S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
NASDAQ:TEAM

Atlassian - TEAM Stock Forecast, Price & News

$268.59
+38.18 (+16.57%)
(As of 08/5/2022 08:49 PM ET)
Add
Compare
Today's Range
$245.31
$269.49
50-Day Range
$165.74
$268.59
52-Week Range
$159.54
$483.13
Volume
6.82 million shs
Average Volume
2.10 million shs
Market Capitalization
$36.88 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$329.17

Atlassian MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
22.6% Upside
$329.17 Price Target
Short Interest
Healthy
2.45% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.64
Upright™ Environmental Score
News Sentiment
0.37mentions of Atlassian in the last 14 days
Based on 33 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.87) 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.

2.35 out of 5 stars

Computer And Technology Sector

271st out of 832 stocks

Prepackaged Software Industry

78th out of 269 stocks

TEAM stock logo

About Atlassian (NASDAQ:TEAM) Stock

Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its products include JIRA, a workflow management system for teams to plan, track, collaborate, and manage work, and projects; Jira Service Management, a service desk product for creating and managing service experiences for various service team providers, including IT, legal, and HR teams; Jira Align for enterprise agile planning; Opsgenie, an incident management tool that centralizes alerts and notifies right people at right time; and Statuspage for incident communication. The company also provides Confluence, a remote-friendly team workspace used to build, organize, and collaborate on work virtually for team content creation and sharing; and Trello, a collaboration product, that manages projects, organizes tasks, and builds team spirit for capturing and adding structure to fluid, fast-forming work for teams. In addition, it offers Bitbucket for code sharing and management; and various other products, such as Atlassian cloud apps, Bamboo, Crowd, Crucible, Fisheye, Halp, Sourcetree, and Statuspage. Atlassian Corporation Plc was founded in 2002 and is headquartered in Sydney, Australia.

Atlassian Price Performance

TEAM Stock traded up $38.18 during midday trading on Friday, hitting $268.59. 6,815,189 shares of the stock were exchanged, compared to its average volume of 1,699,910. The stock's 50-day moving average price is $196.85 and its 200-day moving average price is $241.59. The stock has a market cap of $36.88 billion, a price-to-earnings ratio of -110.53 and a beta of 1.01. Atlassian has a fifty-two week low of $159.54 and a fifty-two week high of $483.13. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.19 and a current ratio of 1.19.

Atlassian (NASDAQ:TEAM - Get Rating) last released its quarterly earnings results on Thursday, August 4th. The technology company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.01. The company had revenue of $759.80 million during the quarter, compared to the consensus estimate of $724.28 million. Atlassian had a negative return on equity of 136.11% and a negative net margin of 21.91%. Atlassian's revenue was up 35.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.06) earnings per share. Research analysts predict that Atlassian will post -0.87 earnings per share for the current year.

Wall Street Analyst Weigh In

TEAM has been the topic of several research reports. Wells Fargo & Company decreased their target price on Atlassian from $400.00 to $300.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 18th. Cowen decreased their target price on Atlassian from $285.00 to $245.00 in a research note on Friday, July 22nd. Piper Sandler increased their target price on Atlassian from $249.00 to $283.00 and gave the stock an "overweight" rating in a research note on Friday. Morgan Stanley decreased their target price on Atlassian from $460.00 to $430.00 and set an "overweight" rating on the stock in a research note on Monday, July 11th. Finally, Canaccord Genuity Group decreased their target price on Atlassian from $375.00 to $300.00 in a research note on Friday, April 29th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $338.16.

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TEAM Stock News Headlines

Atlassian (NASDAQ:TEAM) PT Lowered to $380.00
Why Atlassian Stock Is Soaring Today
Atlassian Stock Jumps as Results Blow Past Guidance
Atlassian stock pops after revenue beat
See More Headlines
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TEAM Company Calendar

Last Earnings
8/04/2022
Today
8/07/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
6/30/2023

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 Forecast
$329.17
High Stock Price Forecast
$500.00
Low Stock Price Forecast
$180.00
Forecasted Upside/Downside
+22.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
16 Analysts

