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Atlassian Stock Price, News & Analysis (NASDAQ:TEAM)

$194.43
-0.68 (-0.35%)
(As of 12/4/2023 ET)
Compare
Today's Range
$187.79
▼
$194.93
50-Day Range
$170.84
▼
$206.00
52-Week Range
$116.40
▼
$215.77
Volume
1.66 million shs
Average Volume
1.87 million shs
Market Capitalization
$50.17 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$201.18
Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability

Atlassian MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
3.5% Upside
$201.18 Price Target
Short Interest
Healthy
1.26% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.64
Upright™ Environmental Score
News Sentiment
0.17mentions of Atlassian in the last 14 days
Based on 29 Articles This Week
Insider Trading
Selling Shares
$67.36 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.21) to $0.60 Per Share

Overall MarketRank™

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

2.03 out of 5 stars

Computer And Technology Sector

348th out of 593 stocks

Prepackaged Software Industry

98th out of 198 stocks

See Top Rated MarketRank™ Stocks Here

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

November 13, 2023 | marketbeat.com
Atlassian fumbles the quarter but is still leading the game
Collaboration software developer Atlassian's stock dropped 10% after its latest earnings report showed slowing growth, but the company is still a sector leader
December 4, 2023 | americanbankingnews.com
Atlassian Co. Expected to Earn FY2024 Earnings of ($0.70) Per Share (NASDAQ:TEAM)
December 4, 2023 | Wealthpress (Ad)
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
December 3, 2023 | finance.yahoo.com
Atlassian Corporation (NASDAQ:TEAM) Shares Could Be 30% Below Their Intrinsic Value Estimate
December 3, 2023 | americanbankingnews.com
Insider Selling: Atlassian Co. (NASDAQ:TEAM) CTO Sells $496,283.98 in Stock
December 3, 2023 | americanbankingnews.com
Scotiabank Initiates Coverage on Atlassian (NASDAQ:TEAM)
December 3, 2023 | americanbankingnews.com
Atlassian (NASDAQ:TEAM) Downgraded by StockNews.com
December 1, 2023 | msn.com
Scotiabank Initiates Coverage of Atlassian Corporation - (TEAM) with Sector Perform Recommendation
December 4, 2023 | Wealthpress (Ad)
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
December 1, 2023 | markets.businessinsider.com
The Latest Analyst Ratings for Atlassian
December 1, 2023 | finance.yahoo.com
Insider Sell: CTO Rajeev Rajan Sells 2,609 Shares of Atlassian Corp (TEAM)
December 1, 2023 | realmoney.thestreet.com
Atlassian initiated with a Sector Perform at Scotiabank
November 30, 2023 | finance.yahoo.com
Atlassian Completes Acquisition of Loom
November 30, 2023 | americanbankingnews.com
Atlassian Co. (NASDAQ:TEAM) CEO Sells $1,497,224.88 in Stock
November 29, 2023 | finance.yahoo.com
Investing in Atlassian (NASDAQ:TEAM) five years ago would have delivered you a 120% gain
November 28, 2023 | finance.yahoo.com
Insider Sell: Atlassian Corp's Chief Revenue Officer Cameron Deatsch Offloads 3,890 Shares
November 28, 2023 | americanbankingnews.com
Atlassian Co. (NASDAQ:TEAM) CTO Rajeev Bashyam Rajan Sells 447 Shares
November 28, 2023 | americanbankingnews.com
Atlassian Co. (NASDAQ:TEAM) CRO Cameron Deatsch Sells 3,890 Shares
November 28, 2023 | americanbankingnews.com
Atlassian Co. (NASDAQ:TEAM) CEO Michael Cannon-Brookes Sells 8,241 Shares
November 27, 2023 | sfgate.com
Bay Area tech is forcing workers into offices. She's fighting back.
November 24, 2023 | finance.yahoo.com
1 Magnificent Growth Stock Down 60% You'll Wish You'd Bought on the Dip
November 24, 2023 | americanbankingnews.com
Michael Cannon-Brookes Sells 8,241 Shares of Atlassian Co. (NASDAQ:TEAM) Stock
November 24, 2023 | americanbankingnews.com
Insider Selling: Atlassian Co. (NASDAQ:TEAM) CRO Sells $742,884.74 in Stock
November 24, 2023 | americanbankingnews.com
Cameron Deatsch Sells 4,221 Shares of Atlassian Co. (NASDAQ:TEAM) Stock
November 24, 2023 | americanbankingnews.com
Insider Selling: Atlassian Co. (NASDAQ:TEAM) CTO Sells 3,075 Shares of Stock
November 23, 2023 | finance.yahoo.com
Insider Sell: Atlassian Corp's Chief Revenue Officer Cameron Deatsch Unloads Shares
November 22, 2023 | finance.yahoo.com
Insider Sell: CTO Rajeev Rajan Sells Shares of Atlassian Corp (TEAM)
See More Headlines
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Company Calendar

