM

Atlassian (TEAM) Stock Price, News & Analysis

$207.05
+1.23 (+0.60%)
(As of 02/28/2024 ET)
Today's Range
$202.00
$208.49
50-Day Range
$204.11
$257.43
52-Week Range
$128.02
$258.69
Volume
1.14 million shs
Average Volume
1.73 million shs
Market Capitalization
$53.71 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$225.19

Atlassian MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
8.8% Upside
$225.19 Price Target
Short Interest
Healthy
1.59% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.64
Upright™ Environmental Score
News Sentiment
0.07mentions of Atlassian in the last 14 days
Based on 34 Articles This Week
Insider Trading
Selling Shares
$67.66 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.41) to ($0.27) 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.

3.62 out of 5 stars

Computer And Technology Sector

219th out of 602 stocks

Prepackaged Software Industry

63rd out of 200 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

Is the dip in Atlassian stock a sneaky buy opportunity?  (TEAM)
Investors should note that this is still the same Atlassian that found itself at the top of Oppenheimer’s top picks for 2024 last month.
Is the dip in Atlassian stock a sneaky buy opportunity? 
Investors should note that this is still the same Atlassian that found itself at the top of Oppenheimer’s top picks for 2024 last month.
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Atlassian Co. (NASDAQ:TEAM) CTO Sells $473,061.00 in Stock
Atlassian Corp CTO Rajeev Rajan Sells 2,302 Shares
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Atlassian Co. (NASDAQ:TEAM) President Sells $540,638.00 in Stock
Atlassian Co. (NASDAQ:TEAM) CTO Sells $600,731.60 in Stock
TEAM Mar 2024 210.000 call
TEAM Mar 2024 192.500 put
TEAM Feb 2024 185.000 call
Atlassian Co. (NASDAQ:TEAM) CFO Sells $282,072.00 in Stock
TEAM Feb 2024 210.000 put
See More Headlines
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Company Calendar

Last Earnings
2/01/2024
Today
2/28/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
6/30/2024

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
$225.19
High Stock Price Target
$285.00
Low Stock Price Target
$150.00
Potential Upside/Downside
+9.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
18 Analysts

Profitability

Net Income
$-486,760,000.00
Pretax Margin
-6.47%

Debt

Sales & Book Value

Annual Sales
$3.53 billion
Book Value
$3.49 per share

Miscellaneous

Free Float
154,399,000
Market Cap
$53.60 billion
Optionable
Optionable
Beta
0.70

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Should I Buy Atlassian Stock? TEAM Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Atlassian was last updated on Thursday, February 22, 2024 at 9:19 PM.

Pros

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

  • Atlassian offers a diverse product portfolio including Jira Software, Confluence, and Trello, catering to various needs of technical and business teams.
  • Recent developments in Atlassian's enterprise agility solution, Jira Align, can help businesses adapt to dynamic market conditions and focus on value creation.
  • Bitbucket, Atlassian's enterprise-ready Git solution, enables professional development teams to manage, collaborate, and deploy quality code efficiently.
  • Atlassian Access enhances data security and governance for all Atlassian Cloud products, providing peace of mind to investors concerned about cybersecurity.
  • Investors may find the current stock price of Atlassian Co. attractive, considering the company's growth potential and market positioning in the software industry.

Cons

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

  • Atlassian operates in the prepackaged software industry, which can be highly competitive and subject to rapid technological changes, posing risks to sustained growth.
  • While Atlassian's product portfolio is diverse, the company's reliance on software products may expose it to market fluctuations and changing consumer preferences.
  • Fluctuations in the software market and potential disruptions in the technology sector could impact Atlassian's revenue streams and overall financial performance.
  • Investors should carefully monitor Atlassian's competitive positioning and market share in the software industry to assess long-term growth prospects accurately.
  • Regulatory changes or cybersecurity threats could pose challenges to Atlassian's operations and affect investor confidence in the company's ability to maintain data security standards.














TEAM Stock Analysis - Frequently Asked Questions

Should I buy or sell Atlassian stock right now?

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Atlassian in the last twelve months. There are currently 9 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street 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 target for 2024?

18 brokers have issued 1 year target prices for Atlassian's shares. Their TEAM share price targets range from $150.00 to $285.00. On average, they predict the company's stock price to reach $225.19 in the next year. This suggests a possible upside of 8.8% 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 2024?

Atlassian's stock was trading at $237.86 at the start of the year. Since then, TEAM stock has decreased by 13.0% and is now trading at $207.05.
View the best growth stocks for 2024 here
.

Are investors shorting Atlassian?

Atlassian saw a increase in short interest in the month of February. As of February 15th, there was short interest totaling 4,120,000 shares, an increase of 28.3% from the January 31st total of 3,210,000 shares. Based on an average daily trading volume, of 1,710,000 shares, the days-to-cover ratio is presently 2.4 days.
View Atlassian's Short Interest
.

When is Atlassian's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our TEAM earnings forecast
.

How were Atlassian's earnings last quarter?

Atlassian Co. (NASDAQ:TEAM) issued its earnings results on Thursday, February, 1st. The technology company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.06) by $0.24. The technology company earned $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. Atlassian had a negative trailing twelve-month return on equity of 34.56% and a negative net margin of 9.87%.

What guidance has Atlassian issued on next quarter's earnings?

Atlassian issued an update on its third quarter 2024 earnings guidance on Thursday, February, 1st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 billion.

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 initial public offering on Thursday, December 10th 2015. The company issued 20,000,000 shares at $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?

Atlassian's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (5.92%), Price T Rowe Associates Inc. MD (3.95%), WCM Investment Management LLC (3.74%), Baillie Gifford & Co. (3.41%), Artisan Partners Limited Partnership (2.30%) and Sands Capital Management LLC (1.71%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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
This page (NASDAQ:TEAM) was last updated on 2/28/2024 by MarketBeat.com Staff