Atlassian Stock Forecast, Price & News

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Atlassian in the last twelve months. There are currently 4 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" Atlassian stock.
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15 brokers have issued 1 year price objectives for Atlassian's shares. Their TEAM stock forecasts range from $180.00 to $520.00. On average, they predict Atlassian's stock price to reach $369.56 in the next twelve months. This suggests a possible upside of 84.3% from the stock's current price.
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Atlassian's stock was trading at $381.29 at the beginning of the year. Since then, TEAM shares have decreased by 47.4% and is now trading at $200.48.
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Atlassian saw a increase in short interest in the month of May. As of May 31st, there was short interest totaling 4,930,000 shares, an increase of 39.3% from the May 15th total of 3,540,000 shares. Based on an average daily volume of 2,080,000 shares, the days-to-cover ratio is currently 2.4 days.
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Atlassian is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
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Atlassian Co. Plc (NASDAQ:TEAM) announced its quarterly earnings results on Thursday, April, 28th. The technology company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.10. The technology company had revenue of $740.49 million for the quarter, compared to analyst estimates of $703.87 million. Atlassian had a negative trailing twelve-month return on equity of 56.13% and a negative net margin of 27.73%. The firm's revenue for the quarter was up 30.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.09 earnings per share.
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Atlassian updated its fourth quarter 2022 earnings guidance on Monday, May, 9th. The company provided earnings per share (EPS) guidance of $0.24-$0.24 for the period, compared to the consensus earnings per share estimate of $0.30. The company issued revenue guidance of $710.00 million-$725.00 million, compared to the consensus revenue estimate of $709.99 million.

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.

Some companies that are related to Atlassian include ServiceNow (NOW), NetEase (NTES), Activision Blizzard (ATVI), Dassault Systèmes (DASTY), VMware (VMW), Synopsys (SNPS), Snowflake (SNOW), Shopify (SHOP), Cadence Design Systems (CDNS), CrowdStrike (CRWD), Square (SQ), Autodesk (ADSK), Electronic Arts (EA), Datadog (DDOG) and Veeva Systems (VEEV).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Atlassian investors own include NVIDIA (NVDA), Alibaba Group (BABA), Square (SQ), Salesforce (CRM), Netflix (NFLX), PayPal (PYPL), Trade Desk (TTD), Shopify (SHOP), Tesla (TSLA) and Twilio (TWLO).

(TEAM) raised $350 million in an IPO 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.

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

Atlassian's stock is owned by many different retail and institutional investors. Top institutional shareholders include Sands Capital Management LLC (4.45%), Jennison Associates LLC (4.40%), Baillie Gifford & Co. (4.15%), BlackRock Inc. (3.06%), Capital Research Global Investors (2.79%) and WCM Investment Management LLC (2.60%).

TEAM stock was sold by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Jennison Associates LLC, Tiger Global Management LLC, Capital International Investors, Arrowstreet Capital Limited Partnership, Hardman Johnston Global Advisors LLC, Pendal Group Ltd, and BlackRock Inc..

TEAM stock was bought by a variety of institutional investors in the last quarter, including Durable Capital Partners LP, Sands Capital Management LLC, Scge Management L.P., 1832 Asset Management L.P., Winslow Capital Management LLC, TD Asset Management Inc., William Blair Investment Management LLC, and Lord Abbett & CO. LLC.

Shares of TEAM 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.
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One share of TEAM stock can currently be purchased for approximately $200.48.

Atlassian (NASDAQ:TEAM) has a market capitalization of $27.53 billion and generates $2.09 billion in revenue each year. The technology company earns $-696.32 million in net income (profit) each year or ($2.87) on an earnings per share basis.

Atlassian employs 6,433 workers across the globe.

Atlassian was founded in 2002.

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 [email protected].