NASDAQ:TEAMAtlassian Stock Price, Forecast & News

Atlassian's stock was trading at $130.44 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, TEAM shares have increased by 40.6% and is now trading at $183.46. View which stocks have been most impacted by Coronavirus.

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Atlassian in the last year. There are currently 4 hold ratings and 16 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Atlassian.

Atlassian is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for Atlassian.

Atlassian Co. PLC (NASDAQ:TEAM) posted its quarterly earnings data on Thursday, April, 30th. The technology company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.04. The technology company had revenue of $411.60 million for the quarter, compared to analyst estimates of $396.22 million. Atlassian had a positive return on equity of 0.84% and a negative net margin of 13.37%. Atlassian's revenue for the quarter was up 33.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 earnings per share. View Atlassian's earnings history.

Atlassian updated its fourth quarter earnings guidance on Thursday, April, 30th. The company provided earnings per share guidance of $0.17-0.22 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.23. The company issued revenue guidance of $400-415 million, compared to the consensus revenue estimate of $418.42 million.

20 analysts have issued 1 year price targets for Atlassian's stock. Their forecasts range from $132.00 to $220.00. On average, they expect Atlassian's share price to reach $163.53 in the next twelve months. This suggests that the stock has a possible downside of 10.9%. View analysts' price targets for Atlassian.

News coverage about TEAM stock has trended very negative this week, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Atlassian earned a daily sentiment score of -3.1 on InfoTrie's scale. They also gave headlines about the technology company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the next few days. View the latest news aboutAtlassian.

Atlassian saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 8,000,000 shares, an increase of 6.1% from the April 15th total of 7,540,000 shares. Based on an average daily volume of 1,996,000 shares, the days-to-cover ratio is currently 4.0 days. Approximately 7.2% of the shares of the stock are sold short. View Atlassian's Current Options Chain.

Some companies that are related to Atlassian include Intuit (INTU), ServiceNow (NOW), Uber Technologies (UBER), VMware (VMW), Activision Blizzard (ATVI), Autodesk (ADSK), Dassault Systemes (DASTY), Square (SQ), Electronic Arts (EA), Veeva Systems (VEEV), Splunk (SPLK), Twilio (TWLO), Synopsys (SNPS), Docusign (DOCU) and Cadence Design Systems (CDNS). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Atlassian investors own include NVIDIA (NVDA), Alibaba Group (BABA), Netflix (NFLX), Paypal (PYPL), Square (SQ), Trade Desk (TTD), salesforce.com (CRM), Shopify (SHOP), Twilio (TWLO) and Adobe (ADBE).

(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.

Atlassian trades on the NASDAQ under the ticker symbol "TEAM."

Atlassian's stock is owned by many different institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (6.21%), Sands Capital Management LLC (4.73%), Capital Research Global Investors (4.64%), Morgan Stanley (3.42%), BlackRock Inc. (2.99%) and Janus Henderson Group PLC (2.61%).

TEAM stock was sold by a variety of institutional investors in the last quarter, including Lone Pine Capital LLC, Pendal Group Ltd, PointState Capital LP, Capital Research Global Investors, JPMorgan Chase & Co., Alyeska Investment Group L.P., Nuveen Asset Management LLC, and Acadian Asset Management LLC.

TEAM stock was bought by a variety of institutional investors in the last quarter, including Jennison Associates LLC, Sands Capital Management LLC, Janus Henderson Group PLC, Wells Fargo & Company MN, Franklin Resources Inc., AO Asset Management LP, Frontier Capital Management Co. LLC, and Center Lake Capital Management LLC.

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

One share of TEAM stock can currently be purchased for approximately $183.46.

Atlassian has a market capitalization of $22.37 billion and generates $1.21 billion in revenue each year. The technology company earns $-637,620,000.00 in net income (profit) each year or ($0.17) on an earnings per share basis. Atlassian employs 3,616 workers across the globe.

The official website for Atlassian is www.atlassian.com.

Atlassian's mailing address is Exchange House Primrose Street, London X0, EC2A 2EG. The technology company can be reached via phone at 415-701-1110 or via email at [email protected]