Profitability

Net Income
$-696,320,000.00
Pretax Margin
-27.27%

Debt

Sales & Book Value

Annual Sales
$2.80 billion
Cash Flow
$1.06 per share
Book Value
$2.15 per share

Miscellaneous

Free Float
N/A
Market Cap
$36.88 billion
Optionable
Optionable
Beta
1.01

Social Links


Key Executives

  • Mr. Michael Cannon-Brookes (Age 43)
    Co-Founder, Co-CEO & Director
    Comp: $61.46k
  • Mr. Scott Farquhar (Age 42)
    Co-Founder, Co-CEO & Director
    Comp: $61.19k
  • Ms. Anu Bharadwaj
    Chief Operating Officer
  • Mr. Gene Liu
    Principal Accounting Officer & Controller
  • Mr. Rajeev Rajan
    Chief Technology Officer
  • Ms. Erika Fisher (Age 37)
    Chief Admin. Officer & Chief Legal Officer
  • Mr. Martin Lam
    Head of Investor Relations
  • Mr. Robert Chatwani
    Chief Marketing Officer
  • Ms. Amy Glancey
    Chief of Staff
  • Mr. Cameron Deatsch
    Chief Revenue Officer













TEAM Stock - Frequently Asked Questions

Should I buy or sell Atlassian stock right now?

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Atlassian in the last year. There are currently 4 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Atlassian stock.
View analyst ratings for Atlassian
or view top-rated stocks.

What is Atlassian's stock price forecast for 2022?

16 equities research analysts have issued 12-month target prices for Atlassian's shares. Their TEAM stock forecasts range from $180.00 to $500.00. On average, they anticipate Atlassian's share price to reach $329.17 in the next twelve months. This suggests a possible upside of 22.6% from the stock's current price.
View analysts' price targets for Atlassian
or view top-rated stocks among Wall Street analysts.

How has Atlassian's stock price performed in 2022?

Atlassian's stock was trading at $381.29 at the beginning of 2022. Since then, TEAM stock has decreased by 29.6% and is now trading at $268.59.
View the best growth stocks for 2022 here
.

When is Atlassian's next earnings date?

Atlassian is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our earnings forecast for Atlassian
.

How were Atlassian's earnings last quarter?

Atlassian Co. Plc (NASDAQ:TEAM) issued its quarterly earnings data on Thursday, August, 4th. The technology company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.26 by $0.01. The technology company had revenue of $759.80 million for the quarter, compared to analysts' expectations of $724.28 million. Atlassian had a negative net margin of 21.91% and a negative trailing twelve-month return on equity of 136.11%. The firm's revenue for the quarter was up 35.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.06) EPS.

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

Atlassian updated its first quarter earnings guidance on Thursday, August, 4th. The company provided EPS guidance of $0.37-0.38 for the period, compared to the consensus EPS estimate of $0.34. The company issued revenue guidance of $795-810 million, compared to the consensus revenue estimate of $773.22 million.

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

447 employees have rated Atlassian CEO Scott Farquhar & Mike Cannon-Brookes on Glassdoor.com. Scott Farquhar & Mike Cannon-Brookes has an approval rating of 97% among Atlassian'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 (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 a variety of retail and institutional investors. Top institutional shareholders include Jennison Associates LLC (3.67%), TD Asset Management Inc. (1.29%), Brown Advisory Inc. (0.73%), Hardman Johnston Global Advisors LLC (0.48%), Allspring Global Investments Holdings LLC (0.32%) and Envestnet Asset Management Inc. (0.26%).

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 $268.59.

How much money does Atlassian make?

Atlassian (NASDAQ:TEAM) has a market capitalization of $36.88 billion and generates $2.80 billion in revenue each year. The technology company earns $-696,320,000.00 in net income (profit) each year or ($2.43) on an earnings per share basis.

How many employees does Atlassian have?

Atlassian 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

When was Atlassian founded?

Atlassian was founded in 2002.

How can I contact Atlassian?

Atlassian's mailing address is Exchange House Primrose Street, London X0, EC2A 2EG. The official website for Atlassian is www.atlassian.com. The technology company can be reached via phone at (129) 262-1443 or via email at ir@atlassian.com.

This page (NASDAQ:TEAM) was last updated on 8/8/2022 by MarketBeat.com Staff

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