Last Earnings
11/02/2023
Today
12/04/2023
Next Earnings (Estimated)
2/01/2024
Fiscal Year End
6/30/2024
Get Stock Alerts

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 Target
$201.18
High Stock Price Target
$240.00
Low Stock Price Target
$150.00
Potential Upside/Downside
+4.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
18 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($1.96)
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
-13.63%
Pretax Margin
-8.54%
Return on Equity
-50.61%
Return on Assets
-8.38%

Debt

Debt-to-Equity Ratio
1.23
Current Ratio
1.43
Quick Ratio
1.43

Sales & Book Value

Annual Sales
$3.53 billion
Price / Sales
14.09
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$2.54 per share
Price / Book
75.99

Miscellaneous

Outstanding Shares
258,060,000
Free Float
153,597,000
Market Cap
$49.81 billion
Optionable
Optionable
Beta
0.63

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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 Monday, November 27, 2023 at 10:35 AM.

Pros

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

  • Strong Product Portfolio: Atlassian Co. offers a diverse range of software products, including Jira Software, Jira Work Management, Confluence, Trello, and more. These products are widely used by businesses worldwide and have a strong reputation in the market.
  • Acquisitions: Atlassian Co. has made strategic acquisitions, such as AirTrack and Loom, to enhance its product offerings and expand its market presence. These acquisitions demonstrate the company's commitment to innovation and growth.
  • AI and Machine Learning Integration: Atlassian Co.'s Jira Service Management incorporates artificial intelligence (AI) and machine learning to automate tasks and improve workflow efficiency. This integration can help businesses save time and resources.
  • Global Collaboration: Atlassian Co.'s products, such as Loom, enable teams to collaborate seamlessly, regardless of their geographical locations. This is particularly relevant in the current era of distributed work, where remote collaboration is essential.
  • Positive Revenue Outlook: Atlassian Co. expects strong revenue growth in the coming quarters, with cloud revenues projected to grow by 25% to 30% and data center revenue growth of nearly 31%. This positive revenue outlook indicates the company's potential for financial success.

Cons

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

  • Competition in the Software Industry: Atlassian Co. operates in a highly competitive market, with numerous competitors offering similar software products. This competition could potentially impact the company's market share and profitability.
  • Market Volatility: The stock market can be volatile, and the stock price of Atlassian Co. may fluctuate based on various factors, including market conditions, industry trends, and investor sentiment. Investors should be aware of the potential risks associated with market volatility.
  • Dependency on Technology: Atlassian Co.'s success is heavily dependent on the continuous development and adoption of technology. Any disruptions or failures in technology infrastructure could negatively impact the company's operations and financial performance.
  • Regulatory and Legal Risks: As a global software company, Atlassian Co. is subject to various regulatory and legal risks, including data privacy regulations, intellectual property disputes, and compliance requirements. These risks could result in legal expenses and reputational damage.
  • Currency Exchange Rates: Atlassian Co. operates globally, which exposes the company to currency exchange rate fluctuations. Changes in exchange rates can impact the company's financial results, especially when it comes to international sales and expenses.














TEAM Stock Analysis - Frequently Asked Questions

Should I buy or sell Atlassian stock right now?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Atlassian in the last year. There are currently 8 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street 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 12 month price targets for Atlassian's shares. Their TEAM share price targets range from $150.00 to $240.00. On average, they expect the company's stock price to reach $201.18 in the next year. This suggests a possible upside of 3.5% 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 stock has increased by 51.1% and is now trading at $194.43.
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, February 1st 2024.
View our TEAM earnings forecast.

How were Atlassian's earnings last quarter?

Atlassian Co. (NASDAQ:TEAM) released its earnings results on Thursday, November, 2nd. The technology company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.10) by $0.03. The technology company earned $977.78 million during the quarter, compared to analyst estimates of $961.59 million. Atlassian had a negative trailing twelve-month return on equity of 50.61% and a negative net margin of 13.63%.

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 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 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 WCM Investment Management LLC (3.65%), Baillie Gifford & Co. (2.83%), Artisan Partners Limited Partnership (2.35%), Sands Capital Management LLC (1.93%), Brown Advisory Inc. (1.25%) and Clearbridge Investments LLC (0.77%). 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.

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 12/4/2023 by MarketBeat.com Staff